Market insights

US Non Farm Payrolls - MI070624

This afternoon sees the non farm payroll report in the US.

Analysts are expecting 185,000 jobs to have been added in May.

This would indicate a burgeoning economy in the US as full time work numbers are expanding.

Whilst that's the big number out today, it's not the only scheduled news with a bit of clout.

First off the bat is Eurozone GDP where quarterly growth of 0.3% is expected, and at the same time as the non farms there's Canadian unemployment.

After the US report the President of the ECB, Christine Lagarde, gives a speech, so it's shaping up to be a potentially lively day.

If that wasn't enough the early hours of Monday sees Japanese GDP numbers. The expectation there is for quarterly contraction of -0.5%.

Business news centres on the often mentioned UK rental market. Rental prices are far outstripping property price increases as landlords pass on the increased rate of borrowing.

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Economic calendar

EUR: 10:00 GDP Report

CAN: 13:30 Unemployment Rate

US: 13:30 Non Farm Payrolls

EUR: 15:15 ECB's Christine Lagarde Speech

JPN: Monday 00:50 GDP Report

As ever we look forward to keeping you in the loop and look out for our next update.

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