Instant view: Private sector adds 110,000 jobs in October

Reuters

COMMENTS:

OMER ESINER, CHIEF MARKET ANALYST, COMMONWEALTH FOREIGN EXCHANGE, WASHINGTON

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"It was mostly in line with expectations. It's not likely to prompt any major adjustment to Friday's forecast. So I think the data is likely to take a backseat to the Fed announcement later today as well as ongoing developments in Europe."

PETER JANKOVSKIS, CO-CHIEF INVESTMENT OFFICER AT OAKBROOK INVESTMENTS LLC, LISLE, ILLINOIS

"I'd suspect the reaction to that number should be positive.

"It is not a huge amount better, but the fact that it was better than expected and there was a revision in the last month's number is a pretty encouraging sign.

"Certainly this is encouraging now, but I think Europe is the big show and what (markets) are watching right now."

MARKET REACTION:

STOCKS: U.S. stock index futures add to gains.

BONDS: U.S. Treasuries prices add to losses, fall in 30-year long bond price briefly deepens to two points on day.

FOREX: The dollar slightly extends losses versus euro.

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