ADP Nonfarm Employment Change: Actual: 41K; forecast 49K; previous -32K
"Hiring has been choppy of late as employers weather cautious consumers and an uncertain macroeconomic environment. And while November's slowdown was broad-based, it was led by a pullback among small businesses" - ADP economist reports.
Lower-than-expected ADP survey data focused on the US labor market is worse than expected. Lower employment growth reduces the chances of the Fed maintaining its conservative monetary policy, which strengthens sentiment around stocks.
Daily summary: Wall Street falls as oil prices rise 🚩 10-year Treasury yields hit their highest level since 2023
EIA raises oil price forecasts 🍳 What did the STEO report show?
Treasury triples bond buybacks, but yields keep rising 🚩 TNOTE at its highest since November 2023
📈 Oil climbs above $100
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.