Catharsis Ours: Economic News , Data & Views .... June 28 , 2016 ... Quick Hits .... 1. Markets & Market Moving News : VIX Whipsaw Continues , Friday Major Spike Reversed By Tuesday's Major Decline ; Low Yield Regimes & NIRP News For Tuesday ; Post Brexit Bounce For Equities , Random Walk Around Stocks ; Crude Oil News De Jour. 2. Post - Brexit World News - UK In Focus . 3. Turkey Has Its Latest Terror Attack - At Least 50 Killed At Ataturk Airport. 4. Odds & Ends .

Markets.....

( Asia Updates )

CHINA SETS YUAN FIXING AT 6.6324 VS 6.6528 DAY EARLIER

‏@zerohedge

Is it still the BOJ's goal to lower interest rates? Because that 0.1% on the 40 Year is really crushing the economy

‏@zerohedge

GBPUSD < 1.33. No Kuroda to the rescue?

‏@MktOutperform

Volatility Index: -21% today, 9th largest decline in history. Last Friday it jumped 49%, 5th largest spike. $VIX

‏@MktOutperform

"I will not stop until Bilello's yield matrix has only one color: red. Whatever it takes." - Mario Draghi

‏@MktOutperform

Negative 8-yr yield club (Swiss/Japan/Germany/Austria/Netherlands) welcomes 3 new members: Finland, Belgium, France

‏@Schuldensuehner

S&P sees #ECB eventually cut rates more deeply into negative terrain.

‏@zerohedge

Friday was 400 calendar days since the S&P 500 hit a new 52-week high. This has happened only 19 times since 1929.

‏@DividendMaster

big rally in stox but 2-10yr curve still at +84bps ...... 

thats your canary in coal mine on growth

‏@zerohedge

Brexit Hedge Unwind Sparks Volumeless Dead Cat Brounce http://www.zerohedge.com/news/2016-06-28/brexit-hedge-unwind-sparks-volumeless-dead-cat-brounce …

‏@fredwalton216

Rebound in Europe & bounce in US futures ,  based on hope for more global coordinated CB interventions. G.L.W.T.

zerohedge @zerohedge

This Is What Draghi Said To Spark Speculation Of Another Global Central Bank Bailout http://www.zerohedge.com/news/2016-06-28/what-draghi-said-spark-speculation-another-global-central-bank-bailout …

‏@zerohedge

Crude draw -3.860MM, Last -5.224MM
Cushing -1.207MM, Last -1.311MM
Gasoline: -416K, Last -1.472MM
Distillate: -832K, Last -1.699MM

‏@JavierBlas2

Good summary from @Citi about limited impact of #Brexit on #oil markets
(Brent is up 2% today, after yesterday drop)

Post Brexit News For Tuesday

‏@BBCNews

"I am sad" - Cameron
"You are out" - Juncker
The story of an emotional #Brexit farewell. 
https://www.snapchat.com/add/bbcnews 

‏@FT

Brexit could spell the beginning of the end for English as an accepted language for the EU http://on.ft.com/291hHLr 

‏@chrisshipitv

NEW: @angelaeagle to challenge Jeremy Corbyn if he does not resign. Most likely to happen tomorrow

‏@Schuldensuehner

This chart shows why Merkel&Co may only talk tough. UK biggest EU export destination http://bloom.bg/297Fo7j  (viaAP)

‏@GuidoFawkes

Boris and May Neck and Neck in @ConHome Members Poll: http://order-order.com/2016/06/28/boris-may-neck-neck/ …

‏@SkyNewsBreak

Sky Sources: President of the European Council #DonaldTusk has turned down a meeting with Scotland's First Minister #NicolaSturgeon

‏@bbclaurak

Breaking - Scottish Labour leader, Kezia Dugdale, says 'if I had lost support of 80pc of my MSPs I could not do my job'

‏@TheStaggers

Labour MPs pass a vote of no confidence in Jeremy Corbyn http://www.newstatesman.com/politics/uk/2016/06/live-blog-jeremy-corbyn-hit-shadow-cabinet-revolt …

‏@geertwilderspvv

My proposal for a NExit referendum was rejected today.
Dutch get a 2nd chance on March 15, 2017, the day of our next general elections!

‏@Livesquawk

S&P: No Intention To Downgrade Any EU Country In Relation To Brexit - BBG

‏@minefornothing

STURGEON SAYS I AM NOT ASKING PARLIAMENT TO BACK AN INDEPENDENCE REFERENDUM AT  THIS STAGE

‏@OpenEurope

Xavier Bettel PM of Luxembourg: Article 50 has to be triggered by the British gov't. #EUCO

‏@OpenEurope

Xavier Bettle: Britain decided for divorce, so it will be divorce. #EUCO

‏@fredwalton216

Left Party leader joins crowd of Opposition leaders , in various European countries , calling for a referendum.

The Local Germany @TheLocalGermany

Left Party leader calls for German referendum on #EU deals after #Brexit  http://www.thelocal.de/20160628/left-party-leader-calls-for-german-referendum-on-eu-trade … 

‏@fredwalton216

An interesting  piece to consider today...

#Brexit #Article50 @ukleave_eu

Brexit Isn't About Leaving Today's European Union: It's About Not Joining Tomorrow's via @forbes http://www.forbes.com/sites/timworstall/2016/06/28/brexit-isnt-about-leaving-todays-european-union-its-about-not-joining-tomorrows/#afacba95b4b0 …

‏@fredwalton216

Hmm , looks like things are proceeding swimmingly,  on the political front , between UK & EU.

The Int'l Spectator @intlspectator

BREAKING: President of the European Council says the EU is ready to split with

‏@fredwalton216

Merkel and Michel might want to calm down Juncker...

Open Europe @OpenEurope

Michel, Belgian PM: We can't force Cameron to trigger Article 50. #EUCO #Brexit

‏@mattholehouse

Juncker says he has imposed a Presidential Ban on all contact between EU officials and UK officials until Art 50.

‏@fredwalton216

So , as per Alex Salmond , Scotland apparently can't block Brexit..

David Jones @DavidJo52951945

Alex Salmond admits Scotland can't block Brexit http://www.scotsman.com/news/uk/holyrood-can-t-block-brexit-admits-alex-salmond-1-4163587#ixzz4Cr1G79lU …

‏@fredwalton216

Great climate for negotiations....

Pieter Cleppe @pietercleppe

POWER STRUGGLE BETWEEN EU COMMISSION AND COUNCIL OVER #BREXIT NEGOTIATIONS: http://www.politico.eu/newsletter/playbook/politico-brussels-playbook-presented-by-eu-health-parliament-brexit-heat-in-brussels-parliament-coup-in-the-works/ …

Ataturk Airport Terror Attack ...

‏@FoxNews

Breaking News: Official: Up to 50 dead in #Istanbul Ataturk Airport attack. #SpecialReport

‏@fredwalton216

Ataturk attack could be last straw for Erdogan regarding PKK & YPG.

Gregor Peter @L0gg0l

TR emergency meeting involved head of armed forces. High likelihood Erdogan will order Syria operation, could complicate RUS relations again

‏@fredwalton216

Note gag order in place , so expect wide divergences in reporting for awhile..

Israel News Feed @IsraelHatzolah

TURKEY AIRPORT BOMBING - U/D:
- 20 dead
- 100 wounded
- 2 suicide bombers…

‏@fredwalton216

The all to frequently seen video footage of a terror attack -Ataturk Airport. 20 dead , one hundred wounded..

0:28

Conflict News @Conflicts

VIDEO: Footage claiming to show the moment of attack at Ataturk airport in #Istanbul #Turkey - @imgedengemi 

Odds & Ends....

‏@fredwalton216

Rutte to see  "legally binding" assurances re : EU Deal with Ukraine & said The Hague would block it otherwise.

Reuters Top News @Reuters

Dutch PM Rutte wants 'binding' assurances over EU's Ukraine deal http://reut.rs/29dCbAr  

‏@fredwalton216

Despite  , no vote , PM Rutte prepared to move ahead anyway...

Pieter Cleppe @pietercleppe

Dutch PM Rutte would be prepared to sign unchanged EU-Ukr Treaty despite Dutch no-vote https://twitter.com/geenstijl/status/747887556247814144 … He would get a "declaration"

‏@Reuters

IS Syria stronghold Raqqa next after Manbij operation is completed: U.S. official http://reut.rs/29cnXQc 

‏@fredwalton216

From now on, no free trade agreement must be concluded if it doesn’t respect the EU’s interests....

Open Europe @OpenEurope

French PM rejects EU-US free trade deal http://openeurope.org.uk/daily-shakeup/merkel-hollande-renzi-say-no-talks-uk-article-50-triggered-us-warns-revengeful-exit-negotiations/#section-7 … #ttip

‏@fredwalton216

Sounds like Venezuela can't pay back those loans from China and has no more gold as collateral....

zerohedge @zerohedge

Venezuela has abundant resources that can be used to pay down debt: China.

‏@fredwalton216

VW to settle emissions scandal for 15billion...

The Int'l Spectator @intlspectator

BREAKING: Volkswagen to settle for $15 billion in emissions scandal

Catharsis Ours

Tuesday, June 28, 2016

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