Yesterday, the attention of the financial market participants was focused on the Bank of England meeting. The regulator raised the key interest rate by 25 basis points to 0.75%. The head of the Central Bank expressed concern about the upcoming Brexit. In June, the volume of retail sales in Australia increased by 0.4%, which is higher than market expectations at 0.3%. These statistics supported the Australian dollar during the Asian trading session.
Today, the publication of a report on the labor market in the US, which will determine the further alignment of forces on majors, will be the key event. Preliminary data from ADP turned out to be quite optimistic. We recommend paying attention to the difference between the actual and forecasted values of the indicators.
Oil quotes are consolidating. At the moment, futures for the WTI crude oil are testing a mark of $68.9 per barrel.
Market Indicators
Yesterday, the major US stock indices closed in the positive zone: #SPY (+0.54%), #DIA (0.00%), #QQQ (+1.36%).
At the moment, the 10-year US government bonds yield is at the level of 2.97-2.98%.
The news feed on 2018.08.03:
The index of economic activity in the UK services sector at 11:30 (GMT+3:00);
Statistics on the labor market in the US at 15:30 (GMT+3:00).
