Wednesday preview: US ADP jobs report in focus

by | Aug 2, 2023

(Sharecast News) – The economic and corporate calendar in the middle of the week was sparse in all geographies.
However, at 1315 BST consultancy ADP was scheduled to release its tally of private sector hiring for the month of July.

Consensus was for a slowdown from the 497,000 pace observed in June to 188,000.

Nonetheless, while the report often elicited a reaction in financial markets, its track record in helping to predict the official non-farm payrolls report that was published two days later was lacklustre at best.

Wednesday 02 August

INTERIMS

Convatec Group , Endeavour Mining, Ferrexpo, Haleon , IP Group, Man Group, Smurfit Kappa Group (CDI), Spirent Communications, Taylor Wimpey

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (15:30)

MBA Mortgage Applications (US) (12:00)

Q2

Endeavour Mining

GMS

Premier African Minerals Ltd

FINALS

TheWorks.Co.Uk

AGMS

Bushveld Minerals Limited, JPMorgan Global Core Real Assets Limited, Livermore Investments Group Ltd., Sequoia Economic Infrastructure Income Fund Limited , Wizz Air Holdings

FINAL DIVIDEND PAYMENT DATE

Aquila Services Group, Tate & Lyle

Related articles

Thursday preview: BoE, US data in the spotlight

Thursday preview: BoE, US data in the spotlight

(Sharecast News) - All eyes on Thursday would be on the Bank of England's possibly last interest rate hike for the current tightening cycle. Consensus was that at 1200 BST Bank would announce a 25 basis point hike in Bank Rate to 5.50% and leave the door open to...

Wednesday preview: Fed rate decision, UK CPI in focus

Wednesday preview: Fed rate decision, UK CPI in focus

(Sharecast News) - All eyes in the middle of the week will be on the Federal Reserve, as rate-setters in Washington D.C. wrap up their two-day monetary policy meeting. Consensus is for no change in the target range for the Fed funds rate, which currently stands at...

Latest Articles

Time for Japan to act (II): State Street Global Markets

Time for Japan to act (II): State Street Global Markets

Written by Michael Metcalfe, Head of Macro Strategy, State Street Global Markets  Writing ahead of the September BoJ gathering in 2022, we argued in Time for Japan to act (first edition!) that the authorities should begin monetary tightening both through moving the...

Europe open: Shares slide on hawkish Fed as eyes turn to BoE

Europe open: Shares slide on hawkish Fed as eyes turn to BoE

(Sharecast News) - European stocks opened in the red on Thursday after hawkish comments from the US Federal Reserve on future rate rises dampened sentiment and investors turned their attention to the Bank of England's own policy meeting. The pan-European Stoxx 600...

Capita signs two new contracts worth £565m

Capita signs two new contracts worth £565m

(Sharecast News) - Outsourcing group Capita said it has signed two new contracts with the UK and Northern Ireland governments worth a combined £565m. Four months after Capita was selected as the preferred bidder, the group has now confirmed it has sealed the deal to...

Rise in UK borrowing limits Hunt’s scope for tax cuts

Rise in UK borrowing limits Hunt’s scope for tax cuts

(Sharecast News) - Britain's budget deficit in August was slightly higher than expected, according to official data published on Thursday, meaning Finance Minister Jeremy Hunt will have less scope for tax cuts ahead of the General Election. Public sector net borrowing...

Join our mailing list

Subscribe to our mailing list to receive regular updates!

No Fields Found.
x