Markets Highly Reactive to Trade War Concerns from US & China

Daily Update - 2nd August 2018

Yesterday’s Markets

• NZD Employment Change & Unemployment Rate
• US Federal Monetary Policy Statement & Interest Rate Decision

Yesterday’s Focus

New Zealand Unemployment Rate remained weaker than the previous quarter and NZD Reports on Employment change was positive giving out a mixed signal to the Investors Globally.

Federal Reserve gave an upbeat assessment of the World’s largest Economy and stayed on course to gradually lift their Interest Rate Decisions.

Analysts believe that “There was no big surprise in the last night statement, but the overall tone was a little bit stronger than last one”

 

Today’s Markets

• GBP Interest Rate Decision, Monetary Policy Summary & Bank of England
• US Initial Jobless Claims & Continuing Jobless Claims

Today’s Focus

The Bank of England is widely expected to raise the Bank rate on Thursday together with the publishing of August Inflation Report.

US will release their Initial Jobless Claims & Continuing Jobless Claims which will be an indicator of the current conditions of the US Job Sector.