United States Continuing Jobless Claims came in at 1.814M, above forecasts (1.81M) in June 19

United States U6 Underemployment Rate declined to 7.9% in June from previous 8.1%

United States Unemployment Rate registered at 4.2%, below expectations (4.3%) in June

United States Initial Jobless Claims 4-week average dipped from previous 224.25K to 222K in June 26

United States Labor Force Participation Rate fell from previous 61.8% to 61.5% in June

United States Initial Jobless Claims below forecasts (220K) in June 26: Actual (215K)

United States Nonfarm Payrolls registered at 57K, below expectations (110K) in June

United States Average Weekly Hours in line with expectations (34.3) in June

United States Average Hourly Earnings (MoM) meets forecasts (0.3%) in June

MUFG’s Lee Hardman notes that softer Euro-zone inflation has pushed EUR/USD below support at 1.1400, with yields falling and markets less confident of another ECB rate hike. The ECB’s “milder” scenario now looks more likely, reducing pressure to tighten further.

Frantisek Taborsky at ING notes diverging PMI signals in Central Europe, with strong Czech sentiment and weaker Poland, but still expects Polish growth above 3% in 2026. Softer Polish inflation and a potentially dovish National Bank of Poland outlook are reflected in modest rate-cut pricing.

UOB strategist Quek Ser Leang highlights a constructive technical backdrop for the US Dollar Index (DXY), noting similarities with the 2021 and 2025 basing phases.

TD Securities’ Prashant Newnaha expects the Reserve Bank of New Zealand (RBNZ) to raise the Official Cash Rate (OCR) by 25bps to 2.50% at next week’s meeting, keeping policy too accommodative with the cash rate still below neutral.

When asked about the sudden spike in the Japanese Yen (JPY), Japan’s Finance Ministry declined to comment, per Reuters.

EUR/CAD rises after two days of losses, trading around 1.6200 during the European hours on Thursday. The pair remains stronger as the Euro (EUR) holds ground following the release of the Eurozone Unemployment Rate, which came in at 6.2% in May, against the 6.3% expected.

France 10-y Bond Auction fell from previous 3.8% to 3.73%

Spain 5-y Bond Auction declined to 2.835% from previous 2.947%

Spain 10-y Obligaciones Auction rose from previous 3.383% to 3.395%

The Dow Jones futures decline 0.15% to trade near 52,600, while S&P 500 futures fall 0.24%, trading near 7,520. Meanwhile, Nasdaq 100 futures lose 0.80% to trade near 29,850 during European trading hours on Thursday.

Commerzbank analysts note India’s final June manufacturing Purchasing Managers' Index (PMI) was revised down to 54.2, marking the second-slowest expansion in four years, with broad moderation across output, orders and employment.

The British Pound (GBP) remains tightly bound to the UK’s evolving inflation outlook and impending fiscal policy choices.

Italy Unemployment below expectations (5.1%) in May: Actual (5%)

Spain Unemployment Change above expectations (-40.8K) in June: Actual (-28.7K)

Deutsche Bank’s Early Morning Reid describes a mixed picture for US equities. The S&P 500 index slipped 0.22% as chip stocks sold off sharply, yet the equal‑weighted S&P 500 rose 0.24% to a new record.

France Budget Balance dipped from previous €-69.6B to €-93.3B in May

Commerzbank’s Volkmar Baur sees only a 50% market-implied probability for another Reserve Bank of Australia (RBA) hike this year and disagrees with that pricing.

Switzerland’s Consumer Price Index (CPI) rose by 0.5% year-over-year (YoY) in June, compared to a rise of 0.6% in May, the latest data published by the Swiss Federal Statistical Office  showed on Wednesday. The market consensus was for 0.5% growth in the reported period.

Switzerland Consumer Price Index (YoY) meets forecasts (0.5%) in June

Switzerland Consumer Price Index (MoM) came in at 0% below forecasts (0.1%) in June

Toshihiro Nagahama, a key private-sector member on Japanese Prime Minister Takaichi's Council on Economic and Fiscal Policy, comments on the Bank of Japan’s (BoJ) monetary policy decision.