Morning Update – 06/06/2017 – by Arjun Lakhanpal

Morning all.. Wall St finished a quiet session slightly lower with S&P closing down 0.12% . The dollar weakened and equities retreated as investors turned cautious following a seven-week surge for global stocks. Gold rose and oil extended declines. The Nikkei closed lower as USDJPY fell on the back of lower US yields, falling 0.52%. Havens were in favour, with the U.S. currency trading at an eight-month low and 10-year Treasury yields near the lowest since November. The yen strengthened to the highest in more than a month, weighing on Japanese shares. The Aussie dollar reversed losses after the central bank left its benchmark interest rate unchanged. Oil extended declines as traders downplayed concerns that Qatar’s turmoil would hamper supply from the country. Attention this week has shifted to Britain’s election and testimony from former FBI head James Comey on Thursday. Data this morning includes EU retail sales. Good luck