US labor market: big test for the bulls! Video outlook (german)

Today’s data from the US labor market is a big test for the bulls’ story. The economy will recover strongly, so after three quarters of declines corporate earnings will pick up again. Which is why the high valuations on the stock markets are justified. Expectations for today’s figures are high (180,000), although some indicators (ADP Labour Market Report, ISM Indices) point to rather weak data. In focus today is also the second bull story. The expectation of a prompt trade deal between the US and China. Trump obviously demands that Beijing commit itself to the required volumes (40-50 billion Dollars per year). Only then is it prepared to reverse existing tariffs…

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