Japan Economy Grows 1.1% in Q2 as Consumer Spending Stalls 
Citadel Warns High Treasury Yields Pose Broader Market Risks 
UK Wage Growth Holds at 3.5% as Unemployment Rises 
US Dollar Slips as Soft Economic Data Eases Fed Rate Hike Expectations 
US Dollar Hovers Near Multi-Month Lows as Fed Rate Hike Bets Ease 
S&P 500 Retreats From Record High as AI Stocks Slide, Retail Sales Disappoint 
Wall Street Falls as Oil Prices Rise, Fed Minutes and Retail Earnings in Focus 
Gold Prices Hold Near $4,400 as Fed Rate Hike Bets Fade 
Oil Prices Rise as U.S.-Iran Tensions Grip Strait of Hormuz 
BSP Sees Philippine Inflation Easing, Keeps Policy Options Open 
Add as a preferred source on Google
Today ADP employment numbers were released from US for the month of Janaury.
ADP number shows the US labor markets are showing a lot of volatility lately.
There are two things to note in the headline that,
- January begins solid.
- December payroll got a revision. It has now revised to 151,000 (down from 153,000).
Key highlights
- Non-farm private sector employment grew at 246,000 in January, median expectation was for 165,000.
- Small business sector hiring at 62,000, compared to 18,000 last month.
- Employment in franchise increased to 23,300 compared to last month’s 23,300.
- Mid-sized companies added 102,000 jobs compared to last month’s 71,000 jobs.
- Large sector added just 83,000 compared to last month’s 63,000 jobs.
- Manufacturing sector payroll registered 15,000 jobs gains compared to 9,000 job losses last month.
- 46,000 jobs were gained in goods producing sector, compared to last month’s 16,000 jobs losses.
- Construction sector saw 25,000 jobs gains, compared to last month’s 2,000 jobs loss.
- Services sector employment remains robust as payroll added 201,000 people in January. December gains were 169,000.
The dollar index is currently trading at 99.78, up 0.25 percent for the day so far.
