Markets Look Over the Atlantic

mar bonnin palmer

The ECB president, Mario Draghi, in the press conference yesterday affirmed its wait-and-watch approach and played down hopes of additional stimulus. Services PMI released across Europe today have not been encouraging. Market participants are gearing up for the crucial US non-farm payrolls report due later today, which is expected to reveal a faster pace of job additions for April. Additionally, concerns over leadership changes in Europe will keep investors focused on the French and Greek elections during the weekend.

At home, following yesterday’s soft services PMI reading, downbeat comments from NIESR and key BoE personnel have further aggravated matters.

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Markets Look Over the Atlantic

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