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Last month was a mixed month for the major stock indices . The Dow industrial average fell. The S&P was unchanged. The NASDAQ index had a solid gain of over 5.8%.Today, the major indices are modestly lower 10 minutes into the open. A snapshot of the market...

Prior was 50.2Softer new orders and outputDestocking remained a common theme amongst manufacturers and their clientsCommenting on the latest survey results, Paul Smith, Economics Director at S&P Global Market Intelligence said: “A weak underlying demand profile...

Welcome to June.I wrote about the June seasonal biases in stock markets yesterday, so you'll want to check that out. So far, though, there's no bias at all to the open with futures flat.May performance:Dow industrial average -3.49%S&P index +0.25%NASDAQ index...

Initial jobs claims and continuing claimsPrior weekThe initial jobless claims for the week ending May 27 were 232,000, an increase of 2,000 from the previous week's revised level of 230,000.The 4-week moving average of initial jobless claims decreased by 2,500 to...

Prelim was 6.3%Prior was +3.2%Productivity -2.1% vs -2.5% expectedPrior productivity -2.7%These numbers are notoriously tough to calculate but, if anything, they're less inflationary than they initially looked. There's a bid in bonds and the dollar is selling off on...

Prior was +296K (revised to +291K)Details:small (less than 50 employees) +116K vs +121K priormedium firms (500 – 499) +112K vs +122K priorlarge (greater than 499 employees) +106K vs +47K priorJob stayers 6.5% vs 6.7%Job changers 12.1% vs 13.2%The previous number was...

Headlines:Markets:AUD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 0.2%US 10-year yields up 1.9 bps to 3.656%Gold up 0.3% to $1,967.55WTI crude down 0.5% to $67.74Bitcoin down 0.8% to $26,894There was plenty of data to scour through...

Prior 66.99kThat's now eleven months running that job cuts have exceeded the same month from a year ago and the increase in layoffs that we are seeing so far this year have been particularly notable. For some context, Q1 layoffs were already the highest since 2020 and...

It's a tough one to read, especially just a day after month-end trading. And when you throw in the sort of Fed comments that we got yesterday, it makes things even trickier at the moment.The dollar is now sitting lower against the likes of the euro, pound, franc and...

This was very much expected already and is one reason why oil prices failed to gather much support in trading yesterday. According to one source:"At this precise time, no change for the meeting but as usual, depending on the mood of some, everything can...