July 5 - A triple whammy of rate cuts in Europe and China, and a cash injection in the UK, leaves investors underwhelmed before a forecast weak U.S employment report.
A triple whammy for financial markets as the ECB follows 2 other central banks by easing policy. A quarter point rate cut in the eurozone the second down what we've been trying to -- on this yet. And another fifty billion pound cash injection from the Bank of England. Investors stayed mostly underwhelmed as the Euro falls below one dollar and 24 cents. And Spain forced to pay the highest rates in seven months to -- ten -- funds. The slightly more Jeff Ireland for attending to the capital markets for the first time in almost two years for the generally well received T bill auction. Well ECB's move to lower rates by 25 basis points had been widely anticipated the bank's president Mario Draghi. Says inflationary pressures are still low enough to allow room for -- Economic growth in the Euro area continues to remain weak. We've heightened uncertainty weighing on confidence and sentiment. But the latest round of easing comes against the background of a weak local and global economy in the first top of the yet. But one of the outlook going forward David Page of Lloyds bank wholesale banking and market. Says there are some reasons to be optimistic. Clearly marks a lessening union's national app economy is not just domestic issues. We do expect that I continued softening but I think you know there are some signs particularly the suffering from internal processor. Hopefully -- national economies particularly China which is already showing some signs of eight extra lending. -- site. I think the United States should -- signs of acceleration towards the end and I can and help the European economies including the -- Looking at now the US June jobs report out on Friday -- likely to highlight the fragility of the recovery in America. Nonfarm payrolls are set to grow by a meek and 90000 on the month just ahead of the 69000. Total for night. Several unemployment rate is full cost to remain unchanged at eight point 2%. Another -- set of employment numbers could well be a factor in tipping the Fed into following other central banks with more policy easing. Let's all finale join us each weekday for Reuters today a snapshot of the latest world news market headlines and social media buzz I'm Nigel Stephenson -- is --