00:00 Japan Labor Cash Earnings, YoY May 0.5% 0.4%

05:00 Japan Leading Economic Index (Preliminary) May 104.2 104.6

05:00 Japan Coincident Index (Preliminary) May 117.1

05:45 Switzerland Unemployment Rate (non s.a.) June 3.1% 3%

06:00 Germany Industrial Production s.a. (MoM) May 0.8% 0.3%

06:45 France Trade Balance, bln May -5.54 -5.1

06:45 France Industrial Production, m/m May -0.5% 0.5%

07:00 Switzerland Foreign Currency Reserves June 693.7

07:30 United Kingdom Halifax house price index 3m Y/Y June 3.3% 3.1%

07:30 United Kingdom Halifax house price index June 0.4% 0.2%

08:00 United Kingdom BOE Gov Mark Carney Speaks

08:30 United Kingdom Total Trade Balance May -2.05

08:30 United Kingdom Industrial Production (YoY) May -0.8% 0.2%

08:30 United Kingdom Industrial Production (MoM) May 0.2% 0.4%

08:30 United Kingdom Manufacturing Production (MoM) May 0.2% 0.5%

08:30 United Kingdom Manufacturing Production (YoY) May 0% 1.0%

12:00 United Kingdom NIESR GDP Estimate Quarter II 0.2%

12:30 Canada Unemployment rate June 6.6% 6.6%

12:30 Canada Employment June 54.5 10.0

12:30 U.S. Manufacturing Payrolls June -1 5

12:30 U.S. Government Payrolls June -9

12:30 U.S. Average workweek June 34.4 34.4

12:30 U.S. Private Nonfarm Payrolls June 147 172

12:30 U.S. Average hourly earnings June 0.2% 0.3%

12:30 U.S. Labor Force Participation Rate June 62.7%

12:30 U.S. Nonfarm Payrolls June 138 179

12:30 U.S. Unemployment Rate June 4.3% 4.3%

14:00 Canada Ivey Purchasing Managers Index June 53.8

17:00 U.S. Baker Hughes Oil Rig Count July 756

The main US stock indexes finished trading in negative territory against the background of sell-offs across the entire spectrum of the market under the pressure of growth in yields on government bonds. Most of all lost in the value of shares of healthcare companies and the segment of industrial goods. In addition, concern with investors caused the escalation of tension on the Korean peninsula.

At the same time, weaker than expected data on employment in the private sector of the United States and initial applications for unemployment benefits had a negative impact on the expectations of market participants regarding the US employment statistics published tomorrow.

Data from Automatic Data Processing (ADP), showed that the growth rate of employment in the private sector of the US slowed in June stronger than expected. According to the report, in June the number of employed increased by 158 thousand people compared with the revised downward indicator for May at 230 thousand (originally reported growth of 253 thousand). Analysts had expected the number of employees to increase by 185 thousand.

At the same time, the data of the Ministry of Labor showed that the number of Americans applying for unemployment benefits unexpectedly increased for the third week in a row, probably because some automakers closed assembly plants for annual conversion in the summer. According to the report, the primary applications for unemployment benefits increased by 4000 to 248,000, taking into account seasonal fluctuations for the week of July 1. Data for the previous week was not revised. Economists predicted that initial applications for unemployment benefits will drop to 243,000 over the past week.

In addition, the US service activity index, calculated by the Institute for Supply Management (ISM), rose to a level of 57.4 points in June from 56.9 in May. According to the forecast, the figure should drop to 56.5 points.

Most components of the DOW index are in the negative (27 out of 30). Outsider were shares of General Electric Company (GE, -4.10%). The leader of growth was the shares of E. I. du Pont de Nemours and Company (DD, + 0.46%).

All S & P sectors recorded a decline. The health sector fell most (-1.4%).

At closing:

DJIA -0.74% 21.320.04 -158.13

Nasdaq -1.00% 6,089.46 -61.40

S & P -0.94% 2,409.75 -22.79

Major U.S. stock-indexes fell as most stocks came under selling pressure as government bond yields surged around the globe. Almost all sectors were trading in negative territory, with the healthcare and technology underperforming. Worse-than-expected the ADP & initial claims reports struck a bleak tone for the critical non-farm payrolls report due on Friday.

Most of Dow stocks in negative area (23 of 30). Top loser - General Electric Company (GE, -1.90%). Top gainer - E. I. du Pont de Nemours and Company (DD, +0.70%).

Almost all of S&P sectors in negative area. Top loser - Healthcare (-1.06%). Sole gainer - Basic Materials (+0.17%).

At the moment:

Dow 21337.00 -85.00 -0.40%

S&P 500 2415.00 -13.00 -0.54%

Nasdaq 100 5595.25 -56.25 -1.00%

Crude Oil 46.29 +1.16 +2.57%

Gold 1222.90 +1.20 +0.10%

U.S. 10yr 2.38 +0.05

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 6.3 million barrels from the previous week. At 502.9 million barrels, U.S. crude oil inventories are in the upper half of the average range for this time of year.

Total motor gasoline inventories decreased by 3.7 million barrels last week, but are near the upper limit of the average range. Both finished gasoline inventories and blending components inventories decreased last week.

Distillate fuel inventories decreased by 1.9 million barrels last week but are above the upper limit of the average range for this time of year. Propane/propylene inventories increased by 2.1 million barrels last week but are in the lower half of the average range. Total commercial petroleum inventories decreased by 13.4 million barrels last week.

The report was issued today by Anthony Nieves, Chair of the Institute for Supply Management (ISM) Non-Manufacturing Business Survey Committee:

"The NMI registered 57.4 percent, which is 0.5 percentage point higher than the May reading of 56.9 percent. This represents continued growth in the non-manufacturing sector at a slightly faster rate. The Non-Manufacturing Business Activity Index increased to 60.8 percent, 0.1 percentage point higher than the May reading of 60.7 percent, reflecting growth for the 95th consecutive month, at a slightly faster rate in June.

The New Orders Index registered 60.5 percent, 2.8 percentage points higher than the reading of 57.7 percent in May. The Employment Index decreased 2 percentage points in June to 55.8 percent from the May reading of 57.8 percent. The Prices Index increased 2.9 percentage points from the May reading of 49.2 percent to 52.1 percent, indicating prices increased in June after decreasing in May. According to the NMI®, 16 non-manufacturing industries reported growth. The non-manufacturing sector continued to reflect strength for the month of June. The majority of respondents' comments are positive about business conditions and the overall economy."

EURUSD: 1.1190-00 (EUR 780m) 1.1290-00 (2.1bln) 1.1320-30 (1.47bln) 1.1340-50 (500m) 1.1400 (695m) 1.1490-00 (640m)

USDJPY: 111.90-00 (USD 850m) 112.10-20 (745m) 112.30-40 (550m) 112.50 (700m) 112.90-113.00 (665m) 113.70 (380m)

GBPUSD: 1.2830 (GBP 315m) 1.2900 (200m) 1.2940 (260m) 1.3020 (270m) 1.3040 (305m)

EURGBP: 0.8600 (EUR 260m) 0.8710 (310m) 0.8800 (260m) 0.8880 (260m)

AUDUSD: 0.7480 (AUD 180m) 0.7550 (290m) 0.7570 (225m) 0.7600 (425m) 0.772-30 (315m)

USDCAD: 1.2950 (USD 180m) 1.3000 (255m)

EURJPY: 128.00 (190m)

U.S. stock-index futures fell, dragged down by technology shares, while investors assessed worse-than-expected the ADP & initial claims reports.

Global Stocks:

Nikkei 19,994.06 -87.57 -0.44%

Hang Seng 25,465.22 -56.75 -0.22%

Shanghai 3,212.51 +5.38 +0.17%

S&P/ASX 5,758.76 -4.49 -0.08%

FTSE 7,324.22 -43.38 -0.59%

CAC 5,133.49 -46.61 -0.90%

DAX 12,355.37 -98.31 -0.79%

Crude $45.85 (+1.60%)

Gold $1,224.40 (+0.22%)

(company / ticker / price / change ($/%) / volume)

NIKE (NKE) initiated with a Outperform at Raymond James; target $71

JPMorgan Chase (JPM) resumed with a Neutral at Goldman

Exxon Mobil (XOM) resumed with a Outperform at RBC Capital Mkts; target $95

Chevron (CVX) resumed with a Underperform at RBC Capital Mkts; target $100

Barrick Gold (ABX) downgraded to Market Perform from Outperform at BMO Capital Markets

In the week ending July 1, the advance figure for seasonally adjusted initial claims was 248,000, an increase of 4,000 from the previous week's unrevised level of 244,000. The 4-week moving average was 243,000, an increase of 750 from the previous week's unrevised average of 242,250.

Canada's merchandise trade deficit with the world reached $1.1 billion in May, up from a $552 million deficit in April. Imports rose 2.4% to $49.8 billion, led by an increase in aircraft imports. Exports were up 1.3% to $48.7 billion on account of higher unwrought gold exports.

Canada's trade activity has been strong in recent months, with imports and exports both reaching record highs, resulting in a total trade value of $98.5 billion in May. This represents a 13.8% increase over the same month last year.

Total imports rose 2.4% in May to $49.8 billion, a sixth consecutive monthly increase. Volumes rose 1.8% while prices increased 0.6%. Higher imports of aircraft and other transportation equipment and parts, motor vehicles and parts, and energy products were responsible for the increase. Year over year, total imports were up 10.2%.

Total exports rose 1.3% to a record high $48.7 billion in May, a third consecutive monthly gain, on account of higher volumes. Metal and non-metallic mineral products and motor vehicles and parts were the largest contributors to the increase. Exports excluding energy products rose 3.6% in May. Year over year, total exports were up 17.8%.

Private sector employment increased by 253,000 jobs from April to May according to the May ADP National Employment Report.

"May proved to be a very strong month for job growth," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. "Professional and business services had the strongest monthly increase since 2014. This may be an indicator of broader strength in the workforce since these services are relied on by many industries." Mark Zandi, chief economist of Moody's Analytics said, "Job growth is rip-roaring. The current pace of job growth is nearly three times the rate necessary to absorb growth in the labor force. Increasingly, businesses' number one challenge will be a shortage of labor."

• Easing bias on app could be reviewed if confidence in inflation outlook improved: minutes of jun 8 meet

• Rate setters discussed revisiting easing bias on app at jun 7-8 meet but decided prudence remained warranted

• Inflation outlook vulnerable to premature tightening, guidance to be adjusted "very gradually"

• Continued caution in communication warranted to avoid signals that could cause tightening of financing conditions

• Says something will have to be done about North Korea

• Asked about his mock video of him tackling CNN, says CNN has "taken it too seriously"

Eurozone retailers recorded a rise in like-for-like sales for the third time in as many months during June. Growth was driven by sharp expansions in France and Germany, although another decline in Italy continued weigh on overall growth.

The headline IHS Markit Eurozone Retail PMI - which tracks the month-on-month changes in like-forlike retail sales in the bloc‟s biggest three economies combined - rose to 53.2 in June, from 52.0 in May. The latest reading signalled the sharpest rate of growth in just shy of two years.

EURUSD: 1.1190-00 (EUR 780m) 1.1290-00 (2.1bln) 1.1320-30 (1.47bln) 1.1340-50 (500m) 1.1400 (695m) 1.1490-00 (640m)

USDJPY: 111.90-00 (USD 850m) 112.10-20 (745m) 112.30-40 (550m) 112.50 (700m) 112.90-113.00 (665m) 113.70 (380m)

GBPUSD: 1.2830 (GBP 315m) 1.2900 (200m) 1.2940 (260m) 1.3020 (270m) 1.3040 (305m)

EURGBP: 0.8600 (EUR 260m) 0.8710 (310m) 0.8800 (260m) 0.8880 (260m)

AUDUSD: 0.7480 (AUD 180m) 0.7550 (290m) 0.7570 (225m) 0.7600 (425m) 0.772-30 (315m)

USDCAD: 1.2950 (USD 180m) 1.3000 (255m)

EURJPY: 128.00 (190m)

The consumer price index (CPI) fell by 0.1% in June 2017 compared with the previous month, reaching 100.9 points (December 2015=100).

Inflation was 0.2% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).

• Says France should see growth of about 1.6 pct this year

• Government's plans for tax cuts over its mandate seem "lucid and courageous"

In trend terms, the balance on goods and services was a surplus of $1,956m in May 2017, a decrease of $363m on the surplus in April 2017.

In seasonally adjusted terms, the balance on goods and services was a surplus of $2,471m in May 2017, an increase of $2,381m on the surplus in April 2017.

In seasonally adjusted terms, goods and services credits rose $2,578m (9%) to $32,781m. Non-rural goods rose $2,333m (13%), rural goods rose $118m (3%) and non-monetary gold rose $42m (3%). Net exports of goods under merchanting remained steady at $27m. Services credits rose $84m (1%).

Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had increased in May 2017 a seasonally and working-day adjusted 1.0% on the previous month. For April 2017, revision of the preliminary outcome resulted in a decrease of 2.2% compared with March 2017 (primary -2.1%). Price-adjusted new orders without major orders in manufacturing had decreased in May 2017 a seasonally and working-day adjusted 0.3% on the previous month.

In May 2017, domestic orders decreased by 1.9% while foreign orders increased by 3.1% on the previous month. New orders from the euro area were up 1.7%, new orders from other countries increased 4.0% compared to April 2017.

In May 2017 the manufacturers of intermediate goods saw new orders fall by 0.7% compared with April 2017. The manufacturers of capital goods showed increases of 2.6% on the previous month. For consumer goods, a decrease in new orders of 2.9% was recorded.

EUR/USD

Resistance levels (open interest**, contracts)

$1.1460 (2527)

$1.1439 (2740)

$1.1392 (3487)

Price at time of writing this review: $1.1336

Support levels (open interest**, contracts):

$1.1294 (2816)

$1.1247 (2234)

$1.1199 (3429)

Comments:

- Overall open interest on the CALL options and PUT options with the expiration date July, 7 is 77306 contracts (according to data from July, 5) with the maximum number of contracts with strike price $1,1150 (4571);

GBP/USD

Resistance levels (open interest**, contracts)

$1.3059 (2133)

$1.3022 (2104)

$1.2994 (2244)

Price at time of writing this review: $1.2941

Support levels (open interest**, contracts):

$1.2918 (991)

$1.2860 (1328)

$1.2796 (3699)

Comments:

- Overall open interest on the CALL options with the expiration date July, 7 is 35189 contracts, with the maximum number of contracts with strike price $1,2800 (2365);

- Overall open interest on the PUT options with the expiration date July, 7 is 35545 contracts, with the maximum number of contracts with strike price $1,2800 (3699);

- The ratio of PUT/CALL was 1.01 versus 0.99 from the previous trading day according to data from July, 5

* - 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.

European stocks ended a choppy session in moderately positive territory on Wednesday, with shares of Adidas AG pushing higher after a broker upgrade, but energy companies slumping on the back of a renewed selloff in oil prices. Equities had trouble finding their footing after falling on Tuesday for the fifth time in six sessions, with risk appetite dented after North Korea said it successfully test-launched an intercontinental ballistic missile.

U.S. stocks ended mostly higher Wednesday in post-holiday trade, powered by gains in technology, health-care and financial shares. Trading marked the first full session in July and follows holiday-shortened trade on Monday, with markets closed Tuesday in observance of Independence Day.

Equity markets in Asia struggled for direction early Thursday after underwhelming overnight moves in Europe and the U.S., as investors adopted a collective wait-and-see attitude. Market participants are especially concerned about the repercussions of North Korea's missile launch earlier this week, in addition to a Group of 20 meeting in Germany and Friday's U.S. jobs report.

(raw materials / closing price /% change)

Oil 45.61 +1.06%

Gold 1,226.50 +0.39%

(index / closing price / change items /% change)

Nikkei +49.28 20081.63 +0.25%

TOPIX +8.93 1618.63 +0.55%

Hang Seng +132.96 25521.97 +0.52%

CSI 300 +39.70 3659.68 +1.10%

Euro Stoxx 50 -1.06 3478.41 -0.03%

FTSE 100 +10.37 7367.60 +0.14%

DAX +16.55 12453.68 +0.13%

CAC 40 +5.20 5180.10 +0.10%

DJIA -1.10 21478.17 -0.01%

S&P 500 +3.53 2432.54 +0.15%

NASDAQ +40.80 6150.86 +0.67%

S&P/TSX +22.51 15153.12 +0.15%

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

EUR/USD $1,1350 +0,03%

GBP/USD $1,2935 +0,09%

USD/CHF Chf0,9637 -0,12%

USD/JPY Y113,19 -0,10%

EUR/JPY Y128,47 -0,07%

GBP/JPY Y146,4 0,00%

AUD/USD $0,7602 -0,03%

NZD/USD $0,7286 +0,04%

USD/CAD C$1,2956 +0,17%