Markets & market moving news....
This week's Fed & BOJ Meetings going to be disappointments , especially Japan.
So , we are starting to see the reaction to today's FOMC Meeting....as Z.H notes , "Currency-Nado."
CHINA SETS YUAN FIXING AT 6.5739 VS 6.6001 DAY EARLIER
starting off well: AUSTRALIAN 10-YEAR BOND YIELD FALLS TO RECORD 2.03%.
This is central bank failure
Oh hai! This morning in endangered JGB yields
5-yr falls to record -0.3% 10-yr to record -0.205% 20-yr to record 0.12% 30-yr to record 0.19%
JAPAN'S 10-YEAR YIELD FALLS TO RECORD MINUS 0.205%
Steve Liesman drops the mic...
July odds: - 5.9% hike - 1.9% cut
#Fed turns next rate hike into its Godot. http://www.breakingviews.com/21251980.article?h=54ca38517cde35ddb3e5b5e0da10eeb9&s=2 …
US index Dow Jones plunges just after Yellen has finished Fed press conference. Ends down 34.65 at 17,640.17.
Recall initial move often not indicative of real reaction after FOMC decision/statement& presser.Takes several days.
Weaker than expected. ..
Fed in a bit of a box with rising PPI...
( Much more at my Twitter timeline... )
"The Lisbon Treaty includes Article 50 which does contemplate the departure of an EU member." - JPM
Regarding Brexit "risks & consequences " - "hardly the stuff that economic calamity is made of."
Important read for today from A.E.P .....
Michael Gove becomes 66th MP to say he'll rebel against Osborne's 'Brexit budget.' #EURef
REMAIN has 19% lead in Scotland according to new Ipsos-MORI Scotland poll REMAIN 52% LEAVE 33% Sharply down on the 37% margin in April
Looks like both Cameron & Osborne very vulnerable post UK referendum vote ....
The TNS survey indicated 53 per cent of Scots will back Brexit next week, with 47 per cent opting to stay in Europe.
Tory MP Steve Baker dismisses George Osborne emergency budget plan as "scare tactic" not serious budget. #EURef
In promising to punish voters if they defy him on Brexit, George Osborne is shredding his own reputation. My blog: http://blogs.spectator.co.uk/2016/06/george-osborne-threatens-punish-voters-tax-rises-defy-brexit/ …
BoG head warns of numerous risks http://dlvr.it/LZGfjt
Debit card use soars due to capital controls http://dlvr.it/LZGfq3
Recipients of big loans are checked for money sent abroad http://dlvr.it/LZH9JT
House price decline set to continue http://dlvr.it/LZGfns
ATHEX: Stocks keep sliding, taking index to a 2-month low http://dlvr.it/LZGfXB
Athens awaits green light on aid from Eurogroup after protest http://dlvr.it/LZGBFZ
EC prods Greece to enforce Dublin Regulation http://dlvr.it/LZFjHq
#NBG completes sale of 99.81% stake in Finansbank to Qatar National Bank for consideration of €2.75 bln. #Greece #economy #banking #markets
At least Greece gets something out of EU attempts to tamp down Brexit fears - Greece to get 7.5 BN "early" next week
Will be interesting to see what type of investigation occurs ...
So many holes in the dike..
Great escape from Libya continues...
UN resolution backs EU naval crackdown on #Libya arms smuggling and migrant smuggling vessels
Still can't reach quorum. .
Odds & Ends......
Unanswered question. How many sympathizers of ISIS , who are prepared to act , are out there in the US ?
How did she get these plans - keep in mind , she's an undocumented illegal alien ?
Could be a sick mind , could be a wannabe copycat - police naturally have to treat this as 100 % legit threat.
Killer called one friend during murder spree. That friend has been interviewed by investigators.
He made inflammatory comments of such a nature-he was permanently removed from Courthouse detail. What did he say?
#BREAKING: EgyptAir wreckage found in Mediterranean. More to follow.
fred walton @fredwalton216
Cautionary advisory to twirps in France & Belgium specifically, Europe generally....be vigilant !
Visa Free Travel not going to happen by July 1st - check announced to Erdogan..
After 9 months , just 2, 000 refugees relocated...
Desperate ISIS imposes another fee to raise cash...
#Raqqa #ISIS Whipped dozen several Civilians 80 Lashes in front of Raqqa Museum because they are not Fasting #Syria #ISIL