Spotlight Falls on NFPs, Canada Jobs Report Also in Focus

Today, the highlight is likely to be the US employment report for June as investors try to figure out how aggressively the Fed may proceed with cutting rates, after it signaled that it would “act as appropriate” to sustain economic expansion. Apart from the US report, we get jobs data from Canada as well. A decent report could keep BoC officials’ hands away from the cut button, at a time when most of the other major central banks are already cutting rates, or signaled they could do so soon.

Markets Await the US and…