Coming down from past days but still elevated.
SK President Moon says:
- prolonged level 2 lock down measures will add burden to the economy
- worried that consumption, demand will shrink again
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South Korea new coronavirus cases come in at 280 today
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- The USD is higher vs the EUR, JPY and the GBP to kickstart the trading day.USDJPY breaking
- Germany June preliminary CPI +2.3% vs +2.6% y/y expected
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- Gold consolidates around the 4,000 level as traders await the US NFP and CPI reports
- ECB's Wunsch: We might need another rate hike but not necessarily in July
- Italy inflation only marginally lower in June as services inflation cool a little
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