Markets / Economic Data ... .....
Tumbling Dice - The Stones......
PBOC devalues the Yuan fix above 6.60 - first time since January 2011....
30 year JGB just 22 bps to 0%.....
USD/CNH EXTENDS GAIN TO 6.6137 IN ASIA; RESISTANCE AT 6.6188
Oil price falling again , as inventories are building again....
Another down day......
Fitch affirms Deutsche Bank at A-; Outlook stable. Says on track w/targets. Markets disagree https://www.fitchratings.com/site/pressrelease?id=1006047 …
#China’s dom equities denied entry into MSCI's benchmark indexes, setback for President Xi's effort to turn Yuan into reserve currency (BBG)
Since the ECB went negative in June '14:
German Equities, Unhedged: -20%
German Equities, Hedged: -5%
3x Bunds: +55%
Chart: Italy is still in deflation as well -
Chart: Spain remains firmly in deflation -
State of play...
The bond world getting more negative by the day. #Germany's 5y yields just hit fresh life-time low at -0.439%
Japan's Nikkei drops another 1.0% to 15859.00 as #Brexit fears spur safe haven flows and drive Yen beyond 106.
Retail sales data...
Business Inventories data...
Asia overnight , Europe morning updates and then US look ahead...
Brexit......
Polling .....
ComRes/Sun phone poll: Remain 50½% -5½, Leave 49½% +5½ change since 17 May, excl don't knows
ComRes/Sun
EU Referendum, Phone: IN lead 1
IN 46(-6)
OUT 45(+4)
DK 9(+2)
#EURef
Results from the @ConwayHall #EUref debate.
Before: Remain 47%, Leave 23%, DK 30%
After: Remain 43%, Leave 44%, DK 12%
EU referendum poll:
Remain: 40% (-1)
Leave: 47% (+4)
(via TNS, online)
News & Views.....
Whatever Dude , whatever ......
Agriculture could lose out, but most farmers seems to back Brexit http://econ.st/1Pr3Yt8
Interesting Juncker will visit UK next week - will be interesting to see what words of wisdom he has for UK voters.
It now looks as if there is a precedent for participating in the Single Market while operating a quota system...
Ladbrokes: #Brexit chances hit all-time high of 43%. (BBG)
Greece.....
State missed out on 637 mln in taxes in 2015 due to illegal tobacco trade http://dlvr.it/LYqVFr
Aid due soon, officials say, amid tensions over austerity rally http://dlvr.it/LYpSvS
Police clear more migrant camps near the border, warn of arrests http://dlvr.it/LYpSys
Train and civil aviation employees herald protests against austerity measures http://dlvr.it/LYntvk
EU ministers to hold last-chance meeting on transactions tax http://dlvr.it/LYnts6
Skai TV condemns midnight raid by prosecutor http://dlvr.it/LYnPWF
‘Resign’ movement ‘hostile to the country,’ says gov’t spokeswoman http://dlvr.it/LYdcbr
Odds & Ends....
#Italy - New @RaiBallaro poll on Constitutional referendum: No 33%, Yes 29%, Don't know 38%. Not easy for Renzi.
#Libya: Desperately needed drugs & med supplies arrive in Misrata--from Ghwail's gov in Tripoli, NOT UN's Sarraj gov
If accurate-Raqqah could fall fast. ISIS Treasurer (Saudi native ) fled , taking all of ISIS cash/gold & valuables.
Paris prosecutor: Larossi Aballa told police he pledged allegiance to ISIS 3 wks ago,responding to call to “kill unbelievers in their homes”
WATCH: Tear gas in #Paris amidst anti-labor reform protest https://www.rt.com/on-air/paris-labour-reform-protesters/ … #LoiTravail #manif14juin
'Arrest imminent' as police hunt for possible accomplices of Orlando attacker http://ind.pn/1VX2ygy
Omar Mateen had a second wife who apparently knew about his attack plans: http://slate.me/1toGoIw
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