Market overview 2024-06-06

The US stock market trading can be characterized as " the calm before the storm". The employment report coming out today is likely to give a vector to the medium-term trading outlook, pointing to the chances of a summer rate cut. The chances for this move are not lost yet and the ECB's rate cut move also strengthens the prospects for monetary easing in the US. However, the election year brings its own adjustments and politics comes to the fore.