Rio Times Global Economy Briefing
The Big Three
JOLTS exploded. US job openings jumped to 7.618M in April from 6.887M, smashing the 6.860M consensus and reaching a near two-year high — pushing Fed December hike odds firmly above 60%.
Marvell surged 33%. Nvidia CEO Jensen Huang’s comments lifted the chipmaker as the S&P 500 cleared 7,609.78 — a fourth consecutive record close.
Eurozone inflation edged higher. Headline CPI rose to 3.2% from 3.0% and Core to 2.5% from 2.2%, complicating the ECB easing path Germany’s print had appeared to clear.
