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05/02/2021 Market Chat

Authored by ZanderVanDerMerwe
05.02.2021
Market Commentary
0
1 min

Yesterday the BOE put out a statement during its Monetary Policy Meeting stating that rates will remain the same as well as asset purchasing. In the BOE statement, they did however state that they will give the economy “6 months of breathing space” before any negative interest rates will be considered to give the economy a post lockdown rebound.

US unemployment claims also showed a bit better yesterday as the claims came down with 49 000 also indicating that NFP data is anticipated to be a positive reflection.

The US Senate is also currently still busy with President Biden's stimulus plan as the democrats push to get the vote through, the republicans on the other hand filed 550 amendments that are being addressed.

Focus for today will shift to the Non Farm Payroll data this afternoon. Notable of a watch js BOE Gov Bailey speaking at 2:15 and Canadian unemployment released at 3:30 this afternoon.

Authored by ZanderVanDerMerwe
05.02.2021
Market Commentary
0
1 min

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