Markets & Market Moving News....
German Markit/BME Manufacturing PMI Jul P: 53.7 (est 53.5; prev 54.5)
German Markit/BME Services PMI Jul P: 54.6 (est 53.2; prev 53.7) $EURUSD
Eurozone Markit Manufacturing PMI Jul P: 51.9 (est 52.0; prev 52.8)
Eurozone Markit Composite PMI Jul P: 52.9 (est 52.6; prev 53.1)
Italian Industrial Sales (MoM) May: -1.10% (prev 2.10%) -Industrial Sales WDA (YoY) May: -2.70% (prev 0.10%)
Italian Industrial Orders (MoM) May: -2.80% (rev prev 0.90%) -Industrial Orders NSA (YoY) May: -4.20% (prev -11.30%)
Flash Eurozone Services PMI At 18-Month Low Of 52.7 – Markit https://www.markiteconomics.com/Survey//PressRelease.mvc/231d233872e24e2f932294d291cc61aa …
July UK #flashPMI pointing to 0.4% quarterly rate of GDP contraction
UK services #flashPMI showed biggest points fall ever in July. Takes it down to lowest since January 2009
#flashPMI showed UK best rise in manufactured exports for 2 years, but input costs also saw biggest rise for 5 years
Good morning from Berlin. Asia stock markets drop as Bank of #Japan rejecting need for helicopter money stimulus.
German Attack - Seems Terror Linked...
Merkel's chief of staff has said that "no one wants to live in a surveillance state" which would be needed to guarantee full public security
BREAKING: Munich police believe gunman likely acted alone
BREAKING: Ten dead in Munich shooting
Fox News witness heard McDonalds shooter shout "Allahu Akbar". She knows because she is a Muslim from Kosova.
Czech Police have shut the border with Bavaria; the whole transport system in Munich has been shut down; this is unprecedented in Germany
GERMAN POLICE SAY 3 SHOOTERS WITH LONG GUNS AT LARGE: BBG
GERMAN MAGAZINE FOCUS CITES POLICE SOURCES AS SAYING THAT PERPETRATOR SHOT HIMSELF IN THE HEAD: RTRS
BAVARIAN BROADCASTER BR SAYS GERMAN STATE OF BADEN-WUERTTEMBERG BOOSTS POLICE PRESENCE ON STREETS THERE
BAVARIAN BROADCASTER BR SAYS POLICE ASKING PEOPLE TO LEAVE HIGHWAYS NEAR MUNICH
BAVARIAN BROADCASTER BR SAYS NUMEROUS HIGHWAYS IN NORTH OF MUNICH HAVE BEEN SEALED OFF: RTRS
Turkey Items For Today....
CSU 's leader Seehofer calls for immediate halt to Turkey accession talks , as Turkey no longer a democratic state.
BREAKING: Total number of Turkish government personnel suspended or sacked following coup attempt has reached 70,000
S&P SAYS TURKISH BANKS' WHOLESALE FUNDING MAY BE IMPACTED And now he's angry
so Erdogan used the Gulenists in witchhunt against the secularists, now going after the Gulenists
Important item - TUR claims Gulen behind coup attempt dismissed by Clapper , no evidence produced so far by TUR.
198 sacked from Turk Telekom, 560 from Sci Tech Ministry. Total number of sacked/suspended in post-coup crackdown rises to 69,532.
At least 10,410 were detained in connection to the coup attempt including members of military, judiciary, media and bureaucracy.
Turkey decides to shut down 1,669 schools, revokes licenses of 27,158 teachers in the post-coup crackdown.
Food for thoughts..
Trustees appointed to allegedly Gülen-affiliated education institutions http://bit.ly/29Yvndh
Events amount to a "total seizure of power" exemplified in 1933 when democracy was eliminated by NazIs under Hitler.
UK - Brexit , UK Politics....
WhatsApp Message Shows Conor McGinn Whipped Labour MPs to "Keep Up the Pressure on JC" http://order-order.com/2016/07/22/242357/ …
UK Taxpayers’ £245 Million Loan to Corruption-Hit Brazilian Oil Firm http://order-order.com/2016/07/22/taxpayers-245-million-loan-petrobras/ …
This is interesting - and more support, for reasons I share, for the EEA option as the best Brexit choice.
London business fights back against Brexit 'doom' http://www.standard.co.uk/news/london/london-business-fights-back-against-brexit-doom-a3302111.html …
Eight Turkish military staff transferred to Athens for processing of asylum claims. Process likely to take two weeks http://www.ekathimerini.com/210666/article/ekathimerini/news/eight-turkish-military-personnel-being-transferred-to-athens …
2 boats w/ 100 refugees arrived in Lesvos. Total 450 people in a week. #Greece' authorities: #Turkey 's patrols relaxed after #TurkeyCoup
EU refers Greece to court over failure to recover shipyards state aid http://dlvr.it/Ls1qJm
Without proof of a security threat, Kenya threatens to expel 326K refugees to unsafe Somalia http://bit.ly/2ala7xT
Jordan's hospitality towards Syrian refugees appears to have reached its limit http://econ.st/2afnhcV
242,179 migrants have arrived in Europe by sea during 2016 2,977 migrants dead/missing
The 6 wealthiest countries host only 6% of the world's refugees http://on.forbes.com/6014BIels
Odds & Ends....
#Libya Protests outside naval base that was HQ of UN-backed government
#Libya Protest in Tripoli against French intervention
So France, possibly US & others blatantly violating UNSCR 2259 that specifies unity govt as only legit authority?
An important missive on the situation involving Italian Banks and Renzi's political minefield.
Are Italian banks a global systemic risk? http://on.mktw.net/29Q6POR
"We are screwed, it’s a series now. It’s the third attack. Le Pen is going to win” http://ow.ly/dtkp302sNCp
ISIS fighters dressed up as women. It didn't turn out well http://ow.ly/7Cy4302vyJZ
UK admits claim it found 'no evidence' of war crimes by Saudi Arabia in Yemen was inaccurate http://ow.ly/8HQB302vk9K
US-backed SDF forces give IS 48 hours to leave Syria http://ow.ly/49fj302vpGF