ADP estimates a decrease of 11,250 private sector jobs in October
ChainCatcher news, according to Golden Ten Data, employment data company ADP estimates that in the four weeks ending October 25, the private sector reduced 11,250 jobs per week. This is the latest data in ADP's weekly data series, which aims to more closely replicate the non-farm payroll report.
After the data was released, the US Dollar Index (DXY) plunged in the short term, non-US currencies collectively rose, and spot gold edged higher.
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Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
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