Monday, June 20, 2016

Economic News , Data & Views ( June 20 , 2016 ) ........ Quicks Hits 1. Markets : Chinese Bonds Diverge From Remainder Of Bonds For 15 Largest Economies By Rising In Yields ; US Stocks Rally On Receding Brexit Risks ; Gold After Brexit Vote - As Per CPM ; El-Erian Warns ‘Slave-to-the-Market’ View Dents Fed’s Credibility ; Pound Extends Gains . 2. Brexit Items De Jour - Polling , Items Of Note. 3. Odds & Ends. )



Markets......







Chinese bonds diverge from the zero-yield pack, China-US 10-year spread widest in 10 months.







Stocks log solid gains as Brexit concerns ebb








Here's what CPM Group expects gold to do after the Brexit vote:









El-Erian warns ‘Slave-to-the-Market’ view dents Fed’s credibility as markets have veto right









British Pound extends gains. Rise to 1.4695, above 200dma as Remain recaptures lead in polls.







Brexit....




This is far from no longer is pricing in the appropriate risk for a leave vote...






YouGov has LEAVE 2% ahead







Amongst all voters the REMAIN lead in the ORB phone poll is 2%








Financial Times reporting tonight's Natcen poll has a six point Remain lead. Remain: 53% Leave: 47%



















This should lead to some selling of equities the next 2 days... have to get short some cable here..






Last minute reindeer games...







Brexit case , as expressed by Liam Halligan...







Fund passes £1m. Set up by in memory of his wife & now at £1,004,157 after just a few days







Some might interpret this as Ford telling UK staffers how to vote...










Tusk (in the pertinent part) , says the EU is ready for the day after the referendum and any consequences of Brexit.







Odds & Ends....








Furniture-nado...










 

Crazy man of the day thwarted...









When food delivery trucks have to be escorted by armed guards and soldiers guard bakeries...not far from revolution.








I would think things through , before consuming this rice. Maybe do some research. ...


















Libyan Dinar down again in the parallel market - 4 LYD for 1 USD, situation is not improving with electricity or communications.








Virginia Raggi was elected Mayor of Rome , Chiara Appendino was elected Mayor of Turin. Big day for 5 Star Movement.