Market focus

On Friday, August 31, 2018, the day promises to be saturated with inflation statistics. In addition, the month is coming to an end, which will force investors to adjust their positions before the weekend and monthly reports.

At the start of the day, the focus of the market will be on inflation data in Japan and business activity in China. As a result, at first the market will be set in the day, which will be preserved for the opening of the European session. In the middle of the day, investors’ attention will shift on preliminary data on inflation and employment in the euro area, after which activity in the market will go down. The driver of the market will be a technical correction before the weekend.

At the American session, attention should be paid to the data on business activity and the number of drilling rigs in the US, but these news will have a restrained influence on the market.

Hanzenko Anton