See More Downside To EMs if Fed Hikes Rates

The European Central Bank (ECB) on Thursday surprised markets when its President Mario Draghi downgraded inflation forecast and pledged more quantitative easing (QE) if needed. 
Micheal Every of Rabobank believes this will have a near-term impact on equities and the markets will rally as long as some central bank or the other continues to pump in money. 
He expects the United States non-farm payroll data, which is expected to come out later in the day, to come in at 217,000 in August versus 215,000 In July. 
He says if the data is strong, then the US Federal Reserve may increase interest rates on September 18.
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