Japanese Wages Unexpectedly Soar At Fastest Pace In 24 Years As Spending Crashes

In his summary of today’s (disappointing) ADP report, Mark Zandi said that “Business’ number one problem is finding qualified workers. At the current pace of job growth, if sustained, this problem is set to get much worse. These labor shortages will only intensify across all…

With Trade War Looming, Futures Spike On Report Of US-EU Auto Tariff Talks

Bulletin Headline Summary from RanSquawk European equities positive as auto names drive gains, on suggestions that US is ready to give car tariffs a break UK markets react to an upbeat Carney after the BoE chief suggests Q1 softness was largely due to weather Looking…

US Futures Rebound Amid Emerging Markets Rout; China Drops To 2 Year Low

Bulletin Headline summary from RanSquawk European equities are lower across the board (Eurostoxx 50 -0.6%) as trade tensions continue to weigh on sentiment DXY remains above 95.00 in European trade after an early bout of strength (now off best-levels) Looking ahead, highlights include German national…

Global Stocks Dive On Fears Of “Irreversible” Trade War; Italian Bonds, Turkish Lira Tumble

Bulletin Headline Summary from RanSquawk: Trump is said to be planning new restrictions on tech exports to China PBoC says they are to cut the re-lending rate for SME loans by 50bps, following the RRR cut over the weekend Looking ahead, highlights include, US New…

Global Markets Tumble As Trade War Fears Spike; China Crashes

Bulletin headline summary from RanSquawk DAX and FTSE at 1 month lows in sour risk tone as Trump issues USD 200bln tariff threat Tariff threats send the DXY to YTD high Looking ahead, highlights include, the Technical committee meeting between OPEC and non-OPEC members, ECB’s…

Global Stocks, Futures Tumble On Trade War, Merkel Shock; Oil Volatile Ahead Of Meeting

Bulletin Headline Summary from RanSquawk: Oil rebounds on OPEC source reports mentioning an output hike of 300k-600k bpd (vs. 1.5mln bpd touted previously) The Dollar is mixed overall, but the index did revisit 95.000+ ytd peaks (around 95.150) Looking ahead, highlights include comments from Fed’s…

Futures Slide On Quad-Witch Friday As US-China Trade War Begins; Chinese Stocks Tumble

Bulletin Headline Summary from RanSquawk US President Trump set to impose USD 50bln of tariffs on Chinese imports BoJ keeps monetary policy unchanged as expected but cut its assessment on inflation, ECB’s Nowotny underlines QE and rate guidance Reports that Germany’s CSU/CDU alliance is at…

Angola: Video Shows Apparent Execution by Police

Expand A still from a video recorded by a witness to an apparent summary killing in Luanda, Angola, on June 1, 2018. © Private (Johannesburg) –Angolan authorities should promptly investigate the apparent summary execution of a criminal suspect by police officers in Luanda that was captured…

Big-Tech & Small-Caps Record High But Bonds, Bullion, & Black Gold Bounce

This seemed appropriate… Quick summary – ISM/PMI beat (good news) and stocks sank but as Europe closed (Italy was ugly again today), so a mysterious bid returned to US stocks – the Dow and S&P scrambled back green briefly, Nasdaq and Small Caps surged again…