The latest Nonfarm Payrolls (NFP) report released on May 3, 2024, indicates a slowdown in the US job market, with the smallest gains in employment seen in the past six months.
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The UK's services sector showed a robust performance in April, with the S&P Global Services PMI reaching 55.0, surpassing expectations of 54.9 and the previous month's 53.1.
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Starbucks has faced a challenging period, with its shares falling sharply after the company reported earnings that missed estimates and subsequently cut its forecast for the year.
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The Japanese Yen has experienced significant volatility against the US Dollar, with suspected interventions by Japanese authorities to arrest its decline.
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On May 1, 2024, the Federal Reserve concluded its meeting with a decision to maintain the federal funds rate at the current range of 5.25% to 5.5%, a level that has been unchanged since July 2023.
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The US labor market displayed a mix of resilience and moderation in April 2024.
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The global gold market has started 2024 on a strong note, with demand rising 3% year-over-year to 1,238 tonnes in the first quarter.
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The Eurozone has left its technical recession behind. The latest data shows an increase in gross domestic product (GDP) of 0.3 in the first quarter of 2024 compared to the previous quarter.
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China's manufacturing sector has shown signs of growth for the second consecutive month in April 2024, with the official manufacturing purchasing managers' index (PMI) standing at 50.4, indicating a slight expansion in factory activity.
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