Latest data released by Destatis – 30 July 2021
– -0.3%
– GDP +13.7% y/y
– Prior -1.3%
A solid beat sees the euro area economy bounce back after a more subdued Q1, helped by looser virus restrictions in general. Demand conditions returned strongly and was a key contributor to the rebound in economic activity.

Latest data released by Destatis – 29 July 2021
here
On the month itself, inflation jumped up by another 0.9% with HICP inflation increasing by 0.5% on the month as well. That reaffirms stronger price pressures in general, adding to base effects, and will certainly pose a bit of a headache to the ECB – not only

Forex news from the European trading session – 29 July 2021
Headlines:
Markets:
– NZD leads, USD lags on the day
– European equities higher; S&P 500 futures up 0.1%

ECB releases the account of its strategy review meeting in July

Equities keep the faith post-FOMC, at least for now
European indices are trading up on the day, holding gains around 0.5% to 1.0%, with the Stoxx 600 index holding at record highs in European morning trade.

NHK reports on the matter
Also, to declare state of emergency in four other prefectures – that likely being the three neighbouring Tokyo and Osaka. This rebuffs the reports from throughout the week, with the formal announcement set to be for tomorrow.

What to expect from the FOMC meeting decision later today?
No changes in terms of policy is expected, so without the accompaniment of updated projections i.e. the infamous „dot plots“ among them, today’s meeting decision will be all about scrutinising the language and the words offered up by Powell.

Nippon TV reports on the matter
This comes with a record amount of daily cases seen in other prefectures across the country, with Kyoto reporting 175 new cases and Saitama reporting 870 new cases today.

Bitcoin knocking on the door of $40,000 again today
The high today hit $40,352 but price is trading back just under the key figure level for now, as buyers continue to look poised in search of a fresh upside push.

Risk a little softer still but the overall mood is much better now
As mentioned earlier, with Chinese markets closed for the day, the market may be able to breathe easier that the bleeding has stopped and knowing the fact that Wall Street also has a knack for buying up dips as seen over the past