US equities continue to rally ahead of next week's expected Fed cut, with expectations bolstered by a surge in jobless claims, says Chris Beauchamp, Chief Market Analyst at investing and trading platform IG.
Dow hits new high
Today’s CPI reading cleared the decks for a September rate cut, though the weekly claims figure provided the fuel for the real move higher in US markets. Coming off the back of last week’s payrolls, the signs are there that the employment picture in the US is now definitively weakening. The Fed’s rationale for acting next week got a lot stronger today, and we are seeing plenty of buying in advance of next week’s meeting.
ECB caution lifts euro
While the dollar took another beating following the US data, there is cause to think that the euro is due to strengthen further. Upward revisions to eurozone inflation forecasts by the ECB suggest that another rate cut is a distant prospect. Notably while French stocks rallied despite this week’s confidence vote, German equities have continued to struggle thanks to the stronger currency, being left behind by most other major indices.
作者：Chris Beauchamp，文章来源FXStreet，版权归原作者所有，如有侵权请联系本人删除。
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
加载失败()