U.S. June ADP Jobs Report Expected at 78,000 to 125,000 Ahead of 20:15 Release

A range of institutions expected the U.S. June ADP employment figure, due at 20:15, to come in between 78,000 and 125,000, compared with a prior reading of 118,000. According to Jin10, Sparta Securities forecast 78,000, Standard Chartered forecast 90,000, Oxford Economics forecast 105,000, and Deutsche Bank forecast 110,000. ING forecast 110,000, Sumitomo Mitsui forecast 113,000, BNP Paribas forecast 115,000, and Comerica Bank forecast 115,000. Bank of Montreal forecast 117,000, Monex put the figure at 118,000, Goldman Sachs forecast 120,000, and Helaba forecast 120,000. Scotiabank forecast 120,000, HSBC forecast 123,000, and Mizuho forecast 125,000. Reuters’ consensus expectation was 122,000.