Global markets are entering the session in an environment of strong risk appetite, driven by record highs in the S&P 500 and MSCI ACWI, as well as a rally in semiconductor stocks. At the same time, sentiment remains fragile due to tensions in the Middle East, which continue to support oil prices and increase volatility in commodity markets. In Asia, attention was drawn to weaker Australian GDP data, a strong increase in China’s Caixin Services PMI, and the stabilization of Japan’s Services PMI around the 50-point threshold.
Today’s macroeconomic calendar is primarily focused on services-sector data from Europe and the United States, as well as developments in the US labor market. Key releases for the dollar, bond markets, and equity indices include the ADP employment report, the ISM Services PMI, factory orders data, and the Fed’s Beige Book.
Key events of the day:
- 09:55 — Germany: Services PMI, consensus 47.8
- 10:00 — Eurozone: Services PMI, consensus 46.4
- 11:00 — Eurozone: PPI inflation y/y, consensus 4.8%
- 14:15 — United States: ADP Employment Report, consensus 116K
- 15:45 — United States: S&P Global Services PMI, consensus 50.9
- 16:00 — United States: ISM Services PMI, consensus 53.7, and Factory Orders, consensus 4.6% m/m
- 16:30 — United States: Weekly EIA Crude Oil Inventories
- 20:00 — United States: Fed Beige Book
Chart of the Day: USDNOK (09.06.2026)
Economic Calendar: Awaiting US Inflation (09.06.2026)
Morning Briefing: Return to Gains (09.06.2026)
Currency Review: Will the ECBโs rate hike halt the dollarโs gains?
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
