What are the main events for today? | investingLive

It’s going to be a synthetic Sunday today given the UK bank holiday and the lack of market moving releases. The only highlight is the German IFO, which is correlated with the German PMIs, so it’s unlikely to be
market-moving. It definitely won’t change anything in terms of interest
rates expectations.

The dovish tilt from Fed Chair Powell could still reverberate today and the markets might extend the moves started on Friday. This week is also pretty empty in terms of economic data with just the US Jobless Claims on Thursday being the main highlight. So, there’s not much in the way in case traders keep betting on Friday’s catalyst.

Next week is going to be key as we get the US NFP report. The Fed is now clearly focused on the labour market, so strength or weakness will influence interest rates expectations greatly.