Good Morning ,
- Harsh words from Italy PM Monti were probably the only highlight overnight. Currencies continued to trade in the ''well know ranges''. The two-day EU leader summit will start today and Italy will try to sell bonds today after BTP yields rose recently to levels not seen since early June/begin of the year.
- Stocks: Nikkei +1.39 %, Hang Seng +0.20 %, Shanghai Composite -0.22 %, Dow Jones +0.74 %, S+P500 +0.90 %
- The European Union faces potential disaster if its leaders don't cooperate and find a way to keep interest rates on Italy's national debt down, Italian Premier Mario Monti warned Wednesday. "If Italians become discouraged that their efforts aren't helping, it could unleash "political forces which say `let European integration, let the euro, let this or that large country go to hell', which would be a disaster for the whole of the European Union," Monti said.
- Luxembourg Prime Minister Jean-Claude Juncker said he expects European leaders to calm investor concern about the seniority of regional loans to Spain when they meet in Brussels.
- Federal Reserve Bank of Atlanta President Dennis Lockhart said while a new bond-buying program remains an option, current conditions don't call for the Fed to take such an aggressive step.
- Federal Reserve Bank of Chicago President Charles Evans said the U.S. central bank didn't provide enough stimulus last week and called for new easing including more asset purchases to spur economic growth.
- SNB Danthine said the country had a "rough road" since the global financial crisis began. We had a "strong appreciation of the franc, which constituted major challenges to the Swiss economy," Danthine said. "It has led to difficult decisions and has led us to significant foreign-exchange positions. This raised a lot of discussion, a lot of questions." He also said the franc ceiling of 1.20 versus the euro "was a necessity, it is a necessity."
- Australia Data Recap Period Survey Actual Prior
* HIA New Home Sales May - 0.7 % 6.9 %
* Job Vacancie May - -5.3 % 0.7 %
- New Zealand Data Recap Period Survey Actual Prior
* NBNZ Activity Outlook June - 20.8 34.9
* NBNZ Business Confidence June - 12.6 27.1
- Japan Data Recap Period Survey Actual Prior
* Retail Trade yoy May 2.9 % 3.6 % 5.7 %
* Retail Trade mom May 0.2 % 0.7 % -0.4 %
* Large Retailer Sales May -1.0 % -0.9 % -0.6 %
- 14:30 US GDP Q1 T
- 14:30 US Personal Consumption Q1 T
- 14:30 US Initial Claims
- 17:00 US Kansas City Fed Manf. Activity June
- 17:30 Fed Pianalto
- 09:55 Germany Unemployment Rate June
- 11:00 Eurozone Industrial Confidence June
- 11:00 Eurozone Services Confidence June - n/a EU Leader Summit in Brussels (28/29 June)
- 13:00 ECB Constancio
- 11:00 Italy to sell 2017/22 bonds
- 08:00 UK Nationwide House Prices June
- 10:30 UK GDP Q1 F
- 10:30 UK Current Account Q1
- 10:30 UK Total Business Investment Q1 F
- 19:00 BOE Weale
- 09:30 Sweden Retail Sale May
- 09:30 Sweden Trade Balance May
(CET)
Have a nice day !
- Harsh words from Italy PM Monti were probably the only highlight overnight. Currencies continued to trade in the ''well know ranges''. The two-day EU leader summit will start today and Italy will try to sell bonds today after BTP yields rose recently to levels not seen since early June/begin of the year.
- Stocks: Nikkei +1.39 %, Hang Seng +0.20 %, Shanghai Composite -0.22 %, Dow Jones +0.74 %, S+P500 +0.90 %
- The European Union faces potential disaster if its leaders don't cooperate and find a way to keep interest rates on Italy's national debt down, Italian Premier Mario Monti warned Wednesday. "If Italians become discouraged that their efforts aren't helping, it could unleash "political forces which say `let European integration, let the euro, let this or that large country go to hell', which would be a disaster for the whole of the European Union," Monti said.
- Luxembourg Prime Minister Jean-Claude Juncker said he expects European leaders to calm investor concern about the seniority of regional loans to Spain when they meet in Brussels.
- Federal Reserve Bank of Atlanta President Dennis Lockhart said while a new bond-buying program remains an option, current conditions don't call for the Fed to take such an aggressive step.
- Federal Reserve Bank of Chicago President Charles Evans said the U.S. central bank didn't provide enough stimulus last week and called for new easing including more asset purchases to spur economic growth.
- SNB Danthine said the country had a "rough road" since the global financial crisis began. We had a "strong appreciation of the franc, which constituted major challenges to the Swiss economy," Danthine said. "It has led to difficult decisions and has led us to significant foreign-exchange positions. This raised a lot of discussion, a lot of questions." He also said the franc ceiling of 1.20 versus the euro "was a necessity, it is a necessity."
- Australia Data Recap Period Survey Actual Prior
* HIA New Home Sales May - 0.7 % 6.9 %
* Job Vacancie May - -5.3 % 0.7 %
- New Zealand Data Recap Period Survey Actual Prior
* NBNZ Activity Outlook June - 20.8 34.9
* NBNZ Business Confidence June - 12.6 27.1
- Japan Data Recap Period Survey Actual Prior
* Retail Trade yoy May 2.9 % 3.6 % 5.7 %
* Retail Trade mom May 0.2 % 0.7 % -0.4 %
* Large Retailer Sales May -1.0 % -0.9 % -0.6 %
- 14:30 US GDP Q1 T
- 14:30 US Personal Consumption Q1 T
- 14:30 US Initial Claims
- 17:00 US Kansas City Fed Manf. Activity June
- 17:30 Fed Pianalto
- 09:55 Germany Unemployment Rate June
- 11:00 Eurozone Industrial Confidence June
- 11:00 Eurozone Services Confidence June - n/a EU Leader Summit in Brussels (28/29 June)
- 13:00 ECB Constancio
- 11:00 Italy to sell 2017/22 bonds
- 08:00 UK Nationwide House Prices June
- 10:30 UK GDP Q1 F
- 10:30 UK Current Account Q1
- 10:30 UK Total Business Investment Q1 F
- 19:00 BOE Weale
- 09:30 Sweden Retail Sale May
- 09:30 Sweden Trade Balance May
(CET)
Have a nice day !
