Stock markets had a really volatile session. American indices and the dog of the initial sell-off showed growth, and in the afternoon investors started buying risky assets again. Electricity prices in Europe continue to fall. On the FX, on the other hand, the dollar sings for the second half of the year.
We were able to believe in the result of the American ISM for the manufacturing sector, which was able to pleasantly surprise. Today we expect to see the main results from the US labor market (NFP). They can tell a lot about how much room for maneuver the Fed has for further rate hikes. Therefore, pay attention to the increased volatility of the assets at the time of their publication.
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