Election 2024

Volatile-Dow-Jones-Fluctuates-Amid-Strong-Job-Data-and-Rate-Cut-Hopes-Preview

Volatile Dow Jones Fluctuates Amid Strong Job Data and Rate Cut Hopes | Daily Market Analysis

Key events: USA - NY Fed 1-Year Consumer Inflation Expectations   UK - MPC Member Haskel Speaks USA - Consumer Credit (May) On Friday, the Dow Jones Industrial Average experienced notable fluctuations, hovering around the 39,300 level. This volatility was driven by US nonfarm payrolls data, which reignited hopes for potential rate cuts. Despite the broader US equity market climbing on renewed expectations of a Federal Reserve rate reduction, the Dow Jones remained stuck in a technical consolidation phase.

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European-Shares-Surge-Amid-Hopes-for-US-Rate-Cuts-and-UK-Election-Buzz-Preview

European Shares Surge Amid Hopes for US Rate Cuts and UK Election Buzz | Daily Market Analysis

Key events: USA - Average Hourly Earnings (MoM) (Jun) USA - Nonfarm Payrolls (Jun) USA - Unemployment Rate (Jun) USA - Fed Monetary Policy Report European shares rose on Thursday, driven by hopes for potential US interest rate cuts following weak economic data. Simultaneously, London's markets surged as voting commenced in the UK general election, with polls indicating a historic Labour Party victory.

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