No-Deal Brexit Court Hearing & US NFP takes Center Stage

Daily Update - 5th September 2019

Yesterday’s Market

• AUD Gross Domestic Product
• ECB Retail Sales

Yesterday’s explained

Australia Gross Domestic Product remains unchanged showing slow to no growth over the previous quarters. ECB Retail Sales resulted positive further boosting the Euro against the dollar across the board yesterday.

 

Today’s Market

• GBP UK Court Hearing on forcing a no-deal Brexit
• US Initial Jobless Claims & ISM Non-manufacturing PMI

Todays Focus

UK will host the Court Hearing on forcing on no-deal Brexit and this could be well looked upon by Investors and Media. Followed by US Initial Jobless Claims is a measure of the number of people filing first-time claims for state unemployment insurance.In other words, it provides a measure of strength in the labor market. A larger than expected number indicates weakness in this market which influences the strength and direction of the US economy.

ISM Non-Manufacturing Index released shows business conditions in the US non-manufacturing sector.

 

It is worth noting that the non-manufacturing sector does not influence, either positively or negatively