Markets Float while US & China Trade Talks Hangs in Balance

Daily Update - 2nd July 2019

Yesterday’s Market

• Germany Unemployment Rate
• UK Markit Manufacturing PMI
• US ISM manufacturing PMI

Yesterday’s Explained

Common currency Euro tipped over the dollar yesterday with weaker figures shown from Germany’s Unemployment rate and US on the other end resulting positive for the dollar from US ISM Manufacturing PMI. While Sterling pound struggles to maintain a positive balance UK Markit Manufacturing did not do anymore favors either.

 

Today’s Market

• Germany Retail Sales
• RBA’S Governor Philip Lowe’s Speech

Today’s Focus

The Retail Sales released is a measure of changes in sales of the German retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales. The changes are widely followed as an indicator of consumer spending. In the latter part of the day RBA’s Governor Philip Lowe will give out his speech on the current economic conditions and also their future policies & projections.