Lloyds Bank: US Data Preview

Quotes from Lloyds Bank

• The February US ADP report will attract significant interest this afternoon as a potential guide to Friday's payrolls report. We are looking for indication of a twelfth consecutive month of employment growth above 200k, although earnings growth on Friday will arguably receive as much attention as markets try to gauge the likely timing of Fed tightening this year. For the ADP today, we look for a rise of 240k. 
  
  
• The February non-manufacturing ISM survey is also released and we expect it to rise to 57.0, despite the small dip in the manufacturing survey which was partly related to strikes at West Coast ports.