Morning Bid Suddenly the Strait of Hormuz is irrelevant to the US

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News Source : Yahoo Entertainment

News Summary

  • Asian stocks are mostly firmer, following Friday's Wall Street rally.
  • European ‌share futures are off as oil rises amid much confusion over the Strait of Hormuz.
  • The soft u.s. payrolls number has markets pricing in a 44% chance of a Federal Reserve hike in September.
  • July retail sales are out on Friday and forecasts favour a modest rise of 0.2%, though there is some downside risk given Amazon moved their Prime Day sale to June from July this year.
Aug 10 (Reuters) A look at the day ahead in European and global markets from Wayne Cole.

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