Equities give back some of the early gains as investors digest US data, tariffsGold Technical Analysis – The focus switches to jobless claims and CPISouth Korea says in talks with US financial authorities on foreign exchangeEurozone June retail sales +0.3% vs +0.4% m/m expectedGermany June industrial orders -1.0% vs +1.0% m/m expectedGermany July construction PMI 46.3 vs 44.8 priorUK July construction PMI 44.3 vs 48.8 expectedUS MBA mortgage applications w.e. 1 August +3.1% vs -3.8% priorUS data worries starting to rear its ugly head again
Markets:
AUD and NZD lead, USD lags on the dayEuropean equities slightly higher; S&P 500 futures up 0.2%US 10-year yields up 3.2 bps to 4.227%Gold down 0.5% to $3,365.13WTI crude up 1.5% to $66.13Bitcoin up 0.5% to $114,215We saw the US close out trade deals or should I say framework arrangements to start the month alongside a dismal US labour market report after. All that before some potential for a rebound on Monday that got dashed by the more disappointing US ISM services PMI on Tuesday. And so, that's leaving market sentiment in a bit of a limbo again now.
The dollar is a little lower on the day, with EUR/USD testing a push of 1.1600 on the session. Meanwhile, USD/JPY is little changed at 147.52 with GBP/USD also just marginally higher by 0.1% to 1.3313 currently.
The overall risk mood was a bit better after the setback in Wall Street yesterday. However, the early optimism has been tempered with a fair bit as we look towards the US open later.
In the bond market, 10-year Treasury yields are also holding higher near 4.23% as the July low near 4.20% is still holding for now.
There won't be anything notable on the data docket in US trading later as well, so markets will be left to fend for themselves as the focus slowly but surely turns towards the US CPI report next week. It will be a bit of a wait until we get there.
This article was written by Justin Low at investinglive.com.Hence then, the article about investinglive european markets wrap a mixed mood in quiet trading was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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