Societe Generale in its early Wednesday economic news summary pointed out:
Brent testing 200dma at US$78.4/barrel, support below US$75/US$73, resistance US$86/barrel. Bund key support 2.90%, United States 10-year on 50dma (4.42%). The U.S. to grant immediate waivers for Iran's oil exports after the signing of the Memorandum of Understanding (WSJ). Iran repeats 2015 commitment to never produce nuclear weapons, concessions to be discussed during 60-day technical negotiations (CNN).
United Kingdom's May consumer price index below forecast excluding services: headline unchanged at 2.8% year over year, core up to 2.6% versus 2.5%, services accelerate to 3.7%.
Sweden's Riksbank keeps policy rate on hold at 1.75%, neutral bias. Statement: inflation is currently below the target and the recent outcomes have been clearly lower than the forecast in March.
Day ahead: Federal Reserve FOMC forecast is for no change, U.S. retail sales. Brazil's central bank forecast to cut by 25bps. European Central Bank speaker Sleijpen. Eurozone final CPI, ECB wage tracker. South Africa's CPI.
Nikkei +0.7%, EUR 10-year IRS -1bp at 2.965%, Gold -0.3% at US$4,327/oz.