FIG market fears the payrolls effect on year-end capital rush

By Tom Porter
05 Dec 2013

FIG bankers are concerned that an anticipated positive non-farm payrolls number from the US on Friday could shut down a capital market that has shown considerable strength this week.

The ADP National Employment Report on Wednesday showed 215,000 jobs were created by the US economy in November, while its October figure was revised up to 170,000 from 130,000. The data tends to closely track the government’s non-farm payrolls figures, leading to anticipation of a positive outcome when ...

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