Liveblog Archief vrijdag 2 juli 2021

TOP NEWS
• U.S. employment likely accelerated in June as companies boost perks for workers
U.S. job growth likely picked up in June as companies, desperate to boost production and services amid booming demand, raised wages and offered incentives to lure millions of reluctant unemployed Americans back into the labor force.

• OPEC+ seeks consensus on oil output policy after UAE roadblock
OPEC+ resumes talks on raising oil output after the United Arab Emirates blocked a deal the previous day, creating a standoff that could lead to less crude in the market and further rise in prices that have already surged to 2-1/2 year highs.

• Big Tech's push into India's financial sector raises concerns, says central bank
Plans by Big Tech to foray further into India's financial sector pose risks for traditional banks as the tech firms have the potential to become dominant players in financial services, the the Reserve Bank of India said.

• Facebook set to finance regional Australia newspaper fund
Facebook will provide money for an "innovation fund" for 170 regional Australian newspapers as part of a planned licensing deal, the parties said, calling the move a show of co-operation between the social media giant and local publishers.

• Tesla top-of-range car caught fire while owner was driving, lawyer says
A Tesla Model S Plaid electric vehicle burst into flames on Tuesday while the owner was driving, just three days after the $129,900, top-of-the-range car was delivered following its June launch, an attorney for the driver told Reuters.


BEFORE THE BELL
Wall Street futures were in the green as market participants contemplated on making riskier bets ahead of the closely watched employment data that could decide the next leg of equity markets and subsequent policy support going forward. European shares rose on a boost from semiconductor makers. Japan's Nikkei closed higher, as gains in export-focused Sony Group and Toyota Motor on a weaker yen offset weakness in chip-related stocks. The dollar was little changed. Gold gained as concerns over the Delta variant of COVID-19 boosted bullion's safe-haven appeal. Oil prices edged lower after OPEC+ ministers delayed their output policy meeting. International trade, durable goods and factory orders numbers are also due on the U.S. economic schedule.


STOCKS TO WATCH
• Alphabet Inc: Workers identifying as "Black+" or "Latinx+" left Google at higher rates last year than in 2019, the company said in its latest annual diversity report on Thursday, highlighting a persistent challenge to growing representation. What Google calls an attrition index, with 100 as a baseline, registered at 121 last year for Black+ workers in the United States compared with 112 in 2020. For Latinx+ employees, it jumped to 105 last year from 97. Attrition soared to 146 from 110 for Black+ women, though it fell to 81 from 93 for Latinx+ women. For White+, attrition dropped to 112 from 117, falling across both men and women. Google declined to comment beyond its new report, which noted room for improvement in retaining underrepresented talent but added some new training and practices are showing promising results.

• Chevron Corp: The company and its partners in the Gorgon LNG project off Western Australia have agreed to go ahead with a $4 billion project to improve gas recovery from offshore wells and keep the huge liquefied natural gas plant filled for 40 years. The Jansz-Io Compression (J-IC) project, which will help gas recovery at the Gorgon LNG project as the Jansz-Io field ages, is expected to take five years to complete, the U.S. oil major said. The J-IC project involves building a 27,000-tonne floating field control station, a subsea compression infrastructure and a 135-kilometre (84-mile) underwater power cable to Barrow Island, where the 15.6 million tonnes a year LNG plant is.

• Credit Suisse Group AG: The Swiss bank is paying out a further $750 million to investors in its Greensill-linked supply chain finance funds, its asset management arm told investors. It has recovered some $6.1 billion of the $10 billion in funds backed by insolvent supply chain finance firm Greensill Capital, it said, a slight increase over the $5.9 billion through late May. The new repayments, planned for the week of July 5, will bring the total it has paid out to investors in the liquidation proceeds to $5.6 billion. Credit Suisse is focusing on some $2.3 billion in loans provided by Greensill to three single counterparties, the biggest of them Sanjeev Gupta's GFG Alliance, which are experiencing repayment issues.

• Didi Global Inc: The Chinese ride-hailing company will be added to S&P Dow Jones' global equity indexes on July 12 following its U.S. stock market debut, the index publisher said. Didi shares will be added before the start of trade on July 12 "to eligible indices after qualifying for Fast Track IPO Entry as per methodology rules," S&P Dow Jones Indices said in an emailed statement, without elaborating. Index publisher FTSE Russell said earlier this week that Didi will be added to its global equity indexes on July 8. Didi shares jumped nearly 16% on Thursday, a day after its debut, the biggest U.S. listing by a Chinese company since 2014.

• Exxon Mobil Corp: Union and company negotiators met on Wednesday to discuss the lockout of workers at Exxon Mobil’s Beaumont, Texas refinery, spokespeople for both sides said on Thursday. Exxon and United Steelworkers union (USW) representatives agreed to meet again next week, said Hoot Landry, international staff representative for the union, as the lockout of 650 workers reached nine weeks. Exxon locked out the workers represented by USW 12-243 on May 1, citing the risk of a strike. The USW has said the company’s last proposal requires its members to give up long-standing seniority and would create a separate contract for workers in a lube oil plant from that for workers in the refinery. Exxon has said the proposal would give it flexibility to be profitable in even low-margin environments.

• Facebook Inc: The social media company said it is starting to warn some users they might have seen "extremist content" on the social media site. Screenshots shared on Twitter showed a notice asking "Are you concerned that someone you know is becoming an extremist?" and another that alerted users "you may have been exposed to harmful extremist content recently." Both included links to "get support." Facebook said the small test, which is only on its main platform, was running in the United States as a pilot for a global approach to prevent radicalization on the site. Separately, Facebook will provide money for an "innovation fund" for 170 regional Australian newspapers as part of a planned licensing deal, the parties said, calling the move a show of co-operation between the social media giant and local publishers.

• GlaxoSmithKline PLC: GSK's board rejected Elliott's demands that the British company change its management and sell its consumer healthcare arm after separating it from its pharma business, a day after the activist investor's strongly worded proposals. "The Board strongly believes Emma Walmsley is the right leader of New GSK and fully supports the actions being taken by her and the management team," GSK said, adding that talks with its largest shareholders showed they were confident in GSK's strategy and leadership. In a letter to the GSK board, Elliott on Thursday said GSK should review its leadership and consider a sale of its consumer healthcare business as it confirmed its stake in the pharmaceuticals group.

• Goldman Sachs Group Inc: Private equity firm EQT and Goldman Sachs' investment arm are in advanced talks to buy contract research company Parexel International Corp for nearly $9 billion including debt, the Wall Street Journal reported. The sale to EQT and Goldman could be completed this week, the report said on Thursday, citing people familiar with the matter. Parexel, which conducts clinical trials for drugmakers to make drug approval procedures easier, had drawn interest from both private equity and strategic bidders, the report said. Contract research organizations were hit last year as the COVID-19 pandemic disrupted clinical trials, but they are now seeing a resurgence in demand as drugmakers and governments invest in newer treatments.

• Johnson & Johnson: The company said late Thursday that its single-shot COVID-19 vaccine showed strong promise against the Delta variant and other emerging strains and also provided durable protection against the infection more broadly. Data showed that the durability of immune response for recipients of its vaccine lasted at least eight months, the healthcare company said, adding that its vaccine was 85% effective and could also help prevent hospitalization and death. Recipients of the vaccine produced strong neutralizing antibodies against all variants including the Delta, the U.S.-based company said.

• Netflix Inc: The company has removed Australian spy drama "Pine Gap" from its services in Vietnam after a complaint from broadcast authorities in the Southeast Asian country about the appearance of a map which depicts Chinese claims in the South China Sea. The map, which briefly features on the screens of a control room at a spy base in two episodes of the six-part show, depicts China's unilaterally declared "nine-dash line" and is displayed within the context of maritime claims in the region. "Netflix's violations angered and hurt the feelings of the entire people of Vietnam," the Authority of Broadcasting and Electronic Information said in a statement on its website. "This is the third time in a row in the last 12 months that Netflix has been found to distribute movies and TV shows containing content which violate Vietnam's sovereignty," said the statement, which was dated July 1.

• Novavax Inc: Taiwan has chosen to get the Novavax COVID-19 vaccine via the COVAX global sharing scheme for lower income countries, the company said, which would add much needed additional shots to the island's immunisation programme. Taiwan's vaccine orders include 4.76 million doses from COVAX, though so far it has only received slightly more than 600,000 from the scheme, all AstraZeneca shots. Novavax, in an emailed statement, said it already had an agreement to supply its vaccine to the COVAX facility. "Taiwan has opted to receive doses of NVX-CoV2373 through COVAX," it said, referring to the vaccine's name and without giving details. Taiwan's health minister said this week the government had been in talks with Novavax, though also did not provide details in terms of numbers or a timeline.

• Raytheon Technologies Corp: The aerospace maker said on Thursday it has been awarded an about $2 billion contract by the U.S. Air Force to develop and make a nuclear-armed cruise missile. The long-range standoff weapon (LRSO) will be manufactured in Tucson, Arizona, and is expected to be completed in February 2027, Raytheon said. It will replace the aging air-launched cruise missile that was fielded in the early 1980s with a 10-year design life. Bloomberg News earlier on Thursday reported that the Air Force plans to buy up to 1,000 LRSOs.

• Tesla Inc: A Tesla Model S Plaid electric vehicle burst into flames on Tuesday while the owner was driving, just three days after the $129,900, top-of-the-range car was delivered following its June launch, an attorney for the driver told Reuters. The driver, identified as an "executive entrepreneur", was initially not able to get out of the car because its electronic door system failed, prompting the driver to "use force to push it open," Mark Geragos, of Geragos & Geragos, said. The car continued to move for about 35 feet to 40 feet (11 to 12 meters) before turning into a "fireball" in a residential area near the owner's Pennsylvania home.

• Virgin Galactic Holdings Inc: Billionaire entrepreneur Richard Branson will travel to the edge of space on Virgin Galactic's test flight on July 11, Branson's space tourism firm said on Thursday, beating out fellow aspiring billionaire astronaut Jeff Bezos. A successful flight by Branson aboard Virgin's VSS Unity spaceplane would mark a key milestone in a race to usher in a new era of private commercial space travel. It would also mean that Branson would travel beyond Earth's atmosphere ahead of Bezos, the founder of rival space tourism venture Blue Origin. The race, which also includes SpaceX Chief Executive Elon Musk, is underpinned by optimism that space travel will become mainstream as nascent technology is proven and costs fall, fueling what UBS estimates could be a $3 billion annual tourism market by 2030. Musk has not set a date for his space flight.

• Xpeng Inc: The Chinese electric vehicle maker's American Depositary Receipts will be added to FTSE Russell's global equity indexes on July 8, the index publisher said. Xpeng shares will be included in the FTSE All-World Index, the FTSE Global Large Cap Index, and the FTSE Emerging Index, FTSE Russell said in a statement on its website. The announcement came after Guangzhou-based Xpeng said on Wednesday it would raise $1.8 billion in a Hong Kong dual primary listing to expand its product line-up and develop its technology. The company said on Thursday that it delivered 17,398 vehicles in the second quarter, a five-fold increase from a year earlier.


FOCUS
Qualcomm's new CEO eyes dominance in the laptop markets
Qualcomm's new chief thinks that by next year his company will have just the chip for laptop makers wondering how they can compete with Apple, which last year introduced laptops using a custom-designed central processor chip that boasts longer battery life.


ANALYSTS' RECOMMENDATION
• Eli Lilly and Co: Truist Securities raises target price to $262 from $225, on the company’s robust growth potential and intriguing pipeline assets.

• PDC Energy Inc: JPMorgan raises target price to $73 from $65, expecting a strong second quarter.

• Renalytix Plc: Berenberg initiates coverage with buy rating and $38 target price, saying the company intends to establish itself as a major player in the invitro diagnostic market.


ECONOMIC EVENTS (All timings in U.S. Eastern Time)
0830 (approx.) Non-farm payrolls for June: Expected 700,000; Prior 559,000
0830 (approx.) Private payrolls for June: Expected 600,000; Prior 492,000
0830 (approx.) Manufacturing payrolls for June: Expected 28,000; Prior 23,000
0830 (approx.) Government payrolls for June: Prior 67,000
0830 (approx.) Unemployment rate for June: Expected 5.7%; Prior 5.8%
0830 (approx.) Average earnings mm for June: Expected 0.4%; Prior 0.5%
0830 (approx.) Average earnings yy for June: Expected 3.7%; Prior 2.0%
0830 (approx.) Average workweek hours for June: Expected 34.9 hrs; Prior 34.9 hrs
0830 (approx.) Labor force participation for June: Prior 61.6%
0830 (approx.) U6 underemployment for June: Prior 10.2%
0830 (approx.) International trade for May: Expected -$71.4 bln; Prior -$68.9 bln
0830 (approx.) Goods trade balance (R) for May: Prior -$88.11 bln
1000 (approx.) Durables ex-defense, R mm for May: Prior 1.7%
1000 (approx.) Durable goods, R mm for May: Prior 2.3%
1000 (approx.) Factory orders mm for May: Expected 1.6%; Prior -0.6%
1000 (approx.) Durables ex-transport R mm for May: Prior 0.3%
1000 (approx.) Nondefense cap ex-air R mm for May: Prior -0.1%
1000 (approx.) Factory ex-transport mm for May: Prior 0.5%


COMPANIES REPORTING RESULTS
No major S&P 500 companies are scheduled to report.


CORPORATE EVENTS (All timings in U.S. Eastern Time)
1100 Ocugen Inc: Annual Shareholders Meeting


EX-DIVIDENDS
Agilent Technologies Inc: Amount $0.19
Andersons Inc: Amount $0.17
Brixmor Property Group Inc: Amount $0.21
Cisco Systems Inc: Amount $0.37
Cousins Properties Inc: Amount $0.31
Dollar General Corp: Amount $0.42
Edison International: Amount $0.66
Erie Indemnity Co: Amount $1.03
Invesco Mortgage Capital Inc: Amount $0.09
John Wiley & Sons Inc: Amount $0.34
JPMorgan Chase & Co: Amount $0.90
Korn Ferry: Amount $0.12
QAD Inc: Amount $0.06
QAD Inc: Amount $0.07
Shoe Carnival Inc: Amount $0.14
Steelcase Inc: Amount $0.14
Werner Enterprises Inc: Amount $0.12

De markt lag er volatiel bij gisteren, we hebben een hogere start gezien maar meteen ook een diepe terugval in Europa met herstel na de opening van Wall Street. De SP 500 zette weer een nieuw record neer, het 5e op rij. Andere indices blijven er nog onder al kwam de AEX even boven de 736 uit met een nieuwe hoogste stand ooit op 738,1 punten.

Update 2 juli:
Europa ging na de start fors omhoog om op 738,1 punten een nieuwe top neer te zetten maar dat kon de index niet vasthouden, opvallend was dat de AEX zelfs terug moest naar 726 punten wat 12 punten onder de dagtop ligt en zelfs onder de laagste stand van woensdag. Nadien herpakt de index zich en sluit net geen 2 punten hoger af op 731,3 punten. Hetzelfde zien we bij de DAX en de CAC 40, eerst fors omhoog, daarna diepe terugval om in de plus te sluiten. Echt betrouwbaar zie ik het verloop niet, het was de 2e sessie dat Europa het na een poging omhoog het moeilijk kreeg. Waar het door komt is moeilijk te begrijpen omdat andere indices en dan vooral die op Wall Street nog op recordrace blijven al denk ik ook niet dat het nog lang zal aanhouden daar.

De Nasdaq lag er niet echt sterk bij op Wall Street maar een nieuw record zat er deze keer ook niet in, wel blijven de Nasdaq, de Nasdaq 100 en de Semi-SOX index er nog altijd niet ver onder na gisteren. De SOX index die we kunnen projecteren op ASML (zelfde sector) leverde wel 1,5% in deze keer. We zien wel dat de tech aandelen na een hele reeks met records wat vermoeid geraken, maar eens zien hoe het verder zal verlopen binnen deze sector. De Dow Jones gaat wel nog even door en won opnieuw 131 punten, de recordstand rond de 35.000 punten komt met 34.633 punten nu ook plots in zicht, wel nog zo'n 400 punten te gaan maar na enkele sterke dagen komen we wel heel snel dichterbij nu.

De enige index die wel weer voor een nieuw record zorgde was de S&P 500, daar opnieuw winst (22,4 punten) ofwel +0,5% om op 4320 punten te sluiten. Het 5e record op rij en het 34e dit jaar (2021). Ik blijf naar de gemiddelde winst van de 500 aandelen binnen deze index kijken en die komt nu al uit op 45,9 keer de winst. Gemiddeld over de jaren bekeken zou je rekening moeten houden met een gemiddelde winst van 20 tot 25 keer. De vraag is dan of de markt te duur is momenteel? Wel oordeel zelf, beleggers betalen op Wall Street nu dubbel zoveel voor de winst die men verwacht in de toekomst. Dat kan allemaal wel maar er kan en mag dan zeker geen periode komen waar het niet loopt zoals men dat zou willen. We gaan het zien, de markt is gewoon veel te duur op dit moment maar door dat beleggers gretig blijven en weinig alternatieven kunnen vinden blijft men alles opkopen.

Nieuwe mogelijkheden komen er aan:
We blijven in ieder geval zoeken naar nieuwe mogelijkheden om op de handelen met wat indices, gisteren werden er wat kleine posities opgenomen die ik mee zal nemen naar volgende week. We blijven rustig handelen en ik zal zeker geen te grote risico's nemen. Eerst maar eens zien wat de markt gaat doen nu alles rond de hoogste standen ooit staan.

Als u de signalen wilt ontvangen wordt dan vandaag nog lid via de nieuwe aanbieding die loopt tot 1 september ...

Maand JUNI werd afgerond met een mooie winst:
De maand juni zit erop het werd al de 7e maand op rij dat alle abonnementen de maand met winst afronden en dat in toch een redelijk moeilijke markt. Ik zal er alles aan doen om ook deze maand goed voor de dag te komen, u kunt meedoen door lid te worden.

Bij Guy Trading kijk ik ook naar wat aandelen waar ik iets mee kan doen. Schrijf u dus op tijd in, ik zal in ieder geval het momentum kiezen om in te stappen.

Maak nu gebruik van de nieuwe aanbieding tot 1 SEPTEMBER voor €39 (Polleke Trading €49) https://www.usmarkets.nl/tradershop

Hieronder het resultaat van deze maand (JUNI) en dit jaar (2021):

Overzicht markt:

Markt technisch bekeken:
Weer een record op Wall Street via de S&P 500, ook de Dow en vooral de Dow Transport lieten een sterke sessie zien terwijl de technologie sectoren niet mee deden deze keer. In Europa zien we wel de nodige twijfels en dat voor de 2e sessie na elkaar, het lijkt erop dat er een draai kan komen die meerdere dagen kan aanhouden maar ook daarbij moeten we blijven kijken naar Wall Street. Wel blijven we met die enorme divergenties zitten daar, gisteren viel dat nog maar eens op, de S&P 500 samen met de Dow Jones en de Dow Transport hoger sluiten terwijl de Nasdaq, de Nasdaq 100 en de Semi-SOX index vlak tot lager sluiten.

Eens zal die divergentie wegvallen en ik denk dat de markt dan een 3 tot 5% zal corrigeren. We moeten een goed momentum zien te pakken om mee te zitten zodra dat er komt, we zitten er niet ver meer vanaf nu.

Technische conditie AEX:
De AEX laat een behoorlijk volatiele sessie na om op 731 punten te sluiten, de recordstand die op 736 punten werd opvallend wel doorbroken waardoor nu de nieuwe hoogste stand ooit uitkomt op 738,1 punten maar de index moest vanaf dat niveau diep terug. We moeten nog altijd goed blijven kijken of de belangrijke andere indices zich staande kunnen houden, daarbij houden we vooral de technologie indices in de gaten omdat ASML zwaar meeweegt en zeer bepalend blijft voor het verloop van de AEX.

Weerstand nu het record op 738 punten, later de 740 en daarna moeten we al letten op de 750 punten. Steun blijft nu eerst weer die 718-719 punten waar de oude top wacht, later de 716 (recente bodem en het 50-daags gemiddelde.

Technische conditie DAX:
De DAX lag er gisteren verdeeld bij, de index moest opnieuw even tot onder de zone 15.500-15.550 punten. Op slotbasis wist de DAX zich te herpakken tot boven deze zone zodat het nu weer wachten is op de volgende beweging van de DAX. Zo blijft de index aan de ene kant op recordjacht waar de 15.802 punten nu als eerste zware weerstand wacht maar gelijktijdig kan de index via een slechte dag snel weer fors inleveren.

Boven de top op 15.802 punten zien we weerstand rond de 15.900 en de 16.000 punten. Steun blijft uiteraard de zone 15.500-15.550 punten, later de 15.440 punten waar het 50-daags gemiddelde uitkomt, daaronder in ieder geval steun rond de laatste bodem die uitkomt op 15.310 punten.

S&P 500 analyse:
De S&P 500 zet opnieuw een record neer en nu op 4320 punten na een sterke sessie. Een vreemd verloop met nieuwe records die telkens niet echt ver uitkomen ten opzichte van het record de dag ervoor, dus geen stevige stijgingen maar wel records. Gisteren al het 34e dit jaar (2021). Weerstand nu de 4350 punten, later de 4375 en de 4400 punten.

Steun wordt nu eerst de 4290 punten met daaronder de 4237 punten waar de oude top uitkwam, later de 4205 punten waar nog steeds zowel de steunlijn onder de bodems samen met het 50-daags gemiddelde uitkomen, pas onder deze steun moeten we opletten want dan kan het snel gaan richting de 4150, de 4125 en de 4100 punten.

Analyse Nasdaq:
De Nasdaq blijft nu wat haperen in de buurt van de hoogste stand ooit, de eerste weerstand wordt nu de top die wacht op 14.536 punten met daarboven de 14.650 punten. Later richten we ons op 14.750, 14.850 en zelfs al de 16.000 punten. De Nasdaq blijft uiteraard volatiel en zit nog altijd in een sterke fase waar correcties snel worden opgekocht, de top 7 van de grote bedrijven liggen er nog altijd sterk bij maar ik verwacht op korte termijn toch grotere winstnemingen.

Steun nu eerst 14.400 punten met daarna de eerdere top rond de 14.211 punten. Later zien we rond de 14.000 en de 13.865 steun waar we het 50-MA zien uitkomen.

Na de uitbraak midden juni met toch redelijk wat kracht maar eens kijken waar de index naartoe kan en of er nog veel meer in het vat zit, aan de andere kant moeten we hier altijd opletten voor een stevige draai omlaag eens er een duidelijke nieuwe top staat.

Euro, olie en goud:
De euro zien we nu rond de 1.184 dollar, de prijs van een vat Brent olie komt uit op 75,75 dollar terwijl een troy ounce goud nu op 1778 dollar staat.

De LIVEBLOG en Twitter:
Via de LIVEBLOG en tussendoor ook via mijn Twitter account laat ik gedurende de dag ook wat grafiekjes met korte uitleg voorbij komen over de markt. Op Twitter kunt u mij volgen via @USMarkets dan kunt u deze snelle informatie die ik deel uiteraard ook inzien .... https://twitter.com/USMarkets , ook opvallende beursfeiten komen er vaak langs !

Met vriendelijke groet,
Guy Boscart

GLOBAL TOP NEWS
U.S. job growth likely picked up in June as companies, desperate to boost production and services amid booming demand, raised wages and offered incentives to lure millions of reluctant unemployed Americans back into the labor force.

Most of the countries negotiating a global overhaul of cross-border taxation of multinationals have backed plans for new rules on where companies are taxed and a tax rate of at least 15%, they said on Thursday after two days of talks.''

The Democratic-controlled U.S. House of Representatives approved a $715 billion surface transportation and water infrastructure bill on Thursday in what Democrats see as an early step toward sweeping infrastructure legislation that Congress hopes to complete in September.


EUROPEAN COMPANY NEWS
Volkswagen of America said it sold more than 211,000 cars in the first half of 2021, its highest level for the period in nearly 50 years, and is on pace to sell more than 400,000 this year, Chief Executive and President Scott Keogh said in a media briefing on Thursday.

Italy's top commercial broadcaster Mediaset has won exclusive TV rights for the next three seasons of the Italian Cup competition, paying 144.6 million euros, three sources close to the deal told Reuters.

French prosecutors have opened an investigation into four fashion retailers suspected of concealing "crimes against humanity" in China's Xinjiang region, a judicial source said on Thursday.


TODAY'S COMPANY ANNOUNCEMENTS
Burckhardt Compression Holding AG Annual Shareholders Meeting
HELMA Eigenheimbau AG Annual Shareholders Meeting
Jacques Bogart SA Annual Shareholders Meeting
Mining Minerals & Metals PLC Annual Shareholders Meeting
Nobina AB (publ) Q1 2022 Earnings Call


ECONOMIC EVENTS (All times GMT)
0645 France Budget Balance for May: Prior -91.37 bln EUR
0700 (approx.) Spain International Tourist Arrival for May: 1,248,595
0900 Euro Zone Producer Prices mm May: Expected 1.2%; Prior 1.0%
0900 Euro Zone Producer Prices yy May: Expected 9.5%; Prior 7.6%