The Bell Ringers #8: Markets Freak Over Strong Jobs Data, Powell Testimony, ECB Change Of Guard

The Bell Ringers

Join Investing.com senior analysts Jesse Cohen and Clement Thibault as they review the most significant events that rocked financial markets last week and discuss what’s in store for the week ahead.

The format is simple: the two spend three minutes talking about each topic; a bell sounds when time is up, whereupon they move on to the next topic.

This week’s episode starts with thoughts on the market’s odd reaction to Friday’s strong jobs report, which saw expectations for a 50 basis point interest rate cut this month from the Federal Reserve all but fade away.

Next up: IMF Director Christine Lagarde was nominated to succeed Mario Draghi as president of the European Central Bank when his term comes to an end in October. The hosts discuss what that means for markets.

Finally, the two touch on gold and whether the yellow metal’s recent rally has come to an end after suffering a major selloff at the end of last week.

Turning their attention to the week ahead, the duo provided thoughts on how markets are likely to perform in the upcoming week as investors focus on Fed Chair Jerome Powell’s semi-annual monetary policy testimony before Congress.

They also discuss this week’s U.S. inflation data, expected Thursday and Friday, and what it could mean for the Fed’s policy in the months ahead.

The pair also consider the start of the second-quarter earnings season on Wall Street, which kicks into gear with PepsiCo's report on Tuesday.

Finally, each provides their stock of the week: Ford and Visa.

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