Weekly Market Outlook
A few economic data releases and official events deserve attention this week. The first one is the RBA interest rate decision scheduled for Tuesday. On the next day, a whole string of services PMIs are going to shed more light on the current economic situation in Europe. Markets will be closely watching the ECB meeting later in the day to see if any new monetary measures are being considered by the central bank’s members. We close the week on Friday with the US non-farm payrolls change and the unemployment rate report, with expectations set for further millions of job losses and unemployment skyrocketing to 20%.