UK monthly GDP data on the agenda for today
The market is keeping quieter to start the day after a bit of a two-pronged reaction to the US CPI data yesterday. The dollar and yields nudged higher on the release before all of that was quickly faded as yields sank to its lowest level since early March.
Things are keeping steadier today but with the break lower in yields, it is likely to keep equities (tech in particular) buoyed amid positive data while dollar sentiment may be up for question in the short-term if the bid in bonds continue in the weeks ahead.
0600 GMT – Germany May wholesale price index
0600 GMT – UK April monthly GDP data
That’s all for the session ahead. I wish you all the best of days to come and good luck with your trading! Stay safe out there.