- US Productivity Revised Actual 2.2% (Forecast 2.2%, Previous 2.2%)
- US Productivity Revised Actual 2.2% (Forecast 2.2%, Previous 2.2%)
- US Labor Costs Revised Actual 0.8% (Forecast 1.25%, Previous 1.9%)
U.S. productivity came in line with expectations and remains strong, potentially influencing monetary policy over time, though it’s not an immediate market driver. A lower labor costs signals a disinflationary trend, reducing immediate wage-related price pressures.
Daily Summary: NATGAS and OIL are holding up amid the turmoil surrounding Iran and contract rollovers ๐ก
Bond yields highest since 2007
German Ifo stronger than expected but DE40 loses
Swiss SNB and Swedish Riksbank decided on interest rates ๐ณ SEK and CHF react