CANADA ADDS 90,400 JOBS IN APRIL, EXCEEDING EXPECTATIONS

Unemployment rate remains steady at 6.1%, says StatCan

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FX Empire
Euro Area Sovereign Credit: Some Ratings Under Pressure as Fiscal Challenges Mount
Euro area governments unable to put in place consistent medium-term fiscal plans face credit-rating pressure even though reducing public borrowing is possible including for highly indebted countries, says Scope Ratings.
FX Empire
Germany: Economic Outlook Stable Despite Near-term Stagnation and Fiscal Challenges
After five years of near-zero cumulative growth since the pandemic, Germany’s recovery is unlikely to accelerate without policy reform and an increase in net investment, supported by its significant fiscal space.
FX Empire
Middle East Crisis: Geopolitics Remains a Downside Risk for the Global Economic and Credit Outlook
A full-scale Middle East conflict is unlikely but any further escalation of tensions would have significant adverse consequences for commodity markets and inflation, affirming geopolitical developments as a core economic challenge globally.