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Wall Street rises as weak ADP jobs data bolsters rate-cut bets

June 5 (Reuters) – U.S. stocks gained on Wednesday after data showed that the private sector added fewest jobs in May since 2010, raising the odds that the Federal Reserve would cut interest rates to counter a potential slowdown. private-sector jobs rose by 27,000 last month, according to the ADP.

US ADP payroll change lowest since March 2010; private-sector jobs rose by 27,000 last month, much below expectations of a 180,000 increase.Utilities, real estate, consumer staples gain the most

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Aussie Dollar declines, Yen gains as Asia follows Wall Street risk-off lead Sentiment may firm if UK, US news-flow bolster dovish Fed and boe bets. data release weighed against RBNZ rate cut.

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U.S. ADP payroll change lowest since March 2010; Bets of an interest rate cut increase; banks fall; Salesforce.com gains after FY forecast above.. Wall Street rises as weak ADP jobs data.

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And ADP Employer Services said U.S. private employers added 106,000 jobs in October. TECHNOLOGY IBM to Unveil $1.5B Data Security Initiative – WSJ The Wall Street Journal reports IBM is expected to.

Wall Street climbs as weak private jobs data boost rate cut hopes. Reuters India – by Sinead Carew. NEW YORK (Reuters) – Wall Street’s major indexes rose on Wednesday as investors bet on a Federal Reserve interest rate cut after weak private sector jobs data and hopes grew that the United States and Mexico would reach an agreement to avoid U.S. tariffs on Mexican goods.

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Bets mount on March rate cut | The sluggish pace of Australia. The Australian sharemarket posted another weekly rise, but the race to 6000 proved futile with weak local economic data and some.

US stocks gained on Wednesday after data showed that the private sector added fewest jobs in May since 2010, raising the odds that the Federal Reserve would cut interest rates to counter a potential slowdown. Private-sector jobs rose by 27,000 last month, according to the ADP National Employment Report, much below expectations of a 180,000.

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