- Germany plans to link bank’s ESM capitalization to transaction tax
- Barclays chairman to resign over libor
- Cameron not opposed to vote on EU status
- China’s June PMI Index fell to 50.2 from 50.4 in May . ( forecast was for 49.9)
- HSBC China June PMI hits 7 month low of 48.2
- China sets Yuan at 6.3146 from previous 6.3249
- Barclays on China : Manufacturing data “relief to investors”,”efforts to stabilize growth taking effect” and “growth will bottom 2Q ,improve from June”
- Japan’s Tankan June big manufactures index seen -1 vs. reuters poll of -4 (all indexes better than expected .
- Nikkei opened up almost 100 points before give back most of it’s gains . now at 9034.13 up .3 % only.
- Australia June inflation index -0.2%mo/mo. rose 1.6 yr/yr (slowest since sept 2009)
- World Banks KIm “Priority to aid worls growth”
- NZ employment index at 96.2 vs 98.9 ( falls for 4th straight Q)
- UK June house prices unchanged in Month / fall 0.5% in year
After opening near Fridays close (1.2680) Eur made an about face as profit-taking was the theme for all the majors today. We are currently near sessions lows and minor support levels across the board .Eur at 1.2625. GBP at 1.5660. Aud at .0227 . with Usd/Jpy at 79.76.
