European stocks are jumping as traders bet on loose Fed policy, while US markets break for the 4th of July

  • US markets are closed for the July 4 holiday.
  • European stocks rose on Wednesday as disappointing US employment and commercial data fueled anticipation of looser monetary policy.
  • US hiring figures from payment-processor ADP missed market forecasts, while the ISM non-manufacturing PMI survey delivered its lowest reading in nearly two years.
  • “This host of reports again validates the slowdown in the US economy and explains why the Fed seems poised to start cutting interest rates as soon as possible,” said Konstantinos Anthis, head of research at ADSS.

Source: European stocks are jumping as traders bet on loose Fed policy, while US markets break for the 4th of July

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