Latest data released by NFIB – 8 June 2021
„If small business owners could hire more workers to take care of customers, sales would be higher and getting closer to pre-COVID levels. In addition, inflation on Main Street is rampant and small business owners are uncertain about future business conditions.“
This isn’t a major release but it

Latest data released by Eurostat – 8 June 2021
The second estimate report can be found . That is a modest upside revision as the euro area economy show much more resilience than anticipated in Q1. The outlook for the summer looks optimistic and we’ll see how that shapes up in the weeks ahead.

Forex news from the European trading session – 7 June 2021
Headlines:
Markets:
– AUD leads, USD lags on the day
– European equities a little higher; S&P 500 futures flat

US Treasury secretary, Janet Yellen, with pre-recorded remarks at the SelectUSA Summit
– Historic relief will restore full employment in 2022
That comment on on the labour market is interesting as it does have some connotations to the Fed timeline on tightening policy. If anything, such an outlook suggests that tapering will come by some time this

The non-farm payrolls release is quickly put in the rearview mirror
I don’t expect much reverberations in the market from the NFP release on Friday and things are keeping calmer for now.

Little going on to start the new week
Major currencies are keeping within 0.1% change against the dollar right now as we are observing a bit of a lackadaisical start to the ne week.

How are things shaping up ahead of the ECB later on Thursday?
Expectations for a lively ECB meeting has died down quite a bit but tapering of PEPP purchases is still certainly on the table. I’ll try to make this as succinct as possible.

Getting rich quick is hard
Last month I posted a about a kid who turned $400 into $190,000 in four hours. It’s a remarkable story but it’s also extremely rare.

Video released from the start of the fire
An enormous fire at the storage facilities of a Tehran refinery on the same day as a fire sank an Iran navy ship sparked speculation about sabotage. It was heightened because Iran is deep in nuclear negotiations.

G7 strikes deal
G7 finance ministers in London agreed on the outline of a global deal on taxation that would set a floor for corporate rates around the world. The group will now take the deal to the G20, where an agreement could come as soon as next month.