A goldilocks US jobs report expected

While a concrete deal between the US and Iran remains elusive, the market is hopeful that the Strait will at least partially re-open while talks continue. Investors will also have to focus on ‘payrolls week’ with a flurry of information about the US labour market. Will the labour market heat up and put pressure on the Fed to hike this year or will the labour market stay relatively weak despite a booming economy? Is AI doing all the work? And will this week’s inflation data set the ECB up for making a policy error? These are some of the issues Karen and Hugh discuss this week.