Neza Molk
Slovenia
2m
π“π¨ππšπ²β€™π¬ 𝐌𝐚𝐫𝐀𝐞𝐭 π€π πžπ§ππš | πƒπšπ­πš 𝐑𝐞𝐚𝐯𝐲 𝐝𝐚𝐲 Today is packed with important economic data, and these releases can move markets not only today, but also over the next few days and weeks. 𝐊𝐞𝐲 𝐞𝐜𝐨𝐧𝐨𝐦𝐒𝐜 𝐝𝐚𝐭𝐚 𝐭𝐨𝐝𝐚𝐲 U. S. Nonfarm payrolls Unemployment rate Average hourly earnings Retail sales Core retail sales Flash PMI data for manufacturing and services EU Eurozone flash PMI data Markets are heading into the session cautiously. US futures are lower after continued weakness in tech stocks, following disappointing guidance and higher spending plans from companies like Broadcom and Oracle. Investors are now waiting to see whether today’s data confirms recent rate cuts or the FED acted too fast. π–π‘πšπ­ 𝐒𝐬 𝐧𝐞𝐱𝐭 For the next days and weeks, markets will focus on more long awaited economic data that will put more light on the economic situation. If jobs and consumer data cool only slightly, markets usually take this as positive. It supports lower interest rates without hurting growth expectations. If the data comes in much weaker than expected, volatility can rise quickly, equities may sell off, and recession fears can return. And today is only the start, we will get more U. S. inflation data like CPI and PCE indexes, and also ECB and BoE decisions on interest rates. Buckle up, it is going to be a very volatile week. Nezatron
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