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...
US citizens filing new applications for unemployment insurance rose to 248K for the week ending May 31, the US Department of Labor (DOL) reported on Thursday. This was higher than the initial estimate and in line with the previous week's revised count. The report also highlighted the seasonally adjusted insured unemployment rate at 1.3%, while the four-week moving average rose by 5K to 240.250K from the previous week's revised average. Additionally, Continuing Jobless Claims increased by 54K to 1.956M for the week ending May 24. (alg) Source: FXstreet
US producer prices edged up 0.1% month-over-month in May 2025, following an upwardly revised 0.2% decline in April and compared with a 0.2% increase expected. Goods prices rose 0.2%, with tobacco costs rising 0.9%. Prices for gasoline, processed poultry, roasted coffee, household natural gas, and oilseeds also rose. In contrast, jet fuel prices fell 8.2%. In addition, service costs edged up 0.1%, with the margin for wholesale sales of machinery and vehicles jumping 2.9%. Costs for traveler accommodation services; retail sales of clothing, footwear, and accessories; retail sales of alcohol;...
The UK economy shrank in April following declines in both the services and production sectors, in a month marked by volatile US tariff announcements and higher local taxes. Britain's monthly gross domestic product fell 0.3% in April after rising 0.2% in March, according to data from the Office for National Statistics published Thursday. The latest figure is worse than the expected 0.1% decline, signaling the worst monthly drop in the UK GDP since October 2023. Annually, the British economy grew 0.9%, slowing from the previous 1.1% expansion. In the quarter to April, UK GDP increased 0.7%...
U.S. Treasury Secretary Scott Bessent on Wednesday said the Trump administration is prepared to "roll the date forward" with trading partners negotiating in good faith if the deadline marking the end of the 90-day pause on President Donald Trump's reciprocal tariffs is reached with no deal. "It is highly likely that those countries - or trading blocs as is the case with the EU - who are negotiating in good faith, we will roll the date forward to continue the good-faith negotiations," Bessent told the House Ways and Means Committee. "If someone is not negotiating, then we will...
In a post published on Truth Social on Wednesday (11/6), US President Donald Trump said that a trade deal with China is done and added that the deal is now waiting for final approval from himself and Chinese President Xi Jinping. "The complete magnets, and the rare earths that are needed, will be supplied, up front, by China. Likewise, we will provide what has been agreed to to China, including Chinese students who use our colleges and universities (which is always nice of me!)," Trump said, adding: "We get a total tariff of 55%, China gets 10%. Very good relationship! Thank you for your...
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,...