Citing people familiar with the matter, the Wall Street Journal reported on Monday that United States (US) President Donald Trump gave the green light to his representatives, led by Treasury Secretary Scott Bessent, to lift export controls on a variety of Chinese products in trade talks with China i
Today is that time again – Payroll Friday. The first Friday of the month when, as is traditional, the US labor market report is published. According to Bloomberg, the consensus expectation is that the US economy created 126,000 new jobs in May.
Economic activity in the US manufacturing sector lost momentum in May, with the ISM Manufacturing PMI receding to 48.5 from 48.7 in April, coming in below analysts’ estimates of 49.5.