A look at the day ahead in European and global markets from Kevin Buckland:
Chris Weston, head of research at Australia's Pepperstone, called
report a "nirvana" of strong job creation and weaker wage growth, and it continues to colour everything.next week just cements a hike in July, and any thoughts of rate cuts this year are getting cleared from the table.The Fedspeak that has been such a big driver of markets in recent weeks, will go quiet in the days ahead with officials in a blackout period.
There's been a slight pullback in expectations for further tightening after last week's data showed euro-areaLagarde said that day that there was still "ground to cover" in the tightening cycle.saying a decline in energy costs should help cool inflation.
Elsewhere, Turkey's lira continued its sharp descent since the re-election of President Tayyip Erodogan, despite the weekend appointment of highly regarded Mehmet Simsek as finance minister, in a signal the country is moving away from unorthodox interest rate cuts in the face of high inflation.more than 1% to 21.12 per dollar in thin Asian trading, approaching the record low of 21.80 marked last week.
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European markets look set for muted openEuropean markets look set for a muted open as traders digest the U.S. debt ceiling agreement and euro zone inflation data.
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Man City beats Man United in FA Cup final to complete second leg of treble bidManchester City’s mission to win a treble of major trophies has stayed on track after beating Manchester United 2-1 in the FA Cup final.
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2 Coastside crashes give emergency crews a busy morningA crash in El Granada Saturday sent a car off the road, hitting a house and injuring 2; later, a car rolled over farther south on Hwy 1, prompting Cal Fire to tweet a caution to slow down while driving along the coast.
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An early Saturday morning Danville police chase ends in a fiery crashA seemingly routine traffic stop in Danville early Saturday morning resulted in a police chase with the fleeing vehicle striking another vehicle, rolling onto its roof, and catching fire, police say.
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