Crude Resumed Selloff as USD firmed. Focus on UK Today

6 August 2015 6 August 2015

EileenFacy82881

Upbeat US data and Fedspeak intensified speculations of Fed's tightening in September, which is now a 50/50 call. Wall Street also firmed as ISM service PMI soared to the highest level in 10 years. S&P 500 index added +0.31% whilst DJIA was largely flat. In the commodity sector, crude oil initially climbed higher on a surprising decline in US crude inventory.