Quote:
‘My faith
is a great weight
hung on a small wire,
as doth the spider
hang her baby on a thin web.’ Anne Sexton (1928-1974)
The News:
Rioting and ethnic unrest in Chinese north west Xinjiang province sees death toll reach 140.
The Numbers:
British Summer Time, with expectations and previous figures in brackets.
06:00 JP May Leading Index77.0, Coincident Index 86.9, versus 76.2 and 86.0 April.
09:30 EZ16 July Sentix Investor Confidence (-25 to –20 versus –27 June).
15:00 US June Non-Manufacturing ISM (44 to 48 versus 44 May).
16:00 EU27 finance ministers’ meeting, Brussels.
18:00 US auction result of 10-year TIPS.
05:30 AU Reserve Bank of Australia interest rate decision (expected unchanged at 3.00%).
The Psychology:
Holidays in the Czech Republic, Lithuania and Thailand.
The Risk:
Stock indices probe important support.
Today’s most interesting chart: S&P 500 future
Testing the ‘neckline’ of a ‘head-and-shoulders’ top.
