Spreadex Market Update
Euro markets storm forward
Clearly investors will be scrutinising, and perhaps even more so than usual, all the jobs data from the US in the foreseeable future. It may be a case where an improvement in the labour market actually upsets optimism as this could act as an incentive for policy officials to reduce stimulus measures. Although it would be interesting to see whether slowdowns in other major global economies, specifically China, would be enough for policy officials to reverse their stance on solely relying on improvements within the US labour market to justify a slowdown in quantitative easing.
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