Eurozone unemployment rate in July at 6.4%
Eurozone unemployment rate for July was 6.4%, versus 6.3% estimated and 6.3% prior.
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Eurozone unemployment rate for July was 6.4%, versus 6.3% estimated and 6.3% prior.
Eurozone unemployment rate for July was 6.4%, versus 6.3% estimate and 6.3% prior.
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 300 points on Friday. The Dow traded up 0.30% to 54,048.67 while the NASDAQ rose 1.20% to 26,663.54. The S&P 500 also rose, gaining, 0.58% to 7,754.64. Leading and Lagging Sectors Materials shares jumped by 1.5% on Friday.
Summary US equity market looked to finish off quarter and month on an up note. Tech did a good portion of the heavy lifting, unwinding some the mega-cap weakness/rotations seen into quarters end. May JOLTS jobs data jumped up towards 7.6M openings pushing up Treasury yields marginally. EU CPI readings were broadly cool
Summary US equity market looked to finish off quarter and month on an up note. Tech did a good portion of the heavy lifting, unwinding some the mega-cap weakness/rotations seen into quarters end. May JOLTS jobs data jumped up towards 7.6M openings pushing up Treasury yields marginally. EU CPI readings were broadly cool
**Notes/Observations** - Month-end data flow was broadly constructive for the eurozone but added to the ECB's policy dilemma. French preliminary June CPI surprised to the downside at 1.8% y/y (vs 2.0%e), bringing headline inflation back to target for the first time in three months, while French consumer spending (+0.5%