If it just seems like the first Friday of the month wasn't the same without being able to pore through the Bureau of Labor Statistics' hotly watched monthly jobs report, don't worry. You probably didn't miss much. While the BLS has gone dark with the shutdown in Washington, other reports outside the government data suggest the labor market just plodded along in September. The Dow Jones consensus forecast was for growth of 51,000 in nonfarm payrolls with the unemployment rate holding steady at 4.3%. High-frequency data that includes job postings, private payrolls and state-by-state figures...
Two oil tankers collided and caught fire on Tuesday near the Strait of Hormuz, where electronic interference has surged during conflict between Iran and Israel, but there were no injuries to crew or spillage reported. With Iran and Israel firing missiles at each other since Friday, interference has disrupted navigation systems near the vital sea route between Iran and Oman which handles about a fifth of the world's oil. The United Arab Emirates coast guard said it had evacuated 24 people from one of the ships, Adalynn, to Khor Fakkan port after the crash 24 nautical miles off its eastern...
Retail Sales in the United States (US) declined by 0.9% in May to $715.4 billion, the US Census Bureau announced on Tuesday. This reading followed the 1.5% decrease (revised from +0.1%) recorded in April and came in worse than the market expectation for a contraction of 0.7%. On a yearly basis, Retail Sales were up 3.3%, compared to 5% in April. "Total sales for the March 2025 through May 2025 period were up 4.5% from the same period a year ago," the press release read. "Retail trade sales were down 0.9% from April 2025, and up 3.0% from last year." Other data from the US showed that...
The Bank of Japan (BoJ) announced on Tuesday (6/17) that it would keep its short-term interest rate target unchanged at 0.4%-0.5% after concluding a two-day monetary policy review meeting. The decision had been widely expected. The Japanese central bank extended the pause in its interest rate hike cycle to a third straight meeting, after raising rates by 25 basis points (bps) in January.(alg) Source: FXstreet
The Bank of Japan (BoJ) is widely expected to leave short-term interest rates unchanged at 0.5% after its two-day June monetary policy review ends on Tuesday (6/17). With no quarterly economic projections due, all eyes will be on the BoJ's plan to taper its purchases of Japanese government bonds (JGBs) and hints on the timing of its next rate hike. The BoJ's policy announcement is likely to fuel volatility around the Japanese yen (JPY). What to expect from the BoJ's rate decision? The BoJ is set to extend the pause in its rate-hike cycle to a third straight month in June, keeping its...
US President Donald Trump called for the evacuation of Iran's capital, Tehran, on Monday, hours after urging the country's leaders to accept a deal to curb its nuclear program as Israel signaled that attacks would continue, according to Bloomberg "Iran should sign the 'deal' I asked them to sign," Trump wrote in a social media post from a Group of Seven leaders summit in Alberta, Canada. "What a disgrace, and a waste of human lives. Simply put, IRAN SHOULD NOT HAVE NUCLEAR WEAPONS. I've said it over and over again! Everyone should evacuate Tehran immediately!" (alg) Source: FXstreet
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
The U.S. government shut down much of its operations on Wednesday as deep partisan divisions prevented Congress and the White House from reaching a funding deal, setting off what could be a long,...