Global shares are still rallying in this last trading session of the week. European equities, from London to Madrid, are edging higher, following a positive trend set by stocks in Asia as the optimistic sentiment persists, especially after Washington said to be considering possible delays on US tariffs hikes against Mexico. In Europe, investors do not seem overly worried by the last ECB press conference as M. Draghi said he will take action against any economic outlook deterioration. Stock traders see favourably central banks’ promises to back and sustain the US and EU economies against any downturn. However, investors will scrutinize today’s key US jobs report with great attention in order to detect possible cracks in the economy.
Photo by Alice Pasqual
If the report is more disappointing than expected, it could send stock markets curiously higher this time after J. Powell said he would be open to take action. This is a crucial day in London too as Prime Minister Theresa May is set to step down as leader of the Conservative party. The EU has however wanted to reassure investors by saying another Brexit delay will be granted, regardless of who is going to be the next British Prime Minister. The FTSE-100 index is registering a fifth consecutive advance, edging 0.5% higher and hitting its highest price level in two weeks.