US Employment Cost Index QoQ (Q1) Q/Q 0.9% vs. Exp. 0.8% (Prev. 0.7%)
The US Employment Cost Index for Q1 came in at 0.9%, slightly above expectations of 0.8%, and shows a sequential increase from the previous 0.7%.
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 Index QoQ (Q1) Q/Q 0.9% vs. Exp. 0.8% (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 suggests upward pressure on labor costs, which could influence inflation dynamics and future Fed policy, reinforcing a tighter monetary stance as increased costs may lead to higher wage demands and overall spending.
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