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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
It’s a bearish day for the biggest Europeans on Tuesday. The CAC40 and EuroStoxx600 fell by 0.68% and 0.56% respectively, while the DAX30 fell by 0.30%.
The market’s anxiety about tensions between the United States and China snouted the sense of threat during the session.
News that the U.S. administration tightened Huawei’s screw hit the wires after industry negotiations postpone.
A steady increase in the number of new COVID-19 instances has also left the big Europeans on the defensive.
It is another particularly quiet day in the economic calendar of the euro area. There were no curtain statistics to consult the elders.
The figures of allowed construction and housing started in July had a moderate effect on the major European leagues later in the day.
For the DAX: it’s another combined day for the automotive industry on Tuesday. Continental rose 0.22% to oppose the trend of the day. BMW and Daimler fell 0.22% and 0.28% respectively, and Volkswagen ended the day with a 0.10% drop.
It’s also a bearish day for banks. Deutsche Bank fell 1.40%, Commerzbank fell 0.64%.
On the CAC side, it’s a bearish day for banks. Crédit Agricole and Soc Gen fell 1.43% and 1.83%, respectively. BNP Paribas recorded a more modest loss of 1.12% on the day.
He is also another bass day for the French automotive sector. Peugeot and Renault fell 0.13% and 1.09% respectively.
Air France-KLM even redder, down 0.76, with Airbus SE falling 3.09%.
A four-day race in red ended Tuesday for the VIX, marking only the second accumulated in 12 days. By reversing a 3.17% loss per Monday, the VIX rose 0.75% to end the day at 21.51.
The S-P500 and NASDAQ rose 0.23% and 0.73% respectively, while the Dow Jones fell 0.24%.
That day, U.S. stock markets They were discovered despite tensions between the U.S. And China and the failure of U.S. lawmakers. To provide a COVID-19 stimulus package.
The S-P500 and NASDAQ reached new records, defying gravity after the merger of COVID-19.
It’s a quiet day ahead of the eurozone’s economic calendar. The main statistics come with the final euro-leading inflation figures in July.
However, the numbers are unlikely to have a moderate effect on the major European leagues.
We may be waiting for geopolitics, COVID-19 news and any progress towards COVID-19’s recovery plan to be the main drivers.
Since the minutes of the FOMC assembly will be published after the European close, there may be some apprehension at the end of the European session.
In futures markets, at the time of writing, the DAX rose 26 points, the Dow rose 23 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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