Market focus - Ester Holdings

Market focus

On Wednesday, 01.08.2018, the economic calendar remains saturated with news mainly due to the publication of data on business activity in the manufacturing sector. So, in the first half of the day, in addition to data on business activity in the manufacturing sector of China, the euro area and the UK, the employment report in New Zealand is expected, which will open the day. Preliminary in the middle of the day is expected OPEC meeting.

The second half of the day is fully devoted to the US data. So, the market will expect data on the number of employed in the nonfarm sector, data on business activity in the manufacturing sector and oil inventories in the US. But the main event of the day will be the publication of the results of the US Federal Reserve meeting, which will come closer to the end of the day. However, the expectations of this meeting of the US Central Bank remain very restrained. The focus will be on data on the rate increase this year.

Hanzenko Anton

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