The health of the US economy depends on the perspective

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. Pan -European Stoxx 600 index grew by 0.47% As the EU Trade Head said, there was negotiations with the US ‘Coming in the right direction. ‘Separately, Bulgaria on Wednesday was approved to join the eurozone.

“Extremely difficult” to conclude with China: Trump
US president Donald Trump said on Wednesday about social truth that it was “extremely difficult” Command the deal with your Chinese colleague Xi Jinping. Monday is a high -ranking White House official said CNBC that Trump and Si will probably perform this week. Washington and Beijing accused each other May 12 for violation of the trade agreement reached in Switzerland.

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.

(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.”

AI, Trade and $ 24 Socks: Insohuration SXSW in London

Southwest, or SXSW, is a festival held in Austin, Texas, every year that brings together great names in music, cinema, art and technology. The organizers brought the event to London for the first time this week.

This may be a known event in the US, but it has not definitely reached the same level of recognition in Britain.

“What is it?” – asked the pedestrian, who was passing the London sign Sxsw.

Arjun Harpal CNBC looked at what was happening inside.