January 7, 2025
United States:
US Companies Added 41,000 Jobs in December, ADP Says
Hiring at US companies rose in December at a moderate pace, pointing to sluggish momentum heading into 2026.
Private-sector payrolls increased by 41,000, according to ADP Research data released Wednesday, after declining in November. The median estimate in a Bloomberg survey of economists called for a 50,000 gain.
Europe:
Euro-Area Inflation Slows to ECB Goal, Backing Steady Rates
Euro-area inflation eased to the European Central Bank’s target, supporting the view of policymakers that interest rates can stay at current levels unless the economic outlook changes significantly.
Consumer prices rose 2% from a year ago in December, down from 2.1% in the previous month and matching economists’ estimates.
Asia:
Japanese Manufacturers Face Fresh Threat on Chinese Export Curbs
China’s ban on exports of products with potential military use to Japan marks an escalation in the diplomatic spat between the countries that could disrupt global supply chains for high-tech components.
Tighter export controls for certain medium and heavy rare earth–related items are also being considered by Beijing, according to state-run China Daily, a step that could deliver another blow to manufacturers in Japan, which relies on China for 70% of its rare-earth imports.
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