2012-07-06
Market Report – 6 July 2012
- China, UK and Eurozone all act to stimulate economy in massive session for markets overnight
- ECB cuts rates by 25 basis points; BoE adds GBP50b to QE program
- Aussie trades to new two-month highs after Eurozone rate cuts but eases back lower in late trading
- Poor US ISM and retail sales numbers causes US markets to end lower despite central bank action
- Gold lower as better US jobs numbers reduces QE hopes, oil flat after early gains
- Tonight’s US non-farm payrolls seen as incredibly important for QE prospects