November 18, 2025
United States:
US Companies Shed 2,500 Jobs as October Drew to a Close
US companies shed 2,500 jobs per week on average in the four weeks ended Nov. 1, according to data released Tuesday by ADP Research.
The decline suggests the labor market lost momentum in late October. ADP’s monthly jobs report, which was released Nov. 5, showed private employment increased 42,000 after declining in the prior two months.
Europe:
ECB Lowers Capital Bar for Banks After Strength in Stress Test
The European Central Bank slightly lowered the amount of capital that it tells banks to hold, supporting their capacity to make shareholder payouts after sailing through a financial health check earlier this year.
On aggregate, banks will see their minimum bar for common equity Tier 1 capital fall to 11.2% of their risk-weighted assets next year from 11.3% in 2025, the ECB said in a statement on Tuesday in Frankfurt.
Asia:
Japan’s Katayama Strengthens FX Warning as Yen Slides Past 155
Japan’s Finance Minister strengthened her warning over the yen’s slide as the currency fell past the 155-per-dollar level, as reports of a larger-than-expected economic package fuels the view that Prime Minister Sanae Takaichi’s pro-stimulus stance may slow Bank of Japan rate hikes.
“I’m seeing extremely one-sided and rapid movements in the currency market,” Finance Minister Satsuki Katayama told reporters on Tuesday. “I’m deeply concerned about the situation.”
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