EUR USD. US data supported the dollar

Index of business activity in the euro zone services rose from 52.8 to 52.9, while the composite index from 53.1 to 53.2, which was a complete surprise, since the expected reductions. In Germany, the index of business activity in the services sector rose from 53.7 to 54.4, the composite is from 54.4 to 55.3. The situation is similar in France, where the index of business activity in the services sector rose from 49.9 to 50.5, while the composite from 49.6 to 50.1. The important thing is that in France the…

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GBP/USD. Brexit shadow hangs over Britain

The pound strengthened yesterday by more than a hundred points, which was due to several factors. Thus, the index of business activity in the UK construction sector decreased from 46.0 to 45.9, which was welcomed by the market, as the expected reduction to 43.8. But US statistics was not so joyful. Of course, personal spending rose by 0.4%, increasing inflation expectations, however, is not the first month running costs are rising faster than revenues. Personal incomes themselves rose 0.2%, slightly worse than expected. Moreover, if the trend continues, it could…

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Something strange is happening in the closing market time

The stock market bounced after the unexpected decision of Britain to leave the EU. Does this mean that investors are willing to take risks again? Hardly. Strong traders risk in the day, but avoid risks overnight. Credit Suiss drew attention to the daily trading volume on the closing market . On average, the volume increased from 8.4% to 9.8% over the last 2 years, which means that traders cut positions before the market closes. There has been a lot of changes overnight The stock market is driven by macroeconomic events that…

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LSE shareholders approved a merger with Deutsche Boerse

On Monday, shareholders of London Stock Exchange Group Plc (LSEG), the operator of the London Stock Exchange (LSE), almost unanimously (99.89%) have approved a merger with Deutsche Boerse AG. The merger would create Europe’s largest securities market operator securities with a market capitalization of more than $ 27 billion. However, there remains uncertainty associated with the position of European Regulators in relation to the merger of two leading stock market operators. Thus, Berlin has insisted that after the decision of the British withdrawal from the European Union (Brexit) the headquarters…

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Oil prices are beginning to stabilize – Minister of Saudi Arabia

The global oil market is moving towards equilibrium, and oil prices are beginning to stabilize, said Saudi Oil Minister Khalid Al Fatih. According to the Saudi news agency SPA, the Minister held a meeting with the new Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Mohammad Barkindo, to discuss the role of OPEC in maintaining the stability of the oil market. According to Khalid Al-Fatiha, Saudi Arabia with the help of OPEC is committed to continue to play an important role in providing the world’s growing demand for…

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Australia’s trade deficit increased in May

In May, Australia’s trade balance deficit widened to A $ 2.22 billion, against $ A1.79 billion in April, said the Australian Bureau of Statistics, while analysts had expected that it will be $ A1.7 billion. Exports rose by 1.0% and imports – by 2.0%. Retail sales gained 0.2% in May, while economists were expecting 0.3% gain. Meanwhile, April’s increase was revised down to 0.1% from 0.2%.

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The Bank of England will cut interest rates to zero – TDS

Analysts TDS believe that after the results of the referendum in the UK the Bank of England will cut interest rates to zero: “We expect that the UK will enter a short and shallow recession like as increased uncertainty from the victory in the referendum on the exit from the EU will have an impact on the demand for both households and firms. While the exchange rate will help to neutralize part by weakening exports, this gain will be limited. Inflation will rise to above 3% y / y by…

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