FAST FIVE: "Sea Of Red": Global Stocks Tumble After Dismal Chinese Data, Broadcom Bust

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In FX, the safe haven yen advanced after data showed China industrial output slowed in May to its weakest pace since 2002.

Expected data include retail sales, industrial production and University of Michigan Consumer Sentiment Index.

0.2%, prior -0.5%; Manufacturing (SIC) Production, est.

If the trade war evolves as we expect, the PBoC is likely to ease rates policy and allow the yuan to weaken to as far as 7.3 versus the dollar.

This morning in Asia equity markets are mostly trading lower.

Categories: ZH