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ADP misses, ISM Services sets record, Clarida could support end 2022 liftoff, Treasury rally overdone, Robinhood mania, bitcoin higher post Gensler interview - MarketPulse
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6/29/2021 4:35:16 AM GMT
Despite a frisky overnight session for US stock markets, Asia-Pacific markets just can t shake off the pandemic blues. The Covid-19 delta variant is having a global impact, with cases rising in the UK and Russia and appearing in Europe. Meanwhile, Malaysia, Thailand and most worryingly, Indonesia, continue to the battle, with three state capitals in Australia now in lockdown as well. The list goes on, but unless you are bulging with m-RNA muscles in the US, disquiet is creeping into equity markets about whether forecasts of reopening’s and recoveries need to be revisited.
Equities aside, other asset classes remain in wait-and-see mode ahead of PMI Thursday and then Friday s US Non-Farm Payrolls which should give the street clarity on their Federal Reserve tapering thinking. Mind you, I have said that about the last two payrolls numbers as well. Still, this time around, a high print should see a tapering reaction in markets. In contrast, another soft pri
Pandemic blues dampen Asia - MarketPulse
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