US just keep powering along, two important data from last night:
United States ADP Employment Change
Private businesses in the United States hired 246 thousand workers in January of 2017 compared to a downwardly revised 151 thousand in December and well above market expectations of 165 thousand. It is the biggest job gain in seven months.
United States ISM Purchasing Managers Index (PMI)
The Institute for Supply Management’s Manufacturing PMI rose to 56 in January of 2017 from a downwardly revised 54.5 in December and well above market expectations of 55. It is the highest reading since November of 2014 as new orders, production and employment increased and business conditions are seen generally positive.
Sorry to say but can‘t see the DOW crack on good news.
DYOR
Frank
Iron Ore Price, page-17961
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