In today’s volatile markets, is bad news still good news? Or maybe the bad news is so bad it could just be bad?
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribefor a second day, but the Dow Jones Industrial Average managed to buck the trend with a slight rise. The pan-Europeanfell to 7.67 million in July, 237,000 fewer than June's number, which was revised downwards. It's not only lower than the expected 8.
Markets are confused. Investors want rate cuts because they are a tailwind for markets. But rate cuts tend to be driven by negative economic data. This leads to a confusing scenario in which"bad news is good news but maybe the bad news is so bad it could just be bad?"
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