Today is expected to be a day with a medium volatility. The market activity began a little later than usual with the publication of the volume of loans issued in China. For the second day in a row the market receives a large array of reports on the economy of Britain. In the first half of the day, the unemployment report was published, which was negative and showed an increase in the number of applications for unemployment benefits.
The publication of the producer price index in the US will be the main macroeconomic report that is expected today on the market because it will show the inflationary processes in the US economy in May.
Among common trends on the market today, it should be noted the growth of demand for risky assets in connection with the decision of Donald Trump to abandon plans for the introduction of duties on goods from Mexico, after reaching an agreement with the authorities of Mexico on the migration issue. This news is key since the beginning of the week and unexpected for investors, considering how long the other trade conflict has lasted. Safe assets were under pressure, while oil and commodity currencies received support. At the same time, the key day for the oil market will be traditionally Wednesday, when data on oil reserves in the United States is published. Previously, this data had a very negative impact on the cost of oil.
