Market Review 03 July 2020

by Constantinos Loizou

  • In the Economic calendar of today we can expect some volatility in EUR and GBP. 
  • At 08:00 (GMT) the Markit PMI Composite for European Union will be released by Markit Economics 
  • The PMI monthly Composite Reports on Manufacturing and Services are based on a large number of business executives in private sector manufacturing and services companies. 
  • A level of 50.0 signals no change since the previous month, above 50.0 signals an increase (or improvement), below 50.0 a decrease (or contraction). The result is forecasted at 47.5. 
  • At 08:30 (GMT) UK’s Markit Services PMI will be released by both the Chartered Institute of Purchasing & Supply and the Markit Economics. 
  • Any reading above 50 signals expansion, while a reading under 50 shows contraction. The result is forecasted at 47. 
  • The European Central Bank's President Christine Lagarde will give a speech tomorrow morning at 10:40 (GMT). Her comments may positively or negatively the euro's trend in the short-term. 

 US Indices yesterday 

  • SP: +0.45% 
  • NASDAQ: +0.61% 
  • DOW: +0.36% 

European indices yesterday 

  • DAX: +2.84% 
  • EURO: +2.84% 
  • MIB: +2.88% 
  • CAC: +2.49%