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Strong NFP Data, USD Strengthens, Gold Crashes, Stocks Climb Higher, What will the Fed decide on Rates?

PREVIOUS TRADING DAY EVENTS 02 June 2023 Announcements    The U.S. Bureau of Labor Statistics reported on Friday, at 1530, that the U.S. NonFarm payroll employment increased by 339K in May, way above expectations, and the U.S. Unemployment Rate rose to 3.7 versus the previous 3.4 figure. So, despite high hiring numbers, the unemployment rate increased. […]
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European Shares Flat; London Leads on Oil Boost

Telecoms rebound from worst session in 15 months Euro zone business growth slowed in May PMI Indivior jumps after settling Suboxone monopoly claims June 5 Reuters European shares were flat on Monday as markets struggled to hold on to the tailwind from a rebound seen last week, while London stocks led regional gains following upbeat […]
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Chinas Services Activity Picks Up in May Caixin PMI

BEIJING, June 5 Reuters China39;s services activity picked up in May, a privatesector survey showed on Monday, as a rise in new orders shored up a consumptionled economic recovery in the second quarter. The CaixinSP Global services purchasing managers39; index PMI rose to 57.1 in May from 56.4 in April. The 50point mark separates expansion […]
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Japans Service Activity Expands at Record Pace in May

TOKYO, June 5 Reuters Japan39;s service sector activity expanded at a record pace in May, a privatesector survey showed on Monday, thanks to a recovery in overseas demand and a surge of foreign tourists as pandemic restrictions were eased further. The final au Jibun Bank Japan Services purchasing managers39; index PMI rose to a seasonally […]
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