June 19 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole.
It's been predictably subdued in Asia as a U.S. holiday provides a convenient excuse for stocks to consolidate recent hefty gains before a bevy of central bank meetings this week.
Most indices are down, with the Nikkei off modestly having climbed 22% over a 10-week streak to hit 33-year highs.
The coming week is also jammed with central bank action, led by China on Tuesday where prime loan rates are expected to be cut by 10 basis points.
Futures seem unimpressed with just 21 basis points of tightening priced in by September, though one final hike in July is rated as a decent 70% chance.
Persons:
Wayne Cole, It's, Antony Blinken's, deigned, Kazuo Ueda, Jerome Powell, Isabel Schnabel, Luis de Guindos, Philip Lane, Sam Holmes
Organizations:
Nikkei, NASDAQ, Bank of Japan, Federal, Bank of, ECB, Thomson
Locations:
Wayne, Asia, U.S, Beijing, China, Bank of England, Norway, Switzerland