BLOOMBERG Bloomberg July 3, 2024
Good morning, im lizzy burden in london. Strong u. S. Factory data pushes markets to really think cuts. Iran vows a response after a strike at the embassy killed two generals. This over the invasion of raw for rafah. Heightened oil risk and supply. You had time to digest the central bank bonanza. Lots of ecodata amongst fed speak. 19 including fed chair powell. Weve had data reinforcing this narrative that inflation is falling more slowly than expected, hence why the fed will not be in a rash to cut rates. You saw stocks joining a loss continuing later, pointing to a lower opening but in europ...