Finance News
The final China PMI for May is due today, the Caixin Services and Composite PMIs. Over the weekend we had the official PMIs: China May Manufacturing PMI rose to 49.5 (prior 49.0), Non-manufacturing 50.3 (prior 50.4) And earlier this week the Caixin manufacturing PMI, a very poor result.…
Read MoreJPMorgan Chase (JPM) plans to let trading and wealth-management clients use certain crypto-linked assets, including spot bitcoin exchange-traded funds (ETFs), as collateral for loans. Starting in the coming weeks, the bank will offer financing backed by shares of BlackRock’s iShares Bitcoin Trust (IBIT), Bloomberg reported Wednesday, citing people…
Read MoreThis week’s main economic event comes on Friday when the U.S. government releases employment data for May. Ahead of that though, were three fairly important data points of their own on Wednesday, and all flashed unexpected weakness. First to hit was ADP private payrolls for May and that…
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