The ADP non-farm employment data in the United States was released last night, with only 77,000 jobs added by private enterprises in February after seasonal adjustment, far below the economists' expected 141,000. But with the announcement of the 'auto tariffs on Mexico' in the United States being postponed for a month, it has stimulated the market Rebound. (Background: US CPI exceeds expectations, Trump says: Interest rates must be lowered, Putin agrees to ceasefire negotiations, BTC Rebounds breaks through $98,000) The so-called 'small non-farm' ADP employment data was released last night. The report shows that the number of employed people by private enterprises in the United States in February only increased by 77,000 after seasonal adjustment, far below the economists' previous expectation of 141,000, marking the smallest increase since July last year. Nela Richardson, Chief Economist at ADP Research Institute, commented on this report, stating that the uncertainty of US policies and the slowdown in consumer spending may have led to last month's layoffs or slowed hiring pace in US companies, intensifying concerns about the slowdown in the US economy: Our data, combined with recent economic data, show that employers are very hesitant when evaluating future economic conditions. The market is closely watching whether the Fed will initiate interest rate cuts. Federal Reserve (Fed) Chairman Powell stated at a Senate Banking Committee hearing on the 11th of last month that if the labor market unexpectedly weakens or if inflation falls faster than expected to the target of 2%, the Fed may take action to cut interest rates. The CME FedWatch tool shows that although the current market believes that the Fed will probably maintain the Interest Rate unchanged in March and May, the probability of a 1-point Interest Rate cut in June, slightly rose before the release of the ADP data, is currently at 51.6%. The market will be closely watching the non-farm data to be released on Friday night, so investors should be cautious of Fluctuation. The US postponed the 'Auto Tariffs on Mexico' by a month. After the release of the non-farm data, US stocks and BTC both fell, but the White House announced a few hours ago that Trump agreed to postpone the imposition of tariffs on certain cars from Canada and Mexico, and the White House Press Secretary stated that Trump is willing to provide additional tax relief, easing market nervousness and driving the market Rebound. Currently, the official positions of Canada and Mexico are unwilling to accept any tariffs imposed by the United States on their goods, so whether they will make further progress in negotiations with Trump in the future also affects the market trends. After the decline, the US stocks rebounded and rose. The four major US indices began to rebound mid-session and closed with gains: The Dow rose 485.6 points or 1.14% to close at 43006.59 points The Nasdaq rose 267.57 points or 1.46% to close at 18552.73 points The S&P 500 rose 64.48 points or 1.12% to close at 5842.63 points The Philadelphia Semiconductor Index rose 96.29 points or 2.09% to close at 4700.79 points BTC surged to $91,700. BTC fell below $88,000 last night after the ADP employment data was released, but following the announcement by the White House that the car tariffs on Canada and Mexico will be delayed by a month, along with the possibility that Trump may announce BTC reserve incentives at the White House encryption summit, BTC started a wave of Rebound and reached $91,700 before the deadline.
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The postponement of the Mexican car tariffs, the unexpectedly cold non-farm employment! BTC breaks through $91,000, US stocks rise together
The ADP non-farm employment data in the United States was released last night, with only 77,000 jobs added by private enterprises in February after seasonal adjustment, far below the economists' expected 141,000. But with the announcement of the 'auto tariffs on Mexico' in the United States being postponed for a month, it has stimulated the market Rebound. (Background: US CPI exceeds expectations, Trump says: Interest rates must be lowered, Putin agrees to ceasefire negotiations, BTC Rebounds breaks through $98,000) The so-called 'small non-farm' ADP employment data was released last night. The report shows that the number of employed people by private enterprises in the United States in February only increased by 77,000 after seasonal adjustment, far below the economists' previous expectation of 141,000, marking the smallest increase since July last year. Nela Richardson, Chief Economist at ADP Research Institute, commented on this report, stating that the uncertainty of US policies and the slowdown in consumer spending may have led to last month's layoffs or slowed hiring pace in US companies, intensifying concerns about the slowdown in the US economy: Our data, combined with recent economic data, show that employers are very hesitant when evaluating future economic conditions. The market is closely watching whether the Fed will initiate interest rate cuts. Federal Reserve (Fed) Chairman Powell stated at a Senate Banking Committee hearing on the 11th of last month that if the labor market unexpectedly weakens or if inflation falls faster than expected to the target of 2%, the Fed may take action to cut interest rates. The CME FedWatch tool shows that although the current market believes that the Fed will probably maintain the Interest Rate unchanged in March and May, the probability of a 1-point Interest Rate cut in June, slightly rose before the release of the ADP data, is currently at 51.6%. The market will be closely watching the non-farm data to be released on Friday night, so investors should be cautious of Fluctuation. The US postponed the 'Auto Tariffs on Mexico' by a month. After the release of the non-farm data, US stocks and BTC both fell, but the White House announced a few hours ago that Trump agreed to postpone the imposition of tariffs on certain cars from Canada and Mexico, and the White House Press Secretary stated that Trump is willing to provide additional tax relief, easing market nervousness and driving the market Rebound. Currently, the official positions of Canada and Mexico are unwilling to accept any tariffs imposed by the United States on their goods, so whether they will make further progress in negotiations with Trump in the future also affects the market trends. After the decline, the US stocks rebounded and rose. The four major US indices began to rebound mid-session and closed with gains: The Dow rose 485.6 points or 1.14% to close at 43006.59 points The Nasdaq rose 267.57 points or 1.46% to close at 18552.73 points The S&P 500 rose 64.48 points or 1.12% to close at 5842.63 points The Philadelphia Semiconductor Index rose 96.29 points or 2.09% to close at 4700.79 points BTC surged to $91,700. BTC fell below $88,000 last night after the ADP employment data was released, but following the announcement by the White House that the car tariffs on Canada and Mexico will be delayed by a month, along with the possibility that Trump may announce BTC reserve incentives at the White House encryption summit, BTC started a wave of Rebound and reached $91,700 before the deadline.