Asian stocks set for best weekly gain in nine years, ECB stimulus boosts euro; U.S. jobs eyed

Investors were a tad cautious at these heady levels with valuations at their highest since the dot.com boom in 2000, according to Matthew Sherwood, investment strategist for Perpetual.

World equity markets were thrashed in March when they hit “bear territory” on fears the COVID-19 driven lockdowns would push the global economy into a long and deep recession.“Central banks have rightly stepped in to cushion the economic blow of COVID-19 and unquestionably succeeded in steadying the ship,” said Bob Michele, chief investment officer and head of the global fixed income, currency & commodities group at J.P.Morgan Asset Management.

Investor attention is now focused on Friday’s U.S. employment report, which is expected to show nonfarm payrolls fell in May by 8 million jobs after a record 20.54 million plunge in April.

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Stocks in Europe slip ahead of ECB decisionEuropean stocks edged lower Thursday in cautious trade ahead of the latest European Central Bank decision.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Global Stocks Falter Ahead of ECB DecisionGlobal stocks falter as investors await weekly jobless claims, trade data and an ECB monetary policy decision The printing will continue. For sure. Making a garbage fiat currency worthless. Brrrrrrrrrrrrr Since when have any of these things mattered before to the stock market? Yeah 'cuz that's the ONLY thing that's important. Money. Nothing else.......😐
La source: WSJ - 🏆 98. / 63 Lire la suite »

The ECB just announced $676 billion of new stimulus to fight the coronavirus - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. It appears we're in a perpetual state of emergency,forever, until the end of time -Cortisol City!Rates can never normalize,QE can never stop, all forms of purchase programs either...How long until the banks own literally everything at this rate, and there's nothing left to buy? quite amazing aka tax payers announce they will be contributing to their own stimulus
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »