Markets.....
Volatility Index: -30% in the past 2 trading days, the 5th largest 2-day decline in history. $VIX
31 of 33 Banks pass . MS still has work to do...
Announcements so far
Deutsche Bank and Santander US units have failed US stress tests. (BBG)
From Brexit Wounds To Buying Panic (In Bonds & Stocks) http://www.zerohedge.com/news/2016-06-29/brexit-wounds-buying-panic-bonds-stocks …
Here we go again: Dow Jones has recovered almost all the #Brexit losses after 2day rally.
All of the irresponsible fear-mongering pundits saying a short-term decline in the stock market means "Brexit is bad" are very quiet today.
The UK Stock Market (FTSE 100) just crossed above pre-Brexit vote levels from last Thursday. Brexit = Bullish $FTSE
IMF: "Deutsche Bank Poses The Greatest Risk To The Global Financial System" http://www.zerohedge.com/news/2016-06-29/imf-deutsche-bank-poses-greatest-risk-global-financial-system …
Germany is right. Bail-in rules apply to Italy too.
EU COMMISSION READY TO HELP BUT NOT CONVINCED BY ITALIAN PLANS TO PROP UP BANKS AFTER BREXIT - RTRS
CONSTANCIO:BANKS FACE DIFFICULTIES IN NUMBER OF EMU COUNTRIES
$11.7 Trillion of negative yielding bonds are now worth more than all the gold mined in history $7.2 Trillion (170k tonnes x $43m per tonne)
After #Brexit, more than $11T in global bonds are trading at negative yields.
Brexit & Post Brexit & UK Politics...
Pressure building on Corbyn...
Probably will be one of the more important talks for Carney.......
Article 50 not triggered yet, but EU-27 de facto already set out its negotiating position. Pretty strong one. #EUCO
Very interesting. ..
As expected , big 4 unions line up solidly behind Corbyn...
Exclusive: Labour MEPs call for Corbyn to resign.
79% of Irish are against EU punishing UK after #BREXIT (Red C poll on behalf of EUD)
BREAKING: Most EU member states rejected talks with Scotland at summit
Hardball from EU 27. Merkel, Hollande, Tusk, Juncker, joint statement all agree no freedom of movement, no single market after Brexit
Civil service was repeatedly used to support Remain campaign; not to make contingency plans. Deeply irresponsible.
Greece ....
Piraeus port deal hits snag as Cosco says Athens changed deal http://dlvr.it/Lh4XhD
Unionists plan to block sale of grid operator http://dlvr.it/Lh4Xr6
Dijsselbloem leaves Athens with no room for maneuvering http://dlvr.it/Lh43KF
Ataturk Attack & ISIS....
Interesting piece theorizing on motivation for terror attack attributed to ISIS
If Turkey allegedly was a "friend" to ISIS previously , relationship has clearly slid off the rails. Blowback now.
37 out of 41 victims of the #IstanbulAttack have been identified; 239 ppl have been injured http://sptnkne.ws/b9t5
10 foreigners & 3 dual citizens were among the victims of the #IstanbulAttack - local gov't http://sptnkne.ws/b9t5
Odds & Ends....
Yeah , this really isn't from "The Onion" , Mad Magazine or Cracked .....
Ah , some of the post-Brexit vote decisions are being taken and announced...
Governor of Puerto Rico says Gov't will default on July 1..
EXCLUSIVE: Grain Trader Nidera Discloses $200 Million ‘Rogue Trader’ Loss http://bloom.bg/29ohCzX with @isiscarol14
Nidera plunges in 2015 into its first annual loss due to rogue trader hit ($135m loss last year compared with profit of $42.9m in 2014)
Trump is really making head scratching moves ....
Rio has slashed budgets , including police-Helicopters grounded & > 50% of police cars idled to save gas expense.
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