Daily Update - 2nd July 2018
Tankan large all industry Capex measures capital expenditure (capex) of all the Japanese industries except the financial industry. Euro zone will release their Unemployment figures along with their PMI Manufacturing which will give us an insight on their current Economy. Construction spending and ISM manufacturing reports is a significant indicator of overall economic condition in US. A bullish AUD is expected for a hike in interest rates and bearish trend if the RBA decides to go on with the ongoing interest rate. In a stressed UK economy, construction reports are an indicator of the business conditions in construction sector. With the ongoing trade wars, the factory orders and total vehicle sales report will have a profound impact on the share prices of major companies in both US and Eurozone. US markets are closed due to the observance of US Independence Day and Australia will release its Trade Balance and Retail sales report which will be a key indicator followed by their Interest Rate decision on Tuesday for Investors for future economic projections. Conclude with Euro zone will release its PMI Composite and Services report Highlight of the week starts on Thursday with Speech by Carney Governor of Great Britain on their current economic conditions. US will release its FOMC Meeting minutes and followed by a strong US Reports such as Initial Jobless claims which will be the Key Highlight of the week since US is on positive streak of another few rate hike decisions to be made for 2018. US Average Hourly Earnings and Non-Farm payrolls will be the reports will be monitored closely by Investors and Fed Members for their future projections on Interest Rate and their bond purchasing program. Followed by Canada will release its Unemployment report which will indicate on their current Job Market condition. Finally to conclude the week Australia will release its construction performance index. Monday
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