Morning Markets: FTSE muted as May sweeps in
- Eurozone: Industrial Production (0900 GMT)
- US: Atlanta Fed Business Inflation Expectations (1400 GMT)
- The NZ Food Price Index showed food prices in the 12 months to June fell by 0.5%
- Australia's Westpac MI confidence survey for July saw consumer sentiment dropping 3%
- The country's close election and Brexit were key contributors to its fall to 99.1
- The iron-ore price rose nearly 7% overnight to $59.38/tonne
- Asia markets advanced, extending a global rally
- Banks and miners pulled ASX200 higher on iron ore and oil rallies before gains trimmed
- ASX200 was up 0.5% at 0600 GMT
- Japanese shares continued to climb
- Nikkei 225 was up 1.3% at 0500 GMT
- AUD traded above 0.76 but had lost 0.21% at 0600 GMT
- The dollar eased against the yen
- USDJPY was down 0.49% to 104.22 at 0600 GMT
From the Floor
Safe as houses? “We saw a massive deceleration in the UK RICS house price index for May pre-Brexit and today’s report for June will be interesting”, says Hardy.
Gold’s support. “Gold remains in good health as long as it stays above the $1,300/oz area”, says Hansen.
Get all the latest from Saxo Bank's trading floors in From the Floor, within the hour.
The Eurozone's industrial sector is in focus with the consensus forecast expecting May's output to fall 0.8% in monthly terms – a hefty reversal after April’s 1.1% rise, writes James Picerno.
Japanese stocks are recovering from their post-Brexit woes, writes the Saxo APAC Sales Trading Team
Australian shares were buoyed by the rallies in iron ore and oil prices overnight, writes the team at Saxo Capital Markets (Australia)
Morning Markets goes out on the TradingFloor platform at 0700 GMT, Monday to Friday.
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