Read more
1:43 PM · 4 November 2020

Investors ignore weak ADP reading

US500
Indices
-
-

Markets are fully focused on the US presidential elections. Incoming reports hint that Democrats may win the White House. Investors completely overlooked the ADP employment report for October that was released at 1:15 pm GMT. Reading was expected to show a 650k employment increase in the previous month, down from 753k in September (revised higher from 749k). However, the report turned out to be a huge disappointment as it showed an employment gain of just 365k! If confirmed by the NFP report on Friday, it would mean that US labour market recovery has flattened before pandemic losses could be regained. Markets did not react to the release but investors should keep in mind that, as Congress is likely to remain divided after elections, gridlock over the new stimulus bill may continue.

US500 completely ignores disappointing ADP reading and continues to trade near overnight highs at 3,430 pts. Source: xStation5

14 November 2025, 6:50 PM

Daily summary: Wall Street tries to stop the sell-off 📌Gold down 1.8%, Bitcoin loses 4.5%

14 November 2025, 1:31 PM

BREAKING: Canadian Wholesale & Manufacturing Sales higher than expected 📊USDCAD reacts

14 November 2025, 11:14 AM

BREAKING: EU GDP data slightly above expectations! 📈💶

14 November 2025, 10:28 AM

DE40: European markets extend decline

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits