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FOREX

China Data In Awaited

JAPAN DATA

Japan May Exports +49.6% Y/Y; 3rd Monthly Rise

US TSYS

Flat Start

US EURODLR FUTURES

EDN1 Given

JAPAN DATA

Japan Apr Machine Orders Slows; +0.6% M/M

UK
UK: Following last night's leadership debate, Boris Johnson remains the odds on
favourite to both get through to the final two candidates and to win the ballot
among party members.
- Today we will have the third round of voting from MPs with results expected
again around 1800BST. This will whittle the race down to the final 4 (from 5).
Sajid Javid is most likely to be knocked out at this stage.
- Tomorrow we have two votes, with the first seeing the field cut from 4 to 3
with results expected around 1300BST and the final round seeing the field cut
from 3 to the final two with results expected around 1800BST. Rory Stewart is
doing much better than expected but it would still be a surprise if the final
run-off was anything other than Johnson vs Hunt.