Senior Relationship Manager
Good Morning
After some initial declines the S&P 500 and the broad Nasdaq closed at record highs. The S&P gained 13.1% year to date, the Dow Jones 12.7% and Nasdaq 9.2%, The Dax trades at 15750 in the future. US 10 year rates rose a little to 1.4840, the USD Index hovers near 90.5, Gond and Silver give up ground to trade at 1866 and 27.70.Bitcoin is back above 40k
r/Wallstreetbetsgermany is trending on Reddit, causing interesting moves in Windeln.de, Airberlin and Neovacs.
There will be a lot of data releases today, focus will be on the German CPI at 8:00 and the US PPI as well as retail sales.
Britain and Australia have agreed a trade deal The United States and Europe are should announce a five-year suspension of tariffs in dispute over aircraft subsidies
China's mission to the European Union urged NATO on Tuesday to stop exaggerating the "China threat theory" after the group's leaders warned that the country presents "systemic challenges". (Reuters)
Local Start Date | Local Time | Country/Region | Indicator Name | Period | Reuters Poll | Unit |
15 Jun 2021 | 01:55 | South Korea | Export Growth Revised | May | Percent | |
15 Jun 2021 | 01:55 | South Korea | Import Growth Revised | May | Percent | |
15 Jun 2021 | 03:30 | Australia | Home Price Index | Q1 | 5.5% | Percent |
15 Jun 2021 | 08:00 | Germany | CPI Final MM | May | 0.5% | Percent |
15 Jun 2021 | 08:00 | Germany | CPI Final YY | May | 2.5% | Percent |
15 Jun 2021 | 08:00 | Germany | HICP Final MM | May | 0.3% | Percent |
15 Jun 2021 | 08:00 | Germany | HICP Final YY | May | 2.4% | Percent |
15 Jun 2021 | 08:00 | United Kingdom | Claimant Count Unem Chng | May | Person | |
15 Jun 2021 | 08:00 | United Kingdom | ILO Unemployment Rate | Apr | 4.7% | Percent |
15 Jun 2021 | 08:00 | United Kingdom | Employment Change | Apr | 150k | Person |
15 Jun 2021 | 08:00 | United Kingdom | Avg Wk Earnings 3M YY | Apr | 4.9% | Percent |
15 Jun 2021 | 08:00 | United Kingdom | Avg Earnings (Ex-Bonus) | Apr | 5.3% | Percent |
15 Jun 2021 | 08:45 | France | CPI (EU Norm) Final MM | May | 0.4% | Percent |
15 Jun 2021 | 08:45 | France | CPI (EU Norm) Final YY | May | 1.8% | Percent |
15 Jun 2021 | 10:00 | Italy | Consumer Prices Final MM | May | Percent | |
15 Jun 2021 | 10:00 | Italy | Consumer Prices Final YY | May | Percent | |
15 Jun 2021 | 10:00 | Italy | CPI (EU Norm) Final MM | May | 0.0% | Percent |
15 Jun 2021 | 10:00 | Italy | CPI (EU Norm) Final YY | May | 1.3% | Percent |
15 Jun 2021 | 12:00 | Euro Zone | Reserve Assets Total | May | EUR | |
15 Jun 2021 | 14:00 | New Zealand | Milk Auctions | 15 Jun, w/e | USD | |
15 Jun 2021 | 14:15 | Canada | House Starts, Annualized | May | 280.0k | Number of |
15 Jun 2021 | 14:30 | United States | NY Fed Manufacturing | Jun | 22.00 | Index |
15 Jun 2021 | 14:30 | United States | PPI Final Demand YY | May | 6.3% | Percent |
15 Jun 2021 | 14:30 | United States | PPI Final Demand MM | May | 0.6% | Percent |
15 Jun 2021 | 14:30 | United States | PPI exFood/Energy YY | May | 4.8% | Percent |
15 Jun 2021 | 14:30 | United States | PPI exFood/Energy MM | May | 0.6% | Percent |
15 Jun 2021 | 14:30 | United States | Retail Sales MM | May | -0.8% | Percent |
15 Jun 2021 | 14:30 | United States | Retail Sales Ex-Autos MM | May | 0.4% | Percent |
15 Jun 2021 | 14:30 | United States | Retail Control | May | 0.0% | Percent |
15 Jun 2021 | 15:15 | United States | Industrial Production MM | May | 0.6% | Percent |
15 Jun 2021 | 15:15 | United States | Capacity Utilization SA | May | 75.0% | Percent |
15 Jun 2021 | 16:00 | United States | Business Inventories MM | Apr | -0.1% | Percent |
15 Jun 2021 | 16:00 | United States | NAHB Housing Market Indx | Jun | 83 | Index |
16 Jun 2021 | 00:45 | New Zealand | Current Account - Qtrly | Q1 | -2.230B | NZD |
16 Jun 2021 | 00:45 | New Zealand | Current Account- Annual | Q1 | -6.680B | NZD |
16 Jun 2021 | 00:45 | New Zealand | Current Account/GDP | Q1 | -2.1% | Percent |
16 Jun 2021 | 01:50 | Japan | Machinery Orders MM | Apr | 2.7% | Percent |
16 Jun 2021 | 01:50 | Japan | Machinery Orders YY | Apr | 8.0% | Percent |
16 Jun 2021 | 01:50 | Japan | Exports YY | May | 51.3% | Percent |
16 Jun 2021 | 01:50 | Japan | Imports YY | May | 26.6% | Percent |
16 Jun 2021 | 01:50 | Japan | Trade Balance Total Yen | May | -91.2B | JPY |
16 Jun 2021 | 08:00 | United Kingdom | CPI MM | May | 0.3% | Percent |
16 Jun 2021 | 08:00 | United Kingdom | CPI YY | May | 1.8% | Percent |
16 Jun 2021 | 08:00 | United Kingdom | RPI MM | May | 0.2% | Percent |
16 Jun 2021 | 08:00 | United Kingdom | RPI YY | May | 3.2% | Percent |
16 Jun 2021 | 08:00 | United Kingdom | RPIX YY | May | Percent | |
16 Jun 2021 | 08:00 | United Kingdom | PPI Input Prices MM NSA | May | 1.1% | Percent |
16 Jun 2021 | 08:00 | United Kingdom | PPI Input Prices YY NSA | May | Percent | |
16 Jun 2021 | 08:00 | United Kingdom | PPI Output Prices MM NSA | May | 0.4% | Percent |
16 Jun 2021 | 08:00 | United Kingdom | PPI Output Prices YY NSA | May | 4.5% | Percent |
16 Jun 2021 | 08:00 | United Kingdom | PPI Core Output MM NSA | May | Percent | |
16 Jun 2021 | 08:00 | United Kingdom | PPI Core Output YY NSA | May | Percent | |
16 Jun 2021 | 09:00 | China (Mainland) | Urban Investment (YTD)YY | May | 16.9% | Percent |
16 Jun 2021 | 09:00 | China (Mainland) | Industrial Output YY | May | 9.0% | Percent |
16 Jun 2021 | 09:00 | China (Mainland) | Retail Sales YY | May | 13.6% | Percent |
16 Jun 2021 | 14:30 | United States | Building Permits: Number | May | 1.740M | Number of |
16 Jun 2021 | 14:30 | United States | Housing Starts Number | May | 1.630M | Number of |
16 Jun 2021 | 14:30 | United States | Import Prices MM | May | 0.7% | Percent |
16 Jun 2021 | 14:30 | Canada | CPI Inflation MM | May | 0.4% | Percent |
16 Jun 2021 | 14:30 | Canada | CPI Inflation YY | May | 3.5% | Percent |
16 Jun 2021 | 14:30 | Canada | CPI BoC Core YY | May | Percent | |
16 Jun 2021 | 14:30 | Canada | CPI BoC Core MM | May | Percent | |
16 Jun 2021 | 14:30 | Canada | Wholesale Trade MM | Apr | -0.9% | Percent |
16 Jun 2021 | 20:00 | United States | Fed Funds Tgt Rate | 16 Jun | 0-0.25 | Percent |
16 Jun 2021 | 20:00 | United States | Fed Int On Excess Reserves | 16 Jun | Percent | |
16 Jun 2021 | 23:00 | Brazil | Selic Interest Rate | 16 Jun | 4.25% | Percent |
17 Jun 2021 | 00:45 | New Zealand | GDP Prod Based QQ, SA | Q1 | 0.5% | Percent |
17 Jun 2021 | 00:45 | New Zealand | GDP Prod Based YY, SA | Q1 | 0.9% | Percent |
17 Jun 2021 | 00:45 | New Zealand | GDP Prod Based, Ann Avg | Q1 | -2.8% | Percent |
17 Jun 2021 | 00:45 | New Zealand | GDP Exp Based QQ, SA | Q1 | 0.5% | Percent |
17 Jun 2021 | 03:30 | Australia | Employment | May | 30.0k | Person |
17 Jun 2021 | 03:30 | Australia | Participation Rate | May | 66.1% | Percent |
17 Jun 2021 | 03:30 | Australia | Unemployment Rate | May | 5.5% | Percent |
17 Jun 2021 | 09:00 | Austria | HICP MM | May | Percent | |
17 Jun 2021 | 09:00 | Austria | HICP YY | May | Percent | |
17 Jun 2021 | 09:30 | Switzerland | SNB Policy Rate | Q2 | Percent | |
17 Jun 2021 | 10:00 | Norway | Key Policy Rate | 17 Jun | 0.00% | Percent |
17 Jun 2021 | 11:00 | Euro Zone | HICP Final MM | May | 0.3% | Percent |
17 Jun 2021 | 11:00 | Euro Zone | HICP Final YY | May | 2.0% | Percent |
17 Jun 2021 | 11:00 | Euro Zone | HICP-X F, E, A, T Final MM | May | 0.2% | Percent |
17 Jun 2021 | 11:00 | Euro Zone | HICP-X F,E,A&T Final YY | May | 0.9% | Percent |
17 Jun 2021 | 13:00 | Turkey | CBT Weekly Repo Rate | Jun | 19.00% | Percent |
17 Jun 2021 | 13:00 | Turkey | O/N Lending Rate | Jun | Percent | |
17 Jun 2021 | 13:00 | Turkey | O/N Borrowing Rate | Jun | Percent | |
17 Jun 2021 | 13:00 | Turkey | Late Liquidity Window Rate | Jun | Percent | |
17 Jun 2021 | 14:30 | United States | Initial Jobless Clm | 12 Jun, w/e | Person | |
17 Jun 2021 | 14:30 | United States | Cont Jobless Clm | 5 Jun, w/e | Person | |
17 Jun 2021 | 14:30 | United States | Philly Fed Business Indx | Jun | 31.0 | Index |
18 Jun 2021 | 01:30 | Japan | CPI, Core Nationwide YY | May | 0.1% | Percent |
18 Jun 2021 | 01:30 | Japan | CPI, Overall Nationwide | May | Percent | |
18 Jun 2021 | 08:00 | Germany | Producer Prices MM | May | 0.6% | Percent |
18 Jun 2021 | 08:00 | Germany | Producer Prices YY | May | 6.3% | Percent |
18 Jun 2021 | 08:00 | United Kingdom | Retail Sales MM | May | 1.8% | Percent |
18 Jun 2021 | 08:00 | United Kingdom | Retail Sales Ex-Fuel MM | May | 2.0% | Percent |
18 Jun 2021 | 08:00 | United Kingdom | Retail Sales YY | May | 29.2% | Percent |
18 Jun 2021 | 08:00 | United Kingdom | Retail Sales Ex-Fuel YY | May | 27.3% | Percent |
18 Jun 2021 | Japan | JP BOJ Rate Decision | 18 Jun | -0.10% | Percent |
(Refinitiv)
The market is trying to get back to the pre-Covid and pre-war times, but that model is broken. A new dawn is here and the financial world needs to adapt.
Steen Jakobsen,
Chief Investment Officer
A political switch in China towards less tough control of its people and companies may kick things back into gear.
Redmond Wong,
Market Strategist
While the economic situation in Europe may not be as bad as feared, there's still a plethora of things to fix.
Chris Dembik,
Head of Macroeconomic Research
As the world turns increasingly bipolar, equity markets face harsh times as they transition into the new reality.
Peter Garnry,
Head of Equity Strategy
New alliances and collaborations outside of China may lead to prosperous times in Asia.
Charu Chanana,
Market Strategist
For years, it was thought that the balanced portfolio was a thing of the past. But recent developments may have changed that.
Peter Siks,
Investment Coach
Following a dramatic and volatile 2022 with good returns, a lot of this year's commodity performance may be driven by Chinese politics.
Ole S. Hansen,
Head of Commodity Strategy
2023 could be a tough year for currencies but EUR and JPY may have some upside.
John J. Hardy,
Head of FX Strategy
The commodity-heavy Australian market may have a good start to 2023, as the Chinese focus on growth signals demand for Aussie resources.
Jessica Amir,
Market Strategist
From a near-perfect environment for speculative assets before 2022 to the opposite, crypto faces fundamental challenges.
Mads Eberhardt,
Cryptocurrency Analyst
