Source: Bloomberg
Wednesday’s session in New York, like Tuesday’s, ended with declines in all major indices. Analysts blame for this state of weak economic data.
The session went overseas today in the red colors. When we heard the bell ending the day, all three major indexes were below the opening levels. The Dow Jones Industrial lost 0.58 percent. and fell to 18,096.90 points. The S & amp; P reduced its valuation by 0.44 percent. to 2098.53 points. Nasdaq recorded the smallest decline, which lost 0.26 percent. Quotes and ended with a score of 4967.14 points.
The main factor that left its mark on Wednesday investors’ decisions were ADP Employer Services data describing the situation on the local labor market. According to the reading, in February 2015. Came to 212 thousand. jobs. This is the result not only weaker than analysts’ forecasts, but also compared to January. Experts estimated that in the analyzed period, the US economy will create 219 thousand. FTEs. In January, came to 213 thousand. jobs.
The ADP report is not the end of macroeconomic data from the US labor market this week. On Friday, his reading publish government sources. Surveyed by Bloomberg analysts expect that employment will increase by 225 thousand. jobs, and the unemployment rate dropped to 5.6 percent. from 5.7 per cent. in January.
Both readings are in the focus of the players on Wall Street, and there is the wonder. Better than expected results can make the Fed decides to raise interest rates before, probably already at the June meeting.
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