Increasing concerns that the rapid spread of the virus Delta variant will prompt fresh restrictions and interrupt the global economic recovery seem to be spreading fast. For now at least though, markets appear quite resilient ahead of key US jobs data due for release on Friday. Investors will be trying to gauge whether the US Fed will be forced to review its current view on inflation and tighten monetary policy sooner than currently anticipated.
There are a number of other data releases before then from the US and Europe including Eurozone consumer sentiment and inflation data today. Investors will also be focusing on a key speech later today from Christine Lagarde, ECB President, at the Brussels Economic Forum.
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