Economy goes soft as Trump plays hardball
Thursday 5th June 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABMarkets have reacted to a softer than expected US Services ISM, which unexpectedly dipped into contraction territory (just). That’s on top of the JOLTs numbers this week that showed a rise in unfilled vacancies, weaker manufacturing numbers earlier in the week, and the ADP jobs data overnight showing the lowest number of new hires since the pandemic. NAB’s Gavin Friend says the weaker yields in the US but not in Europe shows where the risks are as the US waits for payrolls on…
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