🟢 SRX Global is trading 6.92% up today after weak July payrolls reduced Fed rate-hike expectations

SRX Global is trading 6.92% up at $1.73 after unexpectedly weak July employment data sharply reduced expectations of an imminent Federal Reserve rate hike.

• July payrolls fell by 23,000 versus expectations for an increase.
• The move extends SRX Global’s momentum after its August 7 close rose 11.19%.
• Investors continued favoring risk assets; broader markets were relatively subdued on August 10, so the macro catalyst appears stronger than today’s index moves.