Daily Briefing: - Boris Johnson keeps low profile, as prime minister hopefuls make their Brexit case - Upcoming EU summit where leaders will decide who will run key institutions - Greek PM Tsipras may consider sanctions against Turkey in gas row
on Friday, after above-forecast U.S. industrial production and core retail sales readings for May, as well as upbeat consumer confidence soundings.
With traders eyeing the European Central Bank’s annual showpiece conference in Sintra, Portugual, on Monday, euro/dollar continued to test $1.12 on the downside.European sovereign debt yields ticked higher in sympathy with the backup in U.S. short-date yields; 10-year U.S. Treasury yields rose above 2.10%., with Hong Kong’s Hang Seng recovering more than 0.
MSCI’s emerging- markets equity index was down for the fourth straight day and its emerging-market currency index was lower, too. China’s offshore yuan weakened, but remained within recent ranges. The lira is likely to be on tenterhooks this week as investors await the controversial re-run of the Istanbul mayoral election this weekend.
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