Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
Britain’s May seeks to relieve Brexit fears at new business council
Britain’s Prime Minister Theresa May is going to chair a discussion on Brexit as well as the national economy at the first gathering of a new business council scheduled on Thursday, in an attempt to rebuild bridges with companies concerned over the UK’s departure from the EU.
Having lost the governing Conservatives' parliamentary majority at an ill-judged election the previous month, Theresa May has stepped up engaging with business after some companies criticized her government for inability to address their concerns over Brexit.
A great number of companies have urged the authority to push the EU to agree a lengthy and clear transitional arrangement after the United Kingdom leaves the European bloc in 2019 to assist them in making investment decisions.
The gathering points to a shift for May, whose ex-aides had intended to break what they actually felt was an overly cozy relationship between big business and the government before her was reduced due to the June election.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.