Markets......
Global govt bonds sold-off as Bill Gross says record-low bond yields ‘aren’t worth the risk’ http://bloom.bg/2aPD42d
Surprise will be if BOJ doesn't intervene if 99.98 ( July 8th low ) taken out.
Generally speaking , Italian Banks shelled today. Various individual names discussed in article.
Troubling Signs out of #Germany and Saudi Arabia. http://eepurl.com/b_2Chz
In case you missed it: Italian Banks index plunged 6% w/ Monte dei Paschi down 16.1%, UniCredit down 7.2%.
Stocks closed lower for a 7th straight session: http://on.mktw.net/2aNCSU2
It's been 5 weeks since the euro was this high against the dollar http://on.mktw.net/2aNvY1l
Okay - if a stick market crash ensues , is "The Donald's" call to sell stocks , going to be viewed as the impetus ?
Chart: Nikkei futures down over 3% on stronger yen -
Chart: Italian banks -
More detail -MPS -12% , Banco Popular -7.86 % , Banco Popular Milano -6.49% , Mediobanca -6.67 & Unicredit -7.00.
Not only isn't fiscal stimulus by Japan Gov't 28 trillion yen - it cld be less than the 7.5 trillion yen suggested !
BOJ answers question "who let the dogs ( bond vigilantes ) out?"
Foreigners fleeing negative rates now own 40% of the US corporate bond market. http://bloom.bg/2aXPLYa
Germany & France Terror Attacks Directed By ISIS ?
France cancels summer festivals due to concerns of terror..
1. "Evidence is mounting" terrorists in Ansbach & Wurzburg "acted on instructions from the Islamic State."
2. Spiegel reports what I noted right away. They got their videos to #IS before acting:
http://www.longwarjournal.org/archives/2016/07/teenage-terrorist-who-attacked-german-train-appears-in-islamic-state-video.php …
3. Same goes for terrorists in Normandy. Another video sent to Amaq (#IS) before the terrorists acted.
4. Spiegel: Würzburg terrorist in "contact w/ a person in the Middle East who is believed to be linked to IS."
5. Authorities analyzed "partly encrypted computer storage devices." Wurzburg terrorist sent "his video...to IS via Facebook."
Libya.....
Medical source: Death toll from #ISIS suicide attack in #Benghazi rises to 22, 70 wounded
http://alwasat.ly/ar/news/libya/113561/ …
#Libya Central Bank: 56 banks subjected to armed robbery in 4 years
http://alwasat.ly/ar/news/libya/113516/ …
#Libya US bombing of IS in Sirte approved for 30 day period
Spain.....
CATALAN GOVERNMENT DIGS IN: vows to continue with separatist road map, obey "Catalan people".
PP STARTS BLAMING PSOE FOR THIRD ELECTIONS: "Pedro Sánchez's 'no' is the step before new elections".
SÁNCHEZ REJECTS RAJOY: as expected. "The left is not going to support the right".
Turkey.......
What Turkey's vast purge would look like in the United States, for scale http://nyti.ms/2aOouv8
coup purge turns into suppression on akp-opposition instead of putschists...suspension number raises to 280 in KESK
Erdogan tells Italy to focus on fighting the mafia , rather than investigating his son's alleged money laundering.
6 artists & directors at Istanbul Municipality Theaters are sacked due to coup decree:
Sahnede şok: Açığa alındılar
No drop dead date from Turkey yet , but they keep referencing October as being an important time period.
Turkey follows up initial extradition submissions,with an additional document.
Odds & Ends...
Opposition map of southern #Aleppo : insurgents capture Al-#Huwayz but #SAA secures Al-#Amiriyyah and two hills.
Milk, cheese and eggs prices in Greece are 31% higher than the EU average. v/@EU_Eurostat: http://ec.europa.eu/eurostat/news/themes-in-the-spotlight/price-levels …
Ukraine's Savchenko launches hunger strike over political inaction http://reut.rs/2arxmap
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