COT: First week of dollar buying in six
Commitments of Traders report covering speculative positions and changes in FX, bonds and stocks in the week to June 30.
Euro Area: An update on the Next Generation EU package
An update on the ongoing talks about the EU recovery fund.
Preview: A meaningless U.S. June Employment Report
Due to data volatility, misclassification and the recent rise in new COVID-19 cases conducting many States to put reopenings on hold, investors should refrain from drawing any hasty conclusions from the U.S. June Employment Report published by the Bureau of Labor Statistics today. The U-3 unemployment rate, which is the most commented, is likely to provide a truncated view of the real state of the U.S. labor market. For the time being, we prefer to refer to the U-6 unemployment rate, which better gauges labor underutilization, and the employment-to-population ratio in order to assess the evolution of U.S. employment.