EUR/USD
1.17584
0.567%
Gold
4682.91
2.753%
Oil
92.235
-7.669%
USD/JPY
156.156
-1.101%
GBP/USD
1.36148
0.566%
GBP/JPY
212.607
-0.539%
Real-time News
Indian government data shows that diesel sales rose 0.9% year-on-year in April, while gasoline sales rose 6.8% year-on-year.On May 6th, ADP reported that private sector job growth in April was stronger than expected, further indicating a stable labor market. This performance also reduces the need for the Federal Reserve to cut interest rates against a backdrop of persistently high inflation. The agency stated that businesses added 109,000 jobs in April, a significant rebound from the revised 61,000 in March and higher than the Dow Jones consensus forecast of 84,000; the March figure was revised down by 1,000 jobs. Regarding wages, the annualized wage growth rate for retained employees was 4.4%, a slight decrease of 0.1 percentage points from the previous value. Consistent with previous trends, job growth was mainly concentrated in a few key industries, indicating that while overall hiring is resilient, its distribution across industries is uneven. Education and healthcare services continued to lead the way, adding 61,000 jobs. Meanwhile, the Trump administrations policies to encourage the return of manufacturing through tariffs had a limited impact on employment, with only 2,000 new jobs added in these sectors. In terms of company size, small businesses with fewer than 50 employees added 65,000 jobs, while large businesses with more than 500 employees added 42,000 jobs.On May 6, according to Liaoning Daily, Xu Kunlin, Secretary of the Liaoning Provincial Party Committee, conducted a special investigation into the development of the digital economy in industrial parks and enterprises in Shenyang. During the investigation, Xu Kunlin pointed out that it is necessary to coordinate the promotion of digital industrialization and industrial digitalization, build the Liaoning Data Element Comprehensive Pilot Zone at a high level, deepen market-oriented allocation reforms, and promote the high-quality supply and compliant and efficient circulation of data elements; focus on key areas such as integrated circuits, industrial software, and artificial intelligence, attract and cultivate ecosystem-leading enterprises and specialized, refined, and innovative enterprises in niche sectors; deeply implement the "Artificial Intelligence+" action, accelerate the "intelligent transformation and digital transformation" of traditional industries, comprehensively empower all sectors, and create a shared digital industrial ecosystem.May 6th - ADPs national employment report released Wednesday showed that U.S. private sector job growth exceeded market expectations in April. Private sector employment increased by 109,000 in April, exceeding market expectations, while Marchs increase was revised down to 61,000. The U.S. labor market remains in a state of "low hiring, low layoffs." Data released by the U.S. government on Tuesday showed that job openings declined in March, but hiring rebounded to a more than two-year high. According to a survey of economists, non-farm payrolls are expected to increase by 62,000 in April, after a rebound to 178,000 in March. Private sector employment is expected to increase by 75,000 in April, after a surge of 186,000 in the previous month. The unemployment rate is expected to remain unchanged at 4.3%. A survey released last week by the Conference Board showed that the percentage of consumers who felt "jobs were hard to find" decreased in April, while the percentage who felt "jobs were plentiful" remained largely unchanged.ADP report: For retained employees, salary growth slowed slightly to 4.4%. For employees who changed jobs, annual salary growth remained stable at 6.6%.
