US Economics Health depends on viewing angle

Based on the ADP salaries report and the US Book Book Federal Reserve, the United States economy seems to slow down. The number of private sector jobs, created in May, increased by 37,000, which is almost three times lower than the Dow Jones forecast. And the Fed report notes that “economic activity slightly decreased from the previous report” published on April 23.

However, the ADP report does not always match the work of the Labor Department, which will be released on Friday. For example, the former stated this Private companies added 107 000 Work in January 2024 but the latter published 353 000 profits in non -west pay During the same period.

Meanwhile, the “beige book” report is a Fed based on “Reports from Directors of Banks and Branches” and “Interviews and Online Antuits”. So, while it provides a useful shot of economic sentiment, it is a “quality” report, as the Fed recognizes, which may not save economic data.

According to Albert Einstein The theory of relativityThe speed at which the object moves depends on the observer position. The reports on Wednesday may give an idea of ​​the economy, but they can be skewed in the viewer’s point of view.

Dow delays consecutive income
Main stocks in the US were ambiguous on Wednesday. A S&P 500 was equal and Nasdaq Composite Added 0.32%. Though Dow Jones Industrial Medium Slipped by 0.22%, graduating from a four -day winning series. Asia-Pacific markets are traded on Thursday. Hong Kong Hang the Index grew by 0.47% at 13:30 in Singapore as Asian technology such as Meituan. Alibaba and Kuaishou Technology Expanded profits for the second session.

A sloping labor market in the US
Trump called On the chairman of the federal reserve system Jerome Powell to ‘Lower the speed“After processing wages reported about the firm ADP The lowest job creation in the private sector In years. Salaries increased by only 37,000 in May, below revised 60,000 in April, and the Dow Jones forecast is 110,000. It was the lowest monthly total work compared to the ADF’s count since March 2023.

“Beige Book” Fed “Messages of the Slowness of the US Economy”
A US economy has been entered into the last six weeks As the hiring slowed down, and consumers and businesses are worried about rising tariffs, according to Federal Reserve Report on Wednesday. In his periodic “Beige Book” Short information on the conditions of the Central Bank noted that “economic activity slightly decreased from the previous report” published on April 23.

Circle the prices on its ipo higher than expected
Circle the Internet at the price of its initial public donation of $ 31 per share At the end of the state Wednesday. This is above the expected range from $ 27 to $ 28 and gives the company a total market value of $ 6.8 billion. New York circle, Its founder and some original shareholders raise $ 1.05 billion in Offer 34 million shares.

The White House imposes a ban on travel
Trump’s administration has signed an announcement on Wednesday suspension of travel to the US for citizens from 12 countries: Afghanistan, Myanmar, Chad, Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen. Referring to national security interests, the announcement states that the identified countries lacked sufficient check -up and checking processes, which may increase the risk of terrorism for America.

(Pro) Financial Sector Settings
The financial sector, which is considered as a potential winner of the Trump administration, begins to cool. While the group still exceeds the S&P year today, the space is closed in recent weeks, writes Wolfe Research Rob Ginsberg analyst, which emphasized one aspect of the sector This is “most concerned.”

Automobile industry sounds alarm when rare curbs in China start bite

Several European factories for car suppliers and production lines have already been closed from recent China Export of control itemsAccording to Europe, the Clepa Car Association, which warned of more disconnect as reserves.

Split – Note On Wednesday, while hundreds of applications for export licenses were submitted to the Chinese authorities since early April, only about 25% were approved.

The Chinese Ministry of Commerce in early April imposed export restrictions on several rare elements and magnets that are widely used in the automotive, protected and energy sector. Serbs are part of the response to Trump’s tariffs on Beijing’s products.