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Tuesday, August 6, 2024

European Markets Wrap-Up: Switzerland July seasonally adjusted unemployment rate 2.5% vs 2.5% expected

Germany June industrial orders +3.9% vs +0.5% m/m expected

Prior -1.6%... 

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Switzerland July seasonally adjusted unemployment rate 2.5% vs 2.5% expected

Prior 2.4% The unadjusted figure remains steady at 2.3% last month, with the number of registered unemployed persons seen increasing to 107,716 people. That is up from the 104,518 persons in June.... 

RBA governor Bullock: A rate cut is not on the agenda in the near-term

We did consider a rate hike, ready to raise rates if needed We are vigilant to upside risks to inflation If inflation does not track the way we are forecasting, we will raise interest rates Hard to dr... 

RBA governor Bullock: Inflation progress has been slow for a year now

Need to stay on course with inflation There is still a risk that inflation takes too long to return to target Recent volatility is mostly markets adjusting to financial news/developments Interest rate... 

FX option expiries for 6 August 10am New York cut

There aren't any major expiries to take note of on the day. For now, trading sentiment will continue to ride on the emotions and so far today it is one mostly of relief. The global market selloff has... 

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FX option expiries for 6 August 10am New York cut

There aren't any major expiries to take note of on the day. For now, trading sentiment will continue to ride on the emotions and so far today it is one mostly of relief. The global market selloff has... 

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