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Mild risk positive sentiment to kick off the new week
It is a quiet start to the week on major markets, with a hue of mild risk positivity. Friday’s rather mixed batch of US data has done little to change the outlook and has left traders somewhat betwixt and between for the new trading week. Friday’s jobs report saw better than expected payrolls data but was still not great, whilst wages were also just OK. A miss in the ISM Manufacturing also leaves the industrial sector under pressure (whilst the terrible Prices Paid component will add to concerns of subdued inflation trends). So the dollar has got little traction out of all of this. However, the latest on the ... (full story)