United states:
U.S. Job Growth Misses All Estimates; Unemployment Rate at 6.1%
“U.S. job growth unexpectedly softened in April from the prior month as employers found it difficult to attract workers, a development that’s holding back momentum in the labor market. Payrolls increased 266,000 after a downwardly revised 770,000 March increase, according to a Labor Department report Friday that fell well short of projections. Economists in a Bloomberg survey projected a 1 million hiring surge in April. The unemployment rate edged up to 6.1%.”
Europe:
BOE Foresees Biggest U.K. Spending Boom Since Thatcher Era
“The Bank of England expects the biggest surge in household spending since 1988 — when Margaret Thatcher was prime minister — to help power a strong economic rebound after the pandemic. Officials, led by Governor Andrew Bailey, said they expect consumers to use up 10% of the savings glut built during lockdowns, double the pace previously forecast. The central bank also sees the U.K.’s economic output recouping losses by the end of this year instead of in early 2022.”
Asia:
Taiwan Central Banker Says Currency Policy Faces ‘Turning Point’
“Central bank board member Chang Chien-yi told Bloomberg in a rare interview that the institution won’t be able to fight currency appreciation if the Taiwan dollar rises on economic fundamentals as the competitiveness of local industries improves. “The next two years will be an important turning point,” Chang said Wednesday. “The central bank will have to respect the markets. It won’t be able to forcefully slow the currency’s appreciation.”
Disclaimer:
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.
