- US Labour Market Faces Key Test With Hiring Momentum Set To Slow
- US, Iran Trade Fire In Strait Of Hormuz; Each Claims Other Shot First
- US Sec Rubio Approves $25.8B Weapons Push For Mideast Nations
- Trump Gives EU Until July 4 To Ratify Deal Or Risk Higher Tariffs
- Trump’s 10% Global Tariffs Declared Unlawful By US Trade Court
- Fed’s Kashkari Says Next Rate Move Uncertain Because Of Iran War
- Japan Intervened In FX Again During May Holidays, Source Says
- Japan’s Real Wages Rise For Third Month, Offering Relief For BoJ
- South Korea’s Current Account Surplus Surges To Record On Chips
- SK Hynix Flooded With Big Tech Firms’ Demand To Secure Chip Supplies
- Sony Annual Profit Rises 13.4%, Below Analyst Estimates
- Nvidia To Invest Up To $2.1B In IREN AI Data Centre Deal
- Anthropic Weighs Deal For Near $1T Valuation As Revenue Surge
- AWS: North Virginia Data Centre Overheating; Coinbase Impacted
- Macquarie Profit Tops Estimates On Commodities, Markets Activity
- CoreWeave Signals Higher CapEx As Component Costs Rise, Shares Fall
- Airbnb Boosts 2026 Revenue Outlook on Increased Bookings
- BMW, Mercedes Struggle To Make Luxury Cars With Chinese Xteristics
US job growth is under the microscope again, with investors looking for signs of a deterioration.
The latest economist consensus estimate is for an addition of 65,000 payrolled workers in April, down from last month’s surprisingly strong 178,000. The unemployment rate is forecast to remain at 4.3%. On wages, analysts project 0.3% m/m and 3.8% y/y growth in average hourly earnings.
Referencing last month’s broad-based gains across industries, Deutsche Bank’s Brett Rayner noted that some of that strength was a function of a strike resolution at a major healthcare company as well as a possible seasonal boost from the shifting Easter holiday. (LS – Continue Reading)
The US and Iran opened fire in the Strait of Hormuz, with each side claiming the other initiated the attack.
The renewal of hostilities further imperils the two countries’ ceasefire agreement, which had already been badly damaged by repeated accusations that its terms are being breached.
President Donald Trump, in a call with an ABC News reporter later Thursday, insisted that the ceasefire remains in effect, saying the strikes are “just a love tap.” (CNBC – Continue Reading)
US President Donald Trump said on Thursday he would give the European Union until July 4 to implement trade deal commitments before he raises tariffs on EU goods including cars to "much higher levels."
Trump said in a Truth Social post that he issued the new deadline during a "great call" with European Commission President Ursula von der Leyen in which the two leaders also agreed that Iran could never have a nuclear weapon.
In a surprise move, Trump last Friday announced that he would raise tariffs on EU vehicles to 25% from the previously agreed 15% because the EU was not complying with the terms of a deal struck in Scotland last July. (RTRS – Continue Reading)
President Donald Trump’s 10% global tariffs were declared unlawful by a federal trade court in a fresh blow to the administration’s economic agenda, just months after the US Supreme Court vacated earlier levies he’d imposed.
A divided three-judge panel at the US Court of International Trade in Manhattan on Thursday granted a request by a group of small businesses and two dozen mostly Democrat-led states to invalidate the tariffs. Trump imposed the 10% duties in February under Section 122 of the Trade Act of 1974, which had never previously been invoked. (BBG – Continue Reading)
- Japan Labour Cash Earnings (Y/Y) Mar: 2.7% (est 3.2%; prev 3.3%)
- Japan Real Cash Earnings (Y/Y): 1.0% (est 1.8%; prev 1.9%)
- Japan Scheduled Full-Time Pay – Same Base (Y/Y): 2.6% (est 3.0%; prev 3.1%)
- Japan Cash Earnings - Same Sample Base (Y/Y): 2.5% (est 2.9%; prev 3.1%)
- Japan S&P Global PMI Composite Apr F: 52.2 (prev 52.4)
- Japan S&P Global PMI Services: 51.0 (prev 51.2)
- US Says It Fired On Iranian Targets After Attack On Warships – BBG
- US, Iran Trade Fire In Strait Of Hormuz; Each Claims Other Shot First – CNBC
- US Conducts Retaliatory Strikes Against Iran, Pentagon Says – Nikkei
- US Sec Rubio Approves $25.8B In Weapons Push For Mideast Nations – BBG
- Iran Accuses US Of Violating Ceasefire, US: It Carried Out Retaliatory Strikes - RTRS
- Tehran Says It Is Discussing Plan With US To End Hostilities – NYT
- Trump Admin Invites Nvidia, Boeing CEOs For China Trip, Report Says – RTRS
- Trump’s Summit With Xi Is On Despite China’s Iran Concerns – BBG
- China’s Propaganda Use May Outwit US If Taiwan Conflict Arises – SCMP
- Japan’s Real Wages Rise For Third Month, Offering Relief For BoJ – BBG
- Australia To ‘Try To Thread The Needle’ In Budget Tested By War – BBG
- South Korea’s Current Account Surplus Surges To Record On Chips – BBG
- US Pursuing Diplomacy, Not Military Action, On Cuba - AP
- Ray Dalio Says US Is Entering Period Of ‘Great Turbulence’ - BBG
- Fed’s Kashkari Says Next Rate Move Uncertain Because Of Iran War – BBG
- Fed’s Daly Says Statement Language Is Less Important Than Action – BBG
- US Businesses Urge Trump To Intervene Over New EU Consumer Rules – FT
- Trump Gives EU Until July 4 To Ratify Deal, Extending Deadline – BBG
- Trump’s 10% Global Tariff Ruled Illegal By US Court – FT
- Trump Praises Brazil’s Lula After Meeting On Tariffs, Trade – BBG
- Trump Is Hopeful Hantavirus Outbreak On Cruise Ship ‘Under Control’ - BBG
- UK Labour Suffers First Council Losses As Results Start Coming In – FT
- Japan Service Sector Growth Slows To 11-Month Low In April, PMI Shows – RTRS
- Markets Debate If Japan Sold Treasuries When Intervening In Yen – BBG
- JGBs Edge Lower, Tracking Declines In US Treasurys – WSJ
- Japan Plans Start Of Round-the-clock JGB Trading On Blockchain – Nikkei
- Australia Sold A$1B 2032 Bonds: 4.7406%; B/C 4.01x
- Australia Moves To Toughen Pension Funds’ Performance Scorecard – BBG
- US Consumer Borrowing Increased In March By Most Since 2022 – BBG
- Trsy’s Bessent Meets Insurance Regulators To Discuss Private Credit – BBG
- Money-Market Assets Notch Biggest Weekly Jump Since April 2020 – BBG
- Gundlach Takes Longshot Bet On US Debt Revamp With Low Coupons – BBG
- Citi Targets Hedge Funds, Private Equity In FX Growth Push – BBG
- Japan Intervened In FX Again During May Holidays, Source Says – RTRS
- Dollar Firms As US-Iran Hostilities Flare, Yen Steadied By Intervention Risk – RTRS
- Gold Steadies As US-Iran Clashes Dim Truce Prospects In Mideast – BBG
- Oil Prices Jump On Renewed US-Iran hostilities – RTRS
- IEA Calls On Canada To Move Faster On Energy Amid Supply Shock – BBG
- Trump Rejects Need For Curbs On Oil Exports After Trade Surge – BBG
- US And South Africa Hold Talks On Mining Deals After Year Of Tensions – FT
- Big Tech’s $725B AI Spending Spree Sends Free Cash Flow To A Decade Low – FT
- MP Sees Heavy Rare Earth Demand Falling As Technology Advances – BBG
- Tencent, Alibaba Face Slowing Growth As AI Costs Mount – BBG
- Google Judge Says Too Early To Pause DOJ Remedy In Search Case – BBG
- Japan's MUFG Taps Google's Gemini AI To Help Customers Shop, Save – Nikkei
- Japan's SoftBank Explores Homegrown AI Servers With Nvidia, Foxconn - RTRS
- SoftBank Rally Hinges On OpenAI Growth Easing Balance Sheet Fear – BBG
- Nvidia To Invest Up To $2.1B In IREN As Part Of AI Data Center Deal – RTRS
- Nvidia Funds Construction Of Corning Plants, In Addition To Equity – RTRS
- CoreWeave Signals Higher CapEx As Component Costs Rise, Shares Fall - RTRS
- SK Hynix Flooded With Big Tech Firms’ Demand To Secure Chip Supplies – RTRS
- Sony Annual Profit Rises 13.4%, Below Analyst Estimates – RTRS
- AWS Says Data Center Overheating In North Virginia; Coinbase Impacted – RTRS
- Apple’s Camera-Equipped AirPods Reach Late Testing In AI Device Push – BBG
- Airbnb Boosts 2026 Revenue Outlook on Increased Bookings – BBG
- Trump Sons Back $1B Vehicle Targeting Sectors Championed By US President – FT
- Macquarie Profit Tops Estimates On Commodities, Markets Activity – BBG
- MercadoLibre Rev Beats Estimates On Strong E-Commerce Demand – BBG
- Gilead Sees 2026 Loss On $11.5B In Deal-Related Charges – BBG
- Lyft Forecast Beats on Gross Bookings Buoyed by Premium Services – BBG
- BMW, Mercedes Struggle To Make Luxury Cars With Chinese Xteristics – Nikkei
- Auto Groups Urge trump To Extend Trade Deal With Mexico, Canada – RTRS