Global Markets:
- Asian stock market: Nikkei up 1.25 %, Shanghai Composite gained 1.20 %, Hang Seng rose 0.60 %, ASX dropped 0.10 %
- Commodities: Gold at $1187 (-0.15 %), Silver at $16.42 (-0.30 %), WTI Oil at $59.20 (-0.30 %), Brent Oil at $66.10 (-0.10 %)
- Rates: US 10 year yield at 2.14, UK 10 year yield at 1.87, German 10 year yield at 0.54
News & Data:
- PBOC cuts rates by 25 bps
- China’s PBOC Still Has Room To Ease Monetary Policy — Securities Journal
- ANZ Looking For The RBNZ To Cut In Both June & July
- Australia NAB Business Confidence 3.0, Previous: 3.0
CFTC Positioning Data:
- EUR net short 190K vs 198K short prior
- JPY net short 31,183 vs 5,493 short prior
- GBP net short 24,758 vs. 34,128 short prior
- AUD net long 626 vs 27,405 short prior
- CAD net short 10,080 vs 20,909 short prior
- CHF net long 5,331 vs 1,335 long prior
Upcoming Events:
- 07:00 GMT – German WPI
- 12:00 GMT – Bank of England Interest Rate Decision
- 15:00 GMT – US CB Employment Trends Index
The Week Ahead (Key Data/Events):
Tuesday, May 12th
- 02:30 BST – Australian Home Loans
- 09:30 BST – UK Industrial Production
- 09:30 BST – UK Manufacturing Production
- 15:00 BST – UK NIESR GDP Estimate
- 17:45 BST – FOMC Member Williams speaks
- 22:05 BST – RBNZ Governor Wheeler speaks
Wednesday, May 13th
- 00:50 BST – Japanese Current Account
- 06:30 BST – Chinese Industrial Production
- 07:00 BST – German GDP
- 07:00 BST – German CPI & HICP
- 07:45 BST – French HICP
- 08:00 BST – Spanish HICP
- 09:00 BST – Italian GDP
- 09:30 BST – UK Unemployment Rate
- 09:30 BST – UK Average Earnings Index
- 09:30 BST – UK Claimant Count Change
- 10:00 BST – Euro Zone GDP
- 10:00 BST – Euro Zone Industrial Production
- 10:30 BST – Bank of England Governor Carney speaks
- 10:30 BST – Bank of England Inflation Report
- 13:30 BST – US Retail Sales
- 23:45 BST – New Zealand Retail Sales
Thursday, May 14th
Friday, May 15th
- 08:15 BST – Swiss PPI
- 13:30 BST – US NY Empire State Manufacturing Index
- 15:00 BST – US Michigan Consumer Sentiment