Vaccine Optimism Boosts Stocks, NFP Up Next
Fiona Cincotta July 2, 2020 7:12 AM
An injection of optimism from vaccine news has spurred stocks higher, attention will now turn to the US labour market

An injection of optimism from vaccine news has spurred stocks higher. Asian markets advanced overnight with the upbeat mood spilling into Europe for the open. Bourses in Europe are pointing to a stronger start, paring losses from the previous session.
Attention will now turn towards the keenly awaited US jobs report which will shed light on whether the US is able to sustain its fragile economic recovery even as covid-19 numbers surge across the south of the country.
As reopening plans are put on pause or are being rolled back in areas of the US, a weak report could refocus market fears and drag stocks lower whilst boost the safe haven US Dollar. On the other hand, a strong report, combined with vaccine optimism could see stocks surge towards the weekend.
FTSE Chart
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