Asia:
23:30pm - AUD AiG Perf of Construction Index
00:30am - JPN Household Spending
01:00am - JPN Labor Cash Earnings
06:00am - JPN Leading Index
07:30am - AUD Foreign Reserves
Europe:
07:00am - GER Industrial Production
07:00am - NOR Industrial Production
07:45am - FRA Trade Balance
08:00am - ECB's Nouy, EU's Dombrovskis at Austrian C.Bank Conference
08:30am - UK Halifax House Price
09:00am - ITL Retail Sales
US:
13:30pm - US Non-Farm Payroll
13:30pm - US Unemployment Rate
13:30pm - US Average Hourly Earnings
13:30pm - US Trade Balance
13:30pm - CAD Net Change in Employment
13:30pm - CAD Intl Merchandise Trade
15:00pm - CAD Ivey Purchasing Managers Index
Market Focus this Morning...
- FOMC Minutes: Most Fed policymakers said trade policy risks has intensified and were concerning
-A number of members said might be appropriate to change part of the policy statement that refers to accommodative policy
-Many members said gradual hikes could take the Fed funds rate above the neutral level some time next year
-Flattening of yield curve was discussed; members gave representation on recession risks based on spread between current Fed funds rate and
expected rate several quarters ahead
-Downside risk to US growth and inflation on the back of economic and political events in Europe and EM countries
-Members said many of their contacts expressed concern over tariffs which might affect investments
-A few members said inflation temporarily above 2% could help anchor inflationary pressures
- US ADP National Employment (Jun) 177k vs. Exp. 190k (Prev. 178k, Rev. 189k)
- US President Trump confirms China tariffs will be imposed after midnight tonight and says another USD 16bln in tariffs are coming in 2 weeks
- Germany's SPD and conservatives reach an agreement on turning back certain migrants at the German-Austrian border; according to coalition
sources
- US President Trump is to meet Russia's Putin to determine whether Russia is still willing to lower tensions with the US; according to a US ambassador
to Russia
- Morgan Stanley says it looks to buy dips in EUR/USD and that it placed limit order to buy at 1.1600 with a target of 1.2100 and stop at 1.1500, while it
announces it went short USD/NOK to target NOK 7.50 and with a stop at 8.22
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