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U.S. Day Ahead: ADP could fuel Wall Street optimism

Tuesday, April 03, 2012 - 02:12

April 3 - With ADP set to show a gain of 200,000 private jobs in March, traders on Wall Street could get an early Easter egg according to Reuters Correspondent Jason Lange.

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Here is very US stay ahead we get a curtain raiser at Friday's jobs report with the release of eighty. At 8:15 AM expect 200000. Private sector jobs have been created in March according to a writer's home. That would be slightly down the previous month. Reuters correspondent Jason lengths as eighty. The pace of government job losses has been slowing and that's pretty flat the last two months. So they ADP number could be pretty close to the total number of jobs created in March. And with the stock market closed on Friday a strong -- Housing and services data in the morning could also give momentum to the market. He mortgage market that's throughout at seven. This includes the refinance index as well as the thirty year rate that's followed by the not manufacturing ISM index at ten. I have bars that fashion show expansion -- services inching up to 57 point six and march. That would be its highest reading in over year. We'll get an update on the health of the recovery when Treasury Secretary Timothy Geithner speaks at 9 AM he's talking about for the economic club of Chicago. Recently Geithner has been urging congress to approve a potential ten billion dollar plant. Aimed at helping struggling homeowners refinance at lower interest rates. We get more excited to the bed when Evans is co president John Williams speaks at 11 AMD. The policy voters giving -- economic outlook at this San Francisco plant can't hurt it resurgence as he -- Williams is a well known -- averaging more monetary stimulus to support recovery. I tee it retails sent to dominate earnings Monsanto reports before the market opened after the close the -- Ruby Tuesday in global payments all eyes will be on Monsanto though. The global agribusiness company is expected to post earnings of two dollars twelve cents a share. The dollar 87 a year ago. The farm sectors enjoying a boom after high demand for food and biofuels. I Rhonda -- this is Reuters.

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U.S. Day Ahead: ADP could fuel Wall Street optimism

Tuesday, April 03, 2012 - 02:12