Draghi Faces German Lawmakers today

Daily Updates:

Yesterday’s markets

• Markit services PMI and Markit composite PMI for the month Sep. 2016

• OPEC meeting

Yesterday explained

The Markit Flash US services PM Business activity index rose to 51.9 in September from the previous month’s final reading of 51.0.

This signaled the fastest monthly rise in activity since April, albeit one that was still relatively modest, Markit report said that, activity has now increased in each of the past seven months.

The seasonally adjusted Markit Flash US Composite PMI output index ticked up to 52.0 in September from 51.5 in August, this pointed to the fastest monthly increase in output for five months.

Regarding OPEC meeting, Members of the Organization of the petroleum exporting countries won’t reach to curb output during talks this week, but could agree to cut production when they meet in November.

Today’s markets

• OPEC meeting

• RBA’s assistant Governor Edey speech
• Durable goods order for the month of Aug. 2016 from US
• ECB’s president Draghi speech
• Fed’s Yellen testifies Speech
• EIA crude oil stock change for 23 Sep. 2016
• Foreign investment in Japan Stocks Sep. 2016

Today’s focus

Day starts with changes in some major currencies like EUR, GBP, and CAD, focus of the day is going to be some major events for the day. Including Durable goods order data for the Aug. 2016 from US, ECB’s president Mario Draghi speech at 01:30pm GMT, Fed’s Yellen testifies speech at 02:00pm GMT, and to Finish of the day US will be releasing the data of  EIA Crude oil stock change Sep. 23 2016 at 02:30pm GMT.