Overseas Headlines – July 1, 2021

United States:

U.S. Job Gains Seen Strengthening After Two Disappointing Months

“The government’s upcoming June jobs report will signal whether U.S. employers had greater success filling a record number of vacancies after two disappointing months of hiring. A 711,000 increase in payrolls is forecast for the month, based on the median estimate in a Bloomberg survey of economists. While that would be the strongest advance since March, caution is warranted as projections for both April and May were well above the actual figure.”



ECB to Hold Special Strategy Meeting Next Week, Omfif Says

“European Central Bank policy makers will hold a special meeting in Frankfurt next week in a bid to wrap up the institution’s strategy review, according to Omfif. The gathering is expected to put the finishing touches on a new definition of price stability, wrote David Marsh, chairman of the the Official Monetary and Financial Institutions Forum, a think tank for economic policy.”



Asian Factories Are Hit by Virus, Europe Fights Supply Squeeze

“Asia’s manufacturers are seeing the area’s economic recovery stumble as the pandemic weighs on output and vaccinations lag other regions, increasing their reliance on exports to the rest of the world. At the same time, Europe’s booming economy is battling a supply squeeze that is pushing up prices and running down stockpiles.”




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