Markets....
Asia.....
Economic data due from Asia today - NZ & China the focus
New Zealand May Trade Surplus NZD103Mln (est NZD419Mln, prev revised NZD536Mln)
New Zealand - Trade balance for May: 103m NZD (expected surplus 419m)
Takata Fell Into Default On JPY30Bln (USD268Mln) In Domestic Corporate Bonds With Its Chapter 11 Bankruptcy Filing Monday Reports Nikkei
We Will Sign Deals On Natural Gas, Try To Push Prices Higher, Says Trump Of Modi Visit
Trump: Wants Fair Trade Relationship With India, Removal Of Barriers To US Trade
S Korea June Consumer Confidence 111.1 (prev 108.0)
Highest Level Since 2011
US....
Forexlive Americas FX news wrap: Dollar recovers after fall on durables stalls.
US stocks end the session mixed but off highs
US crude oil futures settle at $43.38
US and top 5 total #petroleum and others production #oott
Europe....
European stock indices advance to start the week
Rollercoaster Monday..
List of coming attractions for this week.
US Politics....
3 CNN Employees Very Suddenly Resign Over Russia Collusion. Thomas Frank - journalist , Eric Lichtblau-Editor & Exec Editor Lex Haris.
FBI interviews - 5 times , at least ten hours.
The CIA said publicly & *with high confidence* in Jan. that Putin ordered 2016 meddling. Is Pompeo backing off that? http://www.hughhewitt.com/transcript-interview-cia-director-mike-piompeo/ …
Trump speaks on relationship with India
THREE GOP SENATORS OPPOSE HEALTH BILL, ENOUGH TO BLOCK ADVANCE
White House says CBO can't predict how healthcare legislation will impact
CBO Says US Senate Healthcare Bill Would Decrease Budget Deficit By USD321Bln In 2017-2026
CBO says Senate bill "would reduce federal deficits over the 2017-2026 period by $202 billion more than the House-passed version."
CBO:
- average premium in 2018 would be 20% higher than under current law
- by 2020 average premium would be 30% lower
US - CBO says 22 million people would be uninsured in 2026 under Senate health bill
US Commerce Dept. announces duties on softwood lumber from Canada
Sessions: Travel ban ruling gives power back to the presidency http://hill.cm/6PLNs7u
Supreme Court allows the enforcement of parts of the travel ban order
BREAKING: Supreme Court allows Trump travel ban to go into effect for some travelers and will hear the case in the fall! #SCOTUS #travelban
Corker tells Teillerson he intends to block arms sales to Gulf states. State Dept official says move isn't helpful
Europe....
Italy..
Exit strategy...
Intesa paid 0 to get: 3.3bn net assets, 3.5bn subsidy, 4bn gtee on assets, 1.25bn subsidy to fire staff & 1.5bn guarantee on litigation. WOW
Sorry, I forgot: + all the asset management / custody businesses of the two banks + full fungibility of all DTAs. I mean, this is just crazy
Examining tangled Web of Italian politics. ECB and EUC credibility hurt by this inscrutable deal being approved.
Greece....
#PASOK leader Gennimata slams door on Tsipras' suggestion for cooperation aft bailout, calls it 'demonstration of political cynicism'
Greek PM calls unionists representing striking garbage collectors for talks Tue in bid to resolve job row as trash mounds grow amid heatwave
*DRAGHI SAYS #ECB CAN'T DO FULL GREEK DEBT-SUSTAINABILITY STUDY - BBG
UK....
UK Consumer Confidence Falls After Snap Election To Levels Just Above Those Seen Just Before 2016 Brexit Vote Says YouGov/CEBR
May ready to move along with Brexit , with confidence and supply deal in place...
Conservatives - DUP Deal in full....
Arlene Foster also confirms pensions triple lock, winter fuel allowance will remain in place under DUP-Conservative deal.
"The details of our agreement and future working arrangements will be published in full." - Arlene Foster.
Literally no-one with any sense in Dublin thinks the Anglo-Irish Accord is in danger.
MENA...
Libya.....
A mad story which sums up the state of the rule of law in #Libya Kidnap of Tunisian to try to free Libyan smuggler
Allegedly.
#Libya
#France vows to stand behind Salamé to empower dialogue and the political process in #Libya
http://www.alwasat.ly/ar/news/libya/145726/ …
Benghazi municipality starts in Suq Al-Hout clean-up as more stolen treasure found - https://www.libyaherald.com/2017/06/26/benghazi-municipality-starts-in-suq-al-hout-clean-up-as-more-stolen-treasure-found/ …
Another Libyan oilfield coming back online after being offline for 8 months..
Gangs in Libya have built a lucrative trade out of packing refugees into rickety boats heading for Italy-more than 65K have arrived in 2016.
Qatar....
Joyce Karam @Joyce_Karam
Significant on #Qatar :
•Qatar FM & Kuwait senior official in Washington, will meet Tillerson tomorrow
•Saudi FM Jubeir still in Washington
Claims of alleged corruption in Qatar's 2022 World Cup bid have been published in the German media.
More http://bbc.in/2tczTfC
Gulf blockade violates Qatari students' rights, says human rights body http://aje.io/a5pr
By demanding the end of Al-Jazeera, Saudi Arabia is trying to turn Qatar into a vassal state http://ind.pn/2sTh6DG
Geopolitics and economics favored Turkey - Qatar becoming closer. Same logic applies to Iran-Qatar.
Bahrain accuses Qatar of military escalation in Gulf row http://reut.rs/2rT1BdQ
Iraq.....
Syria....
#Iraq forces r advancing towards al-Bu Qamal 2meet the Syrian & their allies, regardless US isolated post at alTanaf
In my latest article (and a couple before)
No time to waste
While the Syrian Army+allies continue advancing against Daesh(ISIS) along the Iraqi border, workers are repaving the roads
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