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Euro underlying CPI (year-on-year) (July) Final
Euro ICC (MoM) (July)
Euro CPI (year-on-year) (July) Final
German IPP (Monthly) (July)
French production PMI (August) Prelim
PMI French Services (August) Prelim
German manufacturing PMI (August) Prelim
German Services PMI (August) Prelim
Euro production PMI (August) Prelim
Markit composite PMI for the euro (August) Prelim
PMI Eurozone Services (August) Prelim
Monday was a bullish day for the biggest Europeans, with the EuroStoxx600 rising by 0.32% to lead the way. The CAC40 and DAX30 recorded more modest gains of 0.18% and 0.15% respectively.
The lack of eurozone statistics left the leadership of the elders that day. Travel actions continued to suffer to the fullest the market anger over the UK’s resolve to get France on its quarantine list.
By the weekend, the resolution to postpone the U.S.-China industry negotiations had no effect on the big ones. Deferral would give China time to further increase its imports of products, as defined in the Phase 1 industry agreement.
However, the most recent peak in new COVID-19 cases raised concerns, which may derail economic recovery.
It is a particularly quiet day in the economic calendar of the euro area. There were no curtain statistics to consult the elders.
Economic knowledge included the August New York State Manufacturing Index, which increased from 17.2 to 3.7. Economists had forecast a decline to 15.0.
According to the August survey,
New orders changed little, while shipments increased slightly.
Book orders declined and inventories declined.
Employment rose slightly, however, the average week of paintings declined.
Businesses remained positive about moving forward over the next six months. Despite this, optimism declined for the time in a row.
For the DAX: it’s a combined day for the automotive industry on Monday. Daimler and Volkswagen rose 0.68% and 0.35% respectively, while Continental and. BMW fell 1.60% and 0.21%, respectively.
It’s also a bearish day for banks. Deutsche Bank fell 0.49 consistent with penny, Commerzbank 1.32 consistent with penny.
On the CAC side, it’s a bearish day for banks. Crédit Agricole fell 1.09% to lead the way, with BNP Paribas and Soc Gen recording losses of 1.00% and 0.50% on the day.
It is also a bearish day for the French automotive sector. Peugeot and Renault fell 0.50% and 0.63% respectively.
Air France-KLM fell 3.56% after Friday’s 5.78% drop. Airbus SE fell 0.93% more modestly on the day.
It’s a fourth day in a row in red numbers for the VIX on Monday. A drop of 3.17% marked an eleventh day in red numbers of 12. After a 0.36% drop on Friday, the VIX ended the day at 21.35.
The S-P500 and NASDAQ recorded profits of 0.27% and 1.00% respectively, while the Dow Jones fell 0.31%.
That day, the lack of progress on an agreement on coVID-19’s recovery plan imprisoned the majors.
There were also tensions between the United States and China that must be taken into account after Trump issued an executive order ordering ByteDance to sell TikTok within 90 days.
It’s a quiet day in the euro area economic calendar. There are no curtain statistics to consult the big European companies.
The lack of statistics will leave the big Europeans in the hands of COVID-19, geopolitics and the US COVID-19 plan.
In the United States, July housing figures are likely to have a moderate effect on large businesses later in the day.
In futures markets, at the time of writing, the DAX dropped 11 points, while the Dow went up 42 points.
For a review of all of today’s economic events, check out our economic calendar.
This article was originally published on FX Empire
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