The day is filled with major international news that could immediately affect binary option markets:
- European equities are trading in flat-to-positive territory going into the North American crossover with the FTSE-100 the primary laggard, being driven lower by individual earnings releases.
- BP reported a disappointing Q2 earnings, announcing a net loss of USD 1.39 bln.
- German unemployment changes matched the estimates of +7K for the month July.
- The Chinese data due to be released tonight has gained some attention, as some market analysts predict a weaker-than-expected manufacturing PMI, heightening concerns towards the world’s second largest economy.
With today the last trading day in the month, larger than average month-end extensions have proved supportive in the longer-end of the curve today, with notably large extensions in Germany, France and the Netherlands.