Softer tones for European equity futures to begin the week 16 May 2016
- CAC40 futures -0.37%
- FTSE -0.2%
Bund futures up 9 at 164.28
In China the SCI is up +0.29% at 2835.41 in a range of 2805-2842 so far.
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Eurostoxx 50 futures down -0.27% in early European trading
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Goldman says Trump tariff ruling near-term impact limited as appeal looms
- PBOC sets USD/ CNY reference rate for today at 6.8502 (vs. estimate at 6.8138)
- Trump gives EU until July 4 to implement Turnberry deal or face tariff hike
- Japan services PMI hits 11-month low in April. War costs bite, input costs 42-month high
- Morgan Stanley sees gold at $5,200 (Central bank buys, Fed cuts), fear trade is now dead
- PBOC is expected to set the USD/CNY reference rate at 6.8138 – Reuters estimate
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