A look at the day ahead in U.S. and global markets from Mike Dolan

After its best week of 2023 on optimism about peaking interest rates, Wall Street’s S&P500 (.SPX) looks set to record its longest winning streak since June as a key Federal Reserve loan report may well sustain the rates buzz.

A below-forecast national payroll gain last month, a tick higher in the unemployment rate and moderating wage growth all catapulted stocks and bonds higher on Friday after a week brimming with hope the rate hiking campaign of the major central banks is over at last and a relatively soft landing beckons.

The Fed’s latest quarterly senior loan officer survey is due for release later on Monday and should reinforce the point that rate rises to date are taking effect on shrinking credit growth.

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