Weak US Job Data Could Lift Stocks, Says Morgan Stanley’s Wilson
Summarize this article with:
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Moderate weakness in this week’s US job data could feed bullishness in equity markets as it would raise the probability of further interest rate cuts by the Federal Reserve, according to Morgan Stanley strategist Michael Wilson. Investors are waiting for the data for clues as to whether the Fed is close to being done easing monetary policy, after three straight cuts, or if it has to move more aggressively.