<a href="http://zentrade.online/london-trading-session-heads-up-tuesday-june-27-2017/"><img alt="London Trading Session Heads Up Tuesday, June 27, 2017" src="http://zentrade.online/wp-content/uploads/2017/06/steem_tmp-7.png"></a><br><br>Dear Steemians! For your attention London opening news digest.
<p><b>City: Questioning Italy’s Bank Deal, Loeb’s Chances at Nestlé, CoCos’ Coming of Age</b><br>Good morning from the WSJ City desks in London. WSJ City is the app that delivers fast, smart news on mobile for London. Download for iPhone or Android. Here’s essential reading on today’s developments.  MUST READS FROM WSJ CITY Europe’s solution to the failure of two small Italian banks poses two big questions: why weren’t they dealt with under the tough new resolution regime and […] (wsj.com)</p>
<p><b>AUD/USD Technical Analysis: Eyeing June Top Once Again</b><br>Near-term positioning is much too congested to make for an attractive trading opportunity. An actionable opportunity may emerge if the pair secures a foothold above the 0.76 figure or demonstratively fails to break it and reverses downward. To receive Ilya's analysis directly via email, please SIGN UP HEREThe Australian Dollar is attempting to rebuild upside momentum against its US namesake after a short-lived pullback found support above the 0.75 figure once again. Prices are on pace to breach short-term resistance, leading to a test of the monthly high. Alternatively, a move back below the 14.6% Fib at 0.7578 opens the door for a retest of the 0.7517-33 zone (resistance-turned-support, June 22 swing low). (dailyfx.com)</p>
<p><b>NZD/USD Technical Analysis: Monthly High Back in Play</b><br>Have a question about trading NZD/USD? Join a trading Q&A webinar and ask it live! To receive Ilya's analysis directly via email, please SIGN UP HEREThe New Zealand Dollaris once again testing familiar resistance above the 0.73 figure marking a five-month high against its US counterpart. Prices are too close to resistance to justify chasing the near-term up move from a risk/reward perspective. A daily close above the June 14 high at 0.7320 opens the door for a challenge of the 0.7377-82 area (38.2% Fibonacci expansion, double top). Early hints at negative RSI divergence – a sign of ebbing upside momentum – may be starting to take shape but a clear-cut bearish reversal signal is decidedly absent. (dailyfx.com)</p>
<p><b>Asia Equity Mixed As Oil Gains, Yellen Comments Loom</b><br>He promised more reform to make access to Chinese markets easier for foreign firms and, in familiar theme, urged the world not to abandon globalization. Chinese markets were more mixed as investors digested a combative speech from Premier Li Keqiang. The Australian Dollar often reacts to China news and investors in it seemed to like what they heard from Li. The US Dollar hit its highest level in nearly five weeks against the Japanese Yen as markets anticipated comments from Federal Reserve Chair Janet Yellen who will speak in London later. The day’s data focus will be on the US, with consumer confidence figures due along with Case Shiller housing numbers. (dailyfx.com)</p>
<p><b>Pound May Turn Volatile on FSR Release, US Dollar Eyeing Yellen</b><br>Later in the day, the spotlight will turn to a speech from Fed Chair Janet Yellen. The move may reflect pre-positioning before Janet Yellen picks up the microphone. If the FOMC truly intends to tighten further it will need to dial up the rhetoric, lest an out-of-consensus rate hike triggers undesirable volatility. Traders will look for rhetoric that goes beyond familiar generalities to convince investors that the central bank’s confidence in forecasting another rate hike in 2017 is not misplaced. Comments confirming as much might be interpreted as a first step toward broader tightening and boost the British Pound. (dailyfx.com)</p>
<p><b>Dollar strength pinned by lack of Fed trust</b><br>A week packed with speeches from Federal Reserve and other senior central bank officials. Forex investors' refuse to believe the Federal Reserve will raise rates yet again this year, which held the dollar back at the start of a week. EUR/USD traded at 1.1179, near its highest level since June 15 when it traded as high as 1.229.  She is preceded by European Central Bank chief Mario Draghi on Monday, watched for signs he is ready to let the ECB move more forcibly towards a reduction in emergency stimulus for the economy this year that should support the euro. This weighed on Treasury yields which stayed near historically low levels and halted any progress for the greenback. (realtimeforex.com)</p>
<p><b>Sensex, Nifty Give Up Early Gains As Bank Shares Slide</b><br>SBI fell about 2 percent, Bank of India tumbled 3 percent and PNB lost 4 percent after the Reserve Bank of India asked banks to make higher provisioning on 12 large loan accounts. The benchmark BSE Sensex was down 83 points or 0.27 percent at 31,055, while the broader Nifty index was down 16 points or 0.17 percent at 9,558. Infibeam Incorporation gained 1 percent after it proposed to consider a stock split. Jaypee Group stocks rallied, with Jaiprakash Associates climbing 8 percent while Jaypee Infratech shares were locked at the 20 percent upper circuit limit. HPCL dropped almost 2 percent on reports that it is in talks to buy stake in Russian oil fields. (rttnews.com)</p>
<p><b>South Korea Consumer Confidence Strengthens Further</b><br>South Korea's consumer confidence improved for the fifth successive month in June, survey data from Bank of Korea showed Tuesday. The consumer sentiment climbed to 111.1 in June fro 108.0 in the preceding month. What parts of the world are seeing the best (and worst) economic performances lately?  See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more. The expectation for inflation over the following year was 2.6 percent. (rttnews.com)</p>
<p><b>Asian Markets Mostly Higher</b><br>Asian markets are mostly higher on Tuesday, though gains are modest, following the lackluster cues overnight from Wall Street. Crude oil futures crept higher Monday, stemming steep recent losses on talk of OPEC's resolve to re-balance oil markets. The Japanese market is rising despite the lackluster cues overnight from Wall Street, as a weaker yen boosted shares of exporters. Woodside Petroleum is down 0.6 percent, Santos is losing 0.7 percent and Oil Search is lower by almost 1 percent. The Australian market is declining in the absence of a clear lead from Wall Street and following the release of weaker than expected U.S. economic data. (rttnews.com)</p>
<p><b>Sensex, Nifty Seen Flat To Slightly Lower</b><br>U.S. stocks ended mixed overnight as oil prices fluctuated and data on durable goods orders disappointed investors. Indian shares may open a tad lower on Tuesday as traders return to their desks after a long holiday weekend. Crude oil futures held little changed above $43 a barrel, while gold extended overnight losses on a firmer dollar. Asian stocks are trading mixed this morning ahead of Federal Reserve Chair Janet Yellen's speech due later in the day. While the tech-heavy Nasdaq dropped 0.3 percent, the Dow and the S&P 500 edged up marginally. (rttnews.com)</p>
<p><b>Japanese Market Rises</b><br>Shares of Takata, which has filed for bankruptcy protection, will be removed from the Tokyo Stock Exchange on July 27, the stock exchange operator said. The Japanese stock market is rising on Tuesday despite the lackluster cues overnight from Wall Street, as a weaker yen boosted shares of exporters. Crude oil futures crept higher Monday, stemming steep recent losses on talk of OPEC's resolve to re-balance oil markets. In the currency market, the U.S. dollar is trading in the 112 yen-range on Tuesday. In late-morning trades, the benchmark Nikkei 225 Index is up 78.31 points or 0.39 percent to 20,231.66, off a high of 20,250.10. (rttnews.com)</p>
<p><b>Steady Start Tipped For Thai Stock Market</b><br>The win streak has hit three sessions for the Thai stock market, which has gathered almost 10 points or 0.6 percent in that span. The Stock Exchange of Thailand now rests just above the 1,585-point plateau and it is expected to hold steady in that neighborhood again on Tuesday. The global forecast for the Asian markets continues to be cloudy, with soft economic data tempered by a mild rebound in crude oil prices. The European and U.S. markets were mixed and little changed and the Asian bourses figure to follow suit. For the day, the index collected 3.25 points or 0.21 percent to finish at 1,585.61 after trading between 1,584.28 and 1,589.69. (rttnews.com)</p>
<p><b>Australian Market Declines</b><br>Crude oil futures crept higher Monday, stemming steep recent losses on talk of OPEC's resolve to re-balance oil markets. In the currency market, the Australian dollar is higher against the U.S. dollar on Tuesday. The Australian stock market is declining on Tuesday in the absence of a clear lead from Wall Street and following the release of weaker than expected U.S. economic data. Mining and oil stocks are lower, while banks are advancing. Oil stocks are also declining despite crude oil prices edging higher overnight. (rttnews.com)</p>
<p><b>Mild Upside Tipped For Hong Kong Bourse</b><br>The Hong Kong stock market on Monday halted the four-day slide in which it had surrendered more than 250 points or 1 percent. The Hang Seng Index now rests just above the 25,870-point plateau and it may extend its gains again on Tuesday. The global forecast for the Asian markets continues to be cloudy, with soft economic data tempered by a mild rebound in crude oil prices. The Hang Seng finished modestly higher on Monday following gains from the financials, casinos and oil companies. For the day, the index surged 201.84 points or 0.79 percent to finish at 25,871.89 after trading between 25,720.38 and 25,875.48. (rttnews.com)</p>
<p><b>China Stock Market Draws Flat Lead For Tuesday</b><br>The China stock market has finished higher in back-to-back sessions, gathering almost 40 points or 1.3 percent along the way. Among the actives, Agricultural Bank of China shed 0.28 percent, while Industrial and Commercial Bank of China lost 0.58 percent, Bank of China fell 0.27 percent, Vanke surged 10.01 percent, Gemdale soared 4.63 percent, PetroChina eased 0.13 percent, China Petroleum and Chemical dipped 0.17 percent and Zijin Mining added 0.30 percent. The Shanghai Composite Index now rests just above the 3,185-point plateau, although the rally may run out of steam on Tuesday. For the day, the index climbed 27.57 points or 0.87 percent to finish at 3,185.44 after trading between 3,156.98 and 3,187.89. Crude oil futures nudged higher Monday, rising from 10-month lows as buyers found value after the recent collapse. (rttnews.com)</p>
<p><b>Profit Taking Likely For Taiwan Bourse</b><br>Now at a fresh 27-year closing high, the Taiwan Stock Exchange now rests just above the 10,510-point plateau, although investors figure to cash in on Tuesday. Crude oil futures nudged higher Monday, rising from 10-month lows as buyers found value after the recent collapse. The Taiwan stock market bounced higher again on Monday, one session after it had snapped the six-day winning streak in which it had surged more than 300 points or 3.1 percent. The TSE finished sharply higher on Monday following gains from the financials, technology stocks, chemicals and steel producers. The European and U.S. markets were mixed and little changed and the Asian bourses figure to follow suit. (rttnews.com)</p>
<p><b>New Zealand May Trade Surplus NZ$103 Million</b><br>New Zealand posted a merchandise trade surplus of NZ$103 million in May, Statistics New Zealand said on Tuesday - representing 2.1 percent of exports. Goods exports to China rose NZ$140 million (17 percent) and goods exports to Japan advanced NZ$96 million (34 percent). Capital goods fell NZ$22 million (2.3 percent), while passenger motor cars gained NZ$87 million (23 percent) and petrol and avgas rose NZ$62 million (91 percent). The headline figure was shy of expectations for a surplus of NZ$419 million and down from the downwardly revised NZ$536 million a month earlier (originally NZ$578 million). Exports of milk powder, butter, and cheese rose NZ$342 million (42 percent), while meat and edible offal rose NZ$30 million (4.5 percent). (rttnews.com)</p>
<p><b>Singapore Stock Market Likely Rangebound On Tuesday</b><br>Ahead of Monday's holiday for Eid-ul-Fitr, the Singapore stock market has turned lower again - one session after it had ended the two-day losing streak in which it had surrendered more than 45 points or 1.4 percent. The Straits Times Index now rests just beneath the 3,210-point plateau and it figures to hold steady on Tuesday. The global forecast for the Asian markets continues to be cloudy, with soft economic data tempered by a mild rebound in crude oil prices. For the day, the index slid 6.08 points or 0.19 percent to finish at 3,209.47 after trading between 3,200.21 and 3,223.60. The European and U.S. markets were mixed and little changed and the Asian bourses figure to follow suit. (rttnews.com)</p>
<p><b>New Zealand Has NZ$103 Million Surplus In May</b><br>New Zealand had a merchandise trade surplus of NZ$103 million in May, Statistics New Zealand said on Tuesday. That was shy of expectations for a surplus of NZ$419 million and down from the downwardly revised NZ$536 million a month earlier (originally NZ$578 million). Imports jumped an annual 15.0 percent to NZ$4.85 billion versus expectations for NZ$4.48 billion and up from NZ$4.16 billion.  See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more. Exports were up 8.7 percent on year to NZ$4.95 billion - beating forecasts for NZ$4.93 billion and up from NZ$4.70 billion. (rttnews.com)</p>
<p><b>Tech Shares May Drag South Korea Market Lower</b><br>The South Korea stock market has moved higher in three straight trading days, advancing more than 30 points or 1.3 percent along the way. Crude oil futures nudged higher Monday, rising from 10-month lows as buyers found value after the recent collapse. The European and U.S. markets were mixed and little changed and the Asian bourses figure to follow suit. The global forecast for the Asian markets continues to be cloudy, with soft economic data tempered by a mild rebound in crude oil prices. For the day, the index picked up 10.06 points or 0.42 percent to finish at 2,388.66 after trading between 2,377.88 and 2,390.70. (rttnews.com)</p>
<p><b>New Zealand Trade Data Due On Tuesday</b><br>New Zealand will on Tuesday release May figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity. The trade surplus is expected to come in at NZ$419 million, down from NZ$578 million a month earlier. What parts of the world are seeing the best (and worst) economic performances lately?  See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more. Exports are pegged at NZ$4.93 billion, up from NZ$4.75 billion in the previous month. (rttnews.com)</p>
<p><b>Major Averages Mixed As Traders Consider Near-Term Outlook - U.S. Commentary</b><br>The report said durable goods orders tumbled by 1.1 percent in May after slumping by 0.9 percent in April. Japan's Nikkei 225 Index inched up by 0.1 percent, while Hong Kong's Hang Seng Index climbed by 0.8 percent. Excluding orders for transportation equipment, durable goods orders actually inched up by 0.1 percent in May after falling by 0.5 percent in April. Economists had expected orders to drop by 0.6 percent. Most of the major sectors showed modest moves on the day, contributing to the lackluster performance by the broader markets. (rttnews.com)</p>
<p><b>European stocks decline, but miners buck losses</b><br>European stocks fell Tuesday, led by declines among telecom, industrial and consumer goods shares. Germany's DAX 30 DAX, -0.29% shed 0.2% to 12,744.05 and France's CAC 40 PX1, -0.36% was off 0.3% at 5,281.54. European Central Bank President Mario Draghi early Tuesday defended the bank's monetary stimulus efforts. But showing slight gains were basic materials shares after Chinese Premier Li Keqiang said government initiatives are driving job growth. The Stoxx Europe 600 SXXP, -0.25% eased 0.4% to 387.69. (marketwatch.com)</p><h5>Have a nice trading!</h5><br><br>More details on these and other related news can be found at http://zentrade.online/london-trading-session-heads-up-tuesday-june-27-2017/