Jeff Cox:
The May jobs report will be released Friday. Here’s what to expect
The stronger-than-expected start this year for job creation could be in for a reality check.
… The consensus sees the unemployment rate holding steady at 4.3%. …/.
Market Update
Another wait-and-see day, this time ahead of the US jobs report and for US-Iran status quo to break one way or another. The latter suggests a weekend risk that should keep trading defensive.
In FX, EURUSD 1.1600-50 so far containing but too tight to last for too long.
USDJPY remains bid but BoJ threat continues to see caution around 160.
EURUSD US500 XBRUSD

As the BS of war ages
Foxnews Last Update June 4, 2026, 5:00 PM EDT
Hezbollah rejects peace of Israel-Lebanon ceasefire
Live/Updated 5sec ago
Prez T says progress being made on Lebanon ceasefire, claims Hezbollah did not reject offer
Joshua Davidovich and ToI Staff
lets see how asia and europe price the above codswallop:

I missed this earlier tidbit report:
–
China reduced its stash of Treasurys to $652.3 billion, the lowest level since September 2008.
Japan, the single largest foreign holder, shed approximately $47 billion to $1.191 trillion.
apparently … “Foreign governments cut U.S. Treasurys in March as the Middle East war forced central banks to liquidate dollar reserves, defending local currencies against an energy shock that sent exchange rates tumbling.”
– various msm
DAX Index Daily
Technical View – 25.500 is a breaking point – not only that DAX would hit a new all time high in case it can break above it, but whole new Universe would open for it.
Target point of that Universe is in 28.000 area
Pattern wise – this is a Bullish one , but 24.500 must hold for it to develops.

What matters in U.S. and global markets today
By Mike Dolan, Editor-at-Large, Finance & Markets
The S&P 500 failed to clock its 10th straight daily gain on Wednesday and there are some clouds gathering in markets. Despite the frenzy in the red-hot chip sector, Broadcom, now the world’s sixth-biggest company by market cap, stumbled after its latest earnings release.
The chipmaker’s stock dropped more than 13% overnight following a slight miss on sales and revenue forecasts. That reaction speaks to the high bar companies must now meet to impress markets amid the AI boom. In the words of one analyst, the market now demands perfection….Reuters
Players gaming theme:
“Prez T suggests Iran talks could yield deal by weekend while Tehran denies progress
By Agencies and ToI Staff

US president insists ‘we will get’ Iran’s uranium stockpile, says he wants separate end to Lebanon conflict; Iran’s FM says Israeli attack on Beirut would trigger renewal of war
© 2024 Global View
