European Shares See Decline Amid Market Caution Before US Payrolls Report
Friday, 6 September 2024, 02:18
Market Reactions to US Payrolls Expectations
European shares declined sharply this week, reflecting a cautious sentiment among investors. Market analysts are closely monitoring the upcoming US payrolls report, with uncertainty influencing trading decisions across the continent.
Potential US Central Bank Actions
- Money markets currently indicate a 57% chance of a 25-basis point cut in September.
- Forecasts suggest a total easing of 111 basis points by the end of 2024.
With these factors at play, investors remain apprehensive, creating an atmosphere of hesitation in trading.
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