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It was a busy morning, with private sector PMIs from member states and for the Eurozone in focus. Later today, expect ISM Non-Manufacturing PMI figures from the U.S to be key, however.
Following a bullish day for the majors on Tuesday, the German economy and U.S labor market data will be in focus today. Expect ADP nonfarms to have a greater influence, however.
April 30, 2021SharePrint Everyone on Wall Street is trying to figure out if the peak in Treasury yields will stick for a while now that the US is approaching peak growth. The best expansion since World War 2 is being accompanied with a Fed that remains committed to supporting the economy until a complete recovery. The playbook for many traders appears to be the Fed could announce at the June FOMC or at the Jackson Hole Symposium that they are ready to start talking about tapering, paving the way for a gradual reduction of the $120 billion per month in asset purchases. Another busy week ahea...