The market takes breath after the long rally. What opportunities do traders have today?
British employers' hiring confidence is the lowest outcome since Brexit vote
UK employers' readiness to hire and invest has gone down to its lowest value since the previous year's vote to break up with the European Union, according to a poll by the recruitment industry issued on Wednesday.
The Recruitment and Employment Confederation told that up to 29% of companies polled reported higher confidence in hiring as well as investment, although 20% turned to be less confident than before. The upbeat margin was the narrowest reading since the REC got down to the poll in its current form in June last year.
Meanwhile, employers' confidence as for the British economy happened to be the lowest outcome since November. Some financial experts consider this dip to be a red flag for the UK economy.
British businesses keep hiring just to meet demand. However, issues like Brexit negotiations, access to labor as well as political uncertainty are generating nervousness.
The United States will publish a weekly update on unemployment claims on July 9, at 15:30 MT time.
The market sentiment deteriorated amid increasing virus cases in the USA and Australia. Investors prefer safe-haven assets like gold, the US dollar and the Japanese yen.
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
Congratulations! Gold has just opened a new era... or, rather, reopened...
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.