Market Waiting For The Tariff Boom
Tomorrow is a pretty big day, as promised tariffs on 34 billion dollars of Chinese goods are coming from the US. The big question is whether China will immediately respond with retaliation. Likely yes.
Meanwhile, the single currency was boosted by the speculation that some ECB members would prefer a rate hike at the September or October meetings.
Today, Mark Carney (BOE Governor) is going to deliver a speech on the monetary policy. Additionally, Germany will release factory orders for May and the US will feature ISM non-manufacturing, ADP employment, unemployment claims and the protocol of Fed’s June meeting.