The markets never focus on one story for long and although that unprecedented move by the European Central Bank yesterday helped boost European shares and gave most markets at least a small lift, we’ve moved on to the next benchmark. As trading got underway in Asia today it was clear there was still caution ahead of the US jobs figures due later. To some extent the figures will please some investors whichever way they go. The likelihood is that unemployment will have fallen in May, and that would mean 4 months in a row that the workforce had increased, a marker of improved economic stability in the US, which could mean a change in the Federal Reserve’s strategy. On the flip side, if there was to be a rise in unemployment, an extended financial stimulus from the Fed may appeal to some. Read the full story.
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