China’s Caixin PMI Services rose modestly from 50.7 to 51.1 in May, aligning with expectations. However, the gain in services was not enough to offset the drag from manufacturing, as PMI Composite slipped into contraction at 49.6, its first reading below 50 since December 2022. Wang Zhe of Caixin Insight Group noted that the manufacturing […]
The post China’s Caixin PMI composite falls to 49.6, contracts for first time since 2022 appeared first on Action Forex.
Bitcoin has been on a tear lately, crossing the $110,000 mark in May. Rebecca Walser, CEO, Walser Wealth Management, joined TheStreet to discuss why blockchain could be the future of currency. Related: Why this NBA Read more…
Canada’s employment grew 8.8k in May, better than expectation of -11.9k fall. Growth in full-time employment (+58k; +0.3%) was offset by a decline in part-time work (-49k; -1.3%). Unemployment rate rose from 6.9% to 7.0%, Read more…
US non-farm payroll employment rose 139k in May, above expectation of 130k. That’s slightly below average monthly gain of 149k over the prior 12 months. Unemployment rate was unchanged at 4.2%, matched expectations. Participation rate Read more…