Cross-source newsflow.

TMGM today announced a new collaboration with OG Esports, marking TMGM’s first esports campaign. As the Official CFD Partner of OG's Dota 2 and Counter-Strike 2 teams, TMGM will engage esports audiences through fan-focused digital activations, exclusive rewards and branded content.The collaboration reflects TMGM's c…

Prior 5.0%Employment change 100k vs 75k expectedPrior 148kAverage weekly earnings +4.4% vs +4.0% 3m/y expectedPrior +4.1% (revised to +4.4%)Average weekly earnings (ex bonus) +3.4% vs +3.2% 3m/y expectedPrior +3.4%May payrolls change +2kPrior -100k (revised to -53k)This is a good report with data beating expectation…

EUROPEAN SESSIONIn the European session, we have the UK employment report and the SNB and BoE rate decisions. The UK employment report is expected to show 75K jobs added in the three months to April with the unemployment rate to remain unchanged at 5.0%. The last report showed the unemployment rate ticking higher wi…

Warsh leaves markets guessing as Fed framework overhaul raises more questions than answersChina rolls out third trade-in fund tranche as weak retail data keeps stimulus pressure onJapan's Kihara flags weak yen household burden but offers no fresh intervention signalApple warns memory chip crunch makes price rises un…

The timing of the third tranche announcement, following weak retail sales data earlier this week (May retail sales falling 0.6%, the first decline since the pandemic), signals Beijing is prepared to sustain the trade-in program as a demand floor rather than wind it down as initially suggested. The 820 billion yuan i…

The remarks follow the standard Japanese official playbook and are unlikely to move the yen in isolation. The notable addition was Kihara's explicit acknowledgement that a weak yen, while supportive of corporate profits, increases the burden on households, a framing that edges slightly toward the dovish side of the …

Just the data in this post. I'll have more to come on this separately. New Zealand GDP Q1 206:1.5% y/yexpected 1.1%, prior 1.3%0.8% q/qexpected 0.9%, prior 0.2%Background here:Economic and event calendar in Asia Thursday, June 18, 2026: New Zealand Q1 GDP preview This article was written by Eamonn Sheridan at invest…

New Zealand's March quarter GDP data is expected to show the economy gained solid momentum in the early months of 2026, even as the Middle East conflict that erupted in late February looms as a far larger threat to output in the quarters ahead.The median market forecast points to quarterly growth of 0.9%, up sharply…

Fed Chair Warsh: We recognize that inflation has been running "well ahead" of 2%Warsh Q&A: I see no reason to revisit 2% inflation goal until we have deliveredFOMC June 2026 dot plot sees end of year target at 3.8% vs 3.4% in March 2026Trump on the Fed raising rates: It could happenThe full FOMC statement from the J…

Market Reaction: Start of Press Conference vs. End of Press ConferenceThe overall takeaway is that the market interpreted Warsh and the Fed as more hawkish than expected, with the strongest reaction seen in the U.S. dollar and front-end Treasury yields. Stocks weakened modestly, while precious metals came under addi…

Market levels at the time of the Press Conference shows: U.S. StocksDow Jones: 51,919.18 (-86.01, -0.17%) S&P 500: 7,470.93 (-40.41, -0.54%) NASDAQ: 26,228.62 (-147.72, -0.56%) Russell 2000: 2,945.98 (+6.78, +0.23%) Takeaway: Major indices remain under modest pressureU.S. Treasury Market2Y Yield: 4.1379% (+9.1 bps) …

Iran is agreeing, at a minimum, to destroy its enriched uranium stockpile through downblendingIran is stating that it will destroy enriched uraniumIf we get a final deal and if the Iranians behave, we will permit sanctions reliefSequencing of steps will be a big part of the talksMeeting this weekend in Switzerland w…

G7 leaders are thrilled we made a deal. The last night was brutal. $200M of bombs were dropped.New leaders are smart and far less radicalizedDo not want to see economic catastropheThe stock market is more brilliant than all the people except meI blew up Soleimani.Do not want to bomb Iran againNetanyahu gets a little…

It's not clear what was behind the quick jump in oil prices. There are some rumors about the MOU signing being remote and some other chatter but nothing particularly relevant. There are now multiple reports saying there is no change in Swiss talks or the schedule.The move is already fading. This article was written …

WTI crude oil was trading up $1.43 to $77.47 ahead of the release, that's a session high.Prior was -7227Distillates vs -470K expectedGasoline vs -1001K expectedPrivate data from late yesterday:Crude -8330KGasoline +2479KDistillates -500KThis is the third consecutive large draw in US crude inventories and the largest…

Prior month was 0.3% revised lower from +1.4%. Pending home sales index prior month 74.0 revised lower from 74.8. Pending home sales index 76.8The U.S. housing market showed signs of improvement in May as pending home sales, a leading indicator of future home purchases, rose 3.8% month-over-month and 4.6% from a yea…

Prior was +0.9%Retail inventories ex-autos +0.6 vs +0.6% priorInventory-to-sales ratio 1.31 months vs 1.32 months priorBusiness sales +1.2% vs +2.2% priorThis report is almost never a market mover but it's an important component of GDP and will offer an early clue on how Q2 is shaping up.For background, the Manufact…

Prior was +0.5%Details:Ex-autos +0.8% vs 0.5% expectedPrior ex autos +0.7% Ex autos and gas +0.5 vs +0.5% priorControl group +0.7% vs +0.4% expectedPrior control +0.5%Retail sales y/y +6.9% vs +4.87% priorBank of America forecast a beat on sales based on cardholder data and that's exactly what happened. The big cave…

Prior month -0.4%Canada new housing Price Index -0.3%Recent Canada housing data has been mixed but still soft overall.Housing starts: Fell 6% in May to 261,377 annualized units, though the drop was smaller than expected. Building permits: April permits fell 7.6%, with residential permits down 5.5%, led by weakness i…

US retail sales are due at the bottom of the hour in an important check on the consumer. The consensus is that sales rose 0.5% in May, with the ex-autos number matching that. For the market, the most-important number is the control group, which excludes autos, gasoline and building materials. It's expected up a heal…

Headlines:Welcome to Fed dayFed preview: Warsh is the noise, the Board is the signalECB policymaker Simkus sees at least one more rate hike aheadIEA sees 'significant overhang' in oil market next yearEuro area inflation accelerates in May as services inflation remains stubbornUK inflation holds flat in May but core …

CPI +3.2% vs +3.2% y/y prelimPrior +3.0%Core CPI +2.6% vs +2.5% y/y prelimPrior +2.2%Euro area headline annual inflation is confirmed at 3.2% in May, nudging up from the 3.0% estimate in April. That marks the highest reading since September 2023, with higher energy prices being the main culprit. Of note, energy pric…

World oil demand to fall by 1.1 mil bpd in 2026 amid US-Iran conflict (previous forecast 420k bpd drop)World oil supply to fall by 3.9 mil bpd in 2026 (unchanged from previous forecast)Sees 2027 supply growth of 8 mil bpd and demand growth of 2 mil bpdThat leaves a 'significant overhang' of over 5 mil bpd in the oil…

EUROPEAN SESSIONIn the European session, the main highlight was the UK CPI report. The data came out lower than expected vindicating the BoE's patient stance and will likely see traders paring back further BoE rate hike bets considering also the drop in oil prices. Looking ahead, we don't have much on the agenda oth…

CPI +0.2% vs +0.4% m/m expectedPrior +0.7%CPI +2.8% vs +3.0% y/y expectedPrior +2.8%Core CPI +0.3% vs +0.4% m/m expectedPrior +0.7%Core CPI +2.6% vs +2.7% y/y expectedPrior +2.5%The headline estimates were softer than expected but when viewed as a whole, UK inflation developments were little changed from April to Ma…