Tuesday, June 14, 2016

Economic News & Data & Views .... June 14, 2016 ..... Quick Hits 1. Markets : Markets ; Economic Data ; Market Moving News. 2. Brexit - Polling Data , News & Views . 3. Greece - News For Wednesday . 4.Odds & Ends. )


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









’s dom equities denied entry into MSCI's benchmark indexes, setback for President Xi's effort to turn Yuan into reserve currency (BBG)








fears drive EU further apart, at least at the bond markets. risk spreads on the rise again.








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. 's 5y yields just hit fresh life-time low at -0.439%








Japan's Nikkei drops another 1.0% to 15859.00 as 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)







Results from the 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








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: chances hit all-time high of 43%. (BBG)







Greece.....







State missed out on 637 mln in taxes in 2015 due to illegal tobacco trade







Aid due soon, officials say, amid tensions over austerity rally








Police clear more migrant camps near the border, warn of arrests








Train and civil aviation employees herald protests against austerity measures









EU ministers to hold last-chance meeting on transactions tax









Skai TV condemns midnight raid by prosecutor







‘Resign’ movement ‘hostile to the country,’ says gov’t spokeswoman







Odds & Ends....





- New poll on Constitutional referendum: No 33%, Yes 29%, Don't know 38%. Not easy for Renzi.








: 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”








prosecutor says police attacker pledged allegiance to . Investigators found list of targets incl journalists & police. -
















'Arrest imminent' as police hunt for possible accomplices of Orlando attacker















Omar Mateen had a second wife who apparently knew about his attack plans:





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