In a striking reversal of fortunes, equities in developed markets ex-US are now leading the major asset classes in 2025 while US shares are posting a modest loss year to date, based on a set of ETFs through Wednesday’s close (Mar. 5).
Daily Archives: March 6, 2025
Macro Briefing: 06 March 2025
Hiring by US companies slowed sharply in February, according to the ADP Employment Report. Employers added 77,000 workers last month, well below expectations and January’s 186,000 increase. “Policy uncertainty and a slowdown in consumer spending might have led to layoffs or a slowdown in hiring last month,” said ADP’s chief economist, Nela Richardson. “Our data, combined with other recent indicators, suggests a hiring hesitancy among employers as they assess the economic climate ahead.”
