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US worker productivity slumps in first quarter
WASHINGTON, June 5 (Reuters) - U.S. worker productivity dropped at a faster pace than initially thought in the first quarter, driving labor costs sharply higher at a time when businesses are already facing rising costs from tariffs on imported goods.Nonfarm productivity, which measures hourly output...Reuters
Thu, Jun 5
US President Trump and Chinese President Xi hold phone call – Xinhua
According to Xinhua news agency, United States (USD) President Donald Trump and Chinese President Xi Jinping held a phone call on Trump's request to engage in discussions and reflect ongoing diplomatic communication amidst tensions.
Fxstreet
Thu, Jun 5
US weekly jobless claims rise for second straight week
WASHINGTON, June 5 (Reuters) - The number of Americans filing new applications for unemployment benefits last week increased for a second straight week, pointing to softening labor market conditions amid mounting economic headwinds from tariffs.Initial claims for state unemployment benefits rose 8,0...Reuters
Thu, Jun 5
US weekly Initial Jobless Claims rise to 247K vs. 235K expected
There were 247,000 initial jobless claims in the week ending May 31, according to data published Thursday by the United States (US) Department of Labor (DOL). This figure followed the previous week's print of 239,000 (revised from 240,000) and came in worse than the market expectation of 235,000.Fxstreet
Thu, Jun 5
ECB cuts inflation, growth projections
FRANKFURT, June 5 (Reuters) - The European Central Bank cut some of its growth and inflation projections on Thursday as the fallout from a global trade war is likely to prove a drag for the 20-nation euro zone. Inflation is now seen falling further below the ECB's 2% target next year as lower en...Reuters
Thu, Jun 5
Pentagon chief confident NATO will commit to Trump's defence spending target
Ministers preparing for late June leaders' summitTrump wants commitment for 5% of GDP defence spendingTalks ongoing over timeline for defence spending targetGermany needs 50,000-60,000 additional active troops, minister saysBy Sabine Siebold, Lili Bayer BRUSSELS, June 5 (Reuters) - U.S. Defen...Reuters
Thu, Jun 5
