Monday 14th June 2021: Japanese markets higher in thin volumes.

Global Markets:

• Asian Stock Markets : Nikkei up 0.74%, Shanghai Composite down 0.58%, Hang Seng up 0.52%, ASX up 0.13%
• Commodities : Gold at $1859.70 (-1.06%), Silver at $27.83 (-1.14%), Brent Oil at $73.39 (+0.96%), WTI Oil at $71.52 (+0.86%)
• Rates : US 10-year yield at 1.464, UK 10-year yield at 0.712, Germany 10-year yield at -0.270

News & Data:

• (USD) Prelim UoM Consumer Sentiment 86.4 vs 84.1 expected
• ECB’s Holzmann: In Dangerous Zone As Inflation Concerns Rise
• French President Macron offers UK PM Johnson ‘Le reset’ if he keeps his Brexit word

Markets Update:

Asian stock markets are trading mixed on Monday on a light day for the region with four major markets on holiday, following the broadly positive cues from Wall Street on Friday. The markets are supported by energy and technology stocks in particular. Meanwhile, investors seem reluctant to make significant moves ahead of the U.S. Federal Reserve’s monetary policy meeting scheduled for Tuesday and Wednesday for cues about global economic recovery.

Japanese stock market is modestly higher on Monday, after the slight losses of the previous session, with the Nikkei 225 falling just above the 29,100 level. Markets in Australia, mainland China and Hong Kong were closed on Monday for holidays.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.526 following a recent climb past the 90.3 level. Oil prices held at multi-year highs on an improved outlook for worldwide fuel demand. Bitcoin held on to gains won on the weekend when Elon Musk flagged Tesla’s possible resumption of transactions using the token.

Upcoming Events:

Monday, June 14, 2021

• 01:00 PM GMT – (GBP) BOE Gov Bailey Speaks

Tuesday, June 15, 2021

• 01:30 AM GMT – (AUD) Monetary Policy Meeting Minutes
• 12:15 PM GMT – (GBP) BOE Gov Bailey Speaks
• 12:30 PM GMT – (USD) Core Retail Sales m/m
• 12:30 PM GMT – (USD) PPI m/m
• 12:30 PM GMT – (USD) Retail Sales m/m
• 12:30 PM GMT – (USD) Core PPI m/m
• 01:15 PM GMT – (USD) Industrial Production m/m

Wednesday, June 16, 2021

• 06:00 AM GMT – (GBP) CPI y/y
• 12:30 PM GMT – (CAD) CPI m/m
• 12:30 PM GMT – (CAD) Common CPI y/y
• 12:30 PM GMT – (CAD) Median CPI y/y
• 12:30 PM GMT – (CAD) Trimmed CPI y/y
• 02:30 PM GMT – (USD) Crude Oil Inventories
• 06:00 PM GMT – (USD) FOMC Economic Projections
• 06:00 PM GMT – (USD) FOMC Statement
• 06:00 PM GMT – (USD) Federal Funds Rate
• 06:30 PM GMT – (USD) FOMC Press Conference
• 10:30 PM GMT – (CAD) BOC Gov Macklem Speaks
• 10:45 PM GMT – (NZD) GDP q/q

Thursday, June 17, 2021

• 12:10 AM GMT – (AUD) RBA Gov Lowe Speaks
• 01:30 AM GMT – (AUD) Employment Change
• 01:30 AM GMT – (AUD) Unemployment Rate
• 07:30 AM GMT – (CHF) SNB Monetary Policy Assessment
• 07:30 AM GMT – (CHF) SNB Policy Rate
• 08:00 AM GMT – (CHF) SNB Press Conference
• 12:30 PM GMT – (USD) Philly Fed Manufacturing Index
• 12:30 PM GMT – (USD) Unemployment Claims

Friday, June 18, 2021

• Tentative – (JPY) Monetary Policy Statement
• 06:00 AM GMT – (GBP) Retail Sales m/m
• Tentative – (JPY) BOJ Press Conference