Reported about 1 year ago
Global equities were set to hold onto record highs as traders awaited US jobs data for clues on Federal Reserve rate cuts. Markets expect a slowdown in US employment, with hopes for a September rate cut driving the longest stretch of weekly gains since March. Emerging market equities also benefited, with the MSCI Emerging Markets Index reaching a two-year high. Currencies like the Brazilian real and the pound were broadly higher and little changed, respectively, amidst election results and data releases. Key events this week include Eurozone retail sales, the US jobs report, and speeches from Fed officials.
Source: YAHOO