Bonds & Stocks
Bond yields fell across curve after data showed hiring decelerated to the slowest pace in two years. The dollar slipped. The S&P 500 edged up.
Economy
Hiring decelerated to the slowest pace in two years as sectors including business services, education and health shed jobs, pointing to a weakened demand for workers. Private-sector payrolls increased by 37,000 last month, according to ADP Research, lower than all estimates in a Bloomberg survey of economists. That marked the second month in a row when the figures were well below expectations.
World
Global equities hit a record high for the first time since February, as signs of a resilient US economy overshadowed uncertainty around trade negotiations. The MSCI All-Country World Index rose as much as 0.3% to 888.24 points, surpassing the previous high of 887.72 hit in February.