Markets & Market Moving News....
La Belle Dame Sans Regrets....
US High Yield Bond Index hit a new all-time high today, vertical rally of over 15% from its lows a few months back.
Global Equity returns in US Dollars and Local Currencies...
The #ECB's policies threaten to unravel the EU project, Deutsche chief economist warns. https://www.dbresearch.de/PROD/DBR_INTERNET_EN-PROD/PROD0000000000407094.pdf …
Draghi fires starting gun on corp bond purchases in Europe. RWE among those bought by #ECB. http://bloom.bg/1t7rRkm
Commerzbank considers hoarding billions to avoid #ECB charges. http://reut.rs/1VM9SLK
Asia overnight , Europe & US markets today.
Brexit .....
https://youtu.be/Q9kZR7EPv7g
Andrew Neal interviews George Osborne "Leave or Remain" series. Part 1 of 2.
Part 2 of 2 Andrew Neal interview of George Osbourne.
Europhiles beware, the voters you're relying on are drifting towards Brexit | via @telegraphnews http://www.telegraph.co.uk/news/2016/06/08/europhiles-beware-the-voters-youre-relying-on-are-drifting-towar/ … MUST READ
#Brexit: voter registration website crashes prompting calls for deadline extension http://dw.com/p/1J2Yn #EUref
MENA Round Up .....
Make Someone Happy ,,,
PM Abadi starts process of reforms...
Like it or not , General Haftar is a force to be reckoned with in Libya.
Migrants will not be returned to Libya: EU’s Mogherini - https://www.libyaherald.com/2016/06/08/migrants-will-not-be-returned-to-libya-eus-mogherini/ …
Fayez Serraj on migrants: They cannot live with us, should be returned to country of origin not #Libya
Incredible work..
Libya is key jumping off point presently..
Busy day..
Almost daily attacks in Turkey...
Looks like fake passports not just generated in Turkey , Malta as well ...
Italy becoming focal point for Refugee arrivals in 2016....
Allies of Saudi Arabia pressured Ban Ki-moon , Riyadh threatened to cut Palestinian aid & funds to other UN programs
Odds & Ends....
How Love should Be....
China May inflation (Y/Y)
CPI 2.0% (est 2.2%, prev 2.3%)
PPI -2.8% (-3.2%, -3.4%)
Food +5.9% #pork
Non-food +1.1%
effects likes decimated JGB yields, surging yen and a mutinous banking sector *BOJ NAKASO: NEGATIVE RATE POLICY HAS BEEN PRODUCING EFFECTS
Publication of George Orwell's "1984." June 8, 1949.
https://www.theguardian.com/books/2009/may/10/1984-george-orwell …
JAPAN APRIL CORE MACHINE ORDERS FALL 11.0% M/M. Someone please put abenomics out of its misery
#breaking Bank of Korea unexpectedly cuts policy rate to record low 1.25%
Read 'em and weep. China's debt binge driven by banks financing other banks, +850% in 7 yrs. http://www.bloomberg.com/gadfly/articles/2016-06-08/china-s-alarming-credit-roundabout?utm_campaign=trueAnthem%3A+Trending+Content&utm_content=575794be04d301034de11e5f&utm_medium=trueAnthem&utm_source=twitter …
Louvre Museum reopens as France flood damage bill tops €1bn http://f24.my/1PJ9f4G
Something to follow in locations where 15 per hour has been implemented , to see whether reality tracks the concern.
The demise of an global investment bank in one chart: Deutsche Bank's market cap now below that of Danske's.
German yields now out to 5yrs < depo rate of -0.4% so #ECB can only buy longer-dated Bunds. 10y yields will go to 0.
Greece’s workers and society boil over additional austerity & more income cuts http://goo.gl/fb/P3kDXa
Brain drain of educated youth - startling numbers since 2011..
Turkey seems really optimistic EU WILL bow down...ball in the court of EU...
AP warns reporters to “practice situational awareness”—fearing attacks from Sanders fanatics http://thebea.st/1TVk2oL
Hillary takes big prizes yesterday of New Jersey and California. Democrat Primary season is a wrap.
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