Economic calendar 2nd. July 2019 – main scheduled events likely to move markets today…
Australia interest rate: RBA reduces bank rate to 1% – the second reduction in as many months. Another attempt to boost the economy. Just a hammer left in the tool box then..?
UK – Nationwide house price data due at: 07:00 (BST)
Germany – Retail sale data at: 07:00 (BST)
UK – Construction PMI data due at: 09:30 (BST)
Australia – Governor speech due at: 09:30 (BST)
Canada – PMI data due at: 14:30 (BST
UK – BoE governor speech due at: 15:00 (BST)
Ongoing – U.S. & China trade war and ongoing trade discussions, FED interest rate cut (July rate cut speculation). Geopolitical tensions (U.S. & Iran). UK Brexit. Potential global economic slowdown concerns linger. DOW & S&P 500 break records.
And Trump tweet of the day…