Global Economics Daily Points

Markets are focused on the release of US and Canadian employment data today. Despite the anticipation, central banks in both countries are expected to maintain current policy rates through year-end.

Key Takeaways

• 1.US and Canadian labor market readings (nonfarm payrolls and employment reports) are the primary market focus, creating fragile positioning.
• 2.The Fed and Bank of Canada are expected to remain on hold until at least year-end.
• 3.Japanese real wage growth reached 1.9% y/y in April, the fastest in five years, signaling positive momentum for the Bank of Japan.

Table of Contents

• Contributors
• On Deck for Friday, June 5th
• KEY POINTS

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