US Briefing - Thursday 04.06
Headlines
  • US May Nonfarm Report Expected To Show Steady Progress
  • US Officials Discuss Taking Financial Stakes In AI Industry
  • Trump Officials Worry US Loophole Let Chinese Firms Buy Nvidia Blackwell’s
  • Main Oman Oil Terminal Has Resumed Operations After Blast
  • Euro-Zone Economy Shrank At Start Of Year Because Of Ireland
  • Marine Drone Explosion Reported In Romanian Port
  • IAEA Brokers Local Ceasefire To Help Repair Line To Zaporizhzhia Plant
  • UK Firms Plan To Raise Prices By Less Than Thought In April, DMP Finds
  • UK House Prices Fall For Third Successive Month Amid Iran War Uncertainty
  • Japan Warns Of 'Decisive Action' To Defend Yen As FX Reserves Tumble
  • Japan’s Real Wages Rise For Fourth Month, Backing BOJ Hike
  • S. Korea Financial Chief Verbal Intervention Fails To Stem Won's Slide
  • Key US House Cmte Preparing Legislation To Forge Crypto Tax Structure
  • JPM Upgrades Tesla To 'Neutral', Sees Robotics Driving Long-Term Growth
  • China, HK Investors Banned From SpaceX IPO On Security Concerns
  • SpaceX, Other Mega IPOs Denied Fast Index Entry By S&P
  • Nvidia Clears Memory’s Big Three for Vera Rubin HBM4 Supply
  • Banks Curb China Trips, Delay Events After Cross-Border Scrutiny
  • Hon Hai Sales Growth Accelerates Beyond Estimates In May
  • India Ramps Up Defence Of Faltering Rupee After Holding Fire On Rates
Commentary
US Jobs Report Expected To Show Steady Progress

Data from the Bureau of Labor Statistics is expected to show the US labour market continued to expand in May, albeit against a backdrop of mounting headwinds from AI-driven disruption and the ongoing energy crisis.

The latest consensus forecast sees nonfarm payrolls rising by 85,000 last month, down from 115,000 in April. The unemployment rate is expected to remain at 4.3%, while economists anticipate the labour force participation rate (LFPR) will hold broadly steady at 61.8%.

(Continue Reading – LS)

The Key Sticking Points For A US-Iran Peace Deal

The US and Iran have been locked in a stalemate since agreeing to a ceasefire in April. They’ve been unable to reach a deal to end a monthslong war that has killed thousands of people and sparked a global energy crunch.

Tensions are high as Iran maintains a tight grip on shipping through the Strait of Hormuz and the US refuses to lift its naval blockade on Iranian-linked vessels. The two sides have continued to exchange strikes, even as President Donald Trump repeatedly claims that an agreement to end the hostilities is close.

(Continue Reading- BBG)

Europe Is Stockpiling Enough Gas To Avoid Another Energy Crisis

To gauge the outlook for European inflation it helps to go underground: to the dozens of natural gas storage sites used to stock up on fuel during the summer for use in winter. Although the seasonal refill is going slowly, Europe is probably going to hoard enough of the commodity to avoid a 2022-style spike in gas and electricity prices, and thus avert any inflation scare.

Until five years ago, the seasonal refill was a routine process that attracted very little attention, even within the energy industry. Because demand for gas is low during the spring and summer, the fuel is cheapest then so that’s when utilities and traders buy it and store underground, for deployment when temperatures drop.

(Continue Reading- BBG)

Japan Spent Billions To Prop Up The Yen. Why Is It Still Weak?

The yen’s weakness has become a growing issue for Japan’s policymakers, given its impact on import prices and household costs.

Concerns intensified in late April, when the currency slid to its weakest level since July 2024. Authorities responded by spending almost $74 billion — a record amount for a month-long period — to prop up the currency, triggering a sharp rebound.

(Continue Reading- BBG)

Files & Links
DATA
IRAN WAR
GOVERNMENT/CENTRAL BANK NEWS
FIXED INCOME
FX NEWS
CRYPTO NEWS
ENERGY/COMMODITY NEWS
EARNINGS
EQUITY NEWS
/*jshint esversion: 6 */ var socket; var assigned_server = 3001; var distributor_server = 3010; var publisher_channel = ''; var broadcaster_channel = ''; var remote_ip = ''; var session_info = {}; var logging_interval; var logging_interval_time = 120000; var socket_emits = 0; var session_start_time; var reconnectionDelayGrowFactor = 1.2; var reconnection_delay = 1000; var playing = false; var connected_to_assigned = false; var socket_close_timeout; var player_disconnected_annoucement_play_delay = 1500; var player_disconnected_annoucement_play_timeout = null; self.onmessage = function (msg) { switch(msg.data.action) { case 'Reactivate': reactivate(); break; case 'ConnectDistributor': connect_to_distributor(msg); break; case 'SessionStaticInfo': session_static_info(msg); break; case 'SessionInfo': update_session_info(msg.data); break; case 'PauseLogging': clearTimeout(logging_interval); break; case 'RestartLogging': postMessage({action: 'RequestSessionStaticInfo' }); break; case 'JoinPublisherChannel': join_publisher_channel(msg.data); break; case 'JoinPlayerChannel': join_player_channel(msg.data); break; case 'CheckChannelStatus': check_channel_status(msg.data); break; case 'PlayerLogResponse': player_log_response(msg.data); break; case 'CloseSocket': close_socket(); break; case 'RequestMessageSearch': request_message_search(msg.data); break; case 'RequestMoreMessages': request_more_messages(msg.data); break; case 'PlayerDisconnectedAnnoucementTimeoutStart': player_disconnected_annoucement_timeout_start(); break; case 'PlayerDisconnectedAnnoucementTimeoutClear': player_disconnected_annoucement_timeout_clear(); break; } }; function player_disconnected_annoucement_timeout_clear() { clearTimeout(player_disconnected_annoucement_play_timeout); player_disconnected_annoucement_play_timeout = null; } function player_disconnected_annoucement_timeout_start() { player_disconnected_annoucement_play_timeout = setTimeout(function() { send_play_disconnect_annoucement(); }, player_disconnected_annoucement_play_delay ); } function send_play_disconnect_annoucement() { postMessage({action: "PlayDisconnectAnnoucement"}); } function reactivate() { playing = false; connect_to_assigned_server(); } function player_log_response(data) { var data_array = {}; data_array.type = 'PlayerLogResponse'; data_array.respond_to_socket_final = data.respond_to_socket_final; data_array.respond_to_socket = data.respond_to_socket; data_array.player_socket_id = data.player_socket_id; data_array.logs = data.logs; var msg_string = JSON.stringify(data_array); if (socket.readyState == 1) { socket.send(msg_string); } } function request_message_search(data) { var data_array = {}; data_array.type = 'request_message_search'; data_array.publisher_channel = data.publisher_channel; data_array.search_term = data.search_term; var msg_string = JSON.stringify(data_array); if (socket.readyState == 1) { socket.send(msg_string); } } function request_more_messages(data) { var data_array = {}; data_array.type = 'request_more_messages'; data_array.publisher_channel = data.publisher_channel; data_array.last_record_id = data.last_record_id; var msg_string = JSON.stringify(data_array); if (socket.readyState == 1) { socket.send(msg_string); } } function check_channel_status(data) { var data_array = {}; data_array.type = 'check_channel_status'; data_array.app_name = data.app_name; var msg_string = JSON.stringify(data_array); if (socket.readyState == 1 && connected_to_assigned) { socket.send(msg_string); } else { setTimeout(function() { check_channel_status(data); },500); } } function check_channel_status_response(data) { postMessage({ action: 'CheckChannelStatusReponse', stream_status: data.stream_status.status, onair: data.stream_status.onair, connected: data.stream_status.connected }); } function join_publisher_channel(data) { var data_array = {}; data_array.type = 'join_publisher_channel'; if (typeof data.api_key !== 'undefined') { data_array.api_key = data.api_key; } else { data_array.publisher_channel = data.publisher_channel; data_array.username = data.username; data_array.subscriber_group = data.subscriber_group; data_array.display_name = data.display_name; data_array.single_sign_on = data.single_sign_on; data_array.remote_ip = data.remote_ip; data_array.http_referrer = data.http_referrer; data_array.current_page = data.current_page; data_array.php_session_id = data.php_session_id; data_array.from_react = data.from_react; } var msg_string = JSON.stringify(data_array); if (socket.readyState == 1) { socket.send(msg_string); } postMessage({action: 'PublisherChannelJoined' }); } function session_static_info(msg) { set_static_session_info(msg.data); start_log(); } function connect_to_distributor(msg) { publisher_channel = msg.data.publisher_channel; remote_ip = msg.data.remote_ip; socket = new WebSocket("wss://ws.livesquawk.com/ws"+distributor_server); socket.onopen = function(event) { request_server_assignment(); }; socket.onmessage = function(event) { var msg_string = event.data.toString(); var data = JSON.parse(msg_string); switch(data.type) { case 'server_assignment_response': server_assignment_response(data); break; } }; } function session_info_interval() { postMessage({action: 'RequestSessionInfo' }); logging_interval = setTimeout(session_info_interval,logging_interval_time); } function server_assignment_response(data) { assigned_server = data.selected_server; socket.close(); connect_to_assigned_server(); } function request_server_assignment() { var data_array = {}; data_array.type = 'request_server_assignment'; var msg_string = JSON.stringify(data_array); if (socket.readyState == 1) { socket.send(msg_string); } } function connect_to_assigned_server() { socket = new WebSocket("wss://ws.livesquawk.com/ws"+assigned_server); socket.onopen = function(event) { postMessage({ action: 'VisibleConsole',console_string: "Connected to server "+assigned_server }); console.log("Connected to server "+assigned_server); postMessage({ action: 'ConnectedToAssigned' }); connected_to_assigned = true; if (playing) { postMessage({ action: 'RejoinPlayerChannel' }); } }; socket.onmessage = function(event) { var msg_string = event.data.toString(); var data = JSON.parse(msg_string); if (data.type != 'server_ping') { /* console.log(data.type); */ } switch(data.type) { case 'reconnect': postMessage({ action: 'VisibleConsole',console_string: "Reconnected" }); break; case 'reload': postMessage({ action: 'Reload' }); break; case 'start_log_response': start_log_response(data); break; case 'application_refresh_start': application_refresh_start(data); break; case 'application_refresh_stop': application_refresh_stop(data); break; case 'player_log_request': case 'check_channel_status_response': check_channel_status_response(data); break; case 'PlayerLogRequest': case 'new_tweet': case 'new_latest_news': case 'delete_report': case 'add_report': case 'add_ref_doc': case 'calendar_change': case 'calendar_insert': case 'calendar_delete': case 'new_note': case 'AppStart': case 'AppStop': case 'BroadcasterStarted': case 'BroadcasterStopped': case 'added_cme_report': case 'updated_cme_report': case 'added_cme_commentary': case 'updated_cme_commentary': case 'server_assignment_response': case 'initial_messages': case 'message_categories': case 'more_messages': case 'matched_messages': pass_straight_to_post_message(data); break; case 'output': case 'server_ping': case 'reconnect': case 'disconnect': break; } }; socket.onerror = function(event) { postMessage({ action: 'VisibleConsole',console_string: "LS Socket Error" + event.type }); console.log(event); postMessage({ action: 'LSSocketConnectionError' }); }; socket.onclose = function(event) { console.log('Socket is closed. Reconnect will be attempted in 1 second.', event.reason); socket_close_timeout = setTimeout(connect_to_assigned_server, reconnection_delay); reconnection_delay = reconnection_delay*reconnectionDelayGrowFactor; connected_to_assigned = false; }; } function close_socket() { clearTimeout(socket_close_timeout); socket_close_timeout = null; socket.onclose = function(event) {}; socket.onmessage = function(event) {}; socket.onerror = function(event) {}; socket.close(1000); console.log('Socket Closed'); } function pass_straight_to_post_message(data) { data.action = data.type; postMessage(data); } function join_player_channel(data) { var data_array = {}; data_array.type = 'join_player_channel'; data_array.player_channel = data.player_channel; data_array.remote_ip = data.remote_ip; data_array.username = data.username; data_array.app_name = data.app_name; data_array.onair_status = data.onair_status; data_array.http_referrer = data.http_referrer; data_array.current_page = data.current_page; data_array.php_session_id = data.php_session_id; var msg_string = JSON.stringify(data_array); if (socket.readyState == 1) { socket.send(msg_string); } postMessage({action: 'PlayerChannelJoined' }); playing = true; } function start_log_response(data) { session_info.session_id = data.log_record_id; session_info_interval(); } function application_refresh_start(data) { if (data.app_name == session_info.application_name) { postMessage({action: 'ApplicationRefreshStart' }); } } function application_refresh_stop(data) { if (data.app_name == session_info.application_name) { postMessage({action: 'ApplicationRefreshStop' }); } } function set_static_session_info(data) { session_info.browser_codename = data.browser_codename; session_info.browser_name = data.browser_name; session_info.user_agent = data.user_agent; session_info.browser_version = data.browser_version; session_info.cookies_enabled = data.cookies_enabled; session_info.platform = data.platform; session_info.player_version = data.player_version; session_info.stream = data.stream; session_info.connection_protocol = data.protocol; session_info.delay_target = data.delay_target; session_info.session_email = data.session_email; session_info.remote_ip = data.remote_ip; session_info.php_session_id = data.php_session_id; session_info.application_name = data.application_name; session_info.http_referrer = data.http_referrer; } function start_log() { var session_start_date = new Date(); session_start_time = session_start_date.getTime(); var months = ['Jan','Feb','Mar','Apr','May','Jun','Jul','Aug','Sep','Oct','Nov','Dec']; var session_start_date_string = session_start_date.getDate() + " " + months[session_start_date.getMonth()] + " " + session_start_date.getFullYear(); var data_array = {}; data_array.type = 'webrtc_start_log'; data_array.remote_ip = session_info.remote_ip; data_array.username = session_info.session_email; data_array.php_session_id = session_info.php_session_id; data_array.webrtc_protocol = ''; data_array.session_start_time = (session_start_time/1000).toFixed(0); data_array.stream_name = session_info.stream; data_array.session_start_date = session_start_date_string; var msg_string = JSON.stringify(data_array); if (socket.readyState == 1) { socket.send(msg_string); } } function update_session_info(data) { var data_array = {}; var msg_string = ''; var current_date = new Date(); var current_time = current_date.getTime(); session_info.protocol = data.protocol; session_info.curr_delay = (data.effective_latency / 1000).toFixed(2); session_info.session_length = current_time - session_start_time; session_info.ping_time = data.ping_time; session_info.jitter = data.jitter; session_info.packet_loss = data.packet_loss; session_info.effective_latency = data.effective_latency; session_info.mean_opinion_score = data.mean_opinion_score; session_info.restarts = data.restarts; if (socket_emits == 0) { data_array = {}; data_array.type = 'webrtc_log_data_full'; data_array.connection_protocol = session_info.protocol; data_array.threshold = 0; data_array.curr_delay = session_info.curr_delay; data_array.session_length = session_info.session_length; data_array.date = current_time; data_array.browser_codename = session_info.browser_codename; data_array.browser_name = session_info.browser_name; data_array.user_agent = session_info.user_agent; data_array.browser_version = session_info.browser_version; data_array.cookies_enabled = session_info.cookies_enabled; data_array.platform = session_info.platform; data_array.player_version = session_info.player_version; data_array.stream = session_info.stream; data_array.restarts = session_info.restarts; data_array.delay_target = 0; data_array.op_sys = ''; data_array.flash_version = ''; data_array.remote_ip = session_info.remote_ip; data_array.http_referrer = session_info.http_referrer; data_array.php_session_id = session_info.php_session_id; data_array.user_email = session_info.session_email; data_array.webrtc_protocol = session_info.protocol; data_array.ping_time = session_info.ping_time; data_array.jitter = session_info.jitter; data_array.packet_loss = session_info.packet_loss; data_array.effective_latency = session_info.effective_latency; data_array.mean_opinion_score = session_info.mean_opinion_score; data_array.session_id = session_info.session_id; msg_string = JSON.stringify(data_array); if (socket.readyState == 1) { socket.send(msg_string); } } else { data_array = {}; data_array.type = 'webrtc_log_data'; data_array.session_id = session_info.session_id; data_array.php_session_id = session_info.php_session_id; data_array.connection_protocol = session_info.protocol; data_array.restarts = session_info.restarts; data_array.threshold = 0; data_array.curr_delay = session_info.curr_delay; data_array.session_length = session_info.session_length; data_array.date = current_time; data_array.webrtc_protocol = session_info.protocol; data_array.ping_time = session_info.ping_time; data_array.jitter = session_info.jitter; data_array.packet_loss = session_info.packet_loss; data_array.effective_latency = session_info.effective_latency; data_array.mean_opinion_score = session_info.mean_opinion_score; data_array.stream = session_info.stream; msg_string = JSON.stringify(data_array); if (socket.readyState == 1) { socket.send(msg_string); } } socket_emits++; if (socket_emits == 100) { socket_emits = 0; } }