Good morning from Berlin. Asia stocks rise despite oil rout. Yen climbs with Gold. US yield curve flattest in almost a decade on hawkish Fed
Here is what's on the economic data calendar in Asia today today - RBNZ soon
PBOC sets USD/CNY mid-point today at 6.8197 (vs. yesterday at 6.8193)
PBOC drains net CNY 80bn in reverse repo
Takata To File For Bankruptcy In Japan June 23 Or 26 – Asahi
RBNZ announcement - on hold (as expected)
Japan economy - on the up (but the BOJ is missing its target)
It's the Nasdaq's turn to steal the spotlight
ForexLive Americas FX news wrap: The oil slide continues to lowest since August
Oil falls to the lowest since August
US Gulf Of Mexico: 17% Of Oil Production Shut In By Hurricane Cindy Around 5% Of Gulf Of Mexico Platforms Evacuated, 7% Of Rigs Evacuated
US oil production +0.2% w/w to 9.35 mbpd #OOTT
Weekly US oil inventories -2451K vs -1200K expected
As if Iran & Saudi Arabia/ UAE would all of a sudden lock arms & work together-as the current "Gulf Rift" continues.
Trump's Lindsay Walters on Air Force One, asked about Comey tapes, says: "I can tell you there will be something this week."
Trump in Iowa will highlight precision agriculture and "his commitment to work with Congress on increasing broadband connectivity."
Part of reason Trump in Iowa is to send off "the favorite son of Iowa, former Gov Branstad," press spokeswoman Lindsay Walters said on AF1.
PRESIDENT DONALD TRUMP'S LEGISLATIVE TEAM HAS BRIEFED HIM ON DETAILS IN SENATE HEALTHCARE BILL - WHITE HOUSE SPOKESWOMAN
Trump aboard AF1 for IOWA. Also: -Ag Sec Perdue -Commerce Sec Ross -Rep Rod Blum -Terry Branstad -Gen Kellogg -Commerce COS Wendy Teramato
NEW: Sens. Feinstein, Grassley, Graham and Whitehouse release statement on meeting with Special Counsel Bob Mueller: http://abcn.ws/2sUULsa
Michael Moore is correct..
One day after SoS Tillerson called out Saudis/UAE/Bahrain/Egypt for dragging feet on list of demands-list drawn up.1
Tillerson hopes demands in exchange for ending blockade against Qatar are "reasonable" http://hill.cm/rOGO0TN
Anthem ending ObamaCare plans in Indiana and Wisconsin http://hill.cm/WgXDuQo
Trump and new Crown Prince talked today..
"Steve Scalise continues to make good progress. He is now listed in fair condition" and is healing, hospital says.
Fmr DHS Sec Johnson to Hse Intel Cmte: The Russian gov't at the direction of..Putin hacked and tried to affect our election. That is a fact.
FBI's Priestap to Senate Intel Cmte: Absolutely Russia will continue influencing..operations targeting the US
An interesting read. Before forming opinions , always wise to consider different perspectives and points of view.
Rand Paul weighs in support of POTUS decision to w/d from Paris Agreement, noting manifest unfairness & job losses.
"Oscar" plans to enter 5 O-Care Exchanges-today is preliminary deadline for insurers re: notice of intent to sell.
North Korea floats notion of moratorium - if its varioua,conditions are met. No sale.
Top of Trump's mind last 24 hours: --keeping Rs in congressional seats --frustration with Dem "obstruction" --annoyance about North Korea.
Dem lawmaker after Georgia loss: "Time to stop rehashing 2016 and talk about the future" http://hill.cm/WSMmYyY
Tories and DUP Talks make some progress..
Theresa May forced to ditch key manifesto pledges on foxes, school meals and more in watered-down Queen's Speech http://bit.ly/2rCbHiS
READ The FULL Queen's Speech laying out the Tories' legislative plans - http://bit.ly/2rBQRjX
ANALYSIS: What was the point of that election? http://bit.ly/2rCIG6G
Ministers plan eight new laws to deliver Brexit http://bit.ly/2tskiGt
Fresh doubt over Donald Trump state visit after no mention in Queen's Speech http://bit.ly/2rQ8xMW
Speech By BoE’s Haldane Titled ‘Work, Wages And Monetary Policy’ http://www.bankofengland.co.uk/publications/Pages/speeches/2017/984.aspx …
News Across Europe...
German finance ministry monthly report: Brexit brings opportunity
France's Macron: I've not stated that Assad's departure is a pre-condition for everything because nobody has shown me a legitimate successor
France's Macron Rules Out Bi-lateral Talks With UK on Brexit Macron Says It's Difficult To Stop, Reverse Brexit Talks
Italy Tax Police Search Offices Of Several Banks In Prove Over Alleged Diamond Sale Fraud - Reuters
EU Plans To Limit European Investment Bank Payback To UK To EUR3.5Bln Reports Spiegel
Germany's Merkel: German Economic Outlook Remains "Good"
INTESA SANPAOLO BOARD APPROVES OFFER FOR GOOD ASSETS OF VENETO BANKS
"the transfer of the assets and liabilities, if finalised, will be against a token payment."
*INTESA SAYS PRICE OF TRANSACTION WILL BE SYMBOLIC
Schaeuble: We Will Promote Home Ownership In Germany If Merkel's Conservatives Win September Election - RTRS
Schaeuble: Will Have To Do Something With Corp. Tax In Coming Years, Partly Because Of Possible Tax Competition From Elsewhere - RTRS
Schaeuble: We Will Have Wriggle Room Of Around EUR15 Bln A Year If We Pursue A Modest Fiscal Policy In Coming Years - RTRS
Schaeuble: The Longer The Period Of Expansive Monetary Policy Lasts The Greater The Danger Of Risks
Italy spread over Germany shrinks to lowest since Jan as investors chasing higher yielding paper on deflationary impact of lower oil. (RTRS)
As France Turns......
Macron suffers second notable resignation in two days !
Breaking - @AFP - Prosecutor says Brussels Gare Centrale bomber was Moroccan aged 36. Device was bag that contained nails and gas bottles
Qatar's SWF has transferred over $30 bn worth of domestic equity holdings to Finance Ministry-may sell other assets in restructure drive.
Here is a list of the key players who have been involved in the GCC rift http://aje.io/dnna
Yes , this really happened...
#Qatar crisis Day 16: •Tillerson rushes list of demands •UAE's MBZ meets Macron •Qatar Emir sends letter to Putin •15000 leave to Qatar
QATAR'S EMIR CONGRATULATES SAUDI CROWN PRINCE ON NEW ROLE: QNA
QATAR SOVEREIGN FUND MOVES STAKES TO FINANCE MINISTRY: REUTERS
As per royal decree published by SPA , King Salman called for a public pledging of allegiance in Mecca today to the new crown prince.
Slow and steady advancement. ..
#Mosul Old city map. Before and after (24hrs later).
Horrific news-ISIS deadenders blow up Al Hadba Minaret in Old City Mosul today as it became clear it would be taken.
YPG couldn't have supported and cheered the US downing of a Syrian jet at a worst time... and then held the pilot hostage... smh
Great take on present and future state of play...
Libya Banks getting worse-not better. Why don't meetings with interested countries ever address this meaningfully?
Serraj welcomes appointment of Prince Muhammad Ibn Salman as crown prince of Saudi Arabia -
Libyan women business networking shows resilience and hope - https://www.libyaherald.com/2017/06/21/libyan-women-business-networking-shows-resilience-and-hope/ …