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China's June RatingDog services PMI due in 10 minutes.

2026-07-03

China's June RatingDog services PMI due in 10 minutes.

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2026-07-02

Markets had been pricing an earlier Fed hike on several consecutive strong payroll prints; this report breaks that continuity. The unemployment rate fell while labor force participation slipped to 61.5%, implying the lower jobless rate is not unambig

Markets had been pricing an earlier Fed hike on several consecutive strong payroll prints; this report breaks that continuity. The unemployment rate fell while labor force participation slipped to 61.5%, implying the lower jobless rate is not unambiguously demand-driven. Wage growth paired with low unemployment makes it hard for the Fed to justify pivoting to easing on the basis of a single weak payroll print. Market takeaway: the data delays pressure for earlier hikes rather than eliminating the possibility of further rate moves.
2026-07-03

The People's Bank of China (PBOC) announced today that it conducted 63 billion yuan of 7-day reverse repurchase operations, with both the bid and winning bids amounting to 63 billion yuan. The operating rate was 1.40%, unchanged from the previous rat

The People's Bank of China (PBOC) announced today that it conducted 63 billion yuan of 7-day reverse repurchase operations, with both the bid and winning bids amounting to 63 billion yuan. The operating rate was 1.40%, unchanged from the previous rate.
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