Today’s stock markets, December 6th. Markets are betting on rate cuts. US work slows down

MILANO – There is the prospect of a reversal in the monetary policies of the Fed and ECB which continues to keep investors’ mood high. To strengthen speculation that the Federal Reserve’s work is finished, some indications of a slowdown in the labor market have arrived: only 103 thousand jobs created in the private sector in November, below estimates. In Europe, after Isabel Schnabel defined new increases in ECB rates as “unlikely” following “significant” drops in inflation, the markets are pricing in a 90% possibility of the start of a reversal of the monetary cycle by Frankfurt as early as first quarter of next year. According to futures, there are five quarter-point denominations fully priced in by the markets, he notes Bloomberg. Worth noting is the result achieved by the Indian stock market: for the first time it exceeded 4 trillion dollars, bringing it closer to Hong Kong which is losing its luster.

2023-12-06 13:30:06
#Todays #stock #markets #December #6th #Markets #betting #rate #cuts #work #slows

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