Giuseppe Dellamotta
What are the main events for today?
- All eyes on the US NFP report
Canada GDP for May -0.1% vs -0.1% expected
- Canada GDP for May 2025
US Q2 Employment Cost Index +0.9% vs +0.8% expected
- US wage growth data for Q2 2025
How have interest rates expectations changed after the Fed and the US data?
- The strong US data and the slightly more hawkish than expected Fed led the market to trim rate cut bets
S&P 500 Technical Analysis – Great tech earnings trump Fed induced weakness
- The slightly more hawkish than expected Fed decision weighed on the stock market, but the losses were quickly erased as Meta and Microsoft delivered big beats on earnings. What’s next?
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