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Market Review 03 July 2020

Jul 3, 2020 (07:02)

by Constantinos Loizou

In the Economic calendar of today we can expect some volatility in EUR and GBP.
At 08:00 (GMT) the Markit PMI Composite for European Union will be released by Markit Economics
The PMI monthly Composite Reports on Manufacturing and Services are based on a large number of business executives in private sector manufacturing and services companies.
A level of 50.0 signals no change since the previous month, above 50.0 signals an increase (or improvement), below 50.0 a decrease (or contraction). The result is forecasted at 47.5.
At 08:30 (GMT) UK’s Markit Services PMI will be released by both the Chartered Institute of Purchasing & Supply and the Markit Economics.
Any reading above 50 signals expansion, while a reading under 50 shows contraction. The result is forecasted at 47.
The European Central Bank's President Christine Lagarde will give a speech tomorrow morning at 10:40 (GMT). Her comments may positively or negatively the euro's trend in the short-term.

US Indices yesterday

SP: +0.45%
NASDAQ: +0.61%
DOW: +0.36%

European indices yesterday

DAX: +2.84%
EURO: +2.84%
MIB: +2.88%
CAC: +2.49%

The original content of this Market Update is done in the English language. Any other language translation is provided for the sake of convenience. In case of any inconsistencies between the original English version and any other language, the original English version shall prevail.

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