The momentum is pretty strong -- the market has turned bullish and this is largely due to their inflation fears and on expectations of higher U.S. interest rates,
More Quotes from Mitul Kotecha:
Overall, he is opening the door to further rate hikes. It could also suggest that rates could go higher than currently priced in.Mitul Kotecha
Investors will look for any sign that he believes the Fed is close to the peak in its interest rate cycle.
Mitul Kotecha
Overall, this week's data releases will help to continue to paint a picture of strengthening growth in the euro zone, but will hardly point to any acceleration.
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The whole China effect is fading. We are moving back to trading in familiar ranges and the market is realizing it was not a big move.
Mitul Kotecha
The market was looking for a weak number. There was a relief rally when the number came in stronger than expected.
Mitul Kotecha
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