MADRID (Reuters) - Real Madrid manager Carlo Ancelotti said on Friday that he does not fear LaLiga leaders Barcelona but has the utmost respect for Hansi Flick's side, who they host on Saturday.
FILE PHOTO: A trader works on the trading floor at the New York Stock Exchange . REUTERS/Andrew Kelly/File Photo
Still, stocks have remained broadly calm on strong U.S. data and earnings, though the VIX index of expected equity market swings sits above its 2024 average, signaling possible turbulence ahead. Trade worries have helped drive a gauge of expected volatility in the euro over the next month to its highest in 18 months.
The Nov. 1 jobs data for October could be a flashpoint - feeding into the Fed's rate decision six days later, where traders now expect a 25-basis-point rate cut, having previously seen a strong chance of a second 50-bps reduction. Strong earnings from the likes of Tesla have kept the equity market calm, Janus Henderson multi-asset manager Oliver Blackbourn said, as well as robust U.S. data.
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