Non Farm Employment data will be released tomorrow which is expected to improve by 184k from December disappointing result of 74k.
According to ADP the Non Farm Employment increased by 175k that was below expectation of 191k. Last month employment rose to 238k, highest since Jan,12. After below expected data release by ADP investors are expecting negative result of Non Farm Payroll that will be released by Bureau of Labor Statistics, a Govt wing.
In Manufacturing data release it was observed that the employment index fell to 52.3 in January from 55.8 in December but yesterday in Service PMI employment grew by 0.8 percentage point to 55.6.
Last month there was seen improvement in Consumer Confidence. The index gained to 80.7 from earlier 77.5 on 28th Jan. It indicates optimism of consumers towards economy.
Yesterday Gold prices crossed level of $1270 on anticipation of weak economic prospect but retreated quickly to previous level. On Friday we are expecting volatile movement in precious metals and crude oil prices.