In an interview with CNBC on Friday, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said that the job market is "pretty stable."
ING’s Carsten Brzeski highlights that German industrial production weakened further in March, with a 0.7% monthly decline leaving first-quarter output more than 1% below late 2025 levels.
Commerzbank strategists expect Brent to retain a significant risk premium even if a US–Iran agreement is reached and the Strait of Hormuz reopens.
Nomura’s George Buckley and team argue that even a swift resolution to the US-Iran war and reopening of the Strait would not necessarily stop the European Central Bank (ECB) from raising rates in June.
Royal Bank of Canada (RBC) economist Claire Fan notes that Canada lost 18,000 jobs in April, bringing total job losses in 2026 to 112,000, while the unemployment rate rose to 6.9%. Hours worked were flat and participation increased.
American consumer confidence is expected to have deflated in early May, as households have been growing more pessimistic about current conditions and the broader economic outlook, according to preliminary data from the University of Michigan.
Commerzbank’s Bernd Weidensteiner notes that United States (US) employment rose by 115,000 in April, beating expectations and signaling a recovery after prior weakness. The six‑month average of job gains is picking up again, supported by strong corporate profits and favorable financing conditions.
ING’s Frantisek Taborsky reports that the Czech National Bank and National Bank of Poland kept rates unchanged but signalled different risk balances. He sees limited scope for further tightening in Czech Republic and a prolonged hold in Poland with conditional tightening risks.
TD Securities strategists Robert Both and Emma Lawrence note that weaker Canadian employment in April, including job losses and a higher unemployment rate, is unlikely to bring the Bank of Canada (BoC) closer to rate cuts.
Geopolitical tensions intensified on Friday after reports from US and Iranian media regarding military operations around the Strait of Hormuz.
TradingKey - On May 8, ET, April non-farm payroll data showed that 115,000 jobs were added during the month, which, although a significant slowdown from the 178,000 growth in March, outperformed marke
TD Securities strategists expect April United States (US) Consumer Price Index (CPI) to show firmer inflation, with core CPI seen at 0.38% m/m and 2.8% y/y, and headline at 0.56% m/m and 3.7% y/y.