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Key Events This Holiday-Shortened Week: Jobs, Warsh In Sintra, ISM, ADP
Key Events This Holiday-Shortened Week: Jobs, Warsh In Sintra, ISM, ADP
Global attention this holiday-shortened week,will center on the US labor market, with the June employment report due on Thursday ahead of the Independence Day holiday. A reminder that the US will be 250 years old this week. Alongside that, central bank communication will be in focus at the ECB’s Sintra forum (today through Wednesday), while inflation data across Europe and activity indicators in Asia—notably China’s PMIs and Japan’s monthly data—round out a busy global calendar.
In the US, DB economists expect...
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Sep 28, 2026 / Dave DeCamp
Trump Denies That He Has Offered Iran Sanctions Relief for Nuclear Concessions
President Trump on Monday denied a report from Axios that said he had offered Iran sanctions relief in exchange for nuclear concessions, calling it a “hoax.” “Axios just released a story that ‘Trump’ offered Sanctions Relief and Frozen Funds to Iran. This is untrue. I offered them NOTHING!” he wrote on Truth Social. “Axios’ story, […]
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May 22, 2026 / Tyler Durden
Shipping Turmoil Remains Largely Contained To Gulf, For Now
Shipping Turmoil Remains Largely Contained To Gulf, For Now
The world's most critical maritime energy chokepoint has now been closed for 12 weeks, leaving seaborne energy supply chains heavily disrupted. Still, one UBS analyst points out that the shock has yet to meaningfully spill over into broader global shipping outside the Gulf area, suggesting the disruption remains largely contained for now.
"It looks like non-energy related global shipping traffic is running just 4% below normal in May - a bit better than April," UBS analyst Arend Kapteyn wrote in a...
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Sep 10, 2026 / Tyler Durden
Crude Presses Higher Amid Fresh Tanker Attacks In Strait Of Hormuz
Crude Presses Higher Amid Fresh Tanker Attacks In Strait Of Hormuz
Update(1735ET): It looks like that Iranians have fired on more international vessels in the Strait of Hormuz on Thursday, with the United Kingdom Maritime Trade Operations (UKMTO) Centre within the last couple hours monitoring the below developing situation:
UKMTO says it has received a report of two vessels involved in a security incident 4nm West of Khasab Oman
The master of the vessel reports seeing four unknown projectiles hit two unknown vessels, causing fire on one vessel, and unsure of the status...
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