Non-farm payrolls (NFP) news

Stay ahead of the curve with our dedicated non-farm payrolls (NFP) page. This crucial economic indicator provides a snapshot of US employment, excluding agricultural workers, and has a significant impact on financial markets. Here, you'll find up-to-the-minute coverage of NFP releases, including expert analysis of the data, its implications for the Federal Reserve's monetary policy, and its influence on various asset classes. Explore forecasts, understand market reactions, and gain insights into the broader economic trends revealed by this key report.

OPEC+ not as unified as it appears

Oil pares gains as traders question OPEC+ unity The Saudis got their output cut after intense negotiations over the weekend; the only downside being that no one else opted to be a part of it until the start of 2024. It became clear last week that Saudi Arabia was going to be pushing for a cut at the weekend meeting and that getting others on board may prove difficult.

05-06-2023 12:10 GMT by Craig Erlam

Japanese yen slips below 140 after US nonfarm payrolls

US nonfarm payrolls surges to 339,000 Japan releases household spending and average cash earnings early Tuesday USD/JPY has drifted lower on Monday and is trading at 139.65, down 0.23%. The yen fell close to 1% on Friday after a sizzling US nonfarm payrolls report. Japan's economy has been showing signs of recovery, notably in manufacturing and services, where the May PMIs accelerated and beat the forecasts.

05-06-2023 12:01 GMT by Kenneth Fisher