Good morning
- Reversal in markets yesterday as stocks recover, dollar weakens
- Moves come despite US 10 year yields trading back up to 1.5%
- Feds Powell says sees sustained improvement in economy
- Still says inflation likely to fade after notable increase
- Powell testifies today, speech text already released, watch Q&A session
- Feds Kaplan says better forecasts reflect improved economic outlook
- Feds Williams less certain, says economy not improved enough yet
- GBP made good ground across the board yesterday
- UK PM Johnson says 19th July looks good for end of restrictions
- But two England footballers told to isolate after Scottish opponent tests positive
- Summer began yesterday, typically overcast and rainy
- UK looks to join Trans-Pacific trade deal
- China purchases under US trade deal drop to lowest levels since Oct 2020
- Nikkei up 3.12% to 28,884
- Shanghai Comp up 0.84% to
- USDCNY fixes 6.4613 from 6.4546
- 10.15 ECBs Rehn speaks
- 15.00 US existing home sales
- 15.00 EU consumer confidence
- 15.00 ECBs Lane speaks
- 15.30 Feds Mester speaks
- 16.00 Feds Daly speaks
- 18.30 ECBs Schnabel speaks
- 19.00 Feds Powell speaks
- 00.00 AUS commonwealth bank PMIs
- 00.50 BoJ minutes
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