Happy anniversary, yuan devaluation. This time last year you rocked our worlds. To celebrate, a stronger fix- 6.6255, most since June 23rd.
PBoC Fixes Yuan Reference Rate At 6.6255 (prev 6.6530)
CFETS celebrates 8/11 anniversary by Fixing CNY 275 pips higher!
BANK OF KOREA LEAVES KEY INTEREST RATE AT 1.25% AS FORECAST
SINGAPORE 2Q GDP GROWS ANNUALIZED 0.3% Q/Q; EST. 0.8% GAIN
Market & Market Moving News...
So much for latest production cut freeze rumor - mongering attempts. Oman nor even bothering to attend Sept meeting.
Oil prices took a hit after data showed a climb in inventories http://on.mktw.net/2aMg6wD
Inverse Nymex ramp: NYMEX SEPT. WTI CRUDE FUTURES SETTLE AT $41.71 A BARREL
Holger Zschaepitz @Schuldensuehner
Traders Stunned As Stocks Fail To Reach Record Highs, Bonds & Bullion Bid http://www.zerohedge.com/news/2016-08-10/traders-stunned-stocks-fail-reach-record-highs-bonds-bullion-bid …
Frontrunning: August 10
All of a sudden , foreign buyers want US debt again...
Sweden also badly misses on Industrial Production data.
French Manufacturing Production well short of expectations..
French Industrial Production (MoM) Jun: -0.80% (est 0.10%; prev -0.50%) -Industrial Production (YoY) Jun: -1.30% (est -0.40%; prev 0.50%)
Slovenia said it wasn't certain that the migrants had entered Austria from its territory, & the 22 were sent to an Austrian reception centre
The 22 found at the Karavanke border crossing are aged 16 to 26 & from Bangladesh, Iraq, Pakistan & Syria
EU, Turkey can still save migrant deal, says Turkish envoy http://dlvr.it/M0gxHb
Migrants who reached Cyprus apply for asylum http://dlvr.it/M0f8C2
It identified one of them as 'terror' suspect Muhamed Tutmić, while the other two were believed to be Adem Karamuja & Jasmin Batanović
#Bosnia police hunting three 'armed & dangerous' Islamists wanted for fighting for 'Islamic State' in Syria: report
Greece In Focus....
Gov’t seeks to shift focus amid hail of criticism http://dlvr.it/M0kZ0l
Cosco completes Piraeus port takeover http://dlvr.it/M0lSjh
Jul arrivals at #Greece main airports: Athens +10% Santorini +16.1 Corfu +14.7 Herakleion +12.7 Rhodes +11.6 Kos -13
Neg growth rates in #Greece int'l arrivals at: Kos -13% in Jul, -15.9% in 7-mon Samos -16.3%, -29.7% Mytilene -62%, -62.7% #RefugeeCrisis
Turkey Items For Wednesday.....
Two Turkish attaches in Athens ‘go missing’ http://bit.ly/2aZ8ynj
Turkey & Iran trade increases 30 % , since sanctions lifted. Geopolitical improvement in relations seems in cards.
UPDATE: Two civilians killed, 50 wounded in attack in Mardin's Kızıltepe http://bit.ly/2b6DW4c
UPDATE: Four civilians killed, four police officers wounded in Diyarbakır attack: DHA http://bit.ly/2b6DW4c
Turkey establishes direct contact line with Russia over Syria http://xhne.ws/RSlYr
Minister Tüfenkçi says around 200-250 companies owned by Gülenists will be shut down: http://www.milatgazetesi.com/feto-nun-sirketlerinin-tamami-kapatilacak-haber-91805 …
Odds & Ends....
German MEPs threaten financial sanctions - cutting off EU funds against Poland , Hungary and "other countries ."
Police stopped knife wielder before anyone was hurt , suspect not killed. Good police work.
Wikileaks offers 25k reward for information leading to conviction of killer of Seth Rich-was he Wikileaks's source ?
#Libya BREAKING: Libyan forces say captured IS HQ in Sirte (AP)
#Libya HQ of Libyan forces attacking Sirte says key objective Ouagadougou captured from IS.
News Update: Remnants of #ISIS militants are now hiding in residential areas 1 and 3 and some parts in area 2
Rivera Satisfied, Rajoy In No Rush After Meeting https://www.thespainreport.com/articles/831-160810135544-rivera-satisfied-rajoy-in-no-rush-after-meeting …
Key update concerning resumption of trading for all currencies, resumption of deposits & withdrawals.
Dawlat Khan says he is one of 50,000 workers who haven't been paid by Saudi Oger for at 8 months. "Our dream has turned into a nightmare."
While generally off front burner of business news-UK property fund still largely suspended , Aviva for a/o 8 months.
Ikata nuclear reactor to restart on Friday morning
Gunfire directed at Olympic bus causes some injuries, of greater concern was reaction and responses to the gunfire.
ZEW finds Deutsche Bank has a capital gap of 19 BN ( more than DB's market cap.) Nationalization the endgame ?
Bitcoin seems to be filling a void and serving a useful purpose in Venezuela.
BOJ DRAFT OUTLINE OF ASSESSMENT IDENTIFIES OIL PRICE FALLS, SALES TAX HIKE AS FACTORS HAMPERING ACHIEVEMENT OF PRICE TARGET-SOURCES
EXCLUSIVE-BOJ UNLIKELY TO TAPER QQE FROM FINDINGS FROM ASSESSMENT, THOUGH NO CONSENSUS YET ON HOW IT AFFECTS MONETARY POLICY-SOURCES
State Department and Clinton Foundation questions raised in new emails released...
The WOW chart of the day. #Japan total debt rises to ¥1,053.5tn at end-June near record despite ultra low yields.