Evening data analysis ADP small non farm payroll data for March released in the United States 155000 people were recorded, exceeding expectations by 115000 people, compared to the previous value of 77000 people. This usually lowers the expectation of the Federal Reserve cutting interest rates, which is considered negative But now the market is worried about a recession in the US economy, and the improvement in employment data will lower expectations of a recession In addition, the non farm payroll data released on the evening of the 4th may continue to lower expectations of a recession, which is a small positive news. In the end, it still depends on 4am tonight The announcement of tariffs is a negative impact If it exceeds market expectations, there may be a slight drop, but it will quickly recover If it is lower than market expectations, it is a significant increase