This is the non-farm data that the market is most eager to see! The USA added 177,000 jobs, reinforcing the "soft landing" path, and the expectations for interest rate cuts remain strong.

In April, employment growth in the USA was strong, and the unemployment rate remained stable, indicating that the uncertainty of the trade policies led by Donald Trump has not had a substantial impact on hiring plans.

Zhitong FinanceMay 2 09:16 ET

A fund that has outperformed 98% of its peers believes that the market has overreacted to the sell-off caused by tariffs.

A French Fund manager is currently buying Stocks in the struggling European Industrial Sector, betting that investors have overreacted to USA President Donald Trump's tariffs. Leonard Cohen of Ginjer Asset Management hopes this contrarian bet will replicate his successful forecast on Bank Stocks in 2019, a strategy that has seen his Fund outperform peers over the past few years. Cohen's Ginjer Actifs 360 Fund currently holds approximately 0.173 billion euros (0.196 billion USD) in European Assets, and the Fund's performance over the past five years has been

Global Market ReportMay 2 06:40 ET

1.20 or 1.10? EUR/USD traders wait for non-farm data to guide them.

On Friday (May 2nd), during the European session, the EUR/USD exchange rate rose slightly and is currently trading near 1.1330. Market focus is shifting to the upcoming US non-farm payroll data, which will determine the exchange rate trend in the short term. The technical analysis shows that EUR/USD is now near a key Resistance level, with significant uncertainty in the future direction. Fundamental Analysis indicates that the current trend of the dollar shows a clear correction phase. According to Reuters, the dollar trade-weighted index fell to 130.13 in April, significantly lower than the nearly 20-year peak of 135.08 reached in January. It is noteworthy that the dollar showed extreme overbought conditions when it reached its peak.

FX678 FinanceMay 2 05:07 ET

Trump's tariff "bomb" triggers economic recession alerts, with April job growth in the USA potentially hitting the brakes sharply.

Trump's tariff "bomb" is igniting uncertainty in the USA economy! Data released on Friday (May 2nd) may show that the USA's employment growth in April has significantly slowed due to the impact of aggressive tariff policies. Although businesses are still stockpiling labor to keep the market active, economists warn that if the policy deadlock continues, the risk of economic recession will sharply increase. 1. Tariff Shockwave: Businesses in "paralysis mode". On April 2nd, Trump announced a 145% tariff on Commodities from major Asian countries, triggering a global trade war, leading companies to rush to import before the tariffs take effect, resulting in a contraction in first-quarter GDP. Economists point directly to the policy.

FX678 FinanceMay 2 02:33 ET

It is estimated that the USA will add 135,000 non-farm jobs in April, with an unemployment rate of 4.2%.

The median increase in non-farm employment is projected to be 135,000 in April 2025. If the actual growth is 135,000, it will indicate a decrease compared to last month and will also be lower than the 12-month average of 156,800. In March 2025, non-farm employment increased by 228,000, exceeding the estimated median of 130,000. In the past 12 months, non-farm employment surpassed the estimated median in 5 months and fell below it in 7 months. Over the past 5 years (60 months), non-farm employment exceeded the estimated median 57% of the time.

FX678 FinanceMay 1 22:29 ET

Key employment data is about to be released. Is the USA's economic outlook hanging by a thread?

The USA Department of Labor will release the April non-farm employment report, and the market is highly focused on this data, attempting to determine whether the USA economy is temporarily affected by tariff policies or is heading towards a more serious long-term decline.

Zhitong FinanceMay 1 19:00 ET