Daily digest market movers: Hold on tight

avatar
· 阅读量 61


  • Inflation data from both Germany and Spain showed an intensifying disinflation trend, with even some German provinces posting price declines on a monthly basis. This triggered a sharp move lower for the Euro (EUR) against the US Dollar (USD), erasing nearly all gains booked last week.
  • At 14:00 GMT, Pending Home Sales for July will come in. Expectations are for sales to increase by 0.4%, down from the 4.8% rise seen a month earlier.
  • Around 19:30, comments are expected from Federal Reserve Bank of Atlanta President Raphael Bostic, who delivers a presentation and participates in a Q&A about the Federal Reserve and the US economic outlook to Georgia Tech's Scheller College of Business Management of Financial Institutions class.
  • Equities are trading flat in Asia, looking for directions after markets branded the Nvidia earnings report as a miss. European and US equities are trading flat to minor losses. 
  • The CME Fedwatch Tool shows a 65.5% chance of a 25 basis points (bps) interest rate cut by the Fed in September against a 34.5% chance for a 50 bps cut.  Another 25 bps cut (if September is a 25 bps cut) is expected in November by 44.2%, while there is a 44.6% chance that rates will be 75 bps (25 bps 50 bps) below the current levels and an 11.2% probability of rates being 100 (25 bps 75 bps) basis points lower. 
  • The US 10-year benchmark rate trades at 3.84%, not that far off its peak for this week near 3.87%.

风险提示:以上内容仅代表作者或嘉宾的观点,不代表 FOLLOWME 的任何观点及立场,且不代表 FOLLOWME 同意其说法或描述,也不构成任何投资建议。对于访问者根据 FOLLOWME 社区提供的信息所做出的一切行为,除非另有明确的书面承诺文件,否则本社区不承担任何形式的责任。

FOLLOWME 交易社区网址: www.followme.ceo

喜欢的话,赞赏支持一下
avatar
回复 0

加载失败()

  • tradingContest