In spite of tight labour markets, the US JOLTs Job Openings in July were 9.582M, suggesting stable circumstances. German CPI in the EU remained at 0.3%, while the US Q2 GDP, which was 2.4%, indicates sound economic planning.

The US job market saw job openings of 9.582 million in June, slightly below projections. This reading is expected to remain consistent due to tight job market conditions and may justify the Fed’s interest rate hike.

On August 30th, the EU German CPI (MoM) showed a 0.3% July reading, matching market forecasts. The country’s inflation rate remains balanced, but the European Central Bank is awaiting signs of significant changes in fundamental inflation.

US GDP in Q2 reached 2.4%, indicating economic strategy viability and optimism for avoiding a “mild” recession.

Investors are closely monitoring China’s economy’s recent developments, with the PMI increasing from 49.2 to 49.3, indicating modest improvement. Businesses are highlighting the complex and challenging circumstances, making it difficult for things to turn out well.

The US Core PCE Price Index decreased from 0.3% to 0.2%, indicating a gradual decline in inflation. This is less problematic for employment markets than expected, suggesting no need for interest rate increases at the September policymakers’ meeting.

US Nonfarm Payrolls for July were 187,000, below the market forecast of 200,000. This may be due to low initial unemployment claims and the difficulty in estimating the US economy’s strength, making forecasting difficult.

In August, the US unemployment rate decreased from 3.6% to 3.5%, indicating strength in the labour market. Markets interpret this as progress, but the economy remains struggling due to Federal Reserve interest rate increases.

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