In US trading yesterday, we saw the BLS post the largest downwards annual revision to non-farm payrolls on record here. If anything, it's a glaring issue that the stats bureau can be so off base in data accuracy but all that just gave easy ammunition to Trump to fire home his points about the Biden economy and the Fed falling behind the curve.
Aside from that, we also saw a sudden attack from Israel towards Qatar overnight. Israel launched airstrikes in trying to target Hamas leaders and that's making for a step up in geopolitical tensions in the region. For some context, Qatar has been acting as a mediator in Gaza ceasefire talks so for them to take on collateral damage is quite terrible - at least in terms of optics.
Meanwhile, we also got another notable development in the Russia-Ukraine conflict as Poland felt compelled enough to have to shoot down Russian drones which crossed into their territory. That marks a new escalation or at least a significant development since the conflict began in 2022. That as it marks the first time a NATO country has had to draw its sword to defend itself against Russia's incursions.
Looking ahead today, the main draw will be the US PPI report which will act as a bit of a litmus paper before we get to the US CPI report tomorrow.
This article was written by Justin Low at investinglive.com.Hence then, the article about another quiet one on the agenda in europe today was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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