Thursday July 31 - Market Summary
United States:
June personal income rose by 0.2 percent.
June personal spending increased by 0.3 percent.
Core PCE inflation was up 0.2 percent, showing steady disinflation.
The Federal Reserve is likely to stay cautious; no immediate rate cuts expected.
Japan:
The Bank of Japan kept its interest rate at 0.5 percent.
Policymakers signaled possible rate hikes later this year if inflation remains strong.
The yen strengthened, and Japanese equities posted small gains.
China:
Official July PMIs remained weak, with manufacturing below the 50 threshold.
Signals continued sluggish growth momentum.
United Kingdom:
The Lloyds Business Barometer showed slightly improved sentiment in July.
Eurozone:
July inflation figures and June unemployment rate due later today.
Markets watching for signs of inflation persistence or labor market softness.
Canada:
May GDP expected today, with modest economic growth forecast.
Market Implications:
US dollar remains firm due to strong data and delayed Fed rate cut expectations.
Japanese yen is stronger on expectations of further tightening by the Bank of Japan.
US equities are supported by strong earnings and soft inflation trends.
Bond markets are stable with little movement in yields.
Commodities face downward pressure due to weak Chinese data.
Key data to watch today includes US jobless claims, Chicago PMI, Eurozone inflation, and Canadian GDP.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
United States:
June personal income rose by 0.2 percent.
June personal spending increased by 0.3 percent.
Core PCE inflation was up 0.2 percent, showing steady disinflation.
The Federal Reserve is likely to stay cautious; no immediate rate cuts expected.
Japan:
The Bank of Japan kept its interest rate at 0.5 percent.
Policymakers signaled possible rate hikes later this year if inflation remains strong.
The yen strengthened, and Japanese equities posted small gains.
China:
Official July PMIs remained weak, with manufacturing below the 50 threshold.
Signals continued sluggish growth momentum.
United Kingdom:
The Lloyds Business Barometer showed slightly improved sentiment in July.
Eurozone:
July inflation figures and June unemployment rate due later today.
Markets watching for signs of inflation persistence or labor market softness.
Canada:
May GDP expected today, with modest economic growth forecast.
Market Implications:
US dollar remains firm due to strong data and delayed Fed rate cut expectations.
Japanese yen is stronger on expectations of further tightening by the Bank of Japan.
US equities are supported by strong earnings and soft inflation trends.
Bond markets are stable with little movement in yields.
Commodities face downward pressure due to weak Chinese data.
Key data to watch today includes US jobless claims, Chicago PMI, Eurozone inflation, and Canadian GDP.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.