According to a repot, the U.S. Nonfarm Payrolls released on Friday was overhyped, and it does not necessarily mean Fed will raise interest rates.
Author: Global Macro News Desk
The leaders of Europe’s largest countries will gather in London today to meet with the Ukrainian president regarding the war with Russia.
As the 100th day of the Iran War comes to a close, the European Central Bank is likely to raise interest rates next week.
What else happened during the week when the financial markets saw a sharp decline following the release of the nonfarm payroll data?
Following the release of strong nonfarm payroll data and the declining likelihood of a Fed rate cut, the costs for investors holding gold are rising.
Russian President Vladimir Putin called on the government to return the economy to a path of stable growth starting in 2027. In a speech delivered at the plenary session of the 29th St. Petersburg International Economic Forum on June 5, Putin said that one of the key conditions for achieving this goal is to increase investment and launch a new investment cycle. Putin stated that real investments in Russia increased by approximately 38 percent during the 2021–2024 period, but that this growth slowed last year. Putin stressed that launching a new investment cycle is one of the government’s top priorities…
According to sources, the U.S. government is working on a plan under which the government would hold stakes in certain artificial intelligence companies.
Why do strong non-farm payroll figures, which normally appear positive, cause declines in the gold and stock markets?
U.S. President Donald Trump says he can’t make sense of today’s sharp market decline and that the market should be rising.
U.S. President Donald Trump said he would not rule out meeting Iran’s new Supreme Leader if Washington and Tehran ultimately reach a nuclear agreement, as diplomatic efforts between the two countries continue alongside broader regional ceasefire negotiations. Trump Rules Out a Ground Operation in Iran, Citing the Risks Trump reiterated that the United States would never allow Iran to obtain nuclear weapons. He also claimed that previous U.S. strikes on Iranian nuclear facilities had “completely destroyed” those sites. According to Trump, the U.S. had considered deploying troops to Iranian nuclear facilities to remove enriched uranium but ultimately abandoned the idea…
