Choppy Trading ahead of ECB, US Nonfarm Payrolls
dD8fF4wZ4bFinancial markets had a choppy day, as investors adopted a cautious stance ahead of the ECB meeting as well as the US payroll report due tomorrow. The dataflow was mixed. While the ADP employment data was solid, the market was concerned over whether it could be translated to payroll data. In the Eurozone, the services PMI was revised modestly lower in January.
