Thursday, June 23, 2016

Economic News , Data & Views .... June 23 , 2016 ...... Quick Hits - 1. Markets In Risk On Mode As Brexit Fears Fade away - In The Eyes Of Market Participants. 2. Brexit News - Primarily Picking Up From Close Of Polls . 3. Greece News De Jour. 4. Odds & Ends. )



Markets......



The Volatility Index rose 14.6% yesterday and dropped 18.5% today. Not a common occurrence.






Largest Junk Bond ETF at a 1-year high, 1% away from a new all-time high.






Emerging Market Sovereign Bond Index at new all-time highs.






Pound volatility has crashed while polling stations still open as speculators sell vol out of fear of boring results







Markets are slavishly tracking odds. Dow tops 18K ahead of Brexit vote results as higher Pound seen as pos





Brexit .....


( Much More At Twitter Timeline - From Earlier Today  )






UK: Turnout: 69.4% (projection).







If Leave wins it would be a bit of a victory for polls (which showed it very close) versus conventional wisdom (quite confident of Remain).








"Labour sources admit it looks like Leave will come out on top in the North East" - BBC's Richard Moss






WOW








17,000 majority for Leave in Hartlepool








Dundee we wanted at least 32.6%, we got 40.2%







+37.2 points for Leave, vs a 25.4 point lead suggested by 's model









Shetland Islands we wanted 36.2%, we got 43.4%






We wanted at least 56% from South Tyneside, got 62.0%







We wanted 64.6% from Broxbourne, we got 66.2%








We wanted 52.7% from Swindon, so 54.6% we're pleased with







Sunderland, result: Remain: 38.7% (51,930) Leave: 61.3% (82,394)







Wanted at least 47.2% from Newcastle-upon-Tyne so 49.3% is very good







UK: Orkney, European Union Membership Referendum Result: Remain: 63.2% Leave: 36.8%





UK: Newcastle upon Tyne, European Union Membership Referendum Result: Remain: 50.7% Leave: 49.4%






 

Gibraltar, European Union Membership Referendum Result: Remain: 19,322 Leave: 823 Turnout: 84%











Gibraltar, European Union Membership Referendum Result: Remain: 95.9% Leave: 4.1% Turnout: 84%









*Breaking* Labour source expects comfortable win in Sunderland. Closer in Newcastle







Source close to Boris says the tube thing is total nonsense, and BoJo told him "it could go either way".













Looks like someone told Farage to clean up the mess he made with his big arse mouth...







SPOKESMAN FOR LEAVE.EU SAYS FARAGE JUST TOLD HIM HE DOES NOT HAVE ANY BETTER IDEA THAN ANYONE ELSE DOES ABOUT EU REFERENDUM RESULT: RTRS








Farage offers his opinion. We shall see if he's right or wrong.







turnout estimated at over 80%, despite the bad weather. Good news that people actually care, very good news for .







Not an exit poll...






Greece.....






A referendum’s legacy of division








Constitutional expert critical of gov't moves on TV permits










Fears over tensions in centers after migrant dies








About 4,500 migrants rescued in wave of Med crossings






RBS receives bids for Greek ship finance business








Odds & Ends....




police officer acquitted of murder charge








Deutsche Bank reorganizing German units, eliminating nearly 3,000 jobs:







Bahrain began court proceedings to dissolve the main Shia opposition bloc Al-Wefaq















Now Erdogan threatens to hold a referendum on whether Turkey should continue negotiations with the EU.