Market focus

On Wednesday, July 31, the day will be saturated with meaningful data.

At the beginning of the day you should pay attention to the data on business activity in China, which will show the level of global activity and set the mood on the stock markets. Also in the Asian session, there are inflation data in Australia, which will significantly affect the national currency.

The European trading session will be full of preliminary data on French GDP, employment in Germany and inflation in the eurozone.

In the American session will publish data on Canada’s GDP and business activity in the United States. But, despite all the saturation of the day with news, all market attention will be focused on the US Federal Reserve meeting results and interest rates, which will be released at the end of the day. Because of what trading during the day will be restrained.

Hanzenko Anton