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Aug 3 2022, 08:20 IST/BST
Equity indices closed down on Tuesday (August 2nd) as China/US tensions following Nancy Pelosi’s visit to Taiwan hurt risk appetite but also as US Treasury yields rose following hawkish comments from several Fed policymakers. On that point, US Job Openings and Labor Turnover Survey (JOLTS) data reinforced the view that the labour market is very tight, feeding inflation. The focus today will be on revised Services PMI surveys, with the flash readings pointing to an abrupt slowdown in the euro area.
Aug 3 2022, 08:20 IST/BST