US: Trade and employment data in the limelight – TDS

Analysts at TD Securities point out that in the US session, international trade for October will be published at 8:30 ET alongside jobless claims and nonfarm productivity revisions and are going to be the key economic releases for the day.

Key Quotes

“The market looks for the trade deficit to widen to $55bn along with a pullback in jobless claims too 225k and modest upward revisions to productivity (2.3% from 2.2%).”

“ADP employment is projected to show job growth of 195k for October and the market consensus is for the ISM Non-Manufacturing Index to edge lower to 59.0.”