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Eurostoxx +0.4%Germany DAX +0.4%France CAC 40 +0.6%UK FTSE +0.3%Spain IBEX +0.4%It's still early in the day but at least it is a bit of a breather after the heavy selling since last week. US futures are looking more tepid though, with S&P 500 futures seen down 8...

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Prior -24.2; revised to -24.4German consumer morale is set to have declined heading into July as economic and income expectations fall looking to the month ahead. GfK notes that "the current development indicates that consumers are once again more uncertain". This...

One-sided movement seen in the current marketWill respond appropriately to excessive moves if necessaryNo comment on FX levelsThe verbal jawboning hasn't really deterred USD/JPY bulls to bring the pair up to 144.00 yesterday. If you're not familiar with the comments...

The aussie isn't faring all too well today as it has been thrown a curveball via a softer monthly CPI data earlier here. That is seeing some accelerated downside for AUD/USD as highlighted here.Meanwhile, the yen continues to stay under pressure this week but traders...

AUD/USD is down 0.6% on the day to 0.6645 and it is mostly to do with the monthly inflation numbers here. That might be reason for the RBA to switch the dial on policy setting but it isn't definitive I would say. Inflation remains well above the target band set out by...

Earlier this year concerns were raised over China's new law against espionage that tightens state control over a wider swath of data and digital activities.As posted back then:“The business community necessarily needs information,” said Lester Ross, a Beijing-based...

Statement from Russian Energy Ministry via Reuters:Says Russia's gasoline exports fell 30% in June from MayRussian refineries' gasoline production up 3.1% y/y as of the last week of JuneDiesel production +2% y/y at the end of June, reserves are at a historical highGas...

The Australian dollar took a hit during the session on the release of May 2023 monthly inflation data. This came in at 5.6%, well below the 6.1% consensus mid-point estimate. Core measures for the month remained above 6% but it was the headline that the market...

Chinese Industrial Profit for May comes in at -12.6% y/yprior -18.2%For the YTD January - MaY period Industrial Profits are -18.8% y/yprior -20.6%China's National Bureau of Statistics (NBS) says profits took a hit from insufficient demand but are improving (ie not as...

A much better inflation figure from Australia that probably takes a July rate hike off the table. Comes in at 5.6% y/y, a 13 month lowexpected 6.1%, prior 6.8%The 'core' reading that takes out volatile items and holiday travel is not so encouraging, though, coming in...