The number of non-farming new jobs was weak in May as employers added a mere 75,000 jobs. Normally, you would think that this would be bad for the economy and thus usually bad for stocks. But what it has done is bolster the Federal Reserve’s case for cutting interest rates as soon as this month, […]
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With global central banks pointing towards more dovish policy signals, the ECB’s Governing Council meeting in Vilnius was the event of the day. Traders are now betting on a cut in the next year, only months after a raise had been the consensus. Traders are now focused on what the renewed TLTRO program will look […]
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