The report was issued today by Timothy R. Fiore, Chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee:

"The June PMI registered 57.8 percent, an increase of 2.9 percentage points from the May reading of 54.9 percent. The New Orders Index registered 63.5 percent, an increase of 4 percentage points from the May reading of 59.5 percent. The Production Index registered 62.4 percent, a 5.3 percentage point increase compared to the May reading of 57.1 percent.

The Employment Index registered 57.2 percent, an increase of 3.7 percentage points from the May reading of 53.5 percent. The Supplier Deliveries index registered 57 percent, a 3.9 percentage point increase from the May reading of 53.1 percent. The Inventories Index registered 49 percent, a decrease of 2.5 percentage points from the May reading of 51.5 percent".

June data pointed to a relatively subdued month for the U.S. manufacturing sector, with output, new order and employment growth all slowing since May. At the same time, survey respondents signalled resilient confidence towards the year ahead outlook, with optimism up to its strongest level since February. Meanwhile, cost pressures were the weakest recorded for 15 months, which resulted in the slowest pace of factory gate price inflation since late-2016.

The seasonally adjusted IHS Markit final US Manufacturing Purchasing Managers' Index (PMI) registered 52.0 in June, down from 52.7 during May, to signal the least marked improvement in overall business conditions since September 2016. Slower rates of output and new business growth were the main factors weighing on the headline PMI in June, which more than offset a stronger contribution from the stocks of purchases component.

EURUSD: 1.3000 (EUR 530m) 1.1325 (320m) 1.1370 (225m) 1.1400 (445m)

USDJPY: 110.90-111.00 (USD 1.4bln) 111.50 (252m) 111.85 (440m) 112.00-10 (600m) 112.40-50 (900m)

GBPUSD: 1.3000 (GBP 522m) 1.3050 (195m)

USDCHF: 0.9690-95 (USD 250m)

AUDUSD: 0.7575 (AUD 290m) 0.7600 (210m)

NZDUSD: 0.7200 (NZD 265m)

• Plans for Trump's state visit will be set out in due course

Romania's central bank decided to leave its key rate unchanged, as widely expected, says rttnews.

The Board of the National Bank of Romania decided to leave the benchmark rate unchanged at 1.75 percent.

The minimum reserve requirement ratio on both foreign currency-denominated liabilities of credit institutions and the ratio on the leu-denominated liabilities were maintained at 8 percent.

In May, the bank had lowered the minimum reserve requirement ratio on foreign currency-denominated liabilities from 10 percent.

The bank reiterated that it will to pursue adequate liquidity management in the banking system.

The euro area (EA19) seasonally-adjusted unemployment rate was 9.3% in May 2017, stable compared to April 2017 and down from 10.2% in May 2016. This remains the lowest rate recorded in the euro area since March 2009. The EU28 unemployment rate was 7.8% in May 2017, stable compared to April 2017 and down from 8.7% in May 2016. This remains the lowest rate recorded in the EU28 since December 2008. These figures are published by Eurostat, the statistical office of the European Union.

Eurostat estimates that 19.115 million men and women in the EU28, of whom 15.034 million in the euro area, were unemployed in May 2017. Compared with April 2017, the number of persons unemployed decreased by 22 000 in the EU28 and by 5 000 in the euro area. Compared with May 2016, unemployment fell by 2.122 million in the EU28 and by 1.428 million in the euro area.

The end of the second quarter saw manufacturers report further expansions of both production and new order volumes. However, rates of increase decelerated, as growth of new business slowed in both the domestic and export markets. Price pressures continued to ease, with rates of inflation in input costs and output charges down further from highs reached at the start of the year.

At 54.3 in June, down from 56.3 in May, the seasonally adjusted IHS Markit/CIPS Purchasing Managers' Index (PMI) posted its lowest reading in three months. However, the average PMI level over the second quarter as a whole (55.9) was the best registered for three years.

The rate of expansion in the eurozone manufacturing sector accelerated to its fastest in over six years in June, reflecting improved performances across Germany, France, Italy, the Netherlands, Ireland, Greece and Austria. Output expanded on the back of rising inflows of new work, encouraging companies to maintain the pace of job creation close to May's 20-year survey record high.

The final IHS Markit Eurozone Manufacturing PMI rose to 57.4 in June, up from 57.0 in May and the earlier flash estimate of 57.3. The PMI has now remained above the neutral 50.0 mark throughout the past four years. Moreover, the average reading during the second quarter (57.0) is the best outcome in over six years (since Q1 2011).

The German manufacturing sector continued to grow at the strongest rate in over six years mid-way through 2017, according the June PMI survey data from IHS Markit and BME. Overall operating conditions improved at the strongest pace since April 2011. Moreover, the 12-month outlook for production remained strongly positive. Meanwhile, input prices rose at the slowest pace in seven months, albeit one that remained strong overall.

The PMI rose for the sixth time in seven months in June, posting 59.6, up from 59.5 in May. This signalled the strongest overall improvement in manufacturing business conditions in Germany since April 2011. The upward movement in the PMI reflected a faster rise in new orders and a greater lengthening in supplier delivery times, while growth of output and employment remained strong despite easing slightly since May. The current 31-month period of overall growth in the goods-producing sector is the second-longest in the 21-year survey history

The Spanish manufacturing sector completed a strong second quarter of the year in June, with growth of output, new orders and employment remaining elevated. Higher output requirements led firms to increase their purchasing activity at the strongest pace so far this year.

At 54.7, the headline PMI signalled a marked monthly improvement in business conditions in the Spanish manufacturing sector. The reading was only slightly below that of May (55.4), while the average for the second quarter of the year was broadly in line with the first quarter.

• It is out of the question that France would seek a delay to going below 3 pct of public spending target

• Trump, Abe reaffirmed that the United States-Japan alliance stands ready to defend and respond to any threat or action taken by North Korea

• Trump, in call with China's Xi Jinping, "raised the growing threat posed by North Korea's nuclear and ballistic missile programs" and both leaders reaffirmed "their commitment to a denuclearized Korean peninsula"

The performance of the Japanese manufacturing sector continued to improve during June, extending the current sequence of expansion to ten months. Growth was supported by ongoing gains in both production and new orders, although in both cases rates of expansion weakened.

The headline Japan Manufacturing Purchasing Managers' IndexTM (PMI) - a composite singlefigure indicator of manufacturing performance - recorded 52.4 during June. That compared to 53.1 in May and, despite falling on the month, represented another solid rate of sector expansion. Operating conditions have improved continuously since September 2016.

The PMI climbed back into positive territory in June, with firms noting slightly stronger increases in production and new orders. This prompted companies to increase their purchasing activity, albeit only slightly. However, relatively muted client demand overall led manufacturers to reduce their inventory holdings and trim their workforce numbers again. At the same time, optimism towards the business outlook edged down to its lowest level in 2017 to date.

After declining in the previous month, both input costs and output charges increased at the end of the second quarter. That said, the rates of inflation were much slower than seen at the beginning of the year.

At 50.4 in June, the seasonally adjusted Purchasing Managers' Index - a composite indicator designed to provide a single-figure snapshot of operating conditions in the manufacturing economy - moved back above the 50.0 no-change mark. This was up from 49.6 and signalled an improvement in the health of the sector after a marginal deterioration in May. Operating conditions have now strengthened in nine of the ten past months, though the latest improvement was only slight

EUR/USD

Resistance levels (open interest**, contracts)

$1.1527 (3256)

$1.1499 (2373)

$1.1474 (2229)

Price at time of writing this review: $1.1409

Support levels (open interest**, contracts):

$1.1385 (2810)

$1.1343 (1466)

$1.1297 (1686)

Comments:

- Overall open interest on the CALL options and PUT options with the expiration date July, 7 is 75296 contracts (according to data from June, 30) with the maximum number of contracts with strike price $1,1100 (4514);

GBP/USD

Resistance levels (open interest**, contracts)

$1.3131 (2375)

$1.3102 (2028)

$1.3066 (2686)

Price at time of writing this review: $1.2998

Support levels (open interest**, contracts):

$1.2965 (637)

$1.2929 (741)

$1.2888 (2088)

Comments:

- Overall open interest on the CALL options with the expiration date July, 7 is 34620 contracts, with the maximum number of contracts with strike price $1,2950 (2686);

- Overall open interest on the PUT options with the expiration date July, 7 is 33056 contracts, with the maximum number of contracts with strike price $1,2800 (3699);

- The ratio of PUT/CALL was 0.95 versus 0.93 from the previous trading day according to data from June, 30

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.

(pare/closed(GMT +2)/change, %)

EUR/USD $1,1423 -0,15%

GBP/USD $1,3026 +0,18%

USD/CHF Chf0,9582 +0,25%

USD/JPY Y112,39 +0,24%

EUR/JPY Y128,39 +0,09%

GBP/JPY Y146,37 +0,40%

AUD/USD $0,7687 +0,07%

NZD/USD $0,7333 +0,48%

USD/CAD C$1,2965 -0,29%

00:01 Canada Bank holiday

00:30 Japan Manufacturing PMI (Finally) June 53.1

01:00 Australia MI Inflation Gauge, m/m June 0.0%

01:30 Australia ANZ Job Advertisements (MoM) June 0.4%

01:30 Australia Building Permits, m/m May 4.4% -2%

01:45 China Markit/Caixin Manufacturing PMI June 49.6 49.5

05:00 Japan Consumer Confidence June 43.6

07:15 Switzerland Retail Sales (MoM) May -2.4%

07:15 Switzerland Retail Sales Y/Y May -1.2%

07:30 Switzerland Manufacturing PMI June 55.6

07:50 France Manufacturing PMI (Finally) June 53.8 55

07:55 Germany Manufacturing PMI (Finally) June 59.5 59.3

08:00 Eurozone Manufacturing PMI (Finally) June 57 57.3

08:30 United Kingdom Purchasing Manager Index Manufacturing June 56.7 56.5

08:35 U.S. FOMC Member James Bullard Speaks

09:00 Eurozone Unemployment Rate May 9.3% 9.2%

13:45 U.S. Manufacturing PMI (Finally) June 52.7 52.1

14:00 U.S. Construction Spending, m/m May -1.4% 0.2%

14:00 U.S. ISM Manufacturing June 54.9 55.1

19:30 U.S. Total Vehicle Sales, mln June 16.66 16.7

22:00 New Zealand NZIER Business Confidence Quarter II 17%