Headlines:
Markets:
- CAD leads, JPY lags on the day
- European equities larger; S&P 500 futures up 0.5%
- US 10-year yields up 4.9 bps to three.241%
- Gold flat at $1,823.73
- WTI crude up 1.5% to $111.19
- Bitcoin up 0.4% to $20,975
It was a comparatively quiet session with little on the agenda to essentially shake issues up. Threat tones held steadier all through with equities rising and that noticed bond yields tick larger whereas the Japanese yen slumped on the session.
By way of knowledge, we noticed German GfK shopper sentiment fall to its weakest on document whereas French shopper confidence dropped to its softest since July 2013. That did not spoil the temper in shares although, with European indices holding modest features of round 1% throughout the board.
US futures additionally pushed larger after a extra pensive begin to the day, with S&P 500 futures seen up round 21 factors now.
That’s seeing the greenback hold extra blended amid an increase in yields with EUR/USD seeing some backwards and forwards motion with the excessive touching 1.0605 earlier than retreating to 1.0565 in the intervening time. GBP/USD additionally made a little bit of a spherical journey from 1.2260 to 1.2290 earlier than falling again to 1.2230 and holding simply above that now.
USD/JPY made the gradual ascend from 135.30 to 136.30 and is holding simply above 136.00 for the second.
In the meantime, the loonie and aussie are seeing modest features amid the higher danger urge for food with USD/CAD down 0.3% to 1.2835 and AUD/USD up 0.3% to 0.6945 in the intervening time. The features are fairly measured though USD/CAD is right down to contemporary two-week lows with larger oil costs additionally serving to. WTI crude is up 1.5% to above $111 on the day.
It is all concerning the danger temper nonetheless earlier than we get to month-end buying and selling, as markets proceed to digest and work out central financial institution motives normally. Euro space inflation knowledge shall be a key focus level within the days forward, so that might see extra motion within the euro and European bond yields in weighing up the ECB July choice.
