A look at the day ahead in European and global markets from Kevin Buckland:
Chris Weston, head of research at Australia's Pepperstone, called
report a "nirvana" of strong job creation and weaker wage growth, and it continues to colour everything.next week just cements a hike in July, and any thoughts of rate cuts this year are getting cleared from the table.The Fedspeak that has been such a big driver of markets in recent weeks, will go quiet in the days ahead with officials in a blackout period.
There's been a slight pullback in expectations for further tightening after last week's data showed euro-areaLagarde said that day that there was still "ground to cover" in the tightening cycle.saying a decline in energy costs should help cool inflation.
Elsewhere, Turkey's lira continued its sharp descent since the re-election of President Tayyip Erodogan, despite the weekend appointment of highly regarded Mehmet Simsek as finance minister, in a signal the country is moving away from unorthodox interest rate cuts in the face of high inflation.more than 1% to 21.12 per dollar in thin Asian trading, approaching the record low of 21.80 marked last week.
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