[B]Market At A Glance
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[B]Asia - JPY/CNY[/B]
Shanghai shares drop over 3 percent in the overnight following emerging concerns that the central bank will raise rates in the very near term
Japanese Finance Minister Omi adds to earlier comments by Fukui. Reiterates that policy makers remain focused on currency market fluctuations and support notion that currencies reflect fundamentals.
[B]Europe - EUR/GBP[/B]
April industrial orders for the Eurozone drops 0.4 percent on the month over month figure. Rises 12.2 percent annually, higher than expected.
German IFO current assessment survey prints lower than expected. Shows current evaluation rose to 111.4 in the month of June.
Germany?s Chancellor Merkel continues to persuade Polish President Kaczynski in dropping veto threat for EU rulebook
Swiss National Bank?s Chairman Roth states that economy is thriving with near term outlooks remaining positive.