EnergyScan

Not too hot, not too cold

Perfect! That was markets’ reaction after the release of the US job report showing higher-than-expected job creation, enough to be reassuring on growth, but not too strong to fuel inflation fears. Expectations that the Fed would be able to maintain a very accommodating policy even caused bond yields to fall to their lowest level in four months and pushed the USD lower. The EUR/USD exchange rate fell to 1.1808, before rebounding above 1.1850. And of course, US equities reached new highs. Asian markets did not follow overnight, after the Chinese Caixin PMI in services posted a strong decline to just above 50.
PMI in china
Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-economy
September 9, 2021

Important ECB meeting today

Although bond yields eased a little, equity markets continued their downward correction yesterday and the trend continued in Asia.  The inflation rate in China eased to +0.8%,…
ES-economy
November 29, 2021

Omicron storms the markets

A wave of panic swept through the financial markets on Friday in a context of low liquidity. The announcement of the emergence of a new variant,…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet?  Sign up here!

[booked-calendar]