US JOLTs job opening stand at 5.36 million in May, around expectations which stood at 5.33 million. This was the number also in April (after revisions). The level of quits remained unchanged at 2.7 million, unchanged from April. The picture remains the same: continued moderate growth in the US labor market.
This figure is eyed by the Fed and helps the dollar maintain its gains.
IBD/TIPP Economic Optimism remained unchanged at 48.1 points, lower than 48.9 expected, but it plays second fiddle.
Earlier, US traded balance showed a deficit of 41.9 billion, a bit better than 42.5 billion expected but above 40.7 billion seen beforehand.
All in all, US data looks OK. Despite the mediocre NFP seen last week, the dollar is still “the cleanest shirt in the dirty basket” – it is sought at times of trouble and these are times of trouble.
The Greek crisis is still with us: negotiations are going in Brussels between Greece and its European partners. In China, the government’s efforts to stabilize the falling stock market haven’t succeeded so far.
More: Is Germany about to accept a big Greek debt restructuring? 5 Developments
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