Market waits for US employment data
Quote of the day: “Everyone has ideas, not everyone acts on them!”
March 4th: Highlights
- US Non-Farm Employment Change
- US Unemployment Rate
- US Trade Balance
Adding to the Brexit story, German Fin Min Schaeuble said that Germany & the UK would still trade if the UK left the EU. He also said he felt that the EU deal was good, both for the UK and the EU.
Eurozone PMI Services hit 53.3 (Vs. 53.0 forecast) which gave the market a good enough excuse to buy Euro and push it a little higher.
The market has been fairly quiet overnight and the morning session is expected to be relatively uneventful ahead of the Non-Farm Payrolls and the unemployment rate in the US this afternoon. Strong data here will have the market returning to discussions of when the Fed will raise rates next.
Have a great day!
Morning mid-market rates – The majors
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