News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Real Time News
  • Poll from @Reuters - major FX pairs outlook for the next 12-months. https://t.co/VOQAfhMgfR
  • 🇦🇺 Balance of Trade (JUN) Actual: A$10.496B Expected: A$10.45B Previous: A$9.269B https://www.dailyfx.com/economic-calendar#2021-08-05
  • 🇦🇺 Balance of Trade (JUN) Actual: A$10.496B Expected: A$10.45B Previous: A$9.681B https://www.dailyfx.com/economic-calendar#2021-08-05
  • The Nasdaq 100 may continue outperforming Dow Jones futures ahead as fears about global growth continue weighing on the 10-year Treasury yield ahead of NFPs. What are the risks? Find out from @ddubrovskyFX here:https://t.co/kADmxIfyHt https://t.co/xZl7hTPoSI
  • Heads Up:🇦🇺 Balance of Trade (JUN) due at 01:30 GMT (15min) Expected: A$10.45B Previous: A$9.681B https://www.dailyfx.com/economic-calendar#2021-08-05
  • S&P 500 Falls on Weaker ADP Jobs Report, Hang Seng to Open Flat https://www.dailyfx.com/forex/market_alert/2021/08/05/SP-500-Falls-on-Weaker-ADP-Jobs-Report-Hang-Seng-to-Open-Flat-.html https://t.co/Pql6w44nPl
  • 🇵🇭 Inflation Rate YoY (JUL) Actual: 4% Expected: 3.9% Previous: 4.1% https://www.dailyfx.com/economic-calendar#2021-08-05
  • Heads Up:🇵🇭 Inflation Rate YoY (JUL) due at 01:00 GMT (15min) Expected: 3.9% Previous: 4.1% https://www.dailyfx.com/economic-calendar#2021-08-05
  • The Australian Dollar may face swelling selling pressure from souring risk appetite over the COVID-19 delta variant and escalating tension with China. Get your $AUD markt update from @ZabelinDimitri here:https://t.co/Vy81GwhvzP https://t.co/U5PgkYUot6
  • (ASEAN Tech) US Dollar Outlook Bearish: Thai Baht Still at Risk as SGD, PHP, IDR Outperform #USD $USDSGD $USDIDR $USDTHB $USDPHP https://www.dailyfx.com/forex/technical/article/special_report/2021/08/05/US-Dollar-Outlook-Bearish-Thai-Baht-Still-at-Risk-as-SGD-PHP-IDR-Outperform.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/hvFwh6eTTg
DailyFX European Market Wrap: European Equities Struggle Before FOMC

DailyFX European Market Wrap: European Equities Struggle Before FOMC

Katie Pilbeam,

European markets are struggling this Wednesday ahead of the FOMC meeting with some disappointing earnings from the likes of Sainsbury and the news that ITV’s boss is stepping down.

Sainsbury's reported lower annual profits amid a "challenging" grocery market. Britain’s second largest supermarket also warned that it could be five years before it sees steady growth in earnings.

The boss of ITV is stepping down after seven years. ITV chief executive Adam Crozier is credited with turning around the fortunes of the broadcaster with shows such as Britain's Got Talent.

There have been some positive data reports with the Eurozone’s GDP rising 0.5%, that’s stronger than the UK, which only grew by 0.3%. And its growth rate for the last three months of 2016 has also been revised up to 0.5%, from 0.4%.

Britain’s construction growth has hit a four-month high. Markit’s construction UK PMI, which measures activity across the sector, jumped to 53.1 from 52.2 in March. Driven by faster rises in civil engineering and residential building activity.

Brexit uncertainty continues with the UK’s Brexit Secretary David Davis saying he will not pay a 100bn-euro "divorce bill" to leave the EU, telling Britain’s breakfast show Good Morning Britain that the UK would pay what was legally due, in line with its rights and obligations, but "not just what the EU wants". This follows a report in the financial times that the settlement sought by the EU had risen sharply from 60bn euros to up to 100 billion euros.

--- Written by Katie Pilbeam, DailyFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES