Morning Brew 07 June 2021 Morning Brew 07 June 2021 Morning Brew 07 June 2021

Morning Brew 07 June 2021

Erik Schafhauser

Senior Relationship Manager

Good Morning

Risk sentiment is off Fridays Highs as Janet Yellen stated higher Interest Rates would be good for the country, Chinas Imports rise by the fastest pace in 10 Years at a stunning 51%. A Corona Outbreak in Taiwan is putting global prices under pressure and we are expecting a lot of key news: The US Stimulus Negotiations, ECB Rate decision and maybe crucially the US CPI on Thursday

 

Indexes are about 0.2% lower, Gold and Silver fall to 1886 and 27.60. the USD Index drops to 90.2 after a 90.6 high Friday and 10 Year Rates drop from 1.63 to 1.56. EURUSD is at 1.2160 after a 99 pip range on Friday.

The GER30 failed to break the 15700 in the first attempt.

Expiries
Physically Settled Futures:

CONFM1, FBONM1 will expire today at 09:00 GMT

FBTPM1, FGBLM1, FGBMM1, FGBXM1, FOATM1 will expire 7th June at 15:00 GMT

Expiring CFDs:

10YBTPJUN21, 10YOATJUN21, BOBLJUN21, BUNDJUN21 will expire 4th June at 15:00 GMT

GASOILUKJUN21 will expire 8th Jun at 15:00 GMT

AUDUSDADJUN21, EURCHFRFJUN21, EURGBPRPJUN21, EURJPYRYJUN21, EURUSDECJUN21, GBPUSDBPJUN21 will expire 9th June at 15:00 GMT

 

Local Start Date

Local Time

Country/Region

Indicator Name

Period

Reuters Poll

Actual

Unit

7 Jun 2021

08:00

Germany

Industrial Orders MM

Apr

1.0%

Percent

7 Jun 2021

08:00

Norway

Reserve Assets Total

May

NOK

7 Jun 2021

08:45

France

Reserve Assets Total

May

EUR

7 Jun 2021

09:00

Switzerland

Forex Reserves CHF

May

CHF

7 Jun 2021

09:30

United Kingdom

Halifax House Prices MM

May

1.2%

Percent

7 Jun 2021

China (Mainland)

Exports YY

May

32.1%

27.9%

Percent

7 Jun 2021

China (Mainland)

Imports YY

May

51.5%

51.1%

Percent

7 Jun 2021

China (Mainland)

Trade Balance USD

May

50.50B

45.53B

USD

8 Jun 2021

01:50

Japan

Current Account NSA JPY

Apr

1,500.6B

JPY

8 Jun 2021

01:50

Japan

GDP Rev QQ Annualised

Q1

-4.8%

Percent

8 Jun 2021

01:50

Japan

GDP Revised QQ

Q1

-1.2%

Percent

8 Jun 2021

01:50

Japan

GDP Cap Ex Rev QQ

Q1

-1.2%

Percent

8 Jun 2021

05:00

New Zealand

Reserve Assets Total

May

NZD

8 Jun 2021

08:00

Germany

Industrial Output MM

Apr

0.7%

Percent

8 Jun 2021

11:00

Germany

ZEW Economic Sentiment

Jun

85.3

Net balance

8 Jun 2021

11:00

Germany

ZEW Current Conditions

Jun

-28.0

Net balance

8 Jun 2021

11:00

Euro Zone

GDP Revised QQ

Q1

-0.6%

Percent

8 Jun 2021

11:00

Euro Zone

GDP Revised YY

Q1

-1.8%

Percent

8 Jun 2021

14:00

Brazil

Retail Sales YY

Apr

19.80%

Percent

8 Jun 2021

14:30

United States

International Trade $

Apr

-69.0B

USD

8 Jun 2021

14:30

Canada

Trade Balance C$

Apr

-0.80B

CAD

9 Jun 2021

03:30

China (Mainland)

PPI YY

May

8.5%

Percent

9 Jun 2021

03:30

China (Mainland)

CPI YY

May

1.6%

Percent

9 Jun 2021

14:00

Brazil

IPCA Inflation Index MM

May

0.71%

Percent

9 Jun 2021

16:00

Canada

BoC Rate Decision

9 Jun

0.25%

Percent

10 Jun 2021

01:50

Japan

Corp Goods Price MM

May

0.5%

Percent

10 Jun 2021

01:50

Japan

Corp Goods Price YY

May

4.5%

Percent

10 Jun 2021

08:00

Norway

Consumer Price Index MM

May

Percent

10 Jun 2021

08:00

Norway

Consumer Price Index YY

May

2.9%

Percent

10 Jun 2021

08:00

Denmark

CPI YY

May

Percent

10 Jun 2021

09:30

Sweden

CPI MM

May

Percent

10 Jun 2021

09:30

Sweden

CPI YY

May

2.0%

Percent

10 Jun 2021

13:45

Euro Zone

ECB Refinancing Rate

Jun

0.00%

Percent

10 Jun 2021

13:45

Euro Zone

ECB Deposit Rate

Jun

-0.50%

Percent

10 Jun 2021

14:30

United States

CPI MM, SA

May

0.4%

Percent

10 Jun 2021

14:30

United States

Initial Jobless Clm

5 Jun, w/e

371k

Person

10 Jun 2021

China (Mainland)

Total Social Financing

May

2,002.30B

CNY

10 Jun 2021

China (Mainland)

M2 Money Supply YY

May

8.1%

Percent

10 Jun 2021

China (Mainland)

New Yuan Loans

May

1,410.0B

CNY

11 Jun 2021

08:00

United Kingdom

GDP Est 3M/3M

Apr

1.6%

Percent

11 Jun 2021

08:00

United Kingdom

GDP Estimate MM

Apr

2.4%

Percent

11 Jun 2021

08:00

United Kingdom

GDP Estimate YY

Apr

27.9%

Percent

11 Jun 2021

08:00

United Kingdom

Manufacturing Output MM

Apr

1.5%

Percent

11 Jun 2021

16:00

United States

U Mich Sentiment Prelim

Jun

84.0

Index

14 Jun 2021

09:00

Turkey

Current Account Balance

Apr

USD

(Refinitiv)

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