The data from the Labor Department suggests that U.S. job growth is expected to slow in June, with economists predicting an increase of 190,000 jobs, down from the previous month’s surge of 272,000 jobs. This moderation in job growth, while still healthy, reflects a more sustainable pace that may help prevent an overheating of the
The labor market indicators are signaling a weaker market which could potentially affect wage growth and disposable income. ANZ-Indeed Job Ads have shown a decline, slipping by 2.2% in June following a previous 1.9% decrease in May. This downward trend suggests a slowdown in the pace of hiring, which could have long-lasting effects on the
The recent exit poll suggesting a major victory for UK’s Labour Party, led by Keir Starmer, in the upcoming 2024 UK election has sent shockwaves through the political landscape. With projections indicating that Labour is on course to win about 410 seats in the 650-seat House of Commons, while the Conservatives are projected to win
European shares saw a rise on Thursday, fueled by optimism surrounding potential U.S. interest rate cuts following soft economic data. The pan-European STOXX 600 index climbed to a more than one-week high, indicating positive sentiment in the region. London markets also experienced gains as the UK general election voting commenced, with polls predicting a historic
The Bank of Israel is facing significant challenges in its monetary policy decisions due to a combination of factors, including the ongoing war in Gaza, persistent inflation, and a widening risk premium. While many economists expected a change in the benchmark interest rate, all 15 economists polled anticipate that the central bank will maintain its
After starting a downside correction from the 0.6735 zone, the Aussie Dollar is now facing a key bullish trend line with support at 0.6700. The pair managed to clear the 0.6680 resistance and move into a positive zone against the US Dollar. However, there was a decline below the 0.6720 level, leading to a correction
The US markets were closed recently as the country celebrated its journey towards independence, commemorating its freedom from rule by a monarch. This historical event showcases the importance of democracy and independence in the country’s foundation. However, despite such a significant occasion, there has been speculation in the media regarding US President Biden’s potential candidacy
China is currently in discussions with the European Union regarding the bloc’s proposed tariffs on imported Chinese electric cars. The Ministry of Commerce in China has expressed its hopes of reaching an agreement with the EU in the near future to avoid additional duties being imposed on Chinese EVs. Call for Collaboration Chinese Commerce Ministry
According to George Chan, the global IPO leader at EY, the market for initial public offerings in Hong Kong is set to see significant improvement over the next five years, with the trend starting in the second half of this year. Despite facing challenges such as high U.S. interest rates, regulatory scrutiny, slower economic growth,
The Australian Trade Balance has been facing challenges due to various factors such as lackluster demand from China, the collapse of the real estate market, and the slump in iron ore prices during the first half of 2024. These issues have been compounded by trade tensions between Australia and China, as well as the weak
The American Reshoring ETF, spearheaded by Tema ETFs CEO Maurits Pot, is placing a bet on a resurgence in U.S. manufacturing jobs. With a focus on industrials, the ETF aims to capitalize on what Pot describes as the early stages of deglobalization. By promoting job creation, manufacturing, and reshoring, the fund seeks to bring back
During the last Federal Reserve meeting held on June 11-12, officials acknowledged that the U.S. economy was showing signs of slowing down. They also noted that “price pressures were diminishing,” as seen through weak May readings in the consumer price index. This decline in inflation was supported by various developments in the product and labor