The Attention Is Focused on the Meeting of the Central Banks

Today, the meetings of the National Bank of Switzerland and the Bank of England will take place, at which decisions on the further monetary policy will be made. At the moment, most experts believe that regulators will leave interest rates unchanged at -0.75% and 0.25% respectively. At the same time, it is necessary to pay attention to the comments and rhetoric of the Central Banks representatives.

Yesterday mixed data were published on the producer price index in the USA. In August, the indicator increased by 0.2%. At the same time, market expectations were at the level of 0.3%. The administration of the US president plans to carry out a tax reform before the end of this year. These events caused a significant demand for the American currency. The dollar index (#DX) closed the trading session in the positive zone (+0.58%).

The oil quotes continue to show positive dynamics. Yesterday, futures for the WTI crude oil rose by more than 2%. At the moment, the “black gold” prices exceeded $49 per barrel.

Market Indicators

Major US stock indices showed slight growth: #SPY (+0.05%), #DIA (+0.15%), #QQQ (+0.14%).

Since the beginning of this week, the 10-year US government bonds yield has grown significantly. At the moment the indicator is at the level of 2.19-2.20%.