Fed Hike Absorbed Silently

1 min read
Source: Reuters.com
Fed Hike Absorbed Silently
Photo: Reuters.com
TL;DR

World markets remain resilient despite the increasing likelihood of another U.S. interest rate hike, with China's stock markets extending their rally and U.S. employment data taking center stage. U.S. futures now indicate a more than 50% chance of another Federal Reserve rate rise, and bond markets have calmed down after last week's volatility. The dollar remains firm but off recent highs. The focus this week is on labor market data, including job openings and the national payrolls report. China's stock markets advanced for a second day, supported by measures to boost investor sentiment.

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