Jobs Frenzy
NAB Morning Call
00:00
The Jolt Today Came From the ADP Numbers
The ADP came out with almost half a million extra jobs in June, which is well over twice what was expected. And obviously, a big chunk of all of these quite considerable moves is down to the job status, isn't it? It's the symbiosis, I think, of all these coming together. When you've got central banks urging the market on and then the data comes in to support that, it's dragging the market towards the path of least resistance.
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