2 June 2017: Today’s Market Highlights

dailyheadlines
Good Morning;
Given yesterday’s strong ADP release, expectations will be high for today’s NonFarm Payrolls figure (13:30 BST). Also of interest this month will be the Average Earnings figures as the Fed considers the strength of inflation heading into its mid-June meeting.

Positive data could support rate hike expectations and strengthen the dollar, while if market expectations are disappointed, the dollar could instead weaken. According to the CME FedWatch Tool, investors see around a 96% chance that the Fed will hike rates.

This morning, the UK releases Construction PMI (09:30 BST), which typically has the most limited market impact of the three PMI figures. The Services index will come out on Monday.

Other releases to keep an eye on include the Eurozone’s Producer Price Index (10:00 BST) and Canadian trade data (13:30 BST).

 

desd

 

Regards All.
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