Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Today ADP employment numbers were released from US for the month of March.
ADP number shows US economy and its labour markets are quite robust, in spite of global economic slowdown.
There are two things to note even in the headline that,
- Job growth beat expectations, numbers indicate resilient labour market, considering market turmoil in early in the year.
- February payroll marginally revised to 205,000 (down from 214,000).
Key highlights
- Non-farm private sector employment grew at 214,000 in March, median expectation was for 194,000.
- Small business sector hiring at 86,000, compared to 76,000 last month.
- Employment in franchise increased to 22,000 compared to last month’s 18,500.
- Mid-sized companies added 75,000 jobs compared to last month’s 62,000 jobs.
- Large sector added just 39,000 compared to last month’s 76,000 jobs.
- Manufacturing sector payroll added 3000 jobs compared to 9000 jobs lost last month.
- 9,000 jobs were added in goods producing sector, compared to last month’s 5,000
- Construction sector added 17,000 on payroll, compared to last month’s 27,000.
- Services sector employment remains robust as payroll added 191,000 people in March. February gains were 208,000.
Dollar is flat after the data, focus now turns to Friday’s NFP report. Dollar index is currently trading at 94.9, down -0.3% so far today.
