BRAZIL PRESIDENT TESTS POSITIVE FOR CORONAVIRUS
Raphael Bostic diverged from Powell more optimistic outlook, warning this morning that he is seeing signs of a leveling off of the US economic recovery.
US JOLTS May job openings 5397K vs 4500K expected
The US Bureau of Labor Statistics will release its JOLTS job opening survey for May. A survey is done by the US Bureau of Labor Statistics to help measure job vacancies. It collects data from employers about their businesses' employment, job openings, recruitment, hires, and separa...
UK Frost, EU Barnier to have dinner today to kick off the latest round of Brexit talks
EU Commission - Euro Area GDP 2020 forecast at -8.7% (-7.7% previous) - 2021 GDP forecast at 6.1% (6.3% previous)
1. US JOLTs Job Openings The US Bureau of Labor Statistics will release its JOLTS job opening survey for May. On average, economists expect that the job vacancies ease to 4.850 million in May from 5.046 million in April 2. Canada Ivey PMI...
June US ISM non-manufacturing index 57.1 vs 50.2 expected
The index is based on surveyed purchasing managers, excluding the manufacturing industry. The US ISM Non-Manufacturing PMI is expected to rise to 50.1 from the previous month reading of 45.4. A higher than expected reading should be taken as positive for the Greenback.
Actual: 17.8% Forecast: 15.0% Previous: -12.1%
US Nonfarm Payrolls showed huge moves last week. The US economy produced a gain of 4.8 million jobs, beating the estimate of 3.03 million. The unemployment rate fell to 11.1%, down from 13.3% beforehand. At the same time wage growth remains an area of concern, as wages continue to fall. The US e...
WHO Ryan: No vaccine is far enough along that there will be a signal of efficacy Expects interim results from solidarity trial of COVID-19 therapeutics within the next two weeks It is difficult to have a vaccine this calendar year
Capital key is ECB's compass Deviations from the capital key in PEPP are temporary Not convinced pandemic will lead to deflation shock Core inflation relatively sticky in Europe
Castex will succeed Eduoard Phillipe, who resigned earlier today
We are not remotely being disrespectful to the EU Do not think it is right to proceed by obeying EU rules There is a good agreement to be reached But if we can not, we will have very good other options
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