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***Below gives levels of key markets.......>

SNAPSHOT
SNAPSHOT: ***Below gives levels of key markets ahead of London session:
- Xetra-DAX called down 23 points at the open
- FTSE-100 called down 45 points at the open
- Dow called up 15 points at the open
- US 10-year note yield at 2.9535%, UP 0.4bps
- Bunds called little changed at open
- Spot euro-dollar is 9 pips lower, currently at $1.1914
- Spot dollar-yen down 2 pips, currently at Y109.08
- Brent crude oil down 77 cents, currently at $75.40
- Spot gold falls 2.33 dollars, currently at $1311.78
* ECB'S PRAET SEES NO REASON TO WORRY ABOUT EZ SLOWDOWN YET (BBG)
* ECB'S SMETS: ECB COULD TAKE STEPS TO PHASE OUT QE THIS SUMMER (WSJ)
* UK PM MAY IS SAID TO DELAY CABINET DISCUSSION ON CUSTOMS PLAN (THE TIMES)
* ITALY PARTY LEADERS PUSH BACK AGAINST PRESIDENT'S CALL FOR 'NEUTRAL' GOV'T
* UNSWAYED BY ALLIES, TRUMP IS EXPECTED TO LEAVE IRAN DEAL (NYT)

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