Daily
Market Color
06/07/2013
Today turned out to be uneventful
and quiet due to the lack of data on the economic calendar. However, there was
one report that was sure to move markets, Nonfarm Payrolls (NFP).
NFP for the month of May came in
marginally higher than expected, 175k vs 167k.
The Federal Reserve Board of
Governors released their Consumer credit report which came in below consensus
by a wide mark, 11bn Vs 14bn.
Overseas in China, their
merchandise trade report was a stark contrast to the previous reading. Exports
and imports were practically flat on a month over month basis. The Chinese
Trade Surplus came in at 20.43bn Vs econoday’s consensus of 19.44bn.
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