Canada May S&P Global services PMI 45.6  vs 41.5 prior
Canada May S&P Global services PMI 45.6 vs 41.5 prior
Canada service sector survey from S&P Global for May 2025
ADP May employment +37K vs +110K prior
ADP May employment +37K vs +110K prior
Weak reading for the May survey of jobs from ADP
ForexLive European FX news wrap: Light changes as markets wait on trade developments
ForexLive European FX news wrap: Light changes as markets wait on trade developments
Forex news from the European morning session on Jun 4, 2025
Session wrap
Wrap Europe
Watch out for these two key macro risks ahead
Watch out for these two key macro risks ahead
The current expectations see global growth improving and disinflation remaining on track. Changes in these expectations will move the markets a lot.
market overview
US MBA mortgage applications w.e. 30 May -3.9% vs -1.2% prior
US MBA mortgage applications w.e. 30 May -3.9% vs -1.2% prior
Latest data from the Mortgage Bankers Association for the week ending 30 May 2025
Interest rate expectations remain largely the same amid lack of changes in macro picture
Interest rate expectations remain largely the same amid lack of changes in macro picture
It's been one of the longest consolidations in a while as the lack of key macro developments keeps traders waiting for something new
market overview
Dollar a touch lower in European morning trade
Dollar a touch lower in European morning trade
Not a whole lot in it during the session so far
market overview
UK May final services PMI 50.9 vs 50.2 prelim
UK May final services PMI 50.9 vs 50.2 prelim
Final data released by S&P Global - 4 June 2025
Eurozone May final services PMI 49.7 vs 48.9 prelim
Eurozone May final services PMI 49.7 vs 48.9 prelim
Latest data released by HCOB - 4 June 2025
Germany May final services PMI 47.1 vs 47.2 prelim
Germany May final services PMI 47.1 vs 47.2 prelim
Final data released by HCOB - 4 June 2025
France May final services PMI 48.9 vs 47.4 prelim
France May final services PMI 48.9 vs 47.4 prelim
Latest data released by HCOB - 4 June 2025
Italy May services PMI 53.2 vs 52.0 expected
Italy May services PMI 53.2 vs 52.0 expected
Latest data released by HCOB - 4 June 2025
Spain May services PMI 51.3 vs 52.8 expected
Spain May services PMI 51.3 vs 52.8 expected
Latest data released by HCOB - 4 June 2025
European indices marked higher at the open today
European indices marked higher at the open today
The positive run continues after the gains yesterday
Stocks
Trump says it is extremely hard to make a deal with Xi
Trump says it is extremely hard to make a deal with Xi
US president Trump comments on Truth Social
Politics
What are the main events for today?
What are the main events for today?
The highlights include the US ADP, the US ISM Services PMI and the BoC Policy Announcement
market overview
US and Canada to strike trade deal as early as next week?
US and Canada to strike trade deal as early as next week?
Canadian sources say that it could be done before the G7 summit on 15 June
Politics
A more subdued mood ahead of European trading today
A more subdued mood ahead of European trading today
Major currencies are not doing much so far on the day
market overview
ForexLive Asia-Pacific FX news wrap: A subdued range session for major FX
ForexLive Asia-Pacific FX news wrap: A subdued range session for major FX
Forex news for Asian trading on Wednesday, June 4, 2025
Session wrap
Wrap Asia
Australian Q1 2025 GDP 0.2% q/q (vs. expected 0.4%)
Australian Q1 2025 GDP 0.2% q/q (vs. expected 0.4%)
There were some estimates revised sharply lower going into this data
US FBI Director: China target our food supply, putting American lives serious risk
US FBI Director: China target our food supply, putting American lives serious risk
This related to the news that two Chinese nationals have been charged for smuggling potential bioterror fungus into the US
China
Iran open to nuclear deal around the idea of a regional uranium enrichment consortium
Iran open to nuclear deal around the idea of a regional uranium enrichment consortium
Iran is open to basing a nuclear deal with the U.S. around the idea of a regional uranium enrichment consortium, so long as it is located within Iran
Trump ramping up steel tariffs by double is likely to cut jobs in US manufacturing
Trump ramping up steel tariffs by double is likely to cut jobs in US manufacturing
Steel manufacturing jobs boosted, outweighed by broad manufacturing job losses elsewhere
Politics
USD
Oil: private survey of inventory shows a larger headline crude oil draw than expected
Oil: private survey of inventory shows a larger headline crude oil draw than expected
This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.
Trump and Xi to talk on Friday? That's the latest chatter.
Trump and Xi to talk on Friday? That's the latest chatter.
Trump "is obsessed with having a call with Xi”
Politics
China