Italy May industry output -0.6% m/m, +1.8% y/y

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• UK Analysis: May Construction Output Fails To Bounce Back
• UK June producer output prices +0.1% m/m, +5.7% y/y
• UK Analysis: Jun Output Price Inflation Highest Since Oct 08
• Some AUD/USD info
• If you’re a weirdo who likes to trade AUD/JPY…..
• Banks that fail EU stress tests must submit capital plans by end September 2011 or sooner – EU doc
• Italy May industry output -0.6% m/m, +1.8% y/y
• ITALY DATA: May SA industrial output fell 0.6% m/m…
• EUR/USD gives ground
• Well………
• FRANCE DATA: Jan-May central govt deficit E68.37 up..
• Analysis:Bank of France Survey Flags Marked Economic Slowdown
• Bank of France trims forecast again for French Q2 growth
• Roll up, roll up……..
• Japan June Watchers’ Index Posts Biggest M/M Rise on Record
• German May trade surplus 12.8 bln
• GERMANY DATA: May seasonally adjusted trade surplus..
• JAPAN DATA: Japan’s money stock (M2) is expected to..
• UK John Lewis says weekly department store sales down 3.4%
• Swiss s.a jobless rate 3.0% in June

UK Analysis: May Construction Output Fails To Bounce Back Posted: LONDON (MNI) — Construction output rose slightly on the month in May following a sharp decline in April, but the weak outturn suggest the sector may not add to GDP growth in the second quarter. Construction output rose 0.4% on the month on a non-seasonally adjusted basis in May. Some analysts had been expecting to [...]

UK June producer output prices +0.1% m/m, +5.7% y/y Posted: Compared to Reuters median forecasts +0.1%, +5.6% respectively. Highest y/y rate since October 2008.

UK Analysis: Jun Output Price Inflation Highest Since Oct 08 Posted: –UK June Producer Output Prices +0.1% m/m; +5.7% y/y –UK June Core Output Prices +0.2% m/m; +3.2% y/y –UK June Producer Input Prices +0.4% m/m; +17% y/y LONDON (MNI) – Output price inflation rose to its highest level for more than two and half years in June with prices this month boosted by higher food [...]

Some AUD/USD info Posted: As you’re probably well aware, there’s 1.0800 barrier option interest in play at the moment. A major Swiss player is presently trying to protect said level apparently. We sit at 1.0780 having been as high as 1.0788 so far. Reports have buy stops gathering up in 1.0810/20 area.

If you’re a weirdo who likes to trade AUD/JPY….. Posted: Then you might be interested to know that there’s a barrier option in play at 87.75. We sit presently at 87.70.

Banks that fail EU stress tests must submit capital plans by end September 2011 or sooner – EU doc Posted: Once submitted, capitalisation plans to be implemented within a further 3 months or sooner Banks that come close to failing will be subject to “reinforced scrutiny” to protect against further capital deterioration If a failing bank presents no credible plan by deadline, its government to stand ready with steps to maintain fiscal stability If measures [...]

Italy May industry output -0.6% m/m, +1.8% y/y Posted: Worse than Reuters median forecasts of -0.1%, +2.2% y/y. Elsewhere, 10 year Italian/German govt bond yield spread 8 bps wider at euro era high of 228 bps.

ITALY DATA: May SA industrial output fell 0.6% m/m… Posted: ITALY DATA: May SA industrial output fell 0.6% m/m and rose 1.8% y/y in workday-adjusted terms, down from +3.8% y/y in April. The m/m result was the first decline since January 2011, and follows m/m gains of +1.1% in April, +0.7% in March and +1.4% in February. –May unadjusted y/y output rose 4.9%, up from [...]

EUR/USD gives ground Posted: Presently at 1.4320 having been as low as 1.4306. Sources report Eastern European names, primarily Russian, notable sellers in this latest sell-off. If it includes the Russian central bank you can bet your bottom dollar they’ll be taking their profit pretty darn quick, being the super jobbers that they are.

Well……… Posted: EUR/USD is showing a net gain of 5 pips in the three hours I’ve been sitting here. Probably time to shake things up. I think EUR/USD will continue to trade a very narrow range ahead of this afternoons’ US jobs report. In fact I’d stake my life on it. There, that should ensure we get [...]

FRANCE DATA: Jan-May central govt deficit E68.37 up.. Posted: FRANCE DATA: Jan-May central govt deficit E68.37 bln, up E470 mln y/y - Deficit boosted by one-off effects, says Budget Ministry - Jan-May govt outlays -3.0% y/y; revenues +6.3% y/y

Analysis:Bank of France Survey Flags Marked Economic Slowdown Posted: PARIS (MNI) – French economic activity is likely to remain subdued in the near term, with industry stagnant and the services losing steam, the Bank of France said Friday, citing the results of its monthly business survey. The central bank revised down yet again its projection for GDP growth in 2Q to show a marked [...]

Bank of France trims forecast again for French Q2 growth Posted: To +0.2% from previous +0.4%.

Roll up, roll up…….. Posted: Time’s a wastin. Hit this link if you want to give yourself the chance to win a fab Forexlive t-shirt.

Japan June Watchers’ Index Posts Biggest M/M Rise on Record Posted: – Japan June Watchers’ Current Index 49.6 Vs May 36.0 – Japan Watchers’ Current Index Posts 3rd M/M Rise in Row – Japan June Watchers Forward-Looking Index 49.0 Vs May 44.9 – Japan Govt Says Economy Showing Some Recovery Moves – Japan Tohoku Area June Watchers Current Index 52.8 Vs May 35.7 – Japan Tohoku [...]

German May trade surplus 12.8 bln Posted: Better than Reuters’ median forecast of 12.0 bln.

GERMANY DATA: May seasonally adjusted trade surplus.. Posted: GERMANY DATA: May seasonally adjusted trade surplus was E12.8 billion, after a revised E11.9 billion surplus in April (from E12.0 billion). – For more details see MNI MainWire.

JAPAN DATA: Japan’s money stock (M2) is expected to.. Posted: JAPAN DATA: Japan’s money stock (M2) is expected to have risen 2.8% y/y in June, slightly accelerating from +2.7% in both April and May, and showing the highest gain since +2.8% marked in October 2010, according to the median forecast by economists surveyed by Market News International. Bank loans, which have a major impact on [...]

UK John Lewis says weekly department store sales down 3.4% Posted: Well ofcourse. Who has any money to buy anything? Cable has traded marginally easier in Asia, presently down at 1.5950 from a North American close Thursday up around 1.5975. UK data today: 08;30 GMT: PPI input prices expected -0.1% m/m, +16.1% y/y; output prices +0.1% m/m, +5.5% y/y; core output prices +0.2% m/m, +3.3% y/y Barrier [...]

Swiss s.a jobless rate 3.0% in June Posted: In line with the median forecast.