Mixed Activity in European Services Sector as Markets Reevaluate Rate Cut Expectations
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#142fda0b ver:0.41

European markets finished modestly higher last week, but concerns over rate cuts led to some gains being given up. In contrast, US markets continued to rise following a strong US payrolls report for January, causing traders to reassess rate cut expectations. The positive job numbers and the strength of the US economy have prompted markets to reconsider the possibility of rate cuts in May. While the manufacturing sector may have bottomed out, the services sector in Europe is showing mixed activity. The US economy is proving to be more resilient than its European counterparts, with the prospect of a US recession appearing further away. US company earnings are also expected to hold up. As a result, the US dollar and yields rebounded strongly on Friday. The S&P 500 is up 3.96% year to date, an...

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