Photo: Orin Zebest on Flickr
European markets are in the red this morning and U.S. futures are looking negative.Enthusiasm about coincidental rate cuts and easing measures from a number of the world’s central banks seemed to fade even yesterday, but today it’s clearly gone.
That said, Europe could look worse. Only the Spanish IBEX 35 is taking a beating of more than a few tenths of a percentage point in losses, down 1.4 per cent.
A big U.S. jobs report could change this lack of momentum, however. We’ll get data on the change in non-farm payrolls in June at 8:30 AM ET.