The market sentiment is mixed. Let’s look at most interesting movements on the market today.
In August China factory surge suddenly speeds up in further global boost
In August, surge in China's manufacturing sector suddenly accelerated, hinting that the world's number two economy keeps expanding at a healthy clip notwithstanding ascending financing costs as well as a cooling housing market.
Along with stronger American economic surge posted overnight, the Asian country’s official factory outcomes showed the global economy is still on sturdy footing for now notwithstanding worries that ascend might start fading in the nearer months.
China's resilience has shocked financial experts so far in 2017 and provided an extra boost to a global revival notwithstanding Beijing's crackdown on riskier types of lending as well as ever-tougher curbs to get the overheated housing market under control.
Issued on Tuesday, in August, the official Purchasing Managers' Index inched up to 51.7 from last month's 51.4, thus ruining economists' hopes for a marginal dip.
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
The overall market sentiment was mixed after the USA recorded the largest increase in virus cases since May 9. The data even offset the better-than-expected NFP.
The risk-on tone is back on the market again. Let’s look at main trading opportunities.