Germany Seen Gaining as U.S. China-Built Ship Fees Reshape Trade 
Japan Wholesale Inflation Jumps as Energy Shock Drives Import Costs Higher 
Iran Targets U.S. Bases in Bahrain, Kuwait as Hormuz Conflict Escalates and Oil Prices Jump 
Oil and LNG Tankers Turn Back as Strait of Hormuz Security Risks Escalate 
Japan Eyes Bigger GPIF Investment in Domestic Assets as BOJ Independence Concerns Grow 
Venezuela Earthquake Death Toll Climbs to 3,811 as Government Seeks Sanctions Relief 
China Inflation Cools in June as Producer Prices Hit Four-Year High 
Gold Prices Slip as Stronger Dollar, Fed Rate Outlook Weigh on Bullion 
US Stock Futures Steady as US-Iran Tensions and Fed Inflation Concerns Weigh on Markets 
Oil Prices Slip but Stay on Track for Weekly Gains as U.S.-Iran Conflict Persists 
Today ADP employment numbers were released from US for the month of Janaury.
ADP number shows the US labor markets are showing a lot of volatility lately.
There are two things to note in the headline that,
- January begins solid.
- December payroll got a revision. It has now revised to 151,000 (down from 153,000).
Key highlights
- Non-farm private sector employment grew at 246,000 in January, median expectation was for 165,000.
- Small business sector hiring at 62,000, compared to 18,000 last month.
- Employment in franchise increased to 23,300 compared to last month’s 23,300.
- Mid-sized companies added 102,000 jobs compared to last month’s 71,000 jobs.
- Large sector added just 83,000 compared to last month’s 63,000 jobs.
- Manufacturing sector payroll registered 15,000 jobs gains compared to 9,000 job losses last month.
- 46,000 jobs were gained in goods producing sector, compared to last month’s 16,000 jobs losses.
- Construction sector saw 25,000 jobs gains, compared to last month’s 2,000 jobs loss.
- Services sector employment remains robust as payroll added 201,000 people in January. December gains were 169,000.
The dollar index is currently trading at 99.78, up 0.25 percent for the day so far.
