The US employment index was worse than expected, something that encourages the possibilities that the Fed ahead a cut in interest rates.
The main indices in Wall Street they retreate against bad economic data in the US and despite the hopes of investors in which the Federal Reserve (Fed) Go ahead in interest rates, after the last data of the employment index is worse than expected.
The European bags They go up on Tuesday, with a series of results and macroeconomic data at the point of view, while Investor’s trust improved in the hope that the Federal Reserve cut interest rates at its September meeting.
The paneuropeo index Stoxx 600 It rose 0.1% and most regional bags also quoted green. Global markets were positive, after the probabilities of a Fed type cuts in September increased to almost 94%, according to CME Fedwatch, after the weak US employment creation data last week.
The oil prices They fall for the fourth consecutive day, given the growing concern for economic growth and the possibility of an excess of supply, Reuters reported. Brent crude futures dropped 1.21%, Au $ S67.93 per barrel, and the American crude fell 1.33%, au $ 65,41.
LIVING FINANCE MARKETS ACTIONS BAGS INVESTMENTS
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Dollar
He dollar It goes back on Tuesday in front of the euro and Yen, after the weak US employment data that caused a strong sale of the green ticket. Investors are waiting for the services of the Institute of Management and Supply (ISM), which should show a slight improvement that supports the US currency.
Goldman Sachs expects the Fed to apply three consecutive cuts of 25 basic points from September, with a possible movement of 50 basic points if the next employment report shows a new increase in unemployment. It also considers that European Central Bank It has concluded its relief cycle.
Economists raised their growth forecasts for the Eurozone and Japan after relatively benign trade agreements, while indicating that Friday’s labor report confirmed that the US economy is around staging speed.
Meanwhile, the recent dismissal of the director of the Office of Labor Statistics and the resignation of the governor of the FED, Adriana Kugler, could harden the opinions of the Federal Open Market Committee (Fomc) to guarantee the protection of their independence, according to analysts, who remember that the new designated person will only have a vote in this instance of the entity.
Source: Ambito
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