In December 2024, U.S. private businesses added 122,000 jobs, marking the smallest gain in four months and falling short of analysts' expectations of 140,000.
Healthcare continued to drive employment growth, maintaining its leadership in job additions. Leisure and hospitality added 22,000 jobs, reflecting a steady recovery in consumer-facing industries. In contrast, manufacturing faced challenges, losing 11,000 jobs for the third month, signaling ongoing difficulties in the sector.
Table 1: Monthly Jobs Data Comparison (2024), Reuters
Key economic indicators to monitor include Federal Reserve policy, with upcoming meetings and statements offering insights into monetary direction and its impact on market liquidity and interest rates. Inflation data remains critical, influencing purchasing power, corporate profit margins, stock valuations, and bond yields. Additionally, shifts in consumer spending, a key driver of economic growth, could indicate changes in economic momentum and impact various market sectors.
Source: ADP
The euro edged up to $1.1340 as the U.S. dollar weakened on expectations that the Federal Reserve will hold rates steady this week. The yen gained slightly amid ongoing trade talks and a dovish Bank of Japan outlook.
DetailGold hovered near $3,250, on track for its worst week in two months as safe-haven demand eased. Trump signaled hopes for a trade deal with China, India, Japan, and South Korea. The euro stayed above $1.13 after April inflation data beat forecasts, reinforcing ECB rate cut bets.
Detail Trade Optimism Cools Demand for Havens (05.02.2025)The euro dipped to $1.13 after a strong April, while the yen hovered near 146 amid fading safe-haven demand. Gold and silver extended losses as President Trump voiced optimism over trade deals with key Asian partners, easing tariff concerns.
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