Key economic developments – strong US jobs, strong Canada jobs, strong Eurozone IP, weak UK activity, Japan wages growth, solid Australian PMIs.

US jobs growth momentum remains strong US jobs growth six-month average 180K, three-month average 194K. ISM employment indicators recovered from recent lows in April (51.4 & 52.0) to 55.8 and 57.2 in June for non-mfg and mfg respectively. Unemployment and broader under-employment measures rose from their lows in May, stabilizing after a sharp fall this […]