Daily Market Insight

• The U.S. added 206,000 jobs, with a slight uptick in the unemployment rate. • Left-wing New Popular Front coalition leads French election • Thailand's headline inflation eases in June • Dollar falls as US payroll report bolsters the odds for Fed rate cuts

• UK election: Exit poll predicts a significant victory for Labour • Euro zone household savings highest since 2021, but investments fall • Japanese household spending unexpectedly declined • The dollar slightly declines during trading on a holiday

• ADP job growth in the US decelerated in June • The US ISM service sector weakened as orders declined • Jobless claims rose more than expected and remain near a one-year high • Downbeat data drives the US dollar index lower

• US labor market easing despite more job openings • Powell's comments leaning towards a dovish stance • Euro zone inflation eases a touch, but services costs stuck • US dollar inches lower as dovish Powell comments offset upbeat jobs data

• US manufacturing continues to decline, while inflationary pressures are diminishing • Euro zone Manufacturing PMI decline deepens in June • German inflation decreases more than anticipated in June • UK manufacturing growth slows as shipping delays hit exports • US dollar climbs to new 38-year peak vs yen; euro rises after French elections

• U.S. PCE slows as expected in May • Far right wins first round in France election • China's June factory activity continued to contract, while services experienced a slowdown • Euro rises after France's first-round vote

• Final US Q1 GDP revised higher, but consumption was slower • US weekly jobless claims decline slightly • Tokyo's CPI edged higher in June, but underlying inflation remained subdued • The US dollar weakens following softened economic data

• US New home sales decline, while the supply reaches highest level in 16 years. • US Banks pass Fed's stress test • Australia inflation jumps to 6-month high in May, ramps up rate hike risks • The yen weakened, reaching a 38-year high despite fears of intervention.

• US consumer confidence fell on weaker outlook for economy • Canada inflation surprisingly increases in May, markets trim July rate cut bets • Hawkish tone from Fed Bowman • US dollar advances after hawkish Fed comment

• Fed should not take preemptive action if it is not needed, says Fed's Daly • German business sentiment unexpectedly darkens in June • Japan's business-to-business service inflation hits 2.5% in May • US dollar dips from 8-week high amid month-end