Morning Update – 23/06/2017 – by Arjun Lakhanpal

June 23, 2017 by

Morning all.. Wall St closed marginally lower in a quiet session as traders watched oil moves. With little data and movement in oil in Asia the Nikkei closed marginally higher in a quiet session. A rather subdued end to the week for Asian markets as oil price action stabilises with WTI holding a very tight range, edging back towards $43/barrel. Asian equities broadly in the green bar the SHCOMP despite a weak close from the US driven by financial share underperformance, with tight ranges across the majority of FX markets on light volumes. In EM, USDKRW saw a brief rally that has since retraced on local media reports that the US Defence Ministry rebuked President Moon’s comments regarding future missile launcher installations. On the political front, news from the UK of more concessions from the UK side, with UK PM Theresa May to allow EU citizens to stay in UK. Those who had lived in Britain for five years would have “settled status” and would be eligible to the same healthcare, pensions, benefits and education rights as British nationals, with full details of the offer to be released on Monday.. this morning we get PMI data from across Europe and French GDP  Good luck.