News
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Accelerating Wage Growth Lays Groundwork for Further Rate Hikes—Japan’s Tightening Path Comes Into Focus
TradingKey - Japan’s April wage data showed that core wages rose 2.5% year-over-year, marking the 20th consecutive month above the 2% threshold and indicating a certain level of resilience in the upward trend.TradingKey
Thu, Jun 5
GBP/USD: Unlikely to break clearly above 1.3600 – UOB Group
A slight increase in upward momentum suggests an upside bias, but Pound Sterling (GBP) is unlikely to break clearly above 1.3600. In the longer run, GBP must first close above 1.3600 before a sustained advance can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Jun 5
JPMorgan Chase sees growth in Asia Pacific private credit market
SINGAPORE, June 5 (Reuters) - JPMorgan Chase JPM.N sees significant growth potential in Asia Pacific's private credit market, focusing on countries across Asia and including Australia and India, Serene Chen, the bank's Asia Pacific head of credit, currency, and emerging market sales, said o...Reuters
Thu, Jun 5
UK new car sales recover in May as EV discounts attract buyers, SMMT data shows
June 5 (Reuters) - Britain's new car sales rose from a year earlier in May, marking the second month of recovery in 2025, amid heavy discounting by electric vehicle makers, a report by the Society of Motor Manufacturers and Traders (SMMT) showed on Thursday. Chinese EVs have been rapidly expa...Reuters
Thu, Jun 5
Greek Q1 unemployment rises to 10.4%
June 5 (Reuters) - Greece's jobless rate rose to 10.4% in the first quarter from 9.5% in the fourth quarter of 2024, data by the country's statistics service ELSTAT showed on Thursday.The jobless rate for women was 12.9% versus 8.3% for men in the first quarter.About 51% of Greece's 488,...Reuters
Thu, Jun 5
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
