This morning’s data from Europe has been mixed: UK’s inflation figures were surprisingly strong, while a key German economic sentiment survey came in significantly weaker and Eurozone’s construction output shrunk more than expected.
Stock markets traded within sight of their highest levels this year today as the prospect of stimulative economic policy across the developed world eased immediate concern over Britain's vote to leave the European Union.
U.S. employment data provided direction to investors who are still anxious about the referendum vote by Britain to leave the European Union. The U.S. added 287,000 jobs, the highest number since October and a shot in the arm for jobs data after the disappointment of the May non farm payrolls report.
The prospect of further cuts in interest rates and bond-buying to support a fractured global economy kept stock markets on the up in Europe and Asia on Friday, and drove U.S. and European government bond yields to their lowest in years.