Stock markets are continuing to see conflicting economic data as strong US unemployment data was undermined by a 36 year low in the participation rate.
With the OECD also downgrading global growth forecasts and lingering concerns over Eastern Europe, Michael Hewson suggests that corporate earnings need to start beating expectations.
- NASDAQ 100 seeing a series of lower highs and may be forming a bearish head and shoulders pattern
- Euro continues to rise against the dollar ahead of the ECB rate meeting this week
- GBP/USD rallying towards $1.75 which will be key to targeting $1.78
- Apple shares have broken higher following the latest earnings report and may see further gains
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Video content by Michael Hewson of CMC Markets.
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