A slowing job market supported US markets. Today, comments from the ECB and a patchy PMI will provide support

American shares rose strongly again on Friday (S&P 500 +1.3%, Nasdaq +2.0%), when the markets reacted positively to the sharp slowdown in the creation of new jobs. In April, 175,000 jobs were created in the US in the non-agricultural sector. revenge against 240 thousand To the right and downwards was the revision room and sla for the runner and the norwegian. This renewed the market’s expectations of the Fed’s rate hikes in 2018. Apple shares responded with an increase of almost 6% to the announced massive buyback, Amgen shares rose by almost 12% thanks to the good results of the test of the upcoming drug for weight loss.

European markets are rising this morning thanks to the prospect of a dream rate cut, which supported the release of ECB chief economist Lane. He drew attention to the rapid, unexpected drop in inflation in the EU and said that the FED rates are important, but domestic development is important. The markets are led by the shares of energy companies, which are reacting to the increase in oil prices by Saudi Arabia and the renewed tension in the Middle East after Hamas did not accede to the mediator’s proposals with Israel.

The data on the PMI in services for the Eurozone then showed a month-on-month increase and was above the market average.

Petr Brtek, analyst