Firms Cut Fewer U.S. Jobs Than Forecast in May, ADP Data Show
“U.S. companies shed fewer workers in May than expected, offering some hope that the worst of the coronavirus-related hit to the labor market is over The 2.76 million decline in business payrolls last month followed a revised 19.6 million decrease in April, according to ADP Research Institute data released Wednesday.”
Europe’s Virus Aid Stems Mass Jobs Destruction in Labor Shock
“Jobless claims across Europe have surged under widespread lockdowns of economies, but the devastation pales in comparison with the shock to the U.S. labor market from the coronavirus.”
Hong Kong Can Get U.S. Dollars From China If Needed, Chan Says
“China’s central bank can provide U.S. dollars to back Hong Kong’s currency peg should the Trump administration impose sanctions on the territory, according to the city’s financial chief.”
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer(s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view(s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.