MSCI World Heads for 2.4% Weekly Gain as Europe Rises Before 80,000-Job US Report
Updated
Updated · Egyptian Gazette · Aug 7
MSCI World Heads for 2.4% Weekly Gain as Europe Rises Before 80,000-Job US Report
3 articles · Updated · Egyptian Gazette · Aug 7
Summary
MSCI’s All-World index was steady Friday but on track for a 2.4% weekly rise—its best since May—while Europe’s STOXX 600 climbed 0.6% on the day and 2% for the week.
Robust earnings and renewed AI enthusiasm helped offset Middle East conflict worries, leaving investors focused on July US payrolls as the next test for rates and equities.
80,000 jobs are expected for July after June’s 57,000 increase, with unemployment seen holding at 4.2%; money markets are split on whether the Fed raises rates next month.
JPMorgan said a strong payrolls print could pressure stocks by reinforcing higher-for-longer rates, while a softer report may lift equities if yields ease and policy expectations turn more dovish.