This report provides a market overview ahead of key economic data releases, including US nonfarm payrolls and Canadian GDP. It highlights rising geopolitical tensions and central bank communications as major market themes.
Key Takeaways
- 1.Tensions in the US-Iran MOU have driven oil prices up, while bond yields have moved slightly higher.
- 2.The ECB annual Sintra forum commences, with significant policy panel discussions featuring central bank leaders expected on Wednesday.
- 3.Market focus is on upcoming labor market data, specifically the US nonfarm payrolls for June.
Table of Contents
- KEY POINTS
- US-IRAN MOU ON THIN ICE
- SPANISH CORE CPI WAS AMONG THE WARMEST JUNE READINGS ON RECORD
- LAGARDE TO KICK OFF SINTRA, WITH WARSH, MACKLEM, AND BAILEY ON TAP
- GLOBAL WEEK AHEAD PREVIEWS
- NONFARM PREVIEW
- CANADIAN GDP—TRACKING THE REBOUND
- EZ CPI—DID SPAIN OFFER A MISLEADING SIGNAL?
- CHINA'S PMIS—SLOW GRIND CONTINUES
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Authors
Derek Holt
Securities
WTI CrudeS&P 500
Themes
Central bank policy normalizationGeopolitical instability (US-Iran)US Labor Market resilience
Regions
GlobalEuropeUnited StatesCanadaSpain