Heading into the first week of the month, the focus shifts to US employment figures, looking for further clues of the Federal Reserve’s (Fed) interest rate path. On Wednesday, at 12:15 GMT, Automatic Data Processing Inc. (ADP), the largest payroll processor in the US, is set to release the ADP Employment Change report for September, measuring the change in the number of people privately employed in the US. Recent employment reports have raised the alarm bell, pointing to an economic slowdown and putting into question the theory of US economic exceptionalism. In that sense, Wednesday’s figures, except for a surprise ... (full story)