Pound Sterling underperforms as UK economy shrinks at a faster-than-expected pace
The Pound Sterling faces a sharp selling pressure against its major peers as the UK economy declined at…
Private sector employment in US rises 37,000 in May vs. 115,000 forecast
Private sector employment in the US rose by 37,000 in May and annual pay was up 4.5% year-over-year,…
Gold ticks up on Russia-Ukraine tensions, EU-US trade optimism restricts upside
Gold price recovers to near $3,305 despite increasing hopes for a US-EU trade deal. Russia’s Putin demands that…
Will May PMIs remain in expansion territory?
The S&P Global advanced May PMIs are expected to show a slight dip in the manufacturing sector. Markets…
Japan’s Kato says unsustainable imbalance in some countries behind trade imbalance
US Secretary Scott Bessent and Japan’s Finance Minister Shunichi Kato discussed important issues pertaining to the US-Japan economic relationship,…
Initial Jobless Claims dropped to 228K last week
Initial Jobless Claims ticked lower to 228K. Continuing Jobless Claims eased to 1.879M. US citizens filing new applications…
NFP expected to show less hiring from US firms in April as uncertainty weighs
Nonfarm Payrolls are expected to rise by 130K in April, lower than the 228K gain reported in March.…
US ADP private sector employment rises 62,000 in April vs. 108,000 expected
Employment in the US private sector grew at a softer pace than expected in April. The US Dollar…
US JOLTS job openings set to show a mild decline in March
The US JOLTS data will be watched closely ahead of the release of the April employment report on…
Impact on China’s forex assets from volatility in US bond markets is limited
The People’s Bank of China ()PBOC) Deputy Governor said in a news conference that the “impact on China’s…