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EMEA Morning Briefing: Tepid Start Seen for Shares; Oil Holds Sharp Gains on OPEC Deadlock

Provided by Dow Jones MARKET WRAPS Watch For: Eurozone Retail Sales; Germany Manufacturing Turnover/Orders, ZEW Indicator; U.K. Construction PMI; updates from BMW, Ocado, Sainsbury s, Telenor Opening Call: Europe faces a subdued start on Tuesday, lacking direction. In Asia, shares mostly struggled without Wall Street s lead, oil and gold extended gains, while the dollar and Treasury yields wavered. Equities: European shares face minor losses to start on Tuesday as investors weigh mixed leads, including sharply higher oil prices and the lifting of almost all Covid-19 restrictions in the U.K. on July 19. However, with U.S. markets closed on Monday to mark the Independence Day holiday, trading in Europe may waver until Wall Street reopens.

EMEA Morning Briefing : Tepid Start Seen for Shares; Oil Holds Sharp Gains on OPEC Deadlock

EMEA Morning Briefing : Tepid Start Seen for Shares; Oil Holds Sharp Gains on OPEC Deadlock 07/06/2021 | 12:25am EDT Send by mail : Message : Watch For: Eurozone Retail Sales; Germany Manufacturing Turnover/Orders, ZEW Indicator; U.K. Construction PMI; updates from BMW, Ocado, Sainsbury s, Telenor Opening Call: Europe faces a subdued start on Tuesday, lacking direction. In Asia, shares mostly struggled without Wall Street s lead, oil and gold extended gains, while the dollar and Treasury yields wavered. Equities: European shares face minor losses to start on Tuesday as investors weigh mixed leads, including sharply higher oil prices and the lifting of almost all Covid-19 restrictions in the U.K. on July 19.

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