Nonfarm payrolls forecast to rise by 185,000 in May Unemployment rate estimated to be unchanged at 3.9 Average hourly earnings seen up 0.3, 3.9 yearonyear June 7 Reuters U.S. job growth likely maintained its moderate pace in May and wage gains were expected to hold steady, which would keep the Federal Reserve in waitandsee mode […]

June 7 Reuters Investors are scouring U.S. credit card spending patterns to size up which, if any, trends could give specialty retailers a boost in the summer months. Recent quarterly results from retailers show shoppers are selectively buying nonessential, nicetohave products forgoing electronics, but not being shy about plunking down cash on those widelegged jeans […]

China39;s May exports top forecasts, imports slow Imports data underline weak domestic demand concerns Exports growth suggests hitech sectors giving China a boost Western tariffs unlikely to immediately slow exports, analyst says Economists expect fiscal stimulus to help boost domestic demand BEIJING, June 7 Reuters China39;s exports grew more quickly and for a second month […]

LONDON, June 7 Reuters British house prices edged down by 0.1 in May from April, representing a stabilisation of the market after a slowdown last year which was followed by a recovery on hopes of falling borrowing costs, data from mortgage lender Halifax showed. Analysts polled by Reuters had mostly expected an increase of 0.2 […]

June 7 Reuters German exports rose by 1.6 in April compared with the previous month, the second straight month of gains, data from the federal statistics office showed on Friday. The result compared with a forecast 1.1 increase in a Reuters poll. The monthly gains were driven by exports to China, up 0.8 to 8.4 […]

India central bank keeps rates unchanged Two of six committee members vote for a 25 basis point cut GDP growth forecast for 202425 raised to 7.2 vs 7 previously Average retail inflation seen at 4.5 for 202425 MUMBAI, June 7 Reuters The Reserve Bank of India RBI kept its key interest rate unchanged on Friday […]

TOKYO, June 7 Reuters The Japanese economy likely contracted at a slightly slower pace than initially reported in JanuaryMarch due to upgrades to capital spending figures, a Reuters poll showed on Friday, although risks continue to cloud the outlook. Economists expect growth to return this quarter, helped by tax cuts and wage hikes, but higher […]

COPENHAGEN, June 7 Reuters Inflation will continue to decline and interest rate cuts will support economic recovery, Finnish ECB policymaker Olli Rehn said in a blog post on Friday. The possible scale of interest rate cuts in the next few years could be in the range of 1 to 2 percentage points, given there won39;t […]

June 7Reuters German industrial production fell by 0.1 in April compared to the previous month, hampered by a weakening in the construction sector, the Federal Statistics Office said on Friday. Analysts polled by Reuters had predicted a 0.3 rise. Construction output fell by 2.1, while the automotive industry grew by 4.2 monthonmonth. In the less […]

FRANKFURT, June 7 Reuters European Central Bank policymakers warned on Friday that the final stage of pushing inflation down to 2 could be especially hard but said they were confident that policy was working as intended, while some even saw room to ease policy further in 2024. The ECB cut interest rates from record highs on Thursday […]