Nasdaq leads the way The US major indices are ending the session higher ahead of Apple earnings after the close: Apple will release earnings shortly ). Expectations are for $2.18 per share on $53.34B of revenues. Apple shares closed at $190.24 up $0.38 or 0.2% on the day.
Hump day! Good morning/afternoon/evening ForexLive! Let’s get this hump day, European session started, shall we? The market narrative is going to drive us toward today’s FOMC meeting during the US session, as well as more lead up to the Bank of England tomorrow.
Forex news for NY trading on July 31, 2018 In other markets, the snapshot shows: – Spot gold is up $2.40 or 0.2% – WTI crude oil is down -$1.40 or -2.0% In the US stock market today:
Forex and Bitcoin news for Asia trading Wednesday 1 August 2018 The news of the day centred on US proposals to jack up the tariffs on Chinese imports from 10% to 25%. Please note, these are only proposals at this stage. But, having said that a constant mantra of mine has been not to underestimate…
The ‘flash’ (i.e. preliminary) Manufacturing PMI for July was 51.6 – Well down on June’s final reading of 53 It was the lowest for 18 months, but on the plus side was in expansion still
The private survey PMI from China after yesterday’s official survey results Comes in a touch off estimates at 50.8 – expected 50.9, prior 51.0 From the report (bolding mine) ….
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Some more details (not a lot) coming in – The US administration is planning on proposing the 25% tariff as Unnamed sources cited. This the background ICYMI:
Nikkei / Markit Japan Manufacturing PMI Here are two competing headlines, take your pick! – Final Japan Manufacturing PMI shows jump from flash reading – Japan Manufacturing PMI drops on the month Yep, something for everyone!
CoreLogic data on Aussie house prices They’ve been on a wee slide. Sydney and Melbourne are the big volume markets (relative to other capitals) and prices lower in these two have weighed on the national index (eg. CL reporting July prices higher in Brisbane, Canberra and Darwin, flat in Hobart)