Markets & Market Moving News....
"My One and Only Love"
Another reason for why bond yields are falling. China about to become problematic !
ECB are going to have to change rules - or else QE is going to come to a very , very abrupt end !
German 10y Bund yields closed at 0.02%, briefly dropped below 1bp. But see you on Monday for ZERO?
There is no impossible in markets. NEW POST. https://pensionpartners.com/there-is-no-impossible-in-markets/ …
Chart: The 10yr JGB yield -
Chart: The 10yr Bund yield below 2 basis points; just unreal -
Chart: The Swiss 30yr government bond yield is now 7 basis points. Incredible.
EU banks are burning alive. $DB is one of the many victims of #NIRP. Trading 18% below '08 lows. Eighteen percent.
Deutsche Bank shares drop another 4% in tandem w/ lower 10y Bund yields.
Chart: Italian bank shares down 5% on the day, the lowest level in 2 years -
Greek Banks On Cusp Of Improved Liquidity Conditions - http://thecorner.eu/news-europe/greek-banks-on-cusp-of-improved-liquidity-conditions/55223/ … -is that why they are down 10% today?
A whistle-blower is understood to be helping U.S. inquiry into Deutsche Bank trading http://bloom.bg/1Uj8lMl
Buba's Weidmann: CenBanks can't ignore financial stability implications of actions as >75% of German bund yields neg
#France | Industrial production...
UMich Consumer Inflation Expectations Plunge To Record Low http://www.zerohedge.com/news/2016-06-10/umich-consumer-inflation-expectations-plunge-record-low …
UMich: "A sustained reduction in the pace of job creation could prompt consumers to hold down spending"
UMich: "consumers do not think the economy is as strong as it was last year"
Chart: Crude oil down 3% on the day -
#Oil prices plunge as US rig count showed that some drillers were returning to mkt at current levels. Rig count +3.
Another consultant ups its 2016 #oil demand forecast on the back of US gasoline and #India: JBC Energy sees now 1.4m b/d y-on-y growth
"Stairway to the Stars"
Andrew Neil Interviews Farage...
Second poll showing substantial lead for Leave. Leave in front by 6 % .
this will be the narrative all weekend
02:15:28 PM RTRS - EURO BREAKS BELOW 120 YEN TO LOWEST LEVELS SINCE APRIL 2013 FOLLOWING LATEST BREXIT POLL RESULTS
Labor fighting itself , regarding where to stand on Brexit.
Media Gives Blanket Coverage To 'Remain' Defector, Silence On Three Declaring For ‘Leave’ http://bit.ly/22XZaTu
Not a chance...
#Brexit would shut UK out of single market, Berlin warns. http://www.thelocal.de/20160610/brexit-would-shut-uk-out-of-single-market-schuble …
No visa free deal by July 1st , check announced to Erdogan.
48 % of Germans have an unfavorable view of the EU ! GERM-XIT ?
Odds & Ends.....
"I Just Dropped by to Say Hello"
An England fan emerges from the tear gas during clashes with police in Marseille. #EURO2016
At WH Briefing, @brett_mcgurk portrays ISIL in decline: cites morale plummeting, executing their own fighters.
‘Do I need to get killed?’ CHP leader blasts - POLITICS http://www.hurriyetdailynews.com/Default.aspx?pageID=238&nID=100329&NewsCatID=338 … via @HDNER
There are only a couple of scenarios to avoid impasse , however , same scenarios were presented after last election.
Privatization offices blocked by strikers...
20 percent of flights cancelled due to ongoing pilots strike...