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Market focus
On Wednesday, 10.07.2019, the day will be saturated with significant statistics.
The Asia-Pacific trading session should focus on inflation data in China and the speech of the RBNZ Governor. Data on inflation in China will influence significantly the general market sentiment and investors’ concerns about the global economy.
In the European session, all market attention will shift to the UK data: GDP and production data. Expectations in the UK remain very positive, especially given the significant slowdown in the UK production.
At the US trading session, it is worthwhile to highlight US data: the speech of Fed Chairman Powell and the publication of the FOMC protocol; and in Canada: the interest rate decision of the Bank of Canada.
Hanzenko Anton