From Investing.com: 2024-06-07 02:29:00

The European Central Bank announced a 25bp rate cut but raised inflation targets and ruled out a July cut, causing Eurozone yields to jump while EUR/USD sees support in a more hawkish ECB stance. The reflation trade is on with positive sentiment in energy and metals following central bank rate cuts and Chinese export data. US NFP data will be key as the Fed is not expected to cut rates next week. Antitrust investigations into Nvidia and Microsoft are underway due to their dominance in AI, but historically, this has not hindered their stock prices.



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