Wednesday, 3 June 2020

Russell 2000 Bests Nasdaq Rally, Bonds Plunge on ADP & PMI Data

The reflation trade accelerates as Russell 2000 Index price action surges, outpacing tech stock stalwarts in the Nasdaq. Bonds swoon driven by encouraging ADP employment, ISM Services PMI data.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...