PBoC Fixes Yuan Reference Rate At 6.6543 (prev 6.6255)
July New Loan only 463.6 bln Yuan! Exp 825 bln. M2 only 10.2%!! Exp 11.0%... A total disaster...
China July data:- Ind Prod: 6.0% (exp 6.1, last 6.2) Retail Sales 10.2% (exp 10.5 last 10.6) Worse than expected...
Markets & Market Moving News....
Party like it's 1999. S&P 500, Dow, Nasdaq hit records together for 1st time since 1999. http://www.bloomberg.com/news/articles/2016-08-10/oil-slump-clouds-asian-stock-outlook-as-kiwi-climbs-with-copper …
U.S. stocks climb to all-time highs thanks to jump in oil http://on.mktw.net/2bkFNmI
Oil closes near 3-week high as Saudis hint at plan to stabilize crude market http://on.mktw.net/2aEIYWc
Saudis have been making various and sundry statements like this for months , but have actually done nothing.
Europe stocks erase Brexit losses. Stoxx600 recovery lagged those of FTSE, which recouped losses in just 4days (BBG)
Asia overnight , Europe this morning , Wall Street on deck.
Turkey News For Thursday......
Turkey's Ambassador to Moscow: "Ankara is not opposed to Assad's leadership of Syria during political transition."
Fleeing Erdogan's purge , Military Attaches and diplomatic personnel read tea leaves and take protective actions.
Erdoğan announces end of nationwide protests after failed coup attempt http://bit.ly/2b0P8OW
At least 35,022 people have been detained in Turkey in the past three weeks on coup charges.
Turkey's foreign minister warned Turkey would consider leaving NATO if it does not come to its defense.
Around The Horn From Europe .....
Germany to ease deportations for migrant criminals http://dw.com/p/1JfrZ
I think this is a very hard sell , under present circumstances.
And how long before other banks - Germany and Elsewhere In EU , take the same action ?
#Ukraine Hryvnia drops as Nato says it's 'deeply concerned' by Eastern Ukraine violence.
The Limits of a Southern European Alliance. https://www.stratfor.com/analysis/limits-southern-european-alliance …
Syria Items To Consider....
Nusra commander defects to ISIS with his battalion https://goo.gl/jqwiFI
#Aleppo #حلب Military Situ Map Heavy storm is coming,SW will witness tough days HD version : http://www.mediafire.com/convkey/f7c6/f6n7kyhjywsnwsxzg.jpg …
BREAKING: Minister: Turkey asks Russia to carry out joint operations against "common enemy" Islamic State in Syria.
Odds & Ends....
A third person has been arrested in the investigation into an alleged scam involving airside security passes at Heathrow Airport
Macy's says it expects loss of $1 billion in revenue loss from closure of 100 locations
Valeant May Face Over $1b Damages, Covenants at Risk: Mizuho
Another massive explosion at a chemical plant in China.
Ukraine and Russian tensions spiking again..
MORE: The campaign told US Secret Service that Trump did not intend to incite violence.
Death Toll=97 total 62 Lawyers 29 Civilians* 02 TV Reporters* 01 Doctor* 03 Law enforcement staff* Severely injured *171. ISPR #QuettaBlast
French have withdrawn Specials Forces from Benghazi. .
If accurate- a serious split of opinion W/I DOJ on question of whether a public corruption probe was warranted.
Our original and only statement on the murder of US Democratic National Committee staffer Seth Rich. #DNCLeak