Web Trader MT5 
US Private-sector employment rose modestly in October, signaling some resilience in the U.S. labor market despite broader economic concerns, according to the latest data from ADP. The report showed a gain of 42,000 jobs, which was higher than market expectations for 32,000 and reversing September’s 29,000 job loss. The report also showed that tech-related information services lost 17,000 jobs, and manufacturing continued to decline despite Trump’s tariffs.
Wage growth held steady, with pay up 4.5% for job stayers and 6.7% for job switchers. Due to the government shutdown, ADP’s data currently provides the main labor signal ahead of upcoming reports on layoffs and jobless claims as the Bureau of Labor Statistics data is not available . The Fed, which recently cut rates by 25 basis points, continues to monitor labor market weakness as inflation concerns ease.
In early trading today, U.S. stock futures edged slightly lower as investors balanced optimism over a potential rollback of Trump tariffs with easing fears about overvalued AI stocks. S&P 500 futures slipped 0.2%, Nasdaq 100 futures fell 0.3%, and Dow futures dropped about 0.1%. Market sentiment improved after Supreme Court justices signaled skepticism toward the legality of Trump’s sweeping tariffs, raising expectations for a ruling that could unwind parts of his trade policy and lift equities.
AI-linked stocks began to rebound from earlier valuation concerns, led by Advanced Micro Devices, which rose more than 2% after reporting stronger-than-expected Q3 results.
Snap shares jumped 25% after the social media company announced a $500 million share buyback program and delivered upbeat fourth-quarter revenue guidance. The rally was further fueled by news that Perplexity AI will pay Snap $400 million to integrate its AI-powered search technology into Snapchat, signaling the company’s deeper push into artificial intelligence and new monetization opportunities.
Asia-Pacific markets rose on Thursday, tracking Wall Street’s gains after AMD’s strong third-quarter results lifted artificial intelligence-related stocks. Japan’s Nikkei 225 gained 1.4% and the Topix climbed 1.1%.Hong Kong’s Hang Seng Index added 0.72%, though CSI 300 was little changed.
The crypto market also recovered from the heavy losses earlier in the week. Bitcoin rose 2.3% yesterday, recapturing the $100,000 level and heading towards the $105,000 level. Ethereum gained 4.2% to reach $3,440 lifting altcoins with it.
In the commodity market, gold and silver recorded modest gains yesterday as the US dollar weakened. Gold rose 1.3% to $3,981 nearing the psychological level $4,000. Silver gained 1.8% and is currently trading at $48.35 per ounce.
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