The Market Is Consolidating. We Expect Reports from the UK, USA, and Canada
Today, the news background is calm. At the moment, the majors are in the process of consolidation. Investors expect a number of important macroeconomic data to be published on Wednesday, July 12. There are 3 key events:
In the Asian trading session, the quotations of “black gold” showed a positive trend. At the moment, futures for WTI crude oil are being traded above $ 44.5 per barrel.
Market Indicators
Yesterday, the major US stock indices showed mixed results: #SPY (+0.11%), #DIA (-0.03%), #QQQ (+0.65%).
The 10-year US government bonds yield is close to monthly highs (2.38-2.39%).
The publication of important economic reports is not planned today
News feed for: 2023.07.04
- Speeches by representatives of the Bank of England Haldane and Broadbent 12:00 (GMT+3:00) and 14:00 (GMT+3:00), respectively;
- The volume of new homes construction in Canada 15:15 (GMT+3:00);
- The number of open jobs in the JOLTS labor market 17:00 (GMT+3:00).
This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.
