This being reported Brussels correspondent, Dave Keating on Twitter
1. Japan
2. South Korea
3. Australia
4. New Zealand
5. Serbia
6. Montenegro
7. Georgia
Comments by BOE chief economist, Andy Haldane
He is sort of justifying his dissent at the latest BOE policy meeting two weeks ago with the remarks above. So, while they seem a tad more upbeat, just be mindful that it was a 8-1 decision at the time. The full text of his speech can be found
Comments by UK prime minister, Boris Johnson
– We must set out the way ahead
– We were able to avert a far worse disaster
– Still awaiting for the full economic reverberations to appear
A couple of token remarks by Johnson but the speech set out here is more symbolic if anything else. It just reaffirms that he
Tick tock, tick tock
According to the commission spokesman, „our overall message this week but also for the coming weeks and coming months is to intensify our negotiations in order to make progress to get a deal. Our goal is to make progress and to reach a deal“.
Forex news from the European trading session – 29 June 2020
Headlines:
Markets:
– EUR leads, USD and JPY lag
– European equities higher; E-minis up 0.4%
– US 10-year yields up 0.6 bps to 0.648%
Latest data released by Destatis – 29 June 2020
– +0.6%
– CPI +0.6% vs +0.3% m/m expected
– Prior -0.1%
The state readings earlier provided a slight upside bias going into the release and the figures here pretty much confirms it. Price pressures improved modestly in the month of June and that is a positive takeaway at
The market continues to chop around ahead of US trading once again
The last few sessions (⬆) have seen more choppy price action in risk in European morning trade and today is no different. Stocks began with a more tepid now before inching slightly higher in the opening hour, then back lower and now back higher again.
Beaches in Miami, Fort Lauderdale, and Palm Beach will be closed for the 4th of July weekend
Palm Beach mayor, Dave Kenner, also said that he will be issuing an order to close beaches under his jurisdiction going into the national holiday weekend.
The official PMIs are due on Tuesday, see post (or at the bottom of this post) for priors and expected.
here
Later in the week, Wednesday and Friday, are the private survey PMIs, Caixin/Markit.
China’s industrial profits fell in Q1 and started to be not so bad through March and April as the economy crawled toward recovery.
– May comes in at +6.0% y/y from -4.3% in April
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