Global Markets:
- Asian stock markets: Nikkei up 0.20 %, Shanghai Composite rose 1.40 %, Hang Seng gained 1.05 %, ASX fell 0.10 %
- Commodities: Gold at $1143 (-0.10 %), Silver at $14.96 (-0.15 %), WTI Oil at $51.00 (+0.20 %), Brent Oil at $57.05 (+0.15 %)
- Rates: US 10 year yield at 2.35, UK 10 year yield at 2.08, German 10 year yield at 0.79
News & Data:
- Australia CB Leading Index 0.2 %, Previous: -0.3 %
- World Bank says China's economic fundamentals are sound according – BBG
- PBOC sets USD/CNY mid point at 6.1192; weakest since June 8
- Asia shares supported by rising China stocks, dollar edges higher – RTRS
- Dollar gains traction with Fed hike view back in focus – RTRS
- Fed Chair Yellen: We need confidence in labour markets, and that transitory factors will wash out, before hiking
- Yellen: May be appropriate to raise policy with inflation under objective, but we need confidence that in the medium-term it will move back to target
- Yellen: It would be appropriate to hike this year
- Yellen: Hikes will be "prudent and graduate“
- Bank of England Governor Carney: No need to wait to hike rates, risks inflation overshoot
- Carney: MPC‘s intention to return inflation to target in a sustainable manner within two years
Upcoming Events:
- 13:30 BST – US Building Permits
- 13:30 BST – US CPI
- 13:30 BST – US Housing Starts
- 13:30 BST – Canadian CPI
- 15:00 BST – US Michigan Inflation Expectations
