Analysts at TD Securities note that the U.S. ADP employment data for September largely met estimates, posting a 135k gain versus consensus expectations at 140k.

• “Last month's number was revised lower, which was expected given it overstated the private employment gains in the August payrolls report. In the details, employment in the goods-producing sector rose by 8k in September, while service sector jobs increased by 127k.
• All in, the ADP report supports our and the market's view of a ~150k gain in payrolls for September (out Friday).”