Shares, currencies turn cautious into payrolls clincher

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The Star 2h ago

Shares, currencies turn cautious into payrolls clincher - The Star

Quick Summary:

SYDNEY: Share markets were subdued in Asia on Monday as investors braced for a data-packed week culminating in a U.S.jobs report that could decide whether a rate cut expected this month will be regular or super-sized.

"However, the path after is less clear with financial markets currently pricing around 1-1/2 cuts over the remaining two meetings of the year," said Joseph Capurso, head of international economics at CBA.

The European Central Bank (ECB) is considered certain to cut its rates by a quarter point next week following benign EU inflation figures.