N.S. flood victim surprised by apartment makeover | SaltWireGlobal stocks are having their strongest weekly rally in a year, global yields are sliding and corporate earnings reports have been surprisingly robust.
The premise is that the Federal Reserve, Bank of England, European Central Bank and other central banks are done raising rates. Investors are now looking to when the easing cycles start and how far they go. Around 70 to 75 basis points of Fed easing next year is priced into the U.S. curve, and almost 50 bps of expected rate cuts is reflected in the UK curve.
Friday's employment report for October is expected to show that employers added 180,000 jobs during the month. Average hourly earnings are expected to have increased by 0.3% in October, following a 0.2% gain in September..
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