-
The beat goes on
If it wasn’t for Friday’s US labour market data, Lionel Richie’s “All night long” would have been a great option for a title today, highlighting PM May’s sleepless effort to strike a deal about a deal with the EU.The November US jobs report was good for risk assets depicting a strong labour market, but with no signs of an acceleration in wage growth, so as Sonny and Cher would sing, the beat goes on (and Eminem da da dum da dum da da). This goldilocks scenario helped US equities close the week in a positive note, the UST curve ended marginally steeper and after initially falling on the earnings headlines, ... (full story)