US ADP Employment Tops Forecasts With 122k Growth as Hiring Broadens Across Industries.US ADP private-sector employment increased by 122k in May, beating expectations of 110k and pointing to continued resilience in the labor market ahead of Friday's closely watched non-farm payrolls report. Hiring was concentrated in services, which added 114k jobs, while goods-producing industries contributed 8k.

Brazil Industrial Output (YoY) registered at 2.7% above expectations (1.7%) in April.Brazil Industrial Output (YoY) registered at 2.7% above expectations (1.7%) in April

Brazil Industrial Output (MoM) came in at 0.7%, above expectations (0.4%) in April.Brazil Industrial Output (MoM) came in at 0.7%, above expectations (0.4%) in April

Switzerland rejects findings of U.S. forced labour investigation.The Swiss government on Wednesday rejected U.S. findings on how dozens of economies, including Switzerland, deal with goods produced by ​forced labour, a probe that prompted Washington to threaten trading partners with fresh ‌tariffs.

investingLive European markets wrap: US-Iran tensions continue; yen volatility in focus.It was a more pensive session as we continue to wait on whether or not the US and Iran will strike a deal this week. But by the look of things, it seems that both sides are still finding it hard to meet in the middle especially on key terms.

Crude Oil –03.06.2026.Our previous outlook for Crude Oil still stands as the market managed to test the resistance zone 94.30 today while traders watch the progress with negotiations between Iran and the USA. Intraday shows the chance for a trading zone between support 85.40-60 and resistance 94.30.

USD/JPY –03.06.2026.Our previous outlook for USDJPY still stands as the pair slowly marches towards the resistance zone at 160.20-60. Traders are watching the resistance zone of 160.20-60 as the last time the market was here, the BoJ threatened to intervention to support the Yen.

Dollar bears cling to optimism as war-led inflation tests Fed path.The U.S. dollar is expected to stay range-bound in the near term before weakening later this year, FX strategists said in a Reuters survey, on optimism the Middle East war will end soon ​and its impact on inflation will be temporary.

United States MBA Mortgage Applications increased to -2.5% in May 29 from previous -8.5%.United States MBA Mortgage Applications increased to -2.5% in May 29 from previous -8.5%

Russia's oil and gas revenue rises 32% y/y to $9.26 billion in May, data shows.Russia's oil and gas tax revenue, which accounts for around a fifth of ​total budget income, increased by 32.4% year-on-year in May ​to 678.9 billion roubles ($9.3 billion), Finance Ministry data showed ⁠on Wednesday, thanks to a global oil price rally fuelled ​by the Middle East war.

Sterling struggles for direction as Iran talks at impasse.The British pound was little changed ​against the dollar and euro on Wednesday, with investors remaining focused on the conflict ‌in the Middle East, and the impact a prolonged war would have on monetary policy.

Economists expect June ECB rate hike as stagflation risk stays high - Reuters poll.Economists expect June ECB rate hike as stagflation risk stays high - Reuters poll

US president Trump reaffirms that Iran has agreed to not have a nuclear weapon.Iran has agreed they will not have a nuclear weapon Iran's supreme leader (Mojtaba Khamenei) is involved in negotiations with the US They have told us that he is giving approval in talks; will probably meet with him at some point Gasoline prices will fall after the conflict with Iran ends Naval blockade on Iran could be lifted by Labour Day Trump is commenting the above on a podcast interview. More to come.

“SNB has increased readiness to intervene in forex market”: SNB Schlegel hints at near-term intervention.“SNB has increased readiness to intervene in forex market”: SNB Schlegel hints at near-term intervention

British Pound Today: Bank of England Hawks Keep July Rate Hike in Play.The British Pound traded close to recent highs on Wednesday, with investors continuing to weigh the prospect of further Bank of England tightening against signs that inflation pressures remain elevated. The Pound to Dollar exchange rate (GBP/USD) held near 1.3445, while the Pound to Euro exchange rate (GBP/EUR) traded around.

Australian Dollar Slips as Weak First-Quarter Growth Reinforces RBA Easing Outlook.The Australian Dollar weakened on Wednesday after economic growth data showed the Australian economy expanded at a slower-than-expected pace during the first quarter of 2026. Australian GDP grew just 0.1% quarter-on-quarter in the first three months of the year, missing expectations for a stronger 0.3% increase and slowing sharply from the.

EU says latest US tariffs on forced labour grounds are unjustified.Just when the EU looks to have settled one thing on the tariffs front, they are now getting thrown another curveball by the US. Yesterday, the EU parliament voted in favour of the legislation to remove duties on many US goods and imports.

ECB June hike a done deal, another likely in September, economists say.The European Central Bank is set to raise its deposit rate to 2.25% on June 11, with another increase likely in September, as it balances energy-driven inflation against a weakening economy, a Reuters poll ​of economists showed.

British Pound: Rate risks support versus Euro – MUFG.British Pound: Rate risks support versus Euro – MUFG

Japanese Yen rises sharply against Euro after Takaichi's latest intervention warning.Japanese Yen rises sharply against Euro after Takaichi's latest intervention warning

Eurozone PPI Jumps 0.6% mom, 4.9% yoy as Pipeline Inflation Pressures Build.Eurozone producer prices rose more than expected in April, adding to evidence that inflation pressures are continuing to build beneath the surface of the economy. Producer Price Index increased 0.6% mom, above expectations of 0.4% mom.

Market Heard Japan's Intervention Warning. But USD/JPY 160 Test Still Alive..The Japanese Yen bounced slightly briefly after fresh intervention warnings from Tokyo, but the market's overall message appears unchanged: traders are still eyeing another test of the 160 level. After USD/JPY flirted with the intervention red line earlier in the day, comments from Prime Minister Sanae Takaichi and Finance Minister Satsuki Katayama helped trigger a modest pullback.

Rouble's strength squeezes Russian exporters despite Iran war oil gains.A strong rouble ​is squeezing Russian commodity exporters, offsetting any gains from higher oil prices, and needs to fall to around ‌90 per U.S. dollar, top Sberbank executive Alexander Vedyakhin told Reuters.

Iran reserves right to defend against any country permitting US attacks.Iran's Foreign Ministry has strongly condemned US military strikes on an Iranian tanker and on Qeshm Island. Tehran also placed direct responsibility on the rulers of Kuwait and Bahrain for allowing their territory and airspace to be used in support of US military operations against Iran.

UK Services PMI Finalized Below 50 as Inflation and Geopolitics Hurt Confidence.UK service-sector activity slipped into contraction in May for the first time in more than a year, highlighting the growing economic impact of elevated inflation and geopolitical uncertainty. PMI Services (final) fell sharply from 52.7 to 49.3, while PMI Composite dropped from 52.6 to 49.7, marking the first contraction in overall private-sector activity in 13 months and the weakest reading since April 2025.

United Kingdom S&P Global Composite PMI came in at 49.7, above expectations (48.5) in May.United Kingdom S&P Global Composite PMI came in at 49.7, above expectations (48.5) in May

Eurozone PMI Composite Signals 4% Inflation and GDP Contraction. ECB Faces Tough Choice..Eurozone business activity deteriorated further in May, adding to concerns that the region could slip into contraction in the second quarter. The final Composite PMI Output Index fell from 48.8 to 48.5, its lowest level in 18 months.

What steps India has taken to stem pressure on its external balance of payments.India's currency has tumbled to record lows because of pressure on its external balance of payments, prompting steps to cool ​dollar outflows.

Rabobank US Dollar to Yen Forecast: USD/JPY Could Fall to 155 Despite 160 Test.The US Dollar to Yen (USD/JPY) exchange rate remains close to multi-decade highs and is trading around 159.90 after repeatedly testing the 160 level over recent weeks. Rabobank expects the Japanese Yen to regain some ground over the medium term and has adjusted its six-month USD/JPY forecast to 155.00, although it stresses that any.

Exclusive: India tightens checks on overseas flows as currency pressure mounts, sources say.India's central bank and markets regulator have ​tightened checks on overseas investments by firms and family offices, issuing at least 10 queries in the past three ‌weeks to determine any potential misuse of the investment route, three sources with direct knowledge of the matter said to Reuters.