Latest Finance-Economy News
U.S. jobs report jolts markets and lifts rate-hike bets
The May U.S. jobs report showed 172,000 jobs added, well above expectations, prompting investors to reassess the Federal Reserve outlook. Stocks fell, Treasury yields rose, and traders rotated away from high-growth and AI-linked names after the data.
Bond yields surge as investors reprice Fed policy
Following the jobs data, U.S. Treasury yields moved sharply higher, with the two-year yield rising and markets pricing in a more hawkish path. The move reflected stronger labor demand and reduced expectations for near-term easing.
Wall Street pulls back from the AI trade
Equity markets weakened after the employment surprise, with the Nasdaq falling more than the broader market. The report said investors were trimming exposure to AI-heavy stocks and other momentum trades as rates moved up.
Brent crude holds near the mid-$90s as markets digest macro risks
The market commentary around the jobs report noted Brent crude holding around $94 a barrel even as equities sold off. Energy prices remained supported despite broader risk-off sentiment in stocks.
ECB says the euro’s global role grew moderately in 2025
The European Central Bank said the euro’s share across indicators of global currency use reached around 20% in 2025. The report suggests the currency’s international standing improved modestly over the year.
China’s CIPS saw a sharp increase in settlement activity
The ECB noted that settlement activity on China’s Cross-Border Interbank Payment System rose by about one-third in March 2026 versus the average of the prior 12 months. The increase underscores continuing shifts in cross-border payments infrastructure and usage.
War-related disruption may accelerate renminbi use in oil markets
The ECB report said industry experts believe the conflict could help expand the renminbi’s role in global oil markets. That would add another channel through which geopolitical shocks influence reserve currency and trade settlement patterns.
Corporate offshore tax avoidance remains under scrutiny
A FACT Coalition briefing highlighted new reporting that around 500 companies disclosed more than $40 billion in tax savings from offshore haven jurisdictions in 2025. The group said the findings reinforce concerns about multinational tax shifting and revenue losses.
U.S. watchdog warns on shell-company ownership transparency
The FACT Coalition said a GAO report identified risks tied to weakening ownership reporting for anonymous shell companies. The warning centers on potential harm to markets and communities if transparency requirements are rolled back.
Markets brace for next week’s inflation data
Kiplinger’s economic calendar flagged upcoming U.S. CPI and core CPI releases as the key macro events ahead. Economists expect core CPI to rise 0.2% month over month, a pace slower than April’s 0.4% increase.