Look ahead: NFP; China and German trade balance; Halifax house price index; Bellway
Ahead of the key US jobs report, investors ask whether a softening NFP be the so-called ‘soft landing’ narrative the Fed’s looking for, in order to cut interest rates? China and Germany unveil their latest trade balance print.
Plus, watch out for the Halifax house price index and Bellway trading statement as Britain counts down to an expected UK interest rate cut and general election.
(AI Video Summary)
NFP numbers
Angeline Ong previews key financial indicators in the "Look ahead" to Friday, 7 June, emphasising the anticipated non-farm payroll (NFP) numbers, trade balances from China and Germany, and notable currency movements influenced by central bank actions.
She highlights the European Central Bank's recent rate cut and its implications for inflation and the euro, while pointing out expectations around US payroll growth which could influence Federal Reserve decisions.
DAX 40
Additionally, Ong discusses German industrial trends via the DAX 40 index and the rising trajectory of UK house builders like Bellway in anticipation of potential government supports for the housing sector.
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