* May jobs report shows 172,000 jobs added, double expectations, jobless rate steady at 4.3% * Analysts say strong labor data increases likelihood of Fed rate hike by December. * 2-year Treasury yield hits 15-month high, yield curve flattens to narrowest since March. By Karen Brettell.
* US economy added 172,000 jobs last month. * Gold headed for weekly drop. * Markets see 68% chance of rate hike in December. * Silver, platinum, palladium headed for weekly declines. By Anjana Anil.
U.S. interest rate futures on Friday increased the chances that the Federal Reserve will raise interest rates by the December policy meeting after a blockbuster payrolls number for May, which sharply exceeded market expectations. The rate futures market has now priced in a 68.4% chance of Fed tightening in December, compared with 52% late on Thursday, according to CME's FedWatch.
U.S. interest rate futures on Friday increased the chances that the Federal Reserves will raise interest rates by the December policy meeting after a blockbuster payrolls number for May, which sharply exceeded market expectations. The rate futures market has now priced in a 65% chance of Fed tightening in December, compared with just 48% before the jobs report, according to LSEG estimates.
Several Chinese banks have raised dollar deposit rates in recent weeks, sources said, in a move some traders say is likely aimed at slowing the pace of yuan appreciation. At least five commercial banks, ranging from state-owned lenders to smaller joint-stock banks, have lifted the dollar deposit rates they offered to their clients, according to the sources with knowledge of the matter.
U.S. Treasury yields jumped on Friday after data showed that employers added more jobs than economists expected in May. Employers added 172,000 jobs during the month, far above the expected 85,000 in jobs gains.
U.S. stock index futures extended declines on Friday after a stronger-than-expected jobs report further fueled expectations for the Federal Reserve to hike interest rates this year. A Labor Department report showed the U.S. economy added 172,000 jobs last month, compared with economists' estimates for a rise of 85,000.
The U.S. economy posted another month of strong employment gains in May, confirming that the labor market was gaining traction after stumbling last year, and potentially giving the Federal Reserve more room to keep interest rates unchanged amid rising inflation stemming from the war with Iran.
U.S. stock index futures extended declines on Friday after a stronger-than-expected jobs report further fueled expectations for the Federal Reserve to hike interest rates this year. A Labor Department report showed the U.S. economy added 172,000 jobs last month, compared with economists' estimates for a rise of 85,000.
* Low layoffs contribute to a 'slow-hire, slow-fire' labor market equilibrium, economists note. * No significant jobs impact seen yet from oil price surge due to Strait of Hormuz disruptions. * Tax and tariff refunds credited with supporting corporate profits and limiting layoffs. By Lucia Mutikani.
* Job growth offsets almost all losses since start of 2026. * Unemployment rate falls to its lowest level since January. * Job gains concentrated entirely in full-time employment, StatsCan said. * Youth unemployment declined 0.9 percentage points to 13.4% By Promit Mukherjee.
* Businessmen say authorities pushed economy into stagnation. * Uralchem owner likens central bank to hostile Western countries. * Sberbank CEO says some growth 'already a miracle' By Gleb Bryanski.
Nokia Oyj (NOK): * ISSUES EUR 500 MILLION SENIOR UNSECURED NOTES AND APPLIES FOR NOTES TO BE LISTED ON EURONEXT DUBLIN. * NOTES WILL MATURE ON 5 JUNE 2032, AND CARRY A FIXED ANNUAL COUPON OF 3.625% * NOTES TO BE LISTED ON REGULATED MARKET OF EURONEXT DUBLIN.
The S&P 500 and the Nasdaq were set to fall at market open on Friday, as chipmakers lost steam following a sharp rally, while a stronger-than-expected monthly jobs report raised expectations of a hawkish monetary policy. Nonfarm payrolls rose by 172,000 jobs in May after increasing 115,000 in April.
Federal Reserve officials' waning concern about the job market, so intense at the start of the year that it supported calls by many of them for interest rate cuts, will be tested on Friday with new data that also frames the opening debate of Kevin Warsh's term as head of the U.S. central bank.
* IPO for Elon Musk's SpaceX expected on June 12. * CPI data on Wednesday to show latest inflation trends. * Oracle, Adobe results come as tech leads market higher. By Lewis Krauskopf. The long-awaited, massive SpaceX initial public offering is expected next week, a major event for the U.S. stock market, with investors wary of possible overexuberance after a stunning rally.
* Futures: Dow up 0.22%, S&P down 0.34%, Nasdaq down 0.82% U.S. stock index futures fell on Friday, as chipmakers lost steam following a strong rally and investors stayed cautious ahead of the May employment report, which could shape expectations for the Federal Reserve's policy path. Semiconductors led the declines.
Greece's jobless rate rose to 10.6% in the first quarter from 8.3% in the fourth quarter of 2025, data by the country's statistics service ELSTAT showed on Friday. The jobless rate for women was 13.9% versus 7.9% for men in the first quarter. About 49.0% of Greece's 508,401 jobless are long-term unemployed, meaning they have been out of work for at least 12 months, the figures showed.
The public listing of SpaceX will take centre stage as it looks likely to become one of the top 10 most valuable U.S. listed firms after it goes public, while a rate hike from the European Central Bank on Thursday seems nailed on. Elsewhere, China releases a bunch of data and the OPEC+ group meets to decide its oil output quotas against the backdrop of the Iran war.
The public listing of SpaceX will take centre stage as it looks likely to become one of the top 10 most valuable U.S. listed firms after it goes public, while a rate hike from the European Central Bank on Thursday seems nailed on. Elsewhere, China releases a bunch of data and the OPEC+ group meets to decide its oil output quotas against the backdrop of the Iran war.
* Unemployment rate likely remained at 4.3% for third straight month. * Employment report likely to show labor market remains in a "slow-hire, slow-fire" state. By Lucia Mutikani. U.S. employment growth likely moderated in May after two straight months of strong gains, but the pace would probably remain consistent with stable labor market conditions.
Japanese government bonds held steady on Friday, while short-term yields were poised for a weekly advance as market bets solidified around policy tightening by the central bank. Here are a few details: * The benchmark 10-year JGB yield fell 1 basis point to 2.660%. Yields move inversely to bond prices.
Gold prices edged lower on Friday,
and were set for a weekly loss, as tensions in the Middle East
dampened hopes for a U.S.-Iran peace deal amid rising inflation
and rate-hike fears.
Japan's real wages climbed 1.9% in April from a year earlier, government data showed on Friday, marking a fourth consecutive monthly gain, as higher special payments boosted overall earnings and improved household purchasing power.
Japan's real wages climbed 1.9% in April from a year earlier, government data showed on Friday, marking a fourth consecutive monthly gain, as higher special payments boosted overall earnings and improved household purchasing power.
Australian home prices are set for their weakest growth since 2022 this year, as higher mortgage rates and cost-of-living pressures keep many first-time buyers out of the market, a Reuters poll of property analysts showed.
* Jobless claims rise above forecasts. * Oil prices fall on hopes for US-Iran deal. * Fed officials signal inflation as priority. By Chuck Mikolajczak. U.S. Treasury yields fell on Thursday after labor market data was softer than expected, while oil prices retreated on renewed hopes that a deal to end the U.S.-Israeli war with Iran could be reached.
Kansas City Federal Reserve President Jeffrey Schmid said on Thursday that the U.S. central bank's choice now is between being patient and holding interest rates steady or hiking rates to tamp down inflation that has been above target for years. "The big question now is do we stay patient?"
Kansas City Fed president Jeffrey Schmid said Thursday that the U.S. central bank's choice now is between being patient and holding interest rates steady or rate hikes to tamp down inflation that has been years above target. "The big question now is do we stay patient?"
San Francisco Federal Reserve President Mary Daly on Thursday said that while she believes AI over a five- to 10-year window could be a deflationary force, the effect is "not a pressing issue" for monetary policy which operates on a 12-month horizon.
* Boston Fed paper says changes in US energy use bear on Fed policy response. * Boston Fed researchers say Fed can concentrate on inflation issues amid current shock. * Some Fed officials weighing need for rate hikes to combat high inflation. By Michael S. Derby.
Canada unveiled a new artificial intelligence strategy on Thursday that it says will help create 250,000 jobs by 2031 and includes a new C$500 million tech fund to help homegrown AI firms.
Global supply chains remained under pressure in May as a result of the war in the Middle East, data from the New York Federal Reserve showed on Thursday, suggesting inflation pressures will remain formidable for the foreseeable future. The regional Fed bank's latest Global Supply Chain Pressure Index ebbed modestly to 1.77 from an unrevised 1.82 in April.
* Jobless claims rise above forecasts. * Oil prices fall on hopes for US-Iran deal and Israel-Lebanon ceasefire. * Fed's Lorie Logan says policy may be too loose. By Chuck Mikolajczak. U.S. Treasury yields were lower on Thursday, after labor market data was softer than expected, while oil prices tumbled on renewed optimism a deal to end the war between the U.S. and Iran could be reached.
The number of Americans filing claims for unemployment benefits increased more than expected last week, touching their highest level in four months, but the underlying trend remained consistent with a stable labor market. Economists shrugged off the rise in weekly jobless claims reported by the Labor Department on Thursday as volatility related to last Monday's Memorial Day holiday.
The number of Americans filing claims for unemployment benefits increased more than expected last week, but the underlying trend remained consistent with a stable labor market. Initial claims for state unemployment benefits rose 13,000 to a seasonally adjusted 225,000 for the week ended May 30, the Labor Department said on Thursday.
16 meeting. * Ueda all but cemented June hike in hawkish narrative pivot. * Board to scrutinise war developments in reaching final decision. * No explicit opposition from dovish administration so far. * BOJ eyes pause or slowdown in bond taper next fiscal year. By Leika Kihara.
The Bank of Japan is expected to raise interest rates this month unless a sharp escalation in the Middle East conflict upends markets, three sources said, as rising fuel costs from the energy shock add to mounting price pressure in the economy.
* BOJ likely to raise policy rate to 1% at June 15-16 meeting. * Ueda all but cemented June hike in hawkish narrative pivot. * Board to scrutinise war developments in reaching final decision. By Leika Kihara.
The Federal Reserve's quarterly "dot plot" rate forecasts may soon lose their last projected rate cut, the so-called easing dot, and the plot itself could possibly disappear altogether. The new Fed chair is busily setting out his stall and dutifully consulting staff before his first policy meeting later this month.
Technip Energies NV: * ANNOUNCES THE PRICING OF ITS ?500 MILLION NOTES MATURING IN 2033. * NOTES OFFERING CLOSING ANTICIPATED ON JUNE 10, 2026. * OFFERING WAS MORE THAN FIVE TIMES OVERSUBSCRIBED AMONG A BROAD EUROPEAN INVESTOR BASE. * AGGREGATE PRINCIPAL AMOUNT OF 4% SENIOR UNSECURED NOTES Source text: Further company coverage:
Egypt is finalising plans for its first yen-denominated bond sale in three years, foreign minister Badr Abdelatty told Reuters on a trip to Japan on Thursday. The African Development Bank said in December it would partially guarantee Cairo's planned $500 million-equivalent Samurai bonds on the Japanese markets this year.
Japan's government expects the Bank of Japan to conduct appropriate monetary policy toward a sustainable 2% inflation target that is driven by wage growth in close coordination with the government, Chief Cabinet Secretary Minoru Kihara said on Thursday.
Japanese government bond yields were varied on Thursday, with the benchmark edging higher while short-end yields extended gains as investors weighed firmer Bank of Japan rate-hike expectations and global inflation concerns.
* Fed's Beige Book highlights inflationary pressures, modest growth. * Outlook for economic growth uncertain, with signs of weak consumer spending. * Warsh convenes his first policy meeting as Fed chief in two weeks. * Fed's Logan says she is concerned a rate hike may be needed. By Ann Saphir and Howard Schneider.
Federal Reserve Chairman Kevin Warsh inherits an economy bolstered by an AI investment boom but pinched by rising prices from the Iran war, a Fed survey showed on Wednesday, setting up a fight over an interest rate hike when he runs his first policy meeting in two weeks.
CES Energy Solutions Corp (CESDF): * CES Energy Solutions Corp (CESDF). ANNOUNCES REFINANCING OF ITS 6.875% SENIOR UNSECURED NOTES WITH 5.625% SENIOR UNSECURED NOTES. * CES ENERGY SOLUTIONS (CESDF) - ANNOUNCES $300 MILLION PRIVATE PLACEMENT OF 5.63% NOTES DUE JUNE 15, 2033.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
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