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Published on Friday, July 5, 2019 | Updated on Friday, July 5, 2019

Market Comment | Better than expected U.S. labour market changes the course of the week

Three main market drivers this week were the next resumption in stalled US-China trade talks after G20, the announcement of dovish nominations at the ECB and the Fed and better than expected U.S. labour market hiring.

Key points

Key points:
Trump-Xi manage to get talks back on track.
Lagarde nomination for ECB President is being viewed as a dovish signal.
U.S. monthly jobs report showed much stronger-than-expected employment growth in June.