ADP Financial News

Quiver Quantitative — In a recent shift in the U.S. job market, companies have started to ease up on hiring, with November witnessing a notable reduction, particularly in the manufacturing sector. According to the ADP Research Institute and Stanford Digital Economy Lab, private payroll saw an increase of just 103,000, falling short of the anticipated 130,000 increase forecasted by economists. This downturn marks the lowest level of manufacturing job growth since the early stages of 2022.

By Lucia Mutikani

The EUR/USD faces a key test in the next week and a half. We will have lots of key data and rate decisions from both the Federal Reserve and European Central Bank to come during this period. Ahead of these big events, the EUR/USD was down for the second consecutive week, eating into the impressive gains made last month. But will it bottom around the 1.0700-1.0750 key support area?

Investing.com — U.S. private payrolls growth unexpectedly slowed in November, in a sign that the Federal Reserve's aggressive campaign of interest rate hikes could be impacting labor demand.

FreedomWorks senior economist Steve Moore provides insight on the state of the economy on 'Making Money.'

By Amanda Cooper

Investing.com — The U.S. dollar edged lower in early European trade Wednesday, but remained near a two-week high, ahead of key employment data, while the euro headed lower after weak German factory orders.

Investing.com -- Markets are awaiting the release of more labor market data on Wednesday, as investors attempt to gauge if the Federal Reserve may soon start to retreat from a period of aggressive policy tightening. Elsewhere, Elon Musk's artificial intelligence start-up xAI looks to raise $1 billion from investors, while Nvidia (NASDAQ:NVDA) boss Jensen Huang says that the AI semiconductor manufacturer is working closely with the U.S. to develop chips that comply with Washington's curbs on exports to China.

European shares gained on Wednesday on rising bets of a peak in global interest rates, led by miners riding on higher metal prices, while Germany's benchmark DAX scaled a fresh all-time high. The pan-European STOXX 600 index climbed 0.1% by 0809 GMT, while the Germany's DAX also rose 0.1%. Basic resources gained 1.3% tracking a rise in prices of most base metals. Investors now await euro zone construction purchasing manager's index data for November, along with October retail sales to gauge the strength of the European economy amid recession concerns. Focus was also on U.S.

A look at the day ahead in European and global markets from Kevin Buckland

Investing.com — US stock futures were trading mostly flat on Tuesday evening, marking a second consecutive day of decline for the S&P 500 and the Dow Jones Industrial Average.

bond yields continued to decline. Japanese government bond yields dipped to the lowest since mid-August as U.S. Treasury yields hovered close to a three-month trough. Meanwhile, crude oil sank to a nearly five-month low, while bullion held steady after dropping back from an all-time high.

In November, the dollar index experienced a correction as bullish momentum waned. The greenback eventually breached the range between 105 and 107 that had persisted throughout October.

Investing.com — US stock futures were trading in a mixed fashion during Sunday's evening deals, after a positive week from major benchmark averages as the S&P 500 marked a new high for 2023.

A California advisor who managed $197 million in client assets at Morgan Stanley has jumped to Raymond James & Associates, the firm’s employee channel, Raymond James announced Thursday.

wages increase by 7.2% on average in 2022 compared with 7% for women, according to a new report. Globally, the paycheque increase was 6.7% on average for men compared with 6% for women, says the ‘ADP Research Institute's People at Work 2023: A Global Workforce View’ report. The report, based on a survey of more than 32,000 workers across 17 countries, shows that the gender pay gap in India was lower than the global average. It says male and female workers in India expect their pay cheques to increase at the same rate-- 8%--over the next 12 months. Some 63% of the Indian survey participants expressed confidence in their company's advancement toward achieving gender pay equality over the last three years. This surpasses countries in the Asia-Pacific (APAC) region, with Australia at 34%, China at 51% and Singapore at 31%. While men received slightly higher pay raises last year, they are still more inclined than women to express dissatisfaction with their compensation.

Also read: For India to become an aviation hub, first fix airport terminal connectivity Groupe ADP operates the two airports in Paris and has stakes in TAV Airports - the Turkish company, which owns or operates airports across multiple countries from Kazakhstan to Chile. The investments were linked to GMR infrastructure, the listed company, reorganising itself into GMR Airports and the non-airport assets being separated. For the nine months ended September, total traffic at the two airports in Paris stood at 75,563,078.

Bitcoin recently tested a significant resistance level in its long-term outlook, spurred by this week's ascent following the Federal Reserve's decision to once again keep interest rates unchanged and deliver a reassuring message about its monetary policy.

Investing.com — The Dow ended higher Wednesday following a slump in Treasury yields after the Federal Reserve kept rates steady for second-straight meeting.

Investing.com — U.S. stocks are rising in early trading on Wednesday as investors await the latest Federal Reserve decision on interest rates later today.

FreedomWorks senior economist Steve Moore provides insight on the state of the economy on 'Making Money.'