Morning Bid: Back on the rate cut track

European markets will be waking up to a fairly quiet session with London closed for a holiday and little on the economic calendar to stand in the way of the latest rate-cut rally.

Elsewhere, U.S. earnings have, on the whole, been strong and company guidance generally bullish, the Fed appears reluctant to raise rates again and signs of softer economic data are keeping hopes of rate cuts this year alive. And while lower U.S. rates would ease the pressure on most other currencies, over in Japan, that would only have a miniscule impact given stark interest rate differentials are likely to remain.

James Baldwin famously said, "Anyone who has ever struggled with poverty knows how extremely expensive it is to be poor." In January 2014, long after the Great Recession but before the pandemic,...

Source: Financial Digest (financialdigest.net)

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