Throw in Friday's looming release of the Federal Reserve's favoured PCE inflation gauge and an ongoing slide in Japan's yen and China's yuan and it's a...
Euro, Hong Kong dollar, U.S. dollar, Japan ese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustrationGlobal investors head to the half-year point this week trying to get across numerous political narratives, a hiccup in tech and a reopening of the transatlantic gap in business activity.
So far on Monday at least, the electoral anxiety hasn't disturbed too much in markets. European stocks pushed higher, Britain's FTSE was up and U.S. stock futures were marginally positive ahead of the bell. The VIX volatility gauge has crept to its highest of the month, however. What's more, the hesitant business move in Europe was underlined on Monday as Germany's Ifo institute showed business morale falling unexpectedly. Ifo's business climate index sank to 88.6 in June from 89.3 in May, compared with a reading of 89.7 forecast.
A summary of opinions at the BOJ's June policy meeting, meantime, showed some policymakers called for raising interest rates in a timely fashion as they saw a risk of inflation overshooting expectations.
Mike Dolan Global Markets Japan Bank Of Japan
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