Main scheduled daily economic news and data most likely to move markets today, 7th August 2019
Little scheduled major market moving data to report today.
Note – China’s yuan
China – sets yuan rate at slightly below $7.00. The yuan has been weakening recently as the trade war between the U.S. and China intensified. The yuan’s level against the dollar is crucial as a lower currency makes exports cheaper.
Scheduled market news
New Zealand – Reserve Bank of New Zealand interest rate announcement
Germany – industrial production data due at: 07:00 BST
UK – Halifax house price data due at: 08:30 BST
EU – ECB member speech due at: 08:30 BST
U.S. – mortgage applications data due at: 12:00 BST
Canada – purchasing managers index (PMI) due at: 15:00 BST
Note
U.S. – China trade war intensifies and continues to set the market agenda for the week.
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.