Asian shares hovered near two-month highs on Friday as investors braced for U.S....
World stocks and bonds have rallied since June on hopes global central banks will keep policy easy to support growth.
“A weaker than expected read would increase expectations of an emergency 50 basis points rate cut in July given that two soft payrolls are very rare with the last being back in 2012,” he said. The Fed is not alone in embarking on easier monetary policy. Australia’s central bank has cut its cash rate by 50 basis points since June while leaving the door ajar for a third move this year. In the euro zone, financial markets expect the bloc’s central bank to lay out the landscape for further monetary easing at its July 25 meeting.Germany’s 10-year government bond yield DE10YT=RR, a benchmark for euro zone debt, fell to minus 0.
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