Market focus

On Wednesday, 02.05.2019, activity in the market will resume in full. At the start of the day, market attention will be focused on data on construction in Australia and business activity in China. China data can set the tone for stock markets early in the day.

The European trading session will be filled with data on business activity in the manufacturing sector (PMI) in the eurozone, which will affect the euro. A more significant event at the European session will be the publication of the Bank of England meeting minutes, which is expected to maintain monetary policy unchanged, but the progress in the situation with Brexit may positively affect the rhetoric of the Central Bank.

The US trading session will be relatively calm. Attention should be focused on preliminary employment data, which may have an impact on American dollar before Friday’s US employment report.

Hanzenko Anton