The most important event for the stock markets today is likely to be the U.S. employment data. That is, the U.S. initial jobless claims and the continued claims for unemployment benefits. Strangely enough, these initial US applications present a very different picture than the major US non farm payrolls data. They are in fact contradictory. Which data is correct, which is not? Yesterday, Wall Street stock markets turned upward in the last hour of trading, led by the Nasdaq. But apart from the Tech index, the stock markets seem to be stuck in a sideways movement before the start of the US reporting season, especially the Dax. The statements by Lighthyzer on the trading deal with China (7 p.m. German time) will also be important today.
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