FXEMPIRE
All
Ad
Corona Virus
Stay Safe, FollowGuidance
World
99,732,581Confirmed
2,137,893Deaths
71,716,058Recovered
Fetching Location Data…
Advertisement
Advertisement
Bob Mason
Depositphotos_213648764_s-2019

Economic Calendar:

Thursday, 30th July

German GDP (QoQ) (Q2)

German GDP (YoY) (Q2)

Advertisement
Know where the Market is headed? Take advantage now with 

75% of retail CFD investors lose money

German Unemployment Change (Jul)

German Unemployment Rate (Jul)

Eurozone Unemployment Rate (Jun)

German CPI (MoM) (Jul) Prelim

Friday, 31st July

French GDP (QoQ) (Q2)

German Retail Sales (MoM) (Jun)

French Consumer Spending (MoM) (Jun)

French CPI m/m (Jul) Prelim

French HICP m/m (Jul) Prelim

Spanish GDP (QoQ) (Q2)

Italian CPI (MoM) (Jul) Prelim

Eurozone CPI (YoY) (Jul) Prelim

Eurozone Core CPI y/y (Jul) Prelim

Eurozone GDP q/q (Q2) 1st Estimate

Eurozone GDP y/y (Q2) 1st Estimate

Advertisement

The Majors

It was another mixed day for the European majors on Tuesday. The EuroStoxx600 ended the day up by 0.42%, while the CAC40 and DAX30 fell by 0.22% and by 0.03% respectively.

As the markets continued to grapple with COVID-19 and geopolitics, the progress of the COVID-19 stimulus package also tested support.

Earnings delivered mixed results. While Peugeot reported profit, LVMH slumped in response to some quite dire results.

The Stats

It was a particularly quiet day on the Eurozone economic calendar. There were no material stats to provide the European majors with direction.

From the U.S

Late in the European session, July’s CB Consumer Confidence figures were in focus.

The CB Consumer Confidence Index fell from 98.3 to 92.6. Economists had forecast a decline to 94.5.

May house price figures had a muted impact on the majors later in the day.

The Market Movers

For the DAX: It was a bearish day for the auto sector on Tuesday. BMW, Continental, and Volkswagen saw losses of 0.60%, 0.22%, and 0.24% respectively. Daimler slid by 1.38%, however, reversing a trend-bucking 0.62% gain from Monday.

It was a mixed day for the banks. While Deutsche Bank fell by 0.44%, Commerzbank ended the day with a 0.51% gain.

From the CAC, it was a mixed day for the banks. Soc Gen and Credit Agricole rose by 0.25% and by 0.86% respectively. BNP Paribas bucked the trend with a 0.40% loss.

It was another mixed day for the French auto sector. Peugeot rose by 2.42% following better than expected earnings, while Renault fell by 1.55%.

Air France-KLM continued to struggle, falling by 0.77% following a 4.97% slide on Monday. Airbus SE found support, however, rallying by 3.12%.

LVMH was amongst the worst performers, falling by 4.07% in response to dire earnings results and a negative near-term outlook.

On the VIX Index

It was back into the green for the VIX on Tuesday, following 2 consecutive days in the red. Partially reversing 4.26% decline from Monday, the VIX rose by 2.83% to end the day at 25.44.

Market apprehension hit the U.S equity markets on Tuesday as the markets monitored the progress of the COVID-19 stimulus package.

A proposed cut to unemployment benefits amidst unprecedented unemployment levels soured the mood.

The S&P500 and Dow fell by 0.65% and by 0.77% respectively, with the NASDAQ sliding by 1.27%.

The Day Ahead

It’s another quiet day ahead on the Eurozone economic calendar. There are no material stats due out of the Eurozone to provide direction on the day.

A lack of stats will leave the majors in the hands of corporate earnings, geopolitics, and sentiment towards U.S monetary and fiscal policy.

On the corporate earnings front, Deutsche Bank is scheduled to release its earnings.

From the U.S

June’s goods trade data and pending home sales figures are due out. We would expect the numbers to have a muted impact on the European majors, however.

The FED is in action after the European close and will need to assure the markets that there is more left in the war chest. Some apprehension is to be expected.

Any chatter from the U.S and China, the U.S COVID-19 stimulus package, and the latest COVID-19 figures will influence.

The Latest Coronavirus Figures

According to figures at the time of writing, the number of new coronavirus cases rose by 241,391 to 16,883,654 on Tuesday. On Monday, the number of new cases had risen by 229,469. The daily increase was higher than Monday’s rise and up from 240,565 new cases from the previous Tuesday.

Germany, Italy, and Spain reported 2,602 new cases on Tuesday, which was down from 7,167 new cases on Monday. On the previous Tuesday, 1,889 new cases had been reported.

From the U.S, the total number of cases rose by 64,799 to 4,498,209 on Tuesday. On Monday, the total number of cases had increased by 61,571. On Monday, 21st July, a total of 67,140 new cases had been reported.

The Futures

In the futures markets, at the time of writing, the DAX was down by 45.5 points, while the Dow was up by 20 points.

For a look at all of today’s economic events, check out our economic calendar.

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker

  • Your capital is at risk
IMPORTANT DISCLAIMERS
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
RISK DISCLAIMER
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.
FOLLOW US