Top 5 things to know about the market on Monday by Investing.com

Investing.com – Here are the top five things to know about financial markets on Monday, July 8th:

1. Stocks down as Fed rate reduces expectations

The strong US jobs report released last Friday continues to be felt in global equity markets. pointed to a lower opening after one and while in the morning trade.

The US Federal Reserve's creation of 224,000 jobs forced markets to force markets, ending hopes of a half-point cut at the July 30-31 meeting.

The Fed chairman is scheduled to testify on Wednesday and Thursday before congressional committees, which are likely to shed light on his interpretation of the jobs report. Market prices were reduced by a quarter of a point compared to interest rates at the end of the month.

2 German Bank cuts 18,000 massive renovation jobs

Deutsche Bank (DE 🙂 announced Sunday that it would return worldwide with a revamp of 7.4 billion euros ($ 8.3 billion) that would reduce its global footprint by approximately A quarter.

The bank plans to separate from its global equity operations and reduce its much larger fixed income business.

The lender also plans to set up a new "capital release unit" that will reduce approximately € 74 billion ($ 83.1 billion) in risk-weighted assets. Deutsche shares climbed 2.5% at the start of trading before reversing to a 0.5% decline.

3. Boeing under pressure after losing a $ 6 billion Saudi order

Shares in Boeing (NYSE 🙂 fell more than 1% in pre-market trading after Monday for 30 Boeing 737 MAX, valued at $ 5.9 billion at list price.

The Saudi low-cost airline had indicated that it was planning to reconsider its purchase after two fatal crashes of the 737 MAX model. He has now chosen to transfer his fleet of aircraft from his rival Airbus (PA 🙂 to Boeing.

The loss of the order is the last setback for Boeing whose 737 MAX has been grounded in the expectation of updates to ensure its safety. The Federal Aviation Association has stated that it will only lift the ban "if we feel it is prudent to do so".

4. WeWork must raise up to $ 4 billion in debt before it goes public

According to sources quoted by Reuters, WeWork plans to make it public before making it public

WeWork, which is losing money, has been confronted with questions about the sustainability of its business model, which is based on short-term revenue agreements and long-term loan liabilities.

A substantial debt offer could enable it to present a more secure financing base before presenting itself to potential investors as part of a planned initial public offering (IPO).

5. The dollar appreciates against the Turkish lira after a move to the central bank

Although, he took a leap against after President Recep Tayyip Erdogan fired the governor of the central bank Murat Cetinkaya over the weekend.

Erdogan reportedly made the move after Cetinkaya.

His decision revived worries about the safety of the lira, given his earlier pressure on the central bank to cut interest rates despite an annual inflation rate still above 15% in June.

– Reuters contributed to this report.