Daily Update - 6th April 2017
Yesterday’s Market Yesterday Explained Markit Services PMI figures from Euro zone had mixed figures which did not help the declining EUR against the strengthening Dollar. From US, Only ADP Employment change came out better than expected while rest of the reports reported negative figures ahead of FOMC Minutes report. Much of the language from the FOMC minutes yesterday restated the optimistic views about the US Economy however, Dollar and Equities dropped after most of the report weighed on lower downside global economic risks, greater upside in fiscal policy risk and described the January consumption slowdown as temporary. Today’s Market The all-important meeting between US President Donald Trump and Chinese President Xi Jinping will take place later in the evening. It would be interesting to see how this will go in terms of Trade deals between US and China. From Euro zone ECB Monetary Policy Meeting Accounts will be released. This contains an overview of financial market, economic and monetary developments. Data wise from US, Initial Jobless claims will be released later in the day and a positive figure on this report could provide support to US Dollar as the all-important Non-farm payrolls figures will be released tomorrow.
