The latest Non-Farm Payroll data from the US is due out this week, Mads Koefoed, Head of Macro Strategy at Saxo Bank, believes that July will probably be another “solid” month for the US labour market. Expectations are for somewhere above 200,000 extra jobs, but not as high as the results in June. Better ADP figures and positive jobless claims do suggest a more positive trend. The ADP figures showed 218, 000 extra private sector jobs and jobless claims falling below 300,000. Regarding the unemployment rate, Mads Koefoed expects the number to stay unchanged at around six percent.