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The Just-released ADP national employment report for August showed a paltry rise of 132,000 jobs, which was well below the gain of 300,000 that the marketplace expected. The marketplace showed little reaction to the report, which has a recent history of not being a good indicator of Friday morning’s more important employment situation report from the Labor Department.
Speaking of inflation, the Euro zone got more hot readings as the August consumer price index rose 9.1%, year-on-year, which was slightly above market expectations. The key outside markets today see Nymex crude oil prices solidly lower and trading around $89.00 a barrel. Reports are now indicating OPEC-plus will not cut its collective crude oil production. The U.S. dollar index is higher in early U.S. trading. Meantime, the yield on the 10-year U.S. Treasury note is fetching 3.151%.
Bankers Mafia is END GAME.
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Source: KitcoNewsNOW - 🏆 13. / 78 Read more »