Data released
05:00 Japan Housing starts (May) Y/Y -30.8% -27.8% -32.4%
05:00 Japan Construction orders (May) Y/Y -41.9% - -25.9%
06:00 UK Nationwide house price index (June) 0.9% 0.2% 1.2%
06:00 UK Nationwide house price index (June) Y/Y -9.3% -10.1% -11.3%
06:45 France PPI (May) -0.3% 0.1% -0.6%
06:45 France PPI (May)Y/Y -7.8% - -5.5%
07:55 Germany Unemployment (June) seasonally adjusted +31K +45K +1K
07:55 Germany Unemployment (June) seasonally adjusted, mln 3.495 - 3.456
07:55 Germany Unemployment rate (June) seasonally adjusted 8.3% 8.3% 8.2%
07:55 Germany Unemployment (June) seasonally unadjusted, mln 3.410 - 3.458
07:55 Germany Unemployment rate (June) seasonally unadjusted 8.1% - 8.2%
08:00 Italy PPI (May) -0.2% -0.1% -0.5%
08:00 Italy PPI (May) Y/Y -6.1% - -5.3%
08:00 EU(16) M3 money supply (May) adjusted Y/Y 3.7% 4.6% 4.9%
08:00 EU(16) M3 money supply (3 months to May) adjusted Y/Y 4.5% 4.9% 5.2%
08:30 UK GDP (Q1) final -2.4% -1.9% -1.9%
08:30 UK GDP (Q1) final Y/Y -4.9% -4.1% -4.1%
08:30 UK Current account (Q1), bln -8.5 -6.7 -8.8 (-7.6)
09:00 Italy CPI (June) preliminary 0.1% 0.2% 0.2%
09:00 Italy CPI (June) preliminary Y/Y 0.5% 0.5% 0.9%
09:00 Italy HICP (June) preliminary Y/Y 0.6% - 0.8%
09:00 EU(16) Harmonized CPI (June) Y/Y preliminary -0.1% -0.2% 0.0%
12:55 USA Redbook (27.06)
13:45 USA Chicago PMI (June) 39.9 38.4 34.9
14:00 USA Consumer confidence (June) 49.3 55.2 54.8 (54.9)
23:50 Japan BoJ Tankan survey (Q2) -48 -43 -58
The yen declined
to a two-week low against the euro as China’s manufacturing expanded in
June for a fourth month, increasing demand for higher-yielding assets
on bets the global recession is easing.
Japan’s currency also
weakened as a report showed U.S. manufacturing shrank in June at the
slowest pace in 10 months. The yen weakened after the Bank of Japan’s
quarterly Tankan survey showed sentiment among the largest
manufacturers rose less than economists forecast. The index of
sentiment among large makers of electronics, cars and other products
climbed to -48 in June from -58 in March, the central bank said in
Tokyo. The median forecast of economists was for a reading of -43.
The Australian dollar gained
versus the yen after a report showed the nation’s retail sales climbed
for a third month. The statistics bureau reported retail sales gained
1% in May from the previous month, when they climbed 0.3%.
The
benchmark interest rate is 0.1% in Japan, compared with 1% in the
16-nation euro region, 3% in Australia and 2.5% in New Zealand.
The euro strengthened
against the dollar as every stock market in Europe advanced. The euro
gained against the dollar as a government report showed retail sales in
Germany, Europe’s largest economy, unexpectedly rose for a third month
in May, strengthening the case for the European Central Bank to keep
interest rates unchanged tomorrow. ECB member Axel Weber, who heads the
Bundesbank, said last week policy makers have used up their scope to
cut rates.
EUR/USD printed low on $1.4000
before rising to $1.4080. After some correction to $1.4042 rate resumed
its rise up to $1.4202. Later euro retreated to $1.4135.