EMEA Morning Briefing : Stocks Dumped Again and -2-

President Biden affirmed his support for the sale of a new fleet of F-16 jet fighters to Turkey on Thursday, two days after the Turkish president dropped his threatened veto of Sweden and Finland's membership in the North Atlantic Treaty Organization.

"We should sell them the F-16 jets and modernize those jets as well. It's not in our interest not to do that," Mr. Biden said at a news conference after the NATO leaders' summit in Madrid.

New Zealand, European Union Settle on Free-Trade Agreement

SYDNEY-New Zealand has concluded negotiations for a free-trade deal with the European Union, eliminating tariffs on exports including wine, manuka honey, apples and most seafood.

The deal provides duty-free access on 97% of New Zealand's existing exports to its fourth-largest trading partner after China, Australia and the U.S.

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Expected Major Events for Friday

00:01/IRL: Jun Ireland Manufacturing PMI

07:00/POL: Jun Poland Manufacturing PMI

07:00/NED: Jun Netherlands Manufacturing PMI

07:00/TUR: Jun Turkey Manufacturing PMI

07:15/SPN: Jun Spain Manufacturing PMI

07:30/CZE: Jun Czech Republic Manufacturing PMI

07:30/SWI: Jun procure.ch Purchasing Managers' Index

07:45/ITA: Jun Italy Manufacturing PMI

07:50/FRA: Jun France Manufacturing PMI

07:55/GER: Jun Germany Manufacturing PMI

08:00/EU: Jun Eurozone Manufacturing PMI

08:00/GRE: Jun Greece Manufacturing PMI

08:30/UK: May Monetary & Financial Statistics

08:30/UK: May Bank of England effective interest rates

08:30/UK: May Money and Credit - Lending to Individuals, Lending to Businesses, Broad Money and Credit

08:30/UK: 4Q Postcode Lending statistics

08:30/UK: Jun S&P Global / CIPS UK Manufacturing PMI

09:00/ITA: Jun Provisional CPI

09:00/ITA: Jun Cities CPI

09:00/EU: Jun Flash Estimate euro area inflation

09:00/CYP: Apr Retail trade

09:00/DEN: Jun Danish PMI

10:00/POR: May Industrial production index

15:59/UKR: May Industrial Production

16:59/AUT: Jun Unemployment figures

All times in GMT. Powered by Onclusive and Dow Jones.

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This article is a text version of a Wall Street Journal newsletter published earlier today.

(END) Dow Jones Newswires

07-01-22 0039ET