US jobs in focus, with unemployment claims setting us up for tomorrow's jobs report
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European markets are higher as banks and miners lift the FTSE 100. The services sector is in focus, with the UK likely to have exited its recession in Q1. US jobs remain in the limelight, with unemployment claims setting up for tomorrow's jobs report. Yesterday's comments from Jerome Powell highlighted the Fed's view on risks to cutting rates too late or too soon. The services sector prices paid metric declined, helping lift hopes of a June rate cut. Tomorrow's average earnings data will likely provide the most relevant data point to follow. Today's unemployment claims data will likely signal resilience in the US economy. European indices are optimistic about an improved environment for manufacturing and commodities. The article is a marketing communication and does not constitute investment advice.
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