Monday, June 13, 2016

Economic News , Data & Views ( June 13 , 2016 ) Quick Hits - Monday ( 1. Markets : US Market Action ; Front Running ; Asia / Europe & US Items Of Note ; Weekly Schedule Of Events For Markets. 2. Spanish Debate - Some Highlighted Items . 3. Brexit - Polling For Today , Noteworthy News For The Referendum . 4. Greece Items De Jour . 5. Odds & Ends. )



Markets & Market Moving News....

















If VIX soars the most since August 24 on a 0.8% decline, what happens in a real drop







GBP vol jumps as latest poll shows lead increase & Don't Know to swing towards Leave










Handy schedule for the week -key events for various markets..









Daily review of Asia overnight , Europe this morning and US day to come...








Good morning from Berlin. Asia markets start the week in risk-off mode w/ stronger Yen and JGB yields at fresh lows.









Another week, another low in JGB yields. 's 10y ylds just hit fresh historic low at -0.17% on flight to safety








Nikkei starts week off poorly...













Spain....... Debate snippets .....

( Much more at Spain Report )






Debate starting…









Asked if he would go to Brussels with a €60 billion public spending plan, Iglesias says Spain needs to cut deficit more slowly.









Pablo Iglesias: "Spain has a [tax] revenue problem. Five points behind the European average".










So far, three out of four candidates have said they are not going to bow to Brussels and do any more spending cuts. Will PSOE stand out









This second round was supposed to be about social policies but it has just ended up as economic policies again. Pensions, healthcare, etc.








Candidates are being asked what they would cut to comply with EU deficit rules. Rajoy: "Me? Nothing".









Pablo Iglesias tries to bait Pedro Sánchez: "You must choose between us and the Popular Party, there is no other option".







Rivera trying to scoop up some PP voters by attacking Rajoy on corruption and decency.









Rajoy to Rivera: "A bit of modesty and humility wouldn't do you bad".








Rivera, to Iglesias: "It's not right for foreign regimes to finance parties. You should shut up about this issue".








Brexit......






Looks like we have the real thing -today's ICM poll..












Leave campaign has 6 point lead in both Online and Phone polls








Leave campaign has a majority










ICM poll: The proportion of people who indentify as "Don't Know" falls to 6% and 7% respectively in the Phone and Online survey









ICM poll - % of voters "certain to vote" Leave voters: 83% Remain voters: 76%







- ORB POLL FOR THE TELEGRAPH SHOW 48 PCT OF BRITONS WOULD VOTE TO REMAIN IN EU, 49 PCT VOTE TO LEAVE much closer than Fridays orb poll








woe big swing to stay here covering all risk shorts



















Another brilliant post from economist The stay campaign in a nutshell, the strategy and it's transparency










*PRESIDENT OF GERMAN BANK ASSOC. EXPECTS BREXIT TO GO THROUGH:BZ

















Officials decry selective use of quotes...










Greece......







Excerpt from BoG governor article at .









Greek-French State Ministers Discuss Bilateral Issues in Paris









stock market -3.89% to 594.58, lowest level since May 4. Bank index -7.81% to 44.01, new low since Apr 14.










banks’ funding down €3.86bln MoM to €95.71bln (end-May) from €99.57bln (end-Apr). ELA at €64.81bln (BoG)










Greek police clears migrant camps near border, volunteers detained









building activity falls by 11.5 pct in Mar for 3rd straight decline








Odds & Ends....










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Seemed like he frequented the club a lot , got drunk & had conversations with some of the patrons....







Not surprised to read this , all things consideted...











No HoR session today due to the lack of quorum. Around 70 members & Agilah Saleh were present. Saleh's two deputies were not there.








Chart: Bitcoin above $700 -









Yowza! ' BTC/USD pair did over $100 million in volume today.








Major Italian banks sank 7.08% (-48.79% ytd) at close









5 to 2 SCOTUS decision ......



















Fitch cuts credit outlook to negative, citing delay of consumption tax increase.








Another concern for market participants alongside . continues to devalue it's Yuan.










Donald Trump revokes Washington Post's press credentials report








Deleted official report says Saudi is key funder of Hillary Clinton's presidential campaign


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