June 4, 2025
United States:
US Hiring Cools to Slowest Pace in Two Years, ADP Data Show
Hiring decelerated to the slowest pace in two years as sectors including business services, education and health shed jobs, pointing to a weakened demand for workers.
Private-sector payrolls increased by 37,000 last month, according to ADP Research, lower than all estimates in a Bloomberg survey of economists. That marked the second month in a row when the figures were well below expectations.
Europe:
Euro-Zone Private Sector Defies Tariffs to Grow Slightly in May
The euro area’s private sector grew slightly in May, remaining more resilient than initially estimated to the uncertainty created by erratic US trade policies.
The Composite Purchasing Managers’ Index by S&P Global dropped to 50.2 from 50.4 in April, remaining just above the 50 threshold separating growth from contraction, data Wednesday showed.
Asia:
China Bond Futures Trade Dwindles as Market Awaits Xi-Trump Call
Transactions in China’s long-term sovereign bond futures are cooling as traders hold off making bets in the market given continued tariff disputes with the US.
The aggregate volume of futures on Chinese 10-year and 30-year government bonds both fell to their lowest levels since February on Tuesday, according to data from the onshore financial futures exchange.
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