ADP241206P310000
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Automatic Data Processing Newsroom
Dow Closes Above 45,000 for First Time; S&P 500, Nasdaq Reach Fresh Records
New York Foreign Exchange Market: The collapse of the French government dragged down the euro's gains, and the australian dollar underperformed.
After the French government fell due to a parliamentary vote of no confidence, the euro almost erased all previous gains, and the dollar also declined in the New York forex market on Wednesday. The australian dollar underperformed among G-10 currencies. The euro/dollar was roughly flat at 1.0511, having previously risen 0.3% before the French parliamentary vote. The French parliament passed a vote of no confidence against Michel Barnier's government, leading to its downfall. "The moderate market reaction further indicates that many negative factors have already been priced into the euro," said Valentin Marino, head of G-10 forex strategy at Amundi. He stated that market attention is focused on.
The wage growth of the smallest enterprises in the usa has reached its fastest pace in two years.
ADP Research Institute data shows that in November, the wage growth rate of the smallest businesses in the usa accelerated for the first time since early last year. The salaries of companies with fewer than 20 employees increased by 4.2% year-on-year in that month, higher than October's 3.9%, and also the largest increase since early 2022. These micro-enterprises employ more than a quarter of the labor force in the usa, so their accelerating wages may draw the attention of Federal Reserve policymakers, as they are closely monitoring the labor market for signs of rising inflationary pressures. The scale of employment of companies with 20-49 employees is slightly
European bond market: The yield spread between French and German government bonds narrowed ahead of the vote on the motion of no confidence.
As the motion of no confidence against French Prime Minister Castex is about to start, the France-Germany 10-year treasury notes yield spread has slightly narrowed. Traders are also watching for the speech by Jerome Powell, Chair of the Federal Reserve, after the European market close. The spread between French and German government bond yields has narrowed by 2 basis points to 83 basis points, as non-core country bonds led by Italy outperform, boosted by weaker-than-expected US ISM Services Index, final November PMI, and ADP employment data; the Italy-Germany government bond yield spread has narrowed to its tightest level since November 2021. German bonds have underperformed, with the money market focusing on Europe.
November Private Job Growth Misses Views as Pay Gains Accelerate, ADP Data Show
S&P and Nasdaq on Track for Third Record Close This Week | Live Stock
ADP +146K: Lighter Than Expected
The November non-farm payroll report shows that usa companies added 0.146 million jobs in November, which is lower than expected.
Data from the ADP Research Institute and Stanford Digital Economy Lab shows that ADP reported that usa businesses added 0.146 million jobs in November. The forecast from 25 economists was 0.15 million, with a range of 0.1 million to 0.19 million. Usa businesses added 0.184 million jobs in October.
U.S. Hiring Cools as Manufacturing Struggles, ADP Reports
ADP National Employment Report: Private Sector Employment Increased by 146,000 Jobs in November; Annual Pay Was Up 4.8%
Fresh Closing Highs from S&P 500 and Nasdaq | Wall Street Today
ADP Jobs Data, Services PMI, and Fed's Powell Speech Top Wednesday's Agenda
Tuesday S&P 500 Pulls Back From Highs, Nasdaq Climbs | Live Stock
ADP to Present at Upcoming Investor Conference
S&P 500 and Nasdaq Hit Closing and Trading Highs Monday | Wall Street Today
December Starts With a Mixed Market | Live Stock
Automatic Data Processing, Inc. (ADP): A Bull Case Theory
Wednesday Ends With Index Decline | Wall Street Today
'Bunker' and 'Booster' Stocks in the U.S. – Which Would Perform Better in a Downturn Vs. Upturn?
Dow Hits Another Record, Core PCE 2.8% as Expected | Live Stock