Actualización del mercado

July 27, 2021

United States (US): USD Retreats Amid Weak Durable Goods Orders Data

USD weakened against its major counterparts on Tuesday, after data showed that the nation's durable goods orders rose less than expected in June. Investors look ahead to the Fed meeting beginning today for more clues regarding the timing of tapering the stimulus program. Data from the Commerce Department showed that durable goods orders climbed by 0.8% in June after spiking by an upwardly revised 3.2% in May. Excluding orders for transportation equipment, durable goods orders rose by 0.3% in June following a 0.5% increase in May. Ex-transportation orders were expected to climb by 0.8%. US treasury yields dropped for a second consecutive day. The yield on the benchmark 10-year treasury note fell 1 basis point to 1.264%. The FRS is not expected to change the benchmark lending rate and the asset purchase program when it concludes its two-day meeting on Wednesday. Fed officials had begun discussion on tapering in the June meeting, but Powell clarified that a decision regarding this matter would be made upon seeing a substantial improvement in the labor market. 07/27/2021 - 07:13AM (RTTNews)

European Union (EU): Eurozone M3 Growth Slows In June

Euro traded at 1.1833 against USD at 9:00 am PST. 

The euro area money supply grew at a slower pace in June and the credit to the private sector logged a steady expansion, data from the ECB revealed on Tuesday. The M3 money supply rose 8.3% on a yearly basis in June, which was slower than the revised 8.5% growth posted in May. Economists had forecast M3 to grow at a slower pace of 8.2%. At the same time, annual growth in the narrow measure M1 increased marginally to 11.7% from 11.6% in the previous month. Data showed that the credit to the private sector registered an annual increase of 3.5%, the same rate as seen in May. 07/27/2021 - 03:40AM (RTTNews)

United Kingdom (UK): GBP Dips Against USD As Stocks Slide

British Pound traded at 1.3877 against USD at 9:00 am PST. 

GBP dipped against USD on Tuesday as global stock markets sank led by a heavy sell-off in Chinese shares, which sapped risk sentiment and drove a bid for USD ahead of FRS policy meeting. GBP has been particularly sensitive to risk sentiment in recent weeks and has correlated well with the performance of global stock markets. Receding COVID-19 cases in UK have also helped the pound steady above $1.37 against the USD. Data on Monday showed new COVID-19 cases in UK had fallen for five consecutive days. On Tuesday, GBP was 0.3% lower on the day at $1.3778. GBP’s move lower this morning looks to have been driven by the generally rather nervous and risk-averse tone that is dominating the markets this morning, stemming again from the ongoing carnage in Chinese tech stocks. BoE interest-rate setter Gertjan Vlieghe said BoE should not scale back stimulus possibly until well into 2022, because a recent uptick in inflation is likely to be temporary and COVID-19 remains a threat to the economy. 07/27/2021 - 02:12AM (RTTNews)

Japan: Services PPI Growth Slows In June

Japanese Yen traded at 109.65 per USD at 9:00 am PST. 

Japan's services PPI grew at a slower pace in June, BoJ reported on Tuesday. The services producer price index rose 1.4% YoY in June, slightly slower than the 1.5% increase seen in May. On a monthly basis, the services PPI edged up 0.1%, offsetting a 0.1% drop in the previous month. Excluding international transportations, PPI eased to 1.1% year-on-year from 1.4% in May. On month, the services PPI gained 0.1%. 07/27/2021 - 01:25AM (RTTNews)