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On the surface, things are still going well in the US – Commerzbank
The hard US data still looks pretty good and that there are no real signs of the feared stagflation yet. This is hardly surprising, as most tariffs have been suspended for 90 days, so markets are unlikely to see any effects until the tariffs are actually put in place.Fxstreet
Thu, Jun 5
German industrial orders rise points to cyclical recovery
Domestic demand drives unexpected rise in German industrial ordersEconomists cautiously optimistic about German manufacturing recoveryForeign demand outside the euro zone falls 0.9%By Maria Martinez June 5 (Reuters) - German industrial orders unexpectedly rose in April, driven by strong domes...Reuters
Thu, Jun 5
UK construction firms shed most jobs since August 2020, PMI shows
By David Milliken LONDON, June 5 (Reuters) - British construction firms reduced staff numbers last month at the fastest pace in nearly five years, reflecting higher wage costs and reduced demand, a survey showed on Thursday.The S&P Global Purchasing Managers' Index for Britain's const...Reuters
Thu, Jun 5
German industrial orders rise 0.6% in April
June 5 (Reuters) - German industrial orders in April rose by 0.6% on the previous month on a seasonally and calendar-adjusted basis, the federal statistics office said on Thursday.A Reuters poll of analysts had pointed to a fall of 1.0%.The statistics office publishes more economic data on its websi...Reuters
Thu, Jun 5
ADP Employment and Services PMI Miss Expectations, Trump Urges Powell: "Must Now Lower the Rate"
TradingKey – Just one day after stronger-than-expected job openings data eased concerns about U.S. economic growth, weak ADP employment figures and a surprise contraction in the ISM services sector reignited fears of a slowdown. President Donald Trump once again pressured Federal Reserve Chair...TradingKey
Thu, Jun 5
