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US December ADP report above forecasts does Nasdaq 100 no favours

The December ADP private payroll report has just been released. As noted here earlier, this was expected to show a gain of between 115-125k. The actual number was much better than forecast, at 164k. The immediate reaction across the markets has see the USD/JPY lift again and the EUR/USD and GBP/USD have both dropped on the news. However, the moves there are slight at the moment and that is for all the usual reasons, surrounding the validity of this data when it comes to assessing what the monthly jobs report will reveal tomorrow. The US equity futures are lower too and the Nasdaq 100 remains in the red this afternoon, mostly due to another analyst downgrade on Apple (AAPL) and not this payroll data. The Nasdaq 100 is currently priced to reopen at around 16,335, where the index closed last night at 16,368 
 

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