Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
FxWirePro- Major Crypto levels and bias summary 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
The US ADP Non-Farm Employment Change for March 2025 is due out today, April 2, 2025, at 12:15 GMT. The forecasts for the release widely differ. Some predict a low number of just 4,000 jobs created, which would mark a sharp slowdown from February. Others are calling for a more solid gain of 120,000 jobs, with views ranging between 60,000 and 125,000.
February's ADP report confirmed that private employers hired 77,000 workers, the weakest gain in seven months. Policy uncertainty and consumer spending slowdown are the reasons blamed for employers' hiring reluctance. The service industries experienced gains within leisure/hospitality, professional/business, and financial activities, while losses within trade/transportation/utilities, education/health, and information. Goods-producing industries enjoyed gains in manufacturing and construction.
The influence of the forthcoming report depends on whether it accords with the lower or higher projections. A low reading could be an indication of more cooling in the labor market, while a better-than-forecast reading could mean ongoing strength in private sector employment. Financial markets are likely to respond in line with the deviation from expectations
