Market focus - Ester Holdings

Market focus

On Wednesday, 08.05.2019, the calendar of events will continue to be rich in statistics.

In the Asian trading session, market attention will be focused on the publication of the monetary policy protocol of Japan, the RBNZ meeting results and data on China’s trade balance. The RBNZ report is worth highlighting, because it will have a significant impact on the New Zealand dollar thanks to its forecasts. Also, data on China will set the tone for stock markets, especially after the recent worsening of trade relations with the United States.

In the European session data on employment data in Switzerland, industrial production in Germany and  the ECB protocol will be published. It is worth to highlight the speech of the ECB Governor, M. Draghi, who is not expected to make loud statements, but the very fact of his speech may cause an increase in volatility in the euro.

The American session will be very restrained on the news, the volume of construction to Canada and data on the US oil inventories will be released. Data on the US oil reserves have a significant impact on the oil market.

Hanzenko Anton

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