Daily Market Report 05/08/15

EUR
So far this week the Greek share market has  dropped by 16% on the
first week of trading after a 5 week shut-down. The main share index is
down more than 50% from this time last year.  The stock exchange as
we all know was closed for five weeks to prevent people from taking funds out
of banks even though the stock exchange market is now open, Greek
investors are not allowed to use the money they have in the bank to invest into
stock exchange. 

EUR
So far this week the Greek share market has  dropped by 16% on the
first week of trading after a 5 week shut-down. The main share index is
down more than 50% from this time last year.  The stock exchange as
we all know was closed for five weeks to prevent people from taking funds out
of banks even though the stock exchange market is now open, Greek
investors are not allowed to use the money they have in the bank to invest into
stock exchange. 

GBP
The UK is set to be the fastest growing economy in the G7 for the second year
running. Growth is expected to reach 2.5% this year according to the
national institute of economic and social research. It also expects
unemployment to fall further, but not below 5%.UK house prices are back in
growth, by 0.4% in July, following a 0.2% dip in June according to nationwide
house price index. 

USD
Data released by the US census bureau on Tuesday showed that factory orders
rose 1.8% as expected up from the -1.1% drop seen in May.  Orders for
durable goods, products meant to last at least three years, advanced 3.4% in
June. Orders for non durable goods edged up 0.4%.

Key
Announcements:

09:30 – GBP: UK Services PMI  (July) expected to  fall
to 58.1 from 58.5
13:45 – USD: ADP Non-Farm Employment Change  (July ) expected to fall
to 216k from 237k
14:00 – USD: US – ISM Non-Manufacturing PMI (July)  expected to rise
from 53.8 to 54.0