Daily Market Comment – Equities and dollar cool after ISM data, showtime for BoE
Posted on May 6, 2021 at 8:30 am GMT· Euro/dollar trapped near $1.20 region, stocks drift after ISM survey · Huge day ahead for British pound, with BoE meeting and local elections · Markets quiet overall as investors mark time until nonfarm payrolls Searching for a narrative Global markets continue to trade without a concrete theme. The economic crisis is slowly fading into the rear-view mirror as the phenomenal government spending impulse meets successful vaccination programs, and central banks remain committed to keeping the financial system flush with [..]