Macroeconomic review. Business and inflation: United States, Euro area, and Russia USA
1. Nonfarm Payrolls grew by 642 thousand in June, after growth by 886 thousand in May.
2. Jobless Claims number was 364 thousand in the previous week, after 415 thousand a week earlier.
3. Core PCE Price Index increased 3.9% in May, after 3.6% growth in June.
Movements in American stock prices were small and divergent during Monday trading session
The market was evaluating statements by U.S. Treasury Secretary Janet Yellen. In addition, the main intrigue was related with anticipation of data on May consumer price movements.
Feeble labor market data has brought hope Federal Reserve will put tightening its monetary policy on hold. That said, quite logically, technologies were among the day’s leaders.