Wolf Money(world market review 3-9 Aug 2026)
(Fire works display at Kallang Basin) Market Summary 3-9 Aug 2026 *USA* -US labour market lost 23,000 jobs in Jul, vs estimate increase of 80,000, weakest reading since Feb; Jun’s gain cut to 20,000 from 57,000, May’s reading revised to 63,000 from 129,000; unemployment rate lower to 4.1% vs 4.2% in Jun + ISM PMI rose to 55.6 in Jul from 53.3 in Jun, highest since May 2022, factory hiring finally expanded after 33 straight mths + ISM Services PMI edged down slightly short of estimates at 54.1, new orders improved but hiring shrank again + US Composite PMI Output Index at 54.5 in Jul, vs 51.9 in Jun: S&P Global ± US wholesale inventories up 0.2% MoM in Jun reaching US$944.7bn + US job cuts down 27% MoM to 33,429 in Jul, down 46% YoY ± US initial jobless claims up 1000 to 199,000 + US private payrolls rose 44,000 in Jul: ADP + US Q1 nonfarm business sector labour productivity rose 1.4% in Q2, labour costs rose 1.3% -US has refunded abou...