隔夜市场 坏消息就是好消息,降息猜测引发市场上涨

周五公布的非农就业数据弱于预期,增强了市场对降息宜早不宜迟的信心。 美联储表示寻找弱于预期的就业数据,这引发人们对即将降息的猜测,从而提振股市和债券收益率走软。 欧洲服务业和综合采购经理人指数数据也强于预期。 德国和欧盟的数据显示出更强劲的扩张迹象,尽管制造业仍然是经济活动指标的真正拖累。 欧元稳定在1.0750上方,英镑则维持在1.2550附近。
美元走软使得澳元得以在 0.6600 上方盘整,而纽元则有望重回 0.6000。 当地市场密切关注澳大利亚央行及其最新利率决定。 预计央行将维持利率不变,但叙述将至关重要。 如果央行采取更加“鸽派”的语气,我们可能会看到澳元走软,但围绕“长期走高”的强烈措辞将强化近期的涨势。
The weaker than expected Non-Farm Payroll number released Friday boosted market confidence that interest rate cuts would come sooner rather than later. The weaker than expected employment data is what the Federal Reserve is looking for and triggered speculation that rates cuts may be on the way, boosting equities and bond yields were softer. European Services and Composite PMI data also came in stronger than expected. German and EU data showed stronger signs of expansion, although Manufacturing remains the real drag on measures of economic activity. The EUR stabilised above 1.0750, while the GBP holds around 1.2550.
The softer reserve allowed the AUD to consolidate above 0.6600, while the NZD looks to regain 0.6000. Local markets are firmly focused on the RBA and their latest interest rate decision. The Central Bank is expected to hold rates unchanged, but the narrative will be crucial. If the Bank adopts a more ‘dovish’ tone, we could see a softer AUD, but strong language surrounding ‘higher for longer’ will reinforce the recent rally.
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