The financial website Forexlive commented on the May ADP data in the United States: The last data was the best result since June 2022, and this time it was only a slight decline. The dollar is stronger globally, but in a small bit of good news for the Fed, the report said wage-driven inflation may be less of a concern.

The U.S. 2-year Treasury yield rose to 4.45% after the ADP data.

ADP Chief Economist Nela Richardson: Wage growth is slowing sharply, and despite strong employment, wage-driven inflation may have less impact on the economy.

ADP report: The median annual rate of salary growth for professional/business services employees was 6.2% in May, compared with 6.3% in April.

ADP report: In May, the median annual rate of wage growth for employees in the financial services industry was 6.7%, compared with 6.7% in April.

Exxon Mobil CEO: Shale oil and gas are still immature, with only a 10% recovery rate at present.

Market news: The United States and Guatemala agreed to take joint measures to deal with immigration.

According to the German business daily Handelsblatt: Germany and Denmark have signed a legally binding cooperation agreement for offshore wind energy.

Market news: JPMorgan launches payment partner network.

NATO Secretary-General Stoltenberg: Turkey firmly supports the decision to invite Sweden to join NATO.

Andrew Challenger, senior vice president of employment data company Challenger: Consumer confidence fell to a six-month low, and the growth rate of job vacancies also flattened. Companies appear to be cutting back on hiring in anticipation of an economic slowdown.

The financial website Forexlive commented on the number of layoffs of challenger companies in the United States in May: This is the 11th consecutive month that the number of layoffs has exceeded the same period last year. So far this year, we have seen a particularly obvious increase in the number of layoffs. For some perspective, layoffs in the first quarter were already the highest since 2020, and we may see this trend continue in the second quarter.

ECB Minutes: Focus on evidence that various indicators of longer-term inflation expectations rose above 2%.

European Central Bank meeting minutes: Some members also believe that the transmission of monetary policy may be weaker than usual.

ECB Minutes: Core Inflation Trends "Generally Viewed as Worrying".

European Central Bank meeting minutes: the meeting expressed caution over the rapid shrinkage of the euro system.

ECB Minutes: Members generally agreed that financial markets were able to absorb the portfolio-wide balance sheet reduction plan.

Member states generally believe that financial markets are able to absorb a portfolio-wide debt reduction plan.