Instant view: Private sector adds 110,000 jobs in October
COMMENTS:
OMER ESINER, CHIEF MARKET ANALYST, COMMONWEALTH FOREIGN EXCHANGE, WASHINGTON
"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.