The Traderszone Network

U.K.

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Data from China earlier today () may prompt the People’s Bank of China to lower rates and the RRR in order to support economic growth
here
– Commerzbank say growth could be as low as 6.5% in Q2

More comments following the China data dump a little earlier
Spokesma for China’s NBS comments along the usual lines, economy facing uncertainties, exports facing weak weak global demand. The usual sort of stuff from him

After a day heavy with tragedy, Broadway stars arrived at the Beacon Theater for the 70th Annual Tony Awards on Sunday night wearing silver ribbons in honor of the victims of the mass shooting in Orlando.
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Lend me some Suga, I am your neighbour!
(bonus points if you get the song reference)
– Comments from Japan’s chief cabinet secretary Suga:
– Aware of “very volatile” moves in Japan stocks, long-term interest rates and forex
More:

FX, equity, and bond markets are in turmoil as Asian markets begin trading with Japan ugly, Sterling getting spanked, China devaluing FX (stocks down hard), and crude ($48 handle) and US equity futures (Dow -70) extending losses (as bond markets are all tumbling to record low yields). The hangover from further brexit concerns is not helped by the weakness in Japanese and Chinese data tonight.

First Japanese manufacturing data was a disaster…

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May Industrial Production 6.0% y/y
– expected is 6.0%, prior was 6.0%
May industrial production YTD 5.9% y/y
– expected is 5.9%, prior was 5.8%
May Fixed Assets (excluding rural) YTD y/y, 9.6%