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According to the Iranian Students News Agency, nuclear talks between Iran and the United States will be held in Oman on Friday, with a format similar to previous rounds.February 4th - US businesses added fewer jobs in January than expected, indicating a continued slowdown in the labor market at the start of the year. ADP Research data released Wednesday showed that private sector employment increased by only 22,000 jobs in January, below market expectations, and the previous months figure was revised downwards. Due to the partial shutdown of the federal government, the official data from the US Bureau of Labor Statistics was delayed, making ADP data likely the most complete reference for the January labor market this week. Despite some signs of stabilization in recent months, the lower-than-expected increase in private sector employment suggests that the labor market continued to cool in January. ADP data showed that education and healthcare services led hiring growth, while professional/business services saw its largest job decline since June of last year.ADP report: Salary growth for employed workers remained largely unchanged in January, with a year-over-year increase of 4.5%. However, the year-over-year salary increase for those changing jobs slowed to 6.4% from 6.6%.ADP report: The total number of new jobs in December has been revised from 41,000 to 37,000.Financial website InvestingLive commented on the US January ADP employment data: The situation is quite severe, with widespread loss of various white-collar jobs, while net job growth is almost entirely concentrated in government-related fields.

Two Trades to Watch: DAX, GBP/USD

Jimmy Khan

May 07, 2022 10:43


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The DAX is falling as industrial output declines.


After a slaughter on Wall Street that saw the Nasdaq finsh 5% down, European equities have begun in the red, extending losses from the previous day.


Fears of inflation, stagflation, and recession are weighing on the market as we approach the weekend. The DAX is expected to shed 1.4 percent this week, marking the fifth consecutive week of losses.


In March, German industrial output decreased -3.9 percent on a month-over-month basis, down from 0.2 percent in February and considerably below the -1 percent drop forecast. The negative report comes on the heels of a sharp drop in German manufacturing orders in March. The data represents the economic effect of the Russian conflict on Germany and the Eurozone as a whole.


Germany does not have any additional statistics due today. Sentiment and the US NFP announcement will affect European indexes.

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