Following better than expected US payrolls and the start of ECB QE, Michael Hewson takes a look at the impact on stock indices, the euro/dollar and major bonds.
- The S&P 500 has fallen back from its highs as dollar strength weighs, with all eyes on whether the word ‘patience’ will be included in next week’s FOMC press release
- The FTSE 100 has seen a sharp tumble below support at 6860 and may target 6750 as investors fear the impact of currency appreciation on corporate earnings
- EUR/USD has continued to slide, with some traders calling for parity on the divergence in monetary policy
- The gap between German and US bond yields is at a record high and continues to add additional pressure
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Video content by Michael Hewson of CMC Markets.