Market movers for the day – Danske Bank

Research Team at Danske Bank, lists down the market movers for the day.

Key Quotes

“Focus today will be on the Ecofin meeting in the EU where the finance ministers will discuss whether to punish Spain and Portugal with fines for not meeting their budget targets. It comes at a delicate time amid uncertainty over Brexit and no wishes to stir further EU resistance in member countries.

On the data front it is still fairly quiet. The US NFIB small business index is expected to edge slightly higher in June in line with the development seen in both the ISM manufacturing and non-manufacturing indices.

Fed members Kashkari (voter, neutral) and Bullard (voter, neutral) are scheduled to speak. Comments on the effects of Brexit and the stronger upbeat employment numbers in June will be most interesting.”