US, US GDP report for Q2.
- GDP growth (annualized). Actual: 2.1%. Expected: 2,4%. Previous: 2.0%
- PCE core. Actual: 3.7% QoQ. Expected: 3.8% QoQ. Previous: 4.9% QoQ
Final US GDP for Q2 came lower than expected at 2.1% y/y versus 2.4% expected. EURUSD ticks higher after the publication. US economy may not be as strong as previously expected and thus it lowers chances for the next hikes. The really important macro data will be released tommorow regarding US labor market.
Daily summary 📈 Precious metals and stock indices rebound as Treasury yields fall
Hot inflation data from the US🔥📈 PPI and retail sales are rising!
Economic Calendar: European stocks open lower⬇️; will the PPI confirm the CPI’s inflationary trend❓
🚨Morning Wrap: A weaker dollar, strong gold, and a tech sector in free fall—what’s driving the market❓