RANsquawk

Blog

  • US President Trump increased tariffs from 10% to 25% on USD200bln of Chinese goods; however, he did comment that a trade deal is possible this week
  • Major European Indices [Euro Stoxx 50 +0.8%] are firmer following the choppy overnight action as sentiment turned risk-on as market’s remain hopeful that a deal can be secured
  • Looking ahead, highlights include US CPI, Canadian Building Permits & Jobs Report, Fed's Brainard, Bostic & Williams, ECB's...
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  • Sunday: Spanish Election.
  • Monday: EZ consumer confidence; US PCE/personal spending.
  • Tuesday: German unemployment; EZ flash Q1 GDP, regional EZ CPIs; Canada GDP; US consumer confidence, pending home sales, Chicago PMI; NZ employment.
  • Wednesday: Europe Labour Day Holiday; UK, US mfg PMI; US ADP employment, construction spending, ISM mfg, FOMC.
  • Thursday: China Caixin mfg PMI; EZ mfg PMI; UK construction PMI;...
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  • Mon: China Caixin Services PMI, UK GDP, Eurogroup meeting
  • Tue: OPEC Monthly Report, RBNZ Interest Rate Decision, Japanese PPI
  • Wed: Riksbank Interest Rate Decisions, UK CPI, EU Industrial Production, US CPI, Japanese GDP
  • Thu: Brexit Meaningful Vote, Indonesian Interest Rate Decision, US PPI, Eurozone GDP & Employment, China Trade Balance
  • Fri: China CPI, UK Retail Sales, Eurozone Trade Balance, NY Empire State Manufacturing Index, Uni of Michigan
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Key Events 

  • Monday: ECB Forum on Central Banking begins
  • Tuesday: RBA Minutes
  • Wednesday: BoJ Minutes, Brazil Rate Decision
  • Thursday: BoE Rate Decision, SNB Rate Decision, Norges Bank Rate Decision, Banxico Rate Decision, Eurogroup Meeting
  • Friday: Japan CPI, OPEC Meeting, EZ PMIs, Canadian CPI 

Global 

On 21 June, the JMMC will meet ahead of OPEC’s 174 the Meeting on 22 June, and then a...

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+14 pips in the coffers for Don https://t.co/Vn0YtwzV3G