Monday 22nd June: European Open Briefing

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Global Markets:

  • Asian stock markets: Nikkei up 0.80 %, Hang Seng gained 0.40 %, ASX rose 0.20 %, Shanghai Composite closed for holiday
  • Commodities: Gold at $1199 (-0.25 %), Silver at $16.08 (-0.15 %), WTI Oil at $59.80 (-0.25 %), Brent Oil at $62.90 (+0.05 %)
  • Rates: US 10 year yield at 2.29, UK 10 year yield at 2.00, German 10 year yield at 0.75

News & Data:

  • New Zealand Westpac Consumer Confidence (Q2): 113.0 (previous 117.4)
  • Greek PM Tsipras Presents New Proposals Ahead Of Emergency EU Summit — Euro News
  • Greek PM Tsipras Will Meet With Top European Officials Ahead Of Final Summit – RTRS
  • RBA’s Edwards: Australian Dollar Still Too High — BBG
  • PWC: A Third Of Australia Is In Recession — AFR
  • New Zealand PM Key: RBNZ Governor Has Done Good Job, But Obvious Inflation Is Below Target — BBG
  • New Zealand PM Key: `Very Difficult' To Meet Inflation Target — BBG

CFTC Positioning Data:

  • EUR net short 89K vs. short 138K prior
  • JPY net short  80K vs. short 116K prior
  • GBP net short 25K vs. short 28K prior
  • AUD net  short 4K vs short 14K prior
  • CAD net short 12K vs short 14K prior
  • CHF net long 5K vs. long 10K prior

Upcoming Events:

  • (TBA) BST – Euro Group Meetings
  • 08:45 BST – Bank of England Member Cunliffe speaks
  • 15:00 BST – US Existing Home Sales
  • 15:00 BST – Euro Zone Consumer Confidence

The Week Ahead (Key Data & Events):

Tuesday, June 23rd

  • 02:45 BST – Chinese HSBC Manufacturing PMI
  • 08:00 BST – French Manufacturing PMI
  • 08:00 BST – French Services PMI
  • 08:30 BST – German Manufacturing PMI
  • 08:30 BST – German Services PMI
  • 09:00 BST – Euro Zone Manufacturing PMI
  • 09:00 BST – Euro Zone Services PMI
  • 13:30 BST – US Durable Goods Orders
  • 15:00 BST – US New Home Sales

Wednesday, June 24th

  • 00:50 BST – Bank of Japan Meeting Minutes
  • 09:00 BST – German IFO Business Climate
  • 13:30 BST – US GDP

Thursday, June 25th

  • 13:30 BST – US Initial Jobless Claims
  • 13:30 BST – Personal Income & Spending
  • 14:45 BST – US Services PMI

Friday, June 26th

  • 00:30 BST – Japanese CPI
  • 00:30 BST – Japanese Unemployment Rate
  • 15:00 BST – US Michigan Consumer Sentiment
  • 16:15 BST – Bank of England Governor Carney speaks

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