US JOLTS came in 7.67M vs 8.1M exp. and 8.184M previously
- Factory Orders came in 5% vs 4.8% exp. and -3.3% previously
- US Core Durable Goods (revised): -0.2% vs -0.2% exp. and -0.2% previously
In the first reaction, US500 loses after weaker than expected US labor market report. Short-term US interest rates futures underline a Fed 50 bps rate cut in September. Now the 25 bps cut is more likely, according to markets.
Source: xStation5
Economic Calendar: Markets Await Reports from Procter & Gamble and Western Digital 💡
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Russia is selling off gold reserves. Why, to whom, and does it matter for the market?
BREAKING: US oil inventories fall more than expected, but distillate build cools enthusiasm