Kui USA turud jäävad suletuks ei ole erilist aktiivsust loota ka mujal maailmas. Päev jäi seetõttu eile Euroopas vaikseks, kui Stoxx600 sulgus sisuliselt muutumatuna. Kerget müüki said siiski Hispaania ja Itaalia börsid, kus indeksid alanesid 0,7-0,8%.
Makrost olid Euroopast tähelepanu all teenindussektori PMId. Üldiselt on just teenindussektor töötlevast tööstusest paremini vastu pidanud, kuid näiteks Suurbritannias ja Saksamaa oli pilt vastupidine. UK PMI alanes juunis kahe punkti võrra 51,3 punkti peale (oodati 52,9) ja Saksamaa esialgne näit revideeriti 0,4 punkti võrra allapoole 49,9 peale (mais 51,8). Prantsusmaa oma revideeriti 0,6 punkti võrra kõrgemale 47,9 peale (mais 45,1) ja Itaalia näitaja kerkis 0,3 punkti võrra 43,1 peale. Kogu eurotsooni teenindussektori PMI revideeriti tänu Prantsusmaale ja perifeeriale 0,3 punkti võrra kõrgemale 47,1 punkti peale. Kuigi mais oli vastav näitaja 46,7, siis üle Euroopa jäävad indeksid siiski suhteliselt pehmeks.
Teenindussektori PMId - Suurbritannia (oranž), Saksamaa (valge), Prantsusmaa (kollane), Itaalia (roheline) 
Kullipilguga jälgitakse täna Euroopa Keskpanga intressimäära otsust. Kuigi eelmisel korral otsustati baasmäär samaks jätta, siis Draghi sõnul ei olnud otsus üksmeelne, vaid juba leidus hääletajaid, kes soovisid intressi langetada. Kuna makro poolel on pilt pigem muutunud halvemaks, siis seetõttu on kasvanud ka nende arvajate osakaal, kes prognoosivad tänaselt kohtumiselt refinantseerimismäära 25 baaspunktist kärbet ja võib-olla langetust ka deposiidi määras. Pressikonverentsil võib kuumaks teemaks olla läinud reede ELi tippkohtumine ja seal vastu võetud otsused ning EKP võimalik sekkumine taas riigivõlakirja turgudel.
QE programmi suurendamisele oli eelmisel korral lähedal ka Inglise keskpank ning võttes arvesse liikmete suhteliselt negatiivseid sõnavõtte majanduse teemal pärast eelmist kohtumist, siis tõenäosus antud otsuse vastuvõtmiseks on viimase kuuga kahtlemata kasvanud. Võimalik, et seda võidakse edasi lükata ka augustisse, mil inflatsiooniraporti raames Suurbritannia majanduse väljavaatest põhjalikum analüüs tehakse.
Lisaks keskpankade otsustele võib makrost veel tähelepanu köita Saksamaa tehaste tellimused, USA ADP tööturu küsitlus, esmakordsete töötu abiraha taotluste arv ning teenindussektori ISM.
13.00 Saksamaa tehaste tellimused (juuni)
14.00 Inglise keskpanga otsus
14.45 Euroopa keskpanga otsus, 15.30 pressikonverents
15.15 USA ADP küsitlus (juuni)
15.30 USA esmaste töötu abiraha taotluste arv
17.00 USA teenindussektori ISM (juuni)
USA indeksite kauplevad hetkel 0,3% jagu punases, Euroopa on alustamas nulli lähedal. 
Troika saabub täna taas Kreekasse vaatamaks seda, kas riik täidab laenudega paika pandud nõudeid. Eile meediast läbi jooksnud uudiste kohaselt on maksude kogumine kulgemas arvatust kehvemini ning see tingib maha jäämise eelarve defitsiidi eesmärkides. Väidetavalt võib troika nõuda seetõttu 2 miljardi euro ulatuses täiendavaid kärpeid.
Enne kui ESM saab hakata otse Euroopa pankasid vajadusel rekapitaliseerima tuleb luua üleeuroopaline järelvalvesüsteem, mida hakkab juhtima EKP. WSJ kirjutab täna, et plaani realiseermine aasta lõpuks võib olla liiga ambitsioonikas eesmärk:
"There is a pressure to move ahead relatively quickly," said one senior finance official from a euro-zone country. He added that even under the best of circumstances, getting the supervisor up and running would take nine to 12 months.
Lisaks kardab Bundesbank, et EKP-l võib tekkida huvide konflikt ning pankade järelvalve hakkab segama keskpanga peamise mandaadi täitmist, milleks on inflatsiooni ohjamine.
But skeptics, led by Germany's central bank, worry that a supervisory role would make it harder for the ECB to achieve its primary function: maintaining price stability. The Bundesbank—which already supervises German banks along with the country's bank regulator BaFin—sees a potential conflict between supervision and monetary policy, said a person familiar with the matter.
"There is a pressure to move ahead relatively quickly," said one senior finance official from a euro-zone country. He added that even under the best of circumstances, getting the supervisor up and running would take nine to 12 months.
Lisaks kardab Bundesbank, et EKP-l võib tekkida huvide konflikt ning pankade järelvalve hakkab segama keskpanga peamise mandaadi täitmist, milleks on inflatsiooni ohjamine.
But skeptics, led by Germany's central bank, worry that a supervisory role would make it harder for the ECB to achieve its primary function: maintaining price stability. The Bundesbank—which already supervises German banks along with the country's bank regulator BaFin—sees a potential conflict between supervision and monetary policy, said a person familiar with the matter.
Hispaanial on raskusi käesoleva ja järgmise aasta eelarve defitsiidi eesmärgi saavutamisega mistõttu on valitsus väidetavalt planeerimas 30 miljardi euro ulatuses täiendavaid maksutõstmisi ja kärpemeetmeid (3% SKTst). Paratamatult tähendab see täiendavat survet majandusele ning ohtu, et satutakse koledasse nõiaringi. Reutersi vahendusel võib lugeda pikemalt.
Running over several years, the programme could involve raising Spain's main consumer tax, a new energy levy, reforms to the pension system, pay cuts for civil servants, new motorway tolls and another drastic reduction in ministry and regional spending, the sources said.
Some measures may be announced next week, when the EU is likely to grant the government an extra year to cut its deficit below 3 percent of output, and others could be presented over the summer and included in a multi-year budget plan due to be prepared in August.
Running over several years, the programme could involve raising Spain's main consumer tax, a new energy levy, reforms to the pension system, pay cuts for civil servants, new motorway tolls and another drastic reduction in ministry and regional spending, the sources said.
Some measures may be announced next week, when the EU is likely to grant the government an extra year to cut its deficit below 3 percent of output, and others could be presented over the summer and included in a multi-year budget plan due to be prepared in August.
Hispaania müüs ca €3 miljardi väärtuses 3, 5 ja 10-aastaseid võlakirju. Kõikide tähtaegade korral ületas nõudlus pakkumist vähemalt kaks korda, kuid võla hind langes vaid 3-aastaste võlakirjade puhul.
Spain sells EUR 1.24bln 4.00% Jul'15 bonds, bid/cover 2.28, Prev. 3.18 (Yield 5.086%, Prev. 5.457%)
Spain sells EUR 1.01bln 4.25% Oct'16 bonds, bid/cover 2.56, Prev. 2.56 (Yield 5.536%, Prev. 5.353%)
Spain sells EUR 747mln 5.85% Jan'22 bonds, bid/cover 3.18, Prev. 3.29 (Yield 6.430%, Prev. 6.044%)
Spain sells EUR 1.24bln 4.00% Jul'15 bonds, bid/cover 2.28, Prev. 3.18 (Yield 5.086%, Prev. 5.457%)
Spain sells EUR 1.01bln 4.25% Oct'16 bonds, bid/cover 2.56, Prev. 2.56 (Yield 5.536%, Prev. 5.353%)
Spain sells EUR 747mln 5.85% Jan'22 bonds, bid/cover 3.18, Prev. 3.29 (Yield 6.430%, Prev. 6.044%)
EURUSD on langenud juulikuu põhjadesse $1,25 tasemeni.
Saksamaa tehaste tellimused oodatust paremad....aasta baasil näidati mais küll -5,4% langust, kuid analüütikud ootasid -6,0% kukkumist.
Bank of England leaves rates unchanged at 0.5%; asset purchase program expanded by GBP 50 bln, as expected
Hiina keskpank langetas intressi 31 baaspunkti võrra 6% peale
Järgmise nädala reedel saabuvad Hiina SKT Q2 numbrid, mida tänase intressi langetamise valguses ilmselt kardetakse nüüd natuke rohkem. Aga täpselt sama case oli juunis enne oluliste majandusnäitajate avaldamist. Hiljem aga selgus, et midagi hullu kasvu osas siiski aset ei leidnud.
European Central Bank cuts rates 25 bps to 0.75%, as expected
Lisaks langetas ECB deposiidimäära 0% peale.
EURUSD esialgse reaktsiooni tulemusena tugeva surve all, kaubeldes 0,45% miinuspoolel $1,2470 juures.
EURUSD esialgse reaktsiooni tulemusena tugeva surve all, kaubeldes 0,45% miinuspoolel $1,2470 juures.
Headlines crossing that new Greek FinMin Stournaras says Troika lenders have told him he will have a difficult time at Eurogroup meeting on Monday. Greek program is off track in some respects.
SSS numbrid siiani kõik alla ootuste
Zumiez Inc reports Jun same store sales +8.2%% vs +8.6% Retail Metrics consensus
Walgreen reports Jun same store sales -10.0% vs -7.7% Retail Metrics consensus
Macy's reports Jun same store sales +1.2% vs +2.3% Retail Metrics consensus; reaffirms FY12 guidance
Target reports Jun same store sales +2.1% vs +2.8% Retail Metrics consensus; reaffirms Q2 EPS guidance
Gap reports Jun same store sales 0.0% vs +0.3% Retail Metrics consensus
Fred's reports Jun same store sales -4.0% vs +0.3% Retail Metrics consensus; sees Q2 EPS at lower end of projected range
Zumiez Inc reports Jun same store sales +8.2%% vs +8.6% Retail Metrics consensus
Walgreen reports Jun same store sales -10.0% vs -7.7% Retail Metrics consensus
Macy's reports Jun same store sales +1.2% vs +2.3% Retail Metrics consensus; reaffirms FY12 guidance
Target reports Jun same store sales +2.1% vs +2.8% Retail Metrics consensus; reaffirms Q2 EPS guidance
Gap reports Jun same store sales 0.0% vs +0.3% Retail Metrics consensus
Fred's reports Jun same store sales -4.0% vs +0.3% Retail Metrics consensus; sees Q2 EPS at lower end of projected range
ADP sisendab reedese tööjõuraporti osas lootust, kuid ei ole alati kõige adekvaatsem prognoosimisvahend olnud
June ADP Employment Change 176K vs 105K Briefing.com consensus; Prior 133K
June ADP Employment Change 176K vs 105K Briefing.com consensus; Prior 133K
Headline that Germany's Merkel says decision on European banking surpervision is urgently required as shown by Spanish banks
Gapping up
Metals/mining stocks trading higher: KGC +2%, RIO +1.9%, BHP +1.4%, GG +1.2%, SVM +0.7% (reports independent mineral resource estimates on Silvertip Silver-Lead-Zinc property in northern British Columbia, Canada), GOLD +0.6%, GDX +0.4%, BBL +0.3%.
Other news: PCX +14.1% (still checking), OSUR +12.4% (OraSure Tech confirms it has received FDA approval for OraQuick In-Home HIV test), CHTP +6.9% (modestly rebounding), MLNX +4.8% (still checking), SXCI +4.3% (closed CHSI merger earlier this week), PHMD +4.2% (still checking, announced earlier this week settlement of all litigation with TRIA), AH +4.1% (light volume, Accretive Health disclosed earlier that the co and Ascension Health are in the process of finalizing the terms for an expected five year renewal of the Amended and Restated Master Services Agreement dated as of Dec 13, 2007), ELN +3.3% (still checking).
Analyst comments: YNDX +0.9% (upgraded to Buy from Neutral at BofA/Merrill).
Metals/mining stocks trading higher: KGC +2%, RIO +1.9%, BHP +1.4%, GG +1.2%, SVM +0.7% (reports independent mineral resource estimates on Silvertip Silver-Lead-Zinc property in northern British Columbia, Canada), GOLD +0.6%, GDX +0.4%, BBL +0.3%.
Other news: PCX +14.1% (still checking), OSUR +12.4% (OraSure Tech confirms it has received FDA approval for OraQuick In-Home HIV test), CHTP +6.9% (modestly rebounding), MLNX +4.8% (still checking), SXCI +4.3% (closed CHSI merger earlier this week), PHMD +4.2% (still checking, announced earlier this week settlement of all litigation with TRIA), AH +4.1% (light volume, Accretive Health disclosed earlier that the co and Ascension Health are in the process of finalizing the terms for an expected five year renewal of the Amended and Restated Master Services Agreement dated as of Dec 13, 2007), ELN +3.3% (still checking).
Analyst comments: YNDX +0.9% (upgraded to Buy from Neutral at BofA/Merrill).
Euro juba 1% miinuses $1,24 tasemel.
Initial Claims 374K vs 385K Briefing.com consensus, Prior revised to 388K from 386K
Continuing Claims rises to 3.306 mln from 3.302 mln
Continuing Claims rises to 3.306 mln from 3.302 mln
Gapping down
In reaction to disappointing earnings/guidance: AMBO -8.2%, (thinly traded), BKE -3.5% (ticking lower), TGT -3.3% (reports Jun same store sales +2.1% vs +2.8% Retail Metrics consensus; reaffirms Q2 EPS guidance), COST -1.7%, WAG -1.7% (to acquire USA Drug Pharmacy Chain in Mid-South; transaction will not have a material impact on EPS in FY12), M -1.1% (reaffirms FY12 guidance).
A few financial related names showing weakness: RBS -2.5%, BBVA -1.8%, SAN -1.5%, DB -1.4%, BCS -1.3% (Barclays PLC: S&P revised Barclays Bank Outlook To Negative On CEO Departure And Strategic Uncertainties; 'A+/A-1' Ratings Affirmed).
Select drug stocks trading lower: SNY -1.4%, NVS -1.4%, NVO -1.2%.
Other news: STO -2.6% (Statoil ASA preparing to halt production after notice of lockout), LIVE -2.2% (modestly pulling back), SDRL -1.8% (still checking), .
Analyst comments: VE -5.1% (Veolia Environment downgraded to Sell from Neutral at UBS ), AEG -2.7% (downgraded to Hold from Buy at ING Group).
In reaction to disappointing earnings/guidance: AMBO -8.2%, (thinly traded), BKE -3.5% (ticking lower), TGT -3.3% (reports Jun same store sales +2.1% vs +2.8% Retail Metrics consensus; reaffirms Q2 EPS guidance), COST -1.7%, WAG -1.7% (to acquire USA Drug Pharmacy Chain in Mid-South; transaction will not have a material impact on EPS in FY12), M -1.1% (reaffirms FY12 guidance).
A few financial related names showing weakness: RBS -2.5%, BBVA -1.8%, SAN -1.5%, DB -1.4%, BCS -1.3% (Barclays PLC: S&P revised Barclays Bank Outlook To Negative On CEO Departure And Strategic Uncertainties; 'A+/A-1' Ratings Affirmed).
Select drug stocks trading lower: SNY -1.4%, NVS -1.4%, NVO -1.2%.
Other news: STO -2.6% (Statoil ASA preparing to halt production after notice of lockout), LIVE -2.2% (modestly pulling back), SDRL -1.8% (still checking), .
Analyst comments: VE -5.1% (Veolia Environment downgraded to Sell from Neutral at UBS ), AEG -2.7% (downgraded to Hold from Buy at ING Group).