apan May Machine Orders +3.0%, 1st Rise In 2 Mo

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• Analysis:EMU Jobless Ticked Up In May;Rate Stable,As Expected
• EMU DATA: Unemployment was unchanged at 9.9% in May..
• UK Manufacturing Growth Slows Again In June: CIPS/Markit
• BOE Miles: Basel Capital Requirements Not Hard To Meet – WSJ
• Euro zone May unemployment 9.9%
• UK manufacturing PMI for June 51.3
• A little birdy told me……..
• JAPAN DATA: Sales at major Japanese department to….
• Italian May adj unemployment rate 8.1%
• German manufacturing PMI for June (final) 54.6
• French manufacturing PMI for June (final) 52.5
• Weber Seeks Bundesbank’s Approval For Move To UBS: Die Welt
• Italian manufacturing PMI for June 49.9
• Sexual Assault Case Against Strauss-Kahn Unraveling: Press
• U.S. Treasury’s Geithner Considering Stepping Down Soon: WSJ
• Swiss SVME purchasing managers index 53.4 in June
• Spain June manufacturing PMI 47.3
• FRANCE DATA: June new car registrations down 12.6%…
• Pop goes the weasel
• MNI Survey: Japan May Machine Orders +3.0%, 1st Rise In 2 Mo

Analysis:EMU Jobless Ticked Up In May;Rate Stable,As Expected Posted: May preliminary: 9.9% MNI survey median: 9.9% MNI survey range: 9.8% to 9.9% Previous: 9.9% Apr, 9.9% Mar, 10.0% Feb, 10.0% Jan, 10.0% Dec, 10.1% Nov PARIS (MNI) – Eurozone unemployment edged back up in May for the first in seven months, but not enough to impact the jobless rate, which stabilized at April’s 20-month [...]

EMU DATA: Unemployment was unchanged at 9.9% in May.. Posted: EMU DATA: Unemployment was unchanged at 9.9% in May as expected, Eurostat reported on Friday. – For more information, please see MNI Mainwire

UK Manufacturing Growth Slows Again In June: CIPS/Markit Posted: LONDON (MNI) – UK manufacturing sector growth slowed further in June, the CIPS/Markit survey published Friday showed. The CIPS Manufacturing Purchasing Managers Index (PMI), a composite index measuring manufacturing activity, came in at 51.3 in June, down from a revised 52.0 in May, hitting its lowest level since September 2009. The outturn was below analysts’ [...]

BOE Miles: Basel Capital Requirements Not Hard To Meet – WSJ Posted: LONDON (MNI) – Concerns that major banks will find it difficult to meet new Basel III capital equity requirements are “unwarranted”, according to Bank of England Monetary Policy Committee member David Miles. “Although the new rules might mean equity capital is substantially higher, it will not mean it is high in an absolute sense,” Miles [...]

Euro zone May unemployment 9.9% Posted: Unchanged from April and as expected.

UK manufacturing PMI for June 51.3 Posted: Worse than Reuters median forecast of 52.1. Who would have thunk it? Round of applause for that little birdy Cable down at 1.6025. Ker-ching!!!

A little birdy told me…….. Posted: That their bank is expecting UK manufacturing PMI for June(due 08:30 GMT) to come in at 51.5. The general market consensus is looking for a read of 52.3, up marginally from 52.1 in May. I have some respect for the bank in question, so will be interesting to see what the actual outcome is.

JAPAN DATA: Sales at major Japanese department to…. Posted: JAPAN DATA: Sales at major Japanese department stores continued to grow on year in June, as the drag from the March 11 disaster is easing. Sales at J. Front Retailing, which owns Daimaru and Matsuzakaya stores, rose 4.3% on year in June, improving from +1.4% in May. Sales at Isetan Mitsukoshi Holdings rose 4.6% in [...]

Italian May adj unemployment rate 8.1% Posted: In line with median forecast.

German manufacturing PMI for June (final) 54.6 Posted: Down from flash estimate of 54.9. Euro zone manufacturing PMI 52.0 (final), in line with flash estimate.

French manufacturing PMI for June (final) 52.5 Posted: In line with flash estimate.

Weber Seeks Bundesbank’s Approval For Move To UBS: Die Welt Posted: FRANKFURT (MNI) – Former Bundesbank President Axel Weber has asked the German central bank to approve his plan to join the supervisory board of Swiss bank UBS, a German newspaper reported Friday. Die Welt said that Weber submitted the request last Thursday and would like to join UBS in May 2012. The Bundesbank, which Weber [...]

Italian manufacturing PMI for June 49.9 Posted: Down from 52.8 in May and below median forecast of 50.6. Lowest read since October 2009.

Sexual Assault Case Against Strauss-Kahn Unraveling: Press Posted: –DSK In Hearing Friday To Seek Release On His Own Recognizance PARIS (MNI) – The sexual assault case against former International Monetary Fund chief Dominique Strauss-Kahn is unraveling and criminal charges against him could soon be dropped, the New York Times reported early Friday morning. Strauss-Kahn will return to court in New York City today [...]

U.S. Treasury’s Geithner Considering Stepping Down Soon: WSJ Posted: FRANKFURT (MNI) – U.S. Treasury Secretary Timothy Geithner is contemplating resigning from his position, the New York Times reported late Thursday without identifying the source of the information. The paper said that Geithner, who was confirmed by the Senate in January 2009, told President Barack Obama that he might step down soon after an agreement [...]

Swiss SVME purchasing managers index 53.4 in June Posted: Well below median forecast of 57.8. Swissy little weaker in wake of numbers, EUR/CHF up at session high 1.2275.

Spain June manufacturing PMI 47.3 Posted: Down from 48.2 in May and below median forecast of 48.0. Lowest read since January 2010. Oh eh.

FRANCE DATA: June new car registrations down 12.6%… Posted: FRANCE DATA: June new car registrations down 12.6% y/y in nominal terms, down 3.9% y/y workday-adjusted - 1H nominal registrations +1.0% y/y; workday-adjusted +0.2% y/y

Pop goes the weasel Posted: Barrier option interest in EUR/USD at 1.4550 is now history. We’ve been to 1.4552, presently at 1.4542. Talk of buy stops now through 1.4555.

MNI Survey: Japan May Machine Orders +3.0%, 1st Rise In 2 Mo Posted: – See Separate Table For Details Of Individual Forecasts TOKYO (MNI) – Japan’s core private-sector machinery orders appear to have posted the first month-on-month rise in two months in May, up by a seasonally adjusted 3.0% after falling 3.3% in April, according to the median forecast of economists surveyed by Market News International. The Cabinet [...]