SUMMARY OF US JULY ADP JOBS REPORT:

1. The U.S. economy added 104,000 jobs in July, as per ADP, beating forecasts for a gain of 77,000.

That was the highest monthly total since March 2025.

2. That follows am upward revision for June, which lost 23,000 jobs, compared to a previously reported decline of 33,000.

• Key Takeaway: The upbeat ADP payrolls report paints a resilient picture of the US labor market and reduces the chances of multiple rate cuts by the Fed this year.