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US ISM Services PMI drops to 49.9 in May vs. 52 expected
The business activity in the US service sector contracted slightly in May, with the Institute for Supply Management's (ISM) Services Purchasing Managers Index (PMI) dropping to 49.9 from 51.6 in April. This reading came in below the market expectation of 52.Fxstreet
Wed, Jun 4
US service sector unexpectedly contracts in May; inflation heats up
ISM nonmanufacturing PMI drops to 49.9, indicating contraction and lowest since June 2024Tariff uncertainty complicates business planning, affects financial guidanceSupply chain bottlenecks and tariffs drive inflation concerns WASHINGTON, June 4 (Reuters) - The U.S. services sector contracted for...Reuters
Wed, Jun 4
NY Fed survey: Last month most firms passed on some of tariff surge
By Michael S. Derby NEW YORK, June 4 - The majority of businesses in the New York Federal Reserve’s district said they passed on at least some of President Donald Trump’s tariffs in the form of higher prices last month, as firms flagged considerable confusion and uncertainty in navigating the sur...Reuters
Wed, Jun 4
Amid Gaza war, Israel defence exports jump 13% in 2024 to record $15 bln
JERUSALEM, June 4 (Reuters) - Israel's defence exports rose 13% in 2024 to a record of nearly $15 billion, led by missiles, rockets and air-defence systems with over half the deliveries going to European militaries, the government said on Wednesday.Military exports, the Defence Ministry said in ...Reuters
Wed, Jun 4
CORRECTED-Canada's services PMI rises to 3-month high in May as confidence improves
By Fergal Smith TORONTO, June 4 (Reuters) - The downturn in Canada's services economy eased somewhat in May as firms grew more hopeful that trade and political uncertainty would become less of a drag on activity over the coming 12 months, S&P Global's Canada services PMI data showed o...Reuters
Wed, Jun 4
Turkey to press allies for access to EU defence funds
Cooperation needed more 'than ever before', Guler says Trump wants bloc spending target raised to 5% of GDPGuler tells Reuters U.S. should lift sanctions on TurkeyTurkey keen on making use of EU arms fundBy Tuvan Gumrukcu ANKARA, June 4 (Reuters) - Turkey will press European allies which ...Reuters
Wed, Jun 4
Trump says Fed's Powell must lower interest rate - Truth Social post
June 4 (Reuters) - U.S. President Donald Trump on Wednesday redoubled his calls for Federal Reserve Chair Jerome Powell to lower interest rates, noting that payroll processing firm ADP reported that job creation slowed in May."ADP number out. 'Too Late' Powell must now lower the rate. He...Reuters
Wed, Jun 4
Trump says Fed's Powell must lower interest rate - Truth Social post
June 4 (Reuters) - United States President Donald Trump on Wednesday called for Federal Reserve Chair Jerome Powell to lower interest rates, noting that payroll processing firm ADP reported that job creation slowed in May."ADP number out. 'Too Late' Powell must now lower the rate. He is...Reuters
Wed, Jun 4
US private payrolls growth slows sharply in May
WASHINGTON, June 4 (Reuters) - U.S. private payrolls increased far less than expected in May, the ADP National Employment Report showed on Wednesday.Private payrolls increased by only 37,000 jobs last month after a downwardly revised 60,000 rise in April. Economists polled by Reuters had forecast pr...Reuters
Wed, Jun 4
Breaking: Private sector employment in US rises 37,000 in May vs. 115,000 expected
Private sector employment in the US rose by 37,000 in May, the Automatic Data Processing (ADP) reported on Wednesday. This reading followed the 60,000 increase recorded in April and missed the market expectation of 115,000 by a wide margin.Fxstreet
Wed, Jun 4
