Private hiring expanded at a brisk pace in May, providing further indication of a stable labor market, ADP reported Wednesday. The payrolls processing firm said companies added 122,000 workers for the month, up from 105,000 in April and better than the Dow Jones consensus
Softer GDP, easing inflation, and a cooling labor market reduce pressure for further RBA tightening, analysts expect. The Reserve Bank of Australia is expected to keep its cash rate at 4.35% through at least the first quarter of 2027, as weaker domestic demand and cooling
Economists forecast a modest increase in the May ISM Services PMI to 53.8, signaling continued but slowing expansion. The Institute for Supply Management is set to release the May Services PMI on Wednesday, with economists projecting a slight uptick to 53.8 from April’s 53
Markets forecast a modest uptick in U.S. services sector growth, signaling continued expansion but at a slower pace. The Institute for Supply Management’s May Services PMI is set for release Wednesday, with economists projecting a reading of 53.8, up from April’s 53.6. The
UK services PMI falls to 49.3 in May The UK services sector contracted in May, with the final services PMI reading at 49.3. This marks a decline from the prior month's 52.7. The decrease in business activity is attributed to subdued demand and rising input costs. T
Britain’s official reserves include gold, IMF SDRs, and its IMF tranche position, updated monthly via an IMF template. The UK released its May 2026 international reserves data, detailing holdings of gold, IMF special drawing rights (SDRs), and its reserves tranche position
Germany’s final services PMI for May rose to 48.1, exceeding the preliminary reading and signaling a slower contraction in the sector. Germany’s final services PMI for May was revised up to 48.1, above the preliminary estimate of 47.8 and the prior month’s 46.9. The readin
May services activity in Italy contracted more than expected, signaling weaker economic momentum amid rising global trade tensions. Italy’s services PMI dropped to 49.4 in May, below the 49.1 forecast and down from April’s 49.8. The reading indicates a contraction in the s
Prior 47.9 More to come.. Most Popular investingLive Asia-Pacific FX news wrap: Gulf escalation, yen jitters, & biggest IPO ever The US proposed tariffs of at least 10% on imports from around 60 countries under a Section 301 forced-labour probe, with higher 12.5% levies ta
Q1 GDP rises 0.3% amid strong domestic demand Australia's economy expanded 0.3% in Q1 2026, below forecasts, as a surge in data centre and fuel imports dragged on growth. The country's annual growth held at 2.5%, despite strong domestic demand. Private busi
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