Main scheduled daily economic news and data most likely to move markets today, 6th August 2019
Very little market moving data to report here today. Yesterday 5th August 2019, U.S. & UK reported service sector data.
U.S. and China collectively turned up the ‘trade war’ heat a degree or two on Monday 5th August with concerns over the Yuan currency valuation. Was it in response to Trump’s tariffs threat?
Volatility returns to the stock market.
U.S. – Fed member speech due at: 17:00 BST may be watched more closely than usual?
UK PMI data
Service data reading showed the sector improved in July – but despite improvements Brexit continues to hold the sector back. A reading above 50 shows expansion.
U.S. PMI data
U.S. service sector slowed in July. The index reading fell from June’s 55.1 to 53.7 in July. However, a reading above 50 shows expansion.
Note
Items highlighted in red are more likely to move markets, amber and blue less so. Only what I regard as the ‘main’ scheduled events are listed here.