The Market Screener Marketscreener

Investors were eagerly awaiting one of their favorite data, that has the power to take markets to new records, or get them to recede. I’m talking about the monthly US employment figures - known as the NFP report.

The ECB has cut rates for the first time since 2019, from 4% to 3.75%. This is the first rate cut among the world's largest economic blocs and investors are happy, although they want to know more about the bank’s future monetary policy.

On the eve of a highly-anticipated U.S. monthly employment report, of a likely ECB rate cut and equity markets are still confused, but cautiously optimistic.

It's often said that bad economic news is good news for equity markets, but that didn't work out so well yesterday. Bad news remained bad news. But perhaps the equity markets are also confused by being bombarded with contradictory data.

The last week of the month of May 2024 has been a bearish one: for equities, for gold and for oil. The last week of May saw a number of assets fall, with the notable exception of bonds, which worked in reverse (their yields fell, so they rose).