Tonight's ADP report will be a scarce indicator amid the US government shutdown; non-farm payrolls are still expected to be absent this week.

The latest ADP private sector job growth data will be released at 9:15 PM Beijing time on Wednesday. Due to the US government shutdown, investors will be unable to access non-farm payroll data for the second consecutive month, but scattered signs indicate that the economy is still growing and employment is expected to improve. The market anticipates that the ADP data, often referred to as the "mini-nonfarm payrolls," will show that US private companies added 28,000 jobs in October. This would be a significant reversal from last month, when the ADP report showed a loss of 32,000 jobs, primarily due to a sharp decline in the service sector. Economists warn that the lack of official data could lead to an overestimation of private sector employment and potentially trigger unusual volatility. It will take some time before the BLS releases its official data to verify or refute these signals from the job market. The October non-farm payrolls report was originally scheduled for release this Friday, but due to the record-long federal government shutdown, it is unclear when the data will be released.