December 4, 2024
United States:
US Companies Added 146,000 Jobs in November, ADP Data Show
Employment at US companies remained firm in November, adding to evidence of a slowing but resilient labor market.
Private payrolls rose by 146,000 last month after an October increase that was revised down to 184,000, according to ADP Research Institute data released Wednesday. The median projection in a Bloomberg survey of economists called for a rise of 150,000.
Europe:
ECB’s Rehn Sees More Grounds for December Interest-Rate Cut
The European Central Bank will continue to ease policy in the coming months, Governing Council member Olli Rehn told Finnish newspaper Helsingin Sanomat.
Inflation has slowed to the targeted 2% and euro-area economic growth is fragile, Rehn said in an interview. “These factors have added to the grounds for cutting the benchmark rate in December and this direction in monetary policy is set to continue into the coming months.”
Asia:
BOJ Sells 10-Year Cash Bonds to Ease Shortage Tied to Futures
The Bank of Japan has sold some of its holdings of futures-linked 10-year government bonds to improve the trading liquidity of these securities, which are often used as hedging tools against market volatility.
The BOJ owned ¥8.0262 trillion ($53.5 billion) of the bonds due in March 2032 as of Nov. 29, down from ¥8.2262 trillion on Nov. 20, data released late Tuesday showed.
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