ECB doves gain field as euro area inflation slows. | MarketTalk: What’s up today? | Swissquote

Show notes

The Chinese stocks extended gains on Monday as China announced more stimulus measures and investors rushed to buy before the markets closed for national holiday today. The CSI 300 index jumped more than 8% on Monday and was up by a whopping 26% in six sessions. But the S&P500 gained barely 1% over the same period. Maybe, Powell gets worried that the Chinese measures would boost inflation, along with the potential price risks from the US port strikes due to begin today? Whatever it is, the Federal Reserve (Fed) doves were on the retreat yesterday, the euro doves gained field. All eyes are on the EZ inflation and US jobs data.
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