Q1 2016 Eurozone wage and labour costs data 17 June 2016 Q1 labour costs 1.7% vs 1.3% prior Alongside falling unemployment we're seeing wages and costs starting to creep up. Maybe the next ECB move will be to taper QE ;-) Q1 2016 Eurozone labour costs...

Reuters reporting SocGen have sent a letter to clients to warn about possible gaps in pricing and liquidity surrounding the UK referendum vote. After the SNB they've got good reason to be cautious over what is a huge event...

Italy April trade balance total now published 17 June 2016 prev revised down from €+5.365bln EU trade balance €+918m vs 1,19bln prev revised down from €+1.331bln...

Latest Eurozone current account data from the ECB 17 June 2016 prev revised down from €+27.3bln NSA €+34.0bln vs €+31.3bln prev revised down from €+32.3bln direct investment inflow €10.7bln vs +€12.6bln prev portfolio investment inflow €+118.1 bln vs +9.9bkn prev...

Yesterday's tragic murder of UK MP Jo Cox leaves many reverberations 17 June 2016 Let no one underestimate the impact of this truly awful event but let's not jump to any conclusions as to why it happened. Conspiracy theorists have no place in these discussions...

Positive start for European equities on the official opening 17 June 2016 FTSE +0.7% DAX +0.7% CAC40 +0.6% FTMIB +0.7...

Final Q1 release of French wages data now out 17 June 2016 qq +0.5% as exp/flash Out a few moments ago. Posting for info...

European equities showing gains ahead of the official opening 17 June 2016 DAX futures +0.9% CAC40 +1.1% FTSE +0.5% Bund futures down 39 at 165.06...

Positive session but not one-way traffic for Japanese equities 17 June 2016 +165.52 open 15631.79 high 15774.87 low 15582.94...

After opening higher the Nikkei has now fallen to post new session lows 17 June low 15582.26 a few moments ago currently 15,606.17 session still in positive territory +167.92, +1.09% USDJPY not faxed by the new lows and currently 104.24 after earlier AUDPY-led lows of 104.12...

USDJPY and other yen pairs have had another kick lower 17 June 2016 Eamonn reported on the move a short while ago and I'm now hearing the AUDJPY selling was a prime mover with an AUD 300m order going through in thin conditions. AUDJPY has fallen from 77.40 to 76.85 with AUDUSD down to 0...

Your economic data/event calendar for today 17 June Greetings one and all. Tragic news out of the UK to put a lot of things in perspective. We live in extremely fragile times. Our thoughts and condolences go out to the family and friends of Jo Cox...

USD/JPY and yen crosses are all a little higher in recent minutesw On the back of: Japan finance minister Aso Very concerned about one-sided, rapid and speculative moves seen in FX mkt Plans to hold meeting of FSA, MoF, BOJ officials to discuss financial mkts on Friday...

The latest on Asia-Pacific banks from Fitch Ratings Australian banks' capital positions have been strengthening The extent of improvement and the regulatory capital ratios themselves are understated relative to many international peers Due to a conservative implementation of the Basel capital fra...

Bank of America Merrill Lynch's monthly fund manager survey Its found cash allocations amongst the managers are now at a 15-year high, highest since November of 2001 At 5.7% (was 5...

New Zealand data ANZ Job advertisements for May: +0.2% m/m (prior was +1.8%, revised from1.7%) For the y/y, up 7.2% ANZ commentary...

A mix of stupidity, cold-heartedness and fear Part 1 The all-time classic market rumours cartoon is perfect to illustrate what's happening today. The headlines say something like: UK PM David Cameron suspends EU vote campaigning because of Jo Cox death...

UK MP Jo Cox now confirmed dead The murder of UK MP Jo Cox has resulted in the suspension of Brexit-related campaigning so that might be the reasons...

This market is disappointing more than England The Australian and Canadian dollars are down more than 1% and now the New Zealand dollar has broken below 0.70. A full-on flight to safety is beginning to emerge...

Labour MP Jo Cox shot today It's unclear if the UK member of Parliament was targeted or became involved in a dispute. The assailant is at large and a witness said he was in his 60s or 70s...