The Senior Strategist: Believes in a positive week

July 02, 2012

Senior Strategist at Jyske Bank, Ib Fredslund Madsen, believe that last week's positive EU summit will rub off on the markets this week.

This week, however, two interesting events can change that picture. ECB announces its monetary policy decision on Thursday and Friday the U.S. job report arrives. Ib Fredslund Madsen believes the ECB will have to come with either a rate cut or other form of relief in order to not disappoint the market. With regards to the U.S. job report Ib Fredslund Madsen believes, that anything under 100,000 new jobs will disappoint. Jyske Bank believes in between 100,000-120,000 new jobs.