Juliana Calil
08/03/2021
HIGHLIGHTS
USA The Fed will hold its annual conference in Jackson Hole, Wyoming, an occasion used to signalpolicy changes between August 26-28, 2021. Economists hope that theFed assembles the strategy to reduce its asset purchases at this conference. Last week, theFed President Jerome Powell said that in view of the current context, rate hikes are”far” pointing out that the central bank is in no hurry to withdraw the stimulus.The core inflation of the PCE, released last week, below expectations, showed that thetransitory price pressures may already be gradually easing.The July 2021 ISM Manufacturing PMI was the weakest in 6 months. this was the second monthconsecutive slowdown in the country’s manufacturing activities, with a drop in order entry, butwith an increase in the level of employment and pressure on prices. Labor challenges and inefficienciestransport services are identified as the main obstacles to increased growth.This weekend, the US senators presented an investment projectinfrastructure that includes $550 billion in new spending over five years
EuropeGerman retail sales exceeded expectations, while production growthin Europe has remained close to a recent peak, reinforcing a positive narrative of strength.economic.The IHS Markit Eurozone Manufacturing PMI for July 2021 showed that the sector has been recordingsuccessive months of expansion since July 2020, with the last reading slightly below thesurvey record, reached in June 2021. Manufacturers continued to face challengeson the supply side. Input costs and production charges increased at ratesrecords. As for the future, business confidence dropped, but remained strong
PayrollThe US Labor Market Report for July 2021, which will be published next year.Friday, will provide an update on the country’s economic recovery and may providemore clues about when and to what extent the Fed will lower its monetary stimulus
PandemicConcerns about the spread of the Delta variant remained among investors
ACTIVE
EURUSDThe EUR has been strong, pulling thevalue of the pair upwards, with the economy ofEurozone growing more than theestimated in 2Q21, and projections of ainterest rate increase only afterof 2023
DXYThe index was trading below92 this Monday, getting close toits lowest level in a month and a half
ActionsThe Dow Jones Industrial Average and the S&P 500closed today in fall, of 0.28%, 0.19%,respectively. Nasdaq closedpractically stable, with a high of only0.06%. The main European exchangesclosed the session this Monday inhigh, based on the quarterly results of thecheering companies and economic dataoptimistic.
BondsUS Treasury Bond Yieldmaturing in ten years, which monitors thecapital flow to the dollar, should close todaywith another strong drop of 4.85%,at 1.179.
Source:https://wintrademarkets.com/
