Private payrolls in the US defied pessimistic forecasts and rebounded sharply in June, the Labor Department reports. Although some analysts recently insisted that the weak gain in jobs in May was a sure sign that a new US recession in the near term is fate, today’s data complicates that dark forecast.
All the world’s major regions for equities are posting solid gains so far this year, but markets in Russia and Eastern Europe have pulled well ahead of the field in recent weeks, based on a set of exchange-traded products.
Does Trump’s Fed pick raise political risk for the central bank? NY Times
Economists expect a rebound in US job growth for June: Reuters
German factory orders plunged in May: Bloomberg
German and French 10yr bond yields fall to record lows: CNBC
US jobless claims remain close to half-century low: MW
Trade deficit for US surged in May to five-month high: Reuters
US job cuts rose to 10yr high in first half of 2019: CG&C
ISM Non-Mfg Index eased in June but still reflects moderate growth: ISM
PMI survey data points to ‘subdued growth’ for US services sector: IHS Markit
US factory orders continued to decline in May: Reuters
Slower growth trend expected for US private payrolls in today’s June update: