Today’s decline in the WEI for the week of May 2 is driven by decreases in steel production and retail sales, as well as a small drop in consumer confidence. The upward revision of the WEI for the week of April 25 is a result of the decline in this morning’s staffing index release being less negative than previously available data.
USDJPY: another intervention by Japanese authorities, yen gains 1.00% 📌
Economic calendar: ADP report and PMI data from Europe 🔎
Morning wrap (06.05.2026)
Daily Summary: Wall Street Hits New Records as Oil Prices Cool