Job openings up, but growth forecasts down (globally and at home)
Wednesday 4th June 2025
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US equity markets got off to a bad start when the OECD released a downgrade to its growth forecasts but NAB’s Skye Masters says there was a change in mood when the JOLTs data was released. An expected fall in job openings didn’t materialise. There was further good news in Europe, with inflation falling faster than expected, but that’s not going to have any impact on the ECB’s rate cut priced-in for this week. China’s Caixin PMI showed a slowdown in manufacturing in May, not…
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