Market Comment | Better than expected U.S. labour market changes the course of the week

Summary

Three main market drivers this week were the next resumption in stalled US-China trade talks after G20, the announcement of dovish nominations at the ECB and the Fed and better than expected U.S. labour market hiring.

Key points

• Key points:
• Trump-Xi manage to get talks back on track.
• Lagarde nomination for ECB President is being viewed as a dovish signal.
• U.S. monthly jobs report showed much stronger-than-expected employment growth in June.

Geographies

Topics

Tags