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Welcome and good morning thank you for joining us for our Mondays financial daily report.
Labor department’s June report showed the non-farm payrolls rose by 287,000 in june but the greenback was under pressure as investors remain cautious of rate hikes. U.S. crude oil imports averaged about 8.4 million barrels per day last week which showed an increase by eight hundred and eight thousand barrels per day from the previous week.
According to several analysts the Chinese Yen needs to decrease in value so far the people’s bank of china has allowed a 1.6% decrease of the currency against the dollar. Thanks to Brexit, Japanese yen is expected to have limited volatility during the release of m2 money stock which is projected to remain the same 3.4%.
Change in the number of new loans to homeowners is projected to decrease sharply by 3.6% today but the drop is expected to have limited impact on the Ozzie. Euro group’s president and the EU finance ministers are expected to gather in Brussels to discuss the financial state of the block.
The number of residential buildings that have begun construction during the previous month in Canada is expected to increase by 3,000 today.
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