Bonus Items.... Global Markets Preview For The Week.....
Global stocks on track for yet another monthly gain. Would be the very first time we've had monthly gains this deep into a calendar year
People’s Bank of China sets yuan reference rate at 6.8220 (vs. yesterday at 6.8238)
People's Bank of China to skip open market operations today
#China willing to open its pockets, but not borders, to Middle East refugees http://buff.ly/2t77fMZ
First India Bans Cash, Now It's Targeting Gold http://www.zerohedge.com/news/2017-06-25/first-india-bans-cash-now-its-targeting-gold
Coming up from Japan this week - focus on inflation
Global economy - what's coming up this week?
ICYMI - The agenda for Asia today & which Asian centres are on holiday
Weekend BIS report: "One of its most upbeat ... for years"
The day & week ahead in Australia - bank view (3) on what to watch for the AUD
Economic data due from Asia today - BOJ, and then Federal Reserve speech later!
Japan....
Japan Bond market basically frozen. No reason to believe what's going on with Japan's bond market , won't head to other bond markets soon.
Japan data - services PPI (May) 0.7% y/y (vs. expected 0.7%)
Honda: Takata Decision Has Limited Impact On FY17 Earnings
Honda Admits Will Be Very Hard To Recover Most Takata-Related Costs
Takata files for bankruptcy protection #nhk_world_news
Takata files for BK...
Takata To Sell Business To Key Safety Systems For JPY175Bln
BOJ: Increasing number of firms raising wages, significant for higher inflation
Fukushima nuclear debacle update...
Japanese led Consortium ( including Innovation Network Corporation , Bain Capital and Development Bank of Japan ) , seem to carry the day.
Under pressure, Western tech firms bow to Russian demands to share cybersecrets
DNA data from missing in 2011 tsunami will enter database：The Asahi Shimbun：
Robots to tend to visitors at latest branch of ‘weird hotel’ chain：The Asahi Shimbun：
Watch what you do and say: Broader ramifications of the new conspiracy law cause concern
Maekawa calls on Abe to explain scandal, seeks 3rd-party probe：The Asahi Shimbun
North Korea.....
Is it time for South Korea to develop nukes?
North Korean soldier defects to South Korea across MDL: JCS http://buff.ly/2t2R3fH
NHK WORLD News @NHKWORLD_News
N.Korea holds anti-US rally #nhk_world_news
What a North Korean drone crash reveals about the country’s UAVs http://buff.ly/2t33OH5
President Moon’s decision to delay full THAAD deployment: a closer look http://buff.ly/2u0TCMi
What do North Korean defectors think of South Korea’s new government? http://buff.ly/2rXLDD9
6400 kHz Radio Pyongyang coded message
Qatar......
Kentaro Sonoura met with the UAE's foreign minister Sheikh Abdullah bin Zayed Al Nahyan on Sunday in the UAE.
Basically , we know at this point , Qatar has rejected the demands related to both Iran and Turkey.
Iran seeks to bolster ties with Qatar , joins Turkey in rejecting Arab Quartet demands.
US Sec. Tillerson statement on #Qatar demands:
•Some difficult to meet
•Others can be discussed
•Calls for direct negotiations
Erdogan note offer to set up turkish base in KSA ( as well as base in Qatar ) , to which Saudis didn't respond to at all.
Erdogan rejects Arab demands to remove Turkish troops from Qatar http://www.irishexaminer.com/breakingnews/world/erdogan-rejects-arab-demands-to-remove-turkish-troops-from-qatar-795046.html …
Turkey supports ejection by Qatar of Quartet list of 13 demands.
All the latest Qatar-Gulf crisis updates http://aje.io/zpzd
Foreigners and nationals in Qatar told permission to leave is cancelled to keep 'essential services' running http://ow.ly/yrDA30cR2aL
Qatar's emir meets Exxon Mobil Corp CEO: agency http://reut.rs/2t97kQz
Erdogan described Saudi-UAE demands to close Turkish base in Qatar as disrespectful, "I'm sorry but Turkey is not an ordinary country"
Qatar rift centers around $1 billion ransom paid to al-Qaeda, Iranian security officials http://hill.cm/heqoeuy
UK.....
Video - Theresa May and the Holy Grail http://www.forexlive.com/news/!/video-theresa-may-and-the-holy-grail-20170625 …
'We're in a hell of a mess': Tory grandees lament mistakes of Cameron and May http://bit.ly/2sPpjJg
David Davis tells Tory MPs to get to work , focus on day job ( and not back-stabbing PM May.)
Not so good report on state of cladding....
Sunday view ....
Options being kept open...
Devil in the details that Labor frontbencher doesn't know...
Thinking seems to be wring concessions from May in her perceived weakened state...
US Politics....
Interesting - it appears CNN is actually cracking down on dubious reporting on Russia. Note "network's new rules." 1
As per CNNMoney Exec Editor Rich Barbieri -"No one should publish any content involving Russia without coming to me and Jason [Farkas]."2
"This applies to social, video, editorial, and MoneyStream. No exceptions." 3
The new restrictions come after Friday's retraction by CNN of a story that tied Anthony Scaramucci to Russian Direct Investment Fund.4
"These guys had a vested personal and ideological interest in smearing Trump and boosting Hillary’s chances of winning the White House.”
U. Delaware will not rehire prof who made critical comments about Otto Warmbier after his death http://www.philly.com/r?19=961&43=165761&44=430745973&32=3796&7=195202&40=http%3A%2F%2Fwww.philly.com%2Fphilly%2Fnews%2Fu-delaware-will-not-rehire-prof-who-made-critical-comments-about-otto-warmbier-after-his-death-20170626.html …
Key Senate Republicans Say No Healthcare Deal This Week http://www.zerohedge.com/news/2017-06-25/sens-collins-paul-johnson-health-care-bill-wont-pass-week …
Kasich's website hacked to show ISIS propaganda http://hill.cm/MqOlHx3
House Dem: We need to figure out our leadership before 2018 elections http://hill.cm/SDtmY3E
Red-state Dem: Senate GOP healthcare bill is "even worse" than House bill http://hill.cm/gYfSIA0
Schumer: Senate Republicans only have 50/50 shot of passing healthcare bill http://hill.cm/rj37XQx
Inevitable shift of blame from Trump to Obama Administration - that allegedly saw so called Russian Hacking and did nothing to stop it.
Conway: Trump is confident Senate Republicans will pass ObamaCare repeal despite opposition http://hill.cm/cCSxfpX
Trump @PressSec in statement says US "strongly condemns the terrorist attacks in Parachinar and Quetta on Friday."
But, Conway said, WH is paying close attention to these last Supreme Court decisions, and hopes Ds will vote for next Supreme Court nominee.
Price claims GOP ObamaCare repeal bill will "absolutely bring premiums down" http://hill.cm/qBHUnGE
GOP ObamaCare repeal bill could send insurance markets into "death spiral" http://hill.cm/P4v5rkR
Right. Trump admits he called GOP health care bill "mean."
(Spicer had declined to confirm news reports on what Trump had said privately.)
Trump redirects collusion finger-pointing, says Clinton colluded against "crazy" Sanders in 2016 race.
Sunday morning talking heads http://hotair.com/archives/2017/06/25/sunday-morning-talking-heads-66/ …
Russia is reportedly recalling its ambassador at the center of collusion allegations against the Trump campaign http://nyp.st/2tafdoW
California single payer is dead….for the time being
Sen. Schumer referred to the Senate health bill as “a wolf in sheep’s clothing,” following its unveiling Thursday http://ow.ly/oWcU30cQQZe
OPINION | Campaigning for president, it turns out, is more fun than being president http://ow.ly/COEc30cQQzR
“My decision to stay is not up to them,” House minority leader Nancy Pelosi said of her critics http://ow.ly/jVcJ30cQPTr
Dems to leadership: Our voters don't care about Russia investigation http://hill.cm/sSHOIAo
Odds & Ends...
Veneto Banks ....
2 Italian banks fail but bail-in rules changed to protect sen bondholders from losses. Who are the sen bondholders? https://mishtalk.com/2017/06/25/two-italian-banks-fail-shut-by-ecb-who-is-protected-at-what-cost/ …
EU bank rules not worth paper. EU allows #Italy's use of taxpayer cash to wind down banks as debt already at record. http://reut.rs/2sLcRtK
EUC approves aid for market exit..
Just WOW ! How the heck can the ECB and/ or EU just bless this crap ?
The government and the Bank of Italy have relentlessly opposed 'bail in'. This is the price Italians pay for their preference for bail outs.
I hope it will be abundantly clear this is no Santander/Popular. Santander will raise €7bn in new capital, Italians may pay up to €17bn.
There are questions for the EU too: what's left of the banking union/BRRD? What credibility does the SRB have? How is this State aid lawful?
For the centre-left Italian govt: bondholders are much wealthier than the average citizen - is it worth spending up to €17bn to help them?
I also have doubts about the political calculations.Italians have been against bail in but are we sure they want a €5.2bn subsidy to Intesa?
*ITALY MAY USE UP TO EU17B TO KEEP VENETO BANKS IN BUSINESS
ITALY GOVT TO APPOINT SPECIAL ADMINISTRATORS FOR BOTH VENETO LENDERS, POP VICENZA CEO VIOLA WILL BE ONE OF THEM-SOURCE
INTESA SANPAOLO BOARD MET SUNDAY, TASKED CEO MESSINA WITH CLOSING ACQUISITION OF GOOD ASSETS OF VENETO BANKS-SOURCE
Syria....
1- #BREAK North of Raqqa, I met Lebanese wife of Tunisian ISIS fighter. Tried to flee Raqqa to Turkey. Caught by Kurds. Now in refugee camp.
2- Give me a sec and I'll explain in English in couple of tweets what the Lebanese wife of the Tunisian ISIS fighter told me.
New on MoA:
Syria - The U.S. Concedes Defeat Of Its South-East Syria Plans
http://www.moonofalabama.org/2017/06/syria-the-us-concedes-defeat-of-its-south-east-syria-plans.html …
Al-Sukhna & the T2 expected 2be the next biggest #ISIS defeat in the coming days (this coming week). 2000 fresh men injected on this front.
Syria's more confident Assad gives Eid prayers in Hama http://reut.rs/2t938Ar
NEW MAP: #SAA + allies took control of 85 km of #Syria - #Iraq border, entered #DeirEzzor province and almost reached T2 Pumping Station.
Iraq....
"If Baghdadi is dead, next IS leader likely to be Saddam-era officer". There's like a trend here ...
June 24, #Coalition forces conducted 37 strikes consisting of 79 engagements against #ISIS in #Syria & #Iraq. MORE: http://ow.ly/ulFi30cS6Om
Revive Mosul's identity - Rebuild Al-Hadbaa https://mosuleye.wordpress.com/2017/06/25/revive-mosuls-identity-rebuild-al-hadbaa/ … via @MosulEye
#IRAQ
#IslamicState Releases Pictures Showing Its Snipers Near #Alas & #Ajail Oilfields In #Kirkuk. #TerrorMonitor
Mass #Peshmerga celebration of #EiD
on #Kirkuk frontlines
http://www.rudaw.net/english/kurdistan/250620171 …
on #Kirkuk frontlines
http://www.rudaw.net/english/kurdistan/250620171 …
BREAKING: A suicide bomber detonated himself in the middle of a meeting between high-ranking Da'ish commanders in Al-Qa'im, western #Iraq.
Libya.....
UAE deputy Chief of Staff and accompanying military delegation visit E #Libya & meet with Haftar & LNA commanders.
وصول نائب رئيس أركان القوات المسلحة الإماراتية الفريق ركن عيسى سيف المزروعي إلى مقر القيادة العامة للجيش الليبي بالرجمة شرقي ليبيا
Translated from Arabic by Bing
Arrival of the Deputy armed forces Chief Lieutenant corner Essa Saif Al mazrouei to Libyan army headquarters in Eastern Libya heap
Ageilah Saleh congratulates Libyans on #EidAlFitr, says determined to reach national consensus
http://www.alwasat.ly/ar/news/libya/145642/ …
Fayez Serraj congratulates Libyans on occasion of #EidAlFitr, wishes for peace & stability in the country. #Libya
http://www.alwasat.ly/ar/news/libya/145641/ …
#Libya Pres. Council: 3 day holiday on the occasion of #EidAlFitr
http://www.alwasat.ly/ar/news/libya/145644/ …
#Sudan denies LNA Spox accusations that it supports terrorism in #Libya
http://www.alwasat.ly/ar/news/libya/145640/ …
#Benghazi's Souq al-Hout area liberated as #EidAlFitr begins. #Libya
http://www.alwasat.ly/ar/news/libya/145630/ …
The Times: Employee at the #Libya Embassy in London is a know terrorist and leader in Libyan Islamic Fighting Group
http://www.alwasat.ly/ar/news/libya/145614/ …
Revenge suspected in Tripoli murder of colonel and daughter in Tripoli -
UNSMIL's Kobler says he believes peace will come soon - https://www.libyaherald.com/2017/06/24/unsmils-kobler-says-he-believes-peace-will-come-soon/ …
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