According RMB Company, quotes majors over the past day has not changed much - obviously the markets continue to digest the results of the EU summit held on 28-29 June, and the explosive growth of risky assets on Friday.At the same time, of course, many chose to take the resulting profit growth by Friday.Quotation EUR / USD was down 0.2% to the level of 1.2600, the pound sterling, on the contrary, "weight by" 0.3% on positive data on manufacturing index PMI, the value of which in June amounted to 48.6 against expectations of 46,5 and the previous value of 45.9.
European stocks ADX30, CAC40 and FTSE100 rose by 1.24%, 1.36% and 1.25%, while their American "colleagues" showed a much worse result - the index S & amp; P500 rose by 0,25%, while the Dow Jones fell by 0.07%.According RMB Company, the reason for such strong performance is that investors are more willing to buy European assets on expectations that the European Central Bank on Thursday lowered the refinancing rate to 0.75%.At the same time, published yesterday, the index of business activity in the ISM US manufacturing in June amounted to only 49.7 against the expected 52.0 (previous value - 53.5), that limit the growth of risky assets -OUT, and, above all,US stock market.
Today's data on building permits in Australia in May multiply exceeded analysts' forecasts - an increase of 27.3% m / m against expectations of 5.0% m / m (in April, recorded a decline of 7.6% m /m according to updated figures).3 hours after the publication of "Aussie," he added about 25 points, but after the publication of decision on the rate of the Reserve Bank of Australia (RBA) has moved to decrease.RBA left its key interest rate unchanged at 3.50%, as expected all 28 surveyed by Bloomberg analysts.In comments to the Bank its decision noted that "data indicate the deterioration of the situation in Europe and China", "decline in commodity prices helps to reduce inflation," and "the global economic outlook is worse than a few months ago."Such comments support the idea that the RBA may lower rates at its meeting in August, waiting for the adoption of additional stimulus measures of the ECB and the PBOC (t. E. The RBA does not want to "run ahead of the engine").
Subject to further policies of major central banks at the moment is decisive for the market participants.The focus is Thursday, July 5, when the interest rate decision will be taken by the ECB.Throughout the European crisis the ECB is taking steps to further stimulate (whether or reduction in the rate of long-term refinancing operation (LTRO)) followed by concrete measures of European politicians for relief of crisis processes (creation of aid funds, and so on. D.).Experts do not expect an exception this time, predicting the decline in the basic interest rate on 5 July.The report on unemployment in the US on Friday in case of bad numbers are likely to intensify as speculation about further help from the Fed.
today of important macroeconomic data it is worth noting PMI index for the UK construction sector, which can once again support the British currency quotes.
