Overnight news

Good morning

- US stocks mixed as 10 year yields rise

- USD pushed a bit higher yesterday morning before losing gains

- Retail sales important release today

- FOMC tomorrow is key, watching for any mention of tapering

- UK PM Johnson yesterday confirmed four week delay to reopening

- Sees little need to extend further beyond 19th July

- Analysis suggests vaccines work against Indian/Delta variant

- GBP unmoved on UK unemployment numbers this morning

- UK, Australia agree outline for trade deal

- NATO yesterday warns of military threat posed by China

- Not looking for tensions, but need to watch China behaviour

- EU, US reported to reach agreement to resolve aircraft subsidy dispute

- German inflation in line with expectations this morning

- No surprises from RBA minutes, QE discussions to come in July

- US carrier group enters South China Sea

- Biden to meet Putin tomorrow

- Nikkei up 0.96% to 29,441

- Shanghai Comp down 0.90% to 3,557

- USDCNY fixes 6.4070 from 6.3856

- 10.00 EU trade balance

- 13.15 BoEs Bailey speaks

- 13.30 US retail sales, PPI

- 14.15 US industrial production

- 15.00 US business inventories

- 00.50 Japan trade balance

- 01.30 AUS Westpac leading index

- 03.00 China retail sales, industrial production

- 07.00 UK CPI, RPI, PPI