On the Spot: Questions Outnumber Solutions

The phrase more questions than answers rather neatly sums up the current financial markets, with US data being the fulcrum of the conundrum. As if to underscore the issue, Jolts were subtly disappointing, as one analyst said, whilst last Friday's Non-Farm Payrolls beat all expectations. Fed officials are equally contradictory, but less and later, with regard to interest rate cuts, it seems to be the overriding message.

Read more