US non-farm payroll figures for May were released today at just 38,000 jobs created over analysts’ expectations of 162,000. Despite the overall unemployment figure for the US being at its lowest since 2007 this latest figure has come in under the markets expectations. The figure has dramatically reduced anticipation of a June interest rate increase as well as causing 10 year government debt yields to tumble across the globe with equity markets and the dollar witnessing a sharp selloff. Economists have warned that freak weather and large scale strikes in the US will have caused some dispersion to reliability of May’s figures.
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Strong US Inflation data
Strong US Inflation data
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ECB begins its Corporate Sector Purchase Programme
ECB begins its Corporate Sector Purchase Programme