JUNE JOBS REPORT IN FOCUS Markets expect the U.S. to have added 114,000 jobs in June, down from 172,000 in May, with unemployment seen at 4.3%. A resilient labor market could keep the Fed cautious on rate cuts, while a weaker-than-expected report may boost easing hopes. Economists expect limited market reaction unless payrolls or wage growth significantly exceed forecasts. *Walter Bloomberg (@DeItaone) / Twitter · 07-02 18:31
SPOT GOLD EXTENDS GAINS AFTER FED CHAIR KEVIN WARSH'S COMMENTS, LAST UP NEARLY 2% AT $4,086.09/OZ *Walter Bloomberg (@DeItaone) / Twitter · 07-01 22:44
SPOT GOLD SLIGHTLY EXTENDS GAINS AFTER ADP DATA, LAST UP 0.5% AT $4,025/OZ *Walter Bloomberg (@DeItaone) / Twitter · 07-01 21:17
BARCLAYS SEES CRACKS IN U.S. EQUITY DOMINANCE Barclays says U.S. stocks still dominate, with record June inflows of about $150B. But crowded dollar positioning, AI volatility, lower oil prices, and stretched U.S. equity flows may spark renewed interest in Europe. Despite risks from Fed uncertainty and summer volatility, strong earnings momentum remains a key support for stocks. *Walter Bloomberg (@DeItaone) / Twitter · 07-01 19:49
CITADEL WARNS OF TOUGHER FED Citadel Securities says investors underestimate Fed Chair Kevin Warsh's commitment to lowering inflation, warning higher rates could weigh on risk assets. The firm also cautions that the AI rally faces growing risks from weaker demand, falling returns, and increasing political and regulatory scrutiny. *Walter Bloomberg (@DeItaone) / Twitter · 06-30 00:00
DALLAS FED TEXAS MANUFACTURING INDEX OF GENERAL BUSINESS ACTIVITY 0.0 IN JUNE VS 0.4 IN MAY *Walter Bloomberg (@DeItaone) / Twitter · 06-29 23:30
U.S. SUPREME COURT DECLINES TO LET TRUMP REMOVE FEDERAL RESERVE GOVERNOR LISA COOK *Walter Bloomberg (@DeItaone) / Twitter · 06-29 23:16
FED SEEN HOLDING RATES Amundi expects the Federal Reserve to keep interest rates unchanged in the coming months. The firm sees a possible rate cut in 2027 if inflation continues to ease, but warns stronger growth or higher energy prices could increase the risk of future rate hikes. *Walter Bloomberg (@DeItaone) / Twitter · 06-29 22:05
IMF: U.S. GROWTH REMAINS STRONG The IMF says the U.S. economy continues to show solid growth, citing the upward revision of first-quarter GDP to 2.1%. The fund expects inflation to gradually ease to the Federal Reserve's 2% target by 2027 and supports the Fed's decision to keep interest rates unchanged for now. *Walter Bloomberg (@DeItaone) / Twitter · 06-26 00:38
BOFA TURNS MORE BULLISH ON THE DOLLAR Bank of America cut its euro forecasts and now expects a stronger U.S. dollar in the second half of 2026, citing resilient U.S. economic data and a hawkish Federal Reserve. The bank sees EUR/USD ending Q3 at 1.12 and 2026 at 1.15, while warning that further Fed tightening could keep pressure on the euro. *Walter Bloomberg (@DeItaone) / Twitter · 06-25 23:59
Yen weakens to 40-year low