British service sector purchasing managers index

Dollar a Bit Softer and Equities Up Ahead of Labor Dept U.S. Report on Employment Situation

May 3, 2024

Fed Chairman Powell’s quelling of interest rate hike fears has alleviated investor concerns for now. It would probably take a significant overshoot of jobs and wage growth in today’s April data to remove that hopeful mood. Investors are anticipating a 240k rise in non-farm payrolls and marginally slower on-year wage growth of about 4.0%. U.S. […] More

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