Good Morning,


– Euro tries to stay above 1.30 level…


– Asian shares: Japan’s Nikkei 1.28%, Hong Kong’s Hang Seng close, Korea’s Kospi -0.41%, Australia’s ASX 200 close and China’s Shanghai 0.81%.


– Greece and its international lenders resume talks to unlock 8.1 billion euros ($10.5 billion) of rescue loans on Monday after a two-week break in which the government almost collapsed over bailout-related firings at state broadcaster ERT.


– BBC ask Carney, who takes over from Sir Mervyn King today, to help sustain economic recovery by supporting small enterprises. Business leaders urged Mark Carney on Sunday to back a £1bn investment bank at his first meeting as governor of the Bank of England to kickstart lending to small businesses. The British Chamber of Commerce (BCC) also called on Carney, to inject further funds into the economy as part of its quantitative easing (QE) programme to maintain the UK’s fragile recovery.


– Fitch Ratings has downgraded Cyprus’s Long-term local currency Issuer Default Rating (IDR) to ‘RD’ (‘Restricted Default’) from ‘CCC’ following confirmation from the Cypriot government that the exchange of a number of domestic law government bonds has been completed.


– Fitch affirms United States at ‘AAA’, outlook remains negative.


– Fed’s Lacker says Sept meeting is possible time for taper but depends on data.


– Canada’s GDP grew at 0.1 per cent in April on Friday, the fourth month of growth in a row, with service industries behind much of the growth.


– Japanese manufacturers’s sentiment has turned positive for the first time in nearly two years, the Bank of Japan’s Tankan survey has indicated. The big manufacturers’ index rose to plus-4 in the April-to-June period, from minus-8 in the previous quarter.


– China’s manufacturing expanded at the slowest pace in four months in June as a cash squeeze in the banking system reduced the flow of credit to companies. The Purchasing Managers’ Index was at 50.1. Weaker gains in manufacturing and a cash squeeze in the banking system add to odds that Li Keqiang will become the first premier to miss an annual growth target since the Asian financial crisis in 1998.


– Australian PMI: Manufacturing nudges growth in June. The manufacturing sector nudged growth, according to the latest Manufacturing Index which recorded 49.6 – up 5.8 points from the previous month.


– Watch this week: US (Nonfarm Payrolls, ADP, ISM,Trade Balance, Factory Orders), Europe (ECB, BoE, EZ CPI, -PMI, UK PMI, Ger Factory Orders).


– Watch today: Europe PMI & inflation, US manufacturing ISM.


Have a nice Week !