US Employment Cost - Wages QoQ (Q1) Q/Q 0.80% (Prev. 0.7%)
The latest US Employment Cost Index shows wages increased by 0.80% quarter-over-quarter in Q1, outperforming the previous quarter's 0.7% gain.
EU Chips Act revamp would let the Economic Commission invest directly in fabs, according to reports
Citi maintains its gold price targets at USD 4,300/oz for 0-3 months, and USD 5,000/oz for 6-12 months; adds that selling pressure on gold could remain strong in the very near term due to Middle East uncertainty
US Employment Cost - Wages QoQ (Q1) Q/Q 0.80% (Prev. 0.7%)
ING says "edging towards a BoE hike in June", following BoE meeting (prev. saw no tightening in 2026)
Meta Platforms (META) seeks to raise as much as USD 25bln from its six-part debt sale
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This stronger-than-expected wage growth could suggest upward pressure on inflation and might influence future Fed rate decisions, indicating a tighter labor market than previously anticipated.
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