US employment data has rarely been as important as it is today!
How will the markets react to the data – bad data is good because it increases the probability that the Fed will lower interest rates soon (the markets are currently pricing in a 70% probability that the Fed will lower interest rates in July). Are the rate reduction fantasies already priced in, so that bad data would also be bad data? In any case volatile trading is to be expected today in the aftermath of the US employment market data, after the ADP Labour Market Report had disappointed so much on Wednesday. Otherwise Mexican tariffs will set the agenda. The markets will first come down (White House: tariffs are likely to come), then go up again (Mexico is sending troops to its southern border).