Yesterday was a bit of a mixed day on the markets as European Indices edged higher to close the day positive. US indices were a bit mixed as the statements from the Fed regarding inflation halted what shaped up as a bull rally.
Gold recovered from the continued selloff yesterday as it closed out the day at 1738, Brent closed the day at $62.38 as fears of OPEC easing supply as economies start to open. It is the OPEC meeting tomorrow where we will see some more clarity.
Bond Yields were on a decline for the third straight day as we saw a dollar weaken against the major currencies. GDP figures came out of Australia this morning beating its forecast as GDP growth came in at 3.1%.
2:30am - GDP q/q (AUD)
Tentative - Annual Budget Release (GBP)
3:15pm - ADP Non-Farm Employment Change (USD)
5:00pm - ISM Services PMI (USD)
5:30pm - Crude Oil Inventories (USD)
6:00pm - MPC Member Tenreyro Speaks (GBP)
10:15pm - RBNZ Gov Orr Speaks (NZD