US private employers shed 32,000 jobs in November

US private payrolls experienced a decline in November, with small businesses shedding jobs, reflecting ongoing challenges in the labor market. This downturn follows a trend of decreasing payrolls, as reported by ADP Research, which indicated an average loss of 13,500 jobs per week in the four weeks leading to November 4.

Scott Bessent stated that China is on track to fulfill its commitments regarding US soybean purchases, indicating a positive momentum in agricultural trade relations between the two nations. This follows a series of significant transactions, including China's largest soybean buy from the US in two years, which has buoyed prices and encouraged sales from struggling farmers.

A recent Swiss poll has revealed strong opposition among voters to a proposed trade deal with the United States, indicating significant public discontent regarding international trade agreements. This sentiment reflects broader concerns about the implications of such deals on local economies and industries.

US private payrolls unexpectedly declined by 32,000 jobs in November, following an upwardly revised increase of 47,000 jobs in October, according to the ADP employment report. This decline contrasts with economists' expectations of a 10,000 job increase for November, highlighting a potential slowdown in the job market.

US import prices remained unexpectedly flat in September, indicating a pause in inflationary pressures on imported goods. This stability comes amidst fluctuating market conditions and evolving economic indicators.

Brussels is proposing emergency powers to raise €210 billion from frozen Russian assets to fund Ukraine, marking a significant shift in EU financial strategy amid ongoing conflict. This initiative aims to provide critical support to Ukraine's defense and recovery efforts as it faces persistent challenges from Russia.

Cerberus Capital Management has appointed Nathaniel Fick, a former US ambassador, to the newly established position of chief strategy officer for equities, aiming to enhance its investments related to national and economic security.

Italy's foreign minister announced that the country will not participate in a NATO program to procure US weapons for Ukraine, deeming it premature amid ongoing peace negotiations. This decision reflects Italy's cautious approach to the evolving geopolitical situation in Eastern Europe.