Data from the USA and Switzerland indicate moderate economic stability.
Data on job openings in the USA (JOLTS) showed 6.9 million openings, which was slightly higher than the forecasted 6.85 million but lower than the previous value of 6.922 million. This indicates some stability in the labor market, which is a significant factor for the Fed's decisions regarding monetary policy. The PMI for services in the USA was 51, which was below expectations of 51.3, suggesting moderate growth in the services sector. Additionally, the US trade balance showed a deficit of 60.3 billion USD, better than expected but worse than the previous revised result. These data, although mixed, indicate a lack of pressure on the Fed to change the current interest rate policy, which confirms stable market expectations for the upcoming FOMC meeting.
The Swiss CPI m/m index was 0.3%, in line with forecasts, indicating a moderate increase in inflation in the country. The previous value was 0.2%, which may suggest a slow increase in inflationary pressure, but it remains within economic expectations. In the context of global inflation, the stability of the CPI in Switzerland can be seen as a positive signal for investors seeking safe assets.
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Data from the USA and Switzerland indicate stability, which maintains optimism in the financial markets. Investors should pay attention to upcoming labor market and inflation data, which may influence the Fed's decisions in June. Particularly significant will be further PMI indicators and any signals regarding monetary policy.
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