Total nonfarm payroll employment increased by 223,000 in May, and the unemployment rate edged down to 3.8 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in several industries, including retail trade, health care, and construction.
The United States will impose tariffs on steel and aluminum imports from the European Union, Canada and Mexico from midnight Thursday, May 31, ending months of uncertainty over potential exemptions and sharply escalating the risk of a trade war. The announcement by Commerce Secretary Wilbur Ross was sure to cast a long shadow over a meeting of finance ministers from the world's Group of Seven top economies that opens later in the day in Canada.
CME Group announced it reached an all-time daily volume record of 51.9 million contracts traded on May 29, 2018. The previous single-day volume record was 44.5 million contracts, set on Nov. 9, 2016.
Market events to watch this week

BCause LLC today announced that the firm has engaged ASGARD Partners & Co. as its exclusive Capital Markets Advisor for a Series B capital raise of $25 million in equity.

CloudQuant has allocated $20 million to a crowd resourced trading strategy, according to the company in a press release.

Market events to watch this week
Coinigy, a cloud-based cryptocurrency trading platform built for experienced traders, announced the launch of Coinigy Mobile, a full-featured, subscription-based, mobile cryptocurrency trading application for Android and iOS. Coinigy Mobile provides a customizable, infinitely-scalable, fully-secure, 99.99% uptime environment for cryptocurrency spot trading on nearly 20 exchanges with data connectivity across more than 40 exchanges.
CME Group and Eris Exchange have struck an exclusive licensing agreement to migrate Eris USD Interest Rate Swap Futures to CME Group and the CME Globex trading platform in Q4 2018.
Market events to watch this week