BI Says Fed Could Cut Rates Within Months If US Jobs Data Disappoints
Business Insider reports the Fed could cut rates within months if US job market weakness persists, as recent ADP data and jobless claims signal labor market deterioration.
U.S. Treasury prices fell, led by long-term bonds, as a surprise drop in ADP private payrolls failed to sustain gains; surging UK gilt yields amid political turmoil fueled a global bond selloff.
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[New York Bond Market]Treasury Prices Weaken Despite ADP 'Shock'—Gilt Yield Surge Reverberates
U.S. Treasury prices fell, led by long-term bonds, as a surprise drop in ADP private payrolls failed to sustain gains; surging UK gilt yields amid political turmoil fueled a global bond selloff.
[New York Gold Prices] Rise 0.3% on Weak US Private Employment—Rate Cut Expectations Grow
Gold prices rose 0.3% as weak US private employment data fueled expectations of an early Fed rate cut, with investors eyeing upcoming jobs and policy announcements.
The dollar-won exchange rate held steady in the high 1,350s ahead of the US June ADP jobs report, with limited volatility despite a stronger dollar index and market participants awaiting key US labor data.
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Dollar-Won Holds in High 1,350s Ahead of US Jobs Data—Up 3.80 Won
The dollar-won exchange rate held steady in the high 1,350s ahead of the US June ADP jobs report, with limited volatility despite a stronger dollar index and market participants awaiting key US labor data.
Key global economic indicators scheduled for July 2 include Australia's May retail sales, Eurozone unemployment rate, and speeches by top ECB officials, alongside US ADP employment and crude oil inventory data.
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Today's Global Economic Indicators and Schedule
Key global economic indicators scheduled for July 2 include Australia's May retail sales, Eurozone unemployment rate, and speeches by top ECB officials, alongside US ADP employment and crude oil inventory data.
US Treasury Yields Rise in Asian Trading; S&P 500 Futures Edge Lower
US Treasury yields rose in Asian trading as investors digested weak US services and jobs data, while S&P 500 futures edged lower amid renewed US-China trade concerns.
U.S. stocks ended mixed as weak private employment and services data fueled recession fears, sending Treasury yields sharply lower and the dollar to a multi-month low, while oil prices fell on supply concerns.
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[New York Market Watch]Employment and Services Downturn Delivers Double Blow - Bonds Rally, Dollar Falls, Equities Mixed
U.S. stocks ended mixed as weak private employment and services data fueled recession fears, sending Treasury yields sharply lower and the dollar to a multi-month low, while oil prices fell on supply concerns.
New York Stocks End Mixed as US Economic Slowdown Signals Flash
US stocks ended mixed as weak economic data and cautious comments from President Trump on China negotiations weighed on sentiment, with Treasury yields falling on renewed rate cut bets.
The US dollar weakened as persistent US-China trade tensions and weaker-than-expected US private employment data weighed on sentiment, with the dollar index falling below 99 and analysts warning of further downside amid global economic uncertainty.
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US Dollar Weakens as US-China Trade Tensions Persist and Private Employment Disappoints
The US dollar weakened as persistent US-China trade tensions and weaker-than-expected US private employment data weighed on sentiment, with the dollar index falling below 99 and analysts warning of further downside amid global economic uncertainty.
Global Economic Indicators and Schedule for Today
Key global economic events scheduled for April 2 include speeches by ECB officials, U.S. employment and factory data, and oil inventory reports, with a Fed governor speech early on April 3.
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