China’s trade with N. Korea increased 10.5% in first half of 2017: Beijing http://buff.ly/2uULG0y
Hurray! Global stocks, when measured by Bloomberg World Index, are at record highs. What'd I miss?
Looks as if globally coordinated hawkish Sintra pact was just a hoax: Dollar Index DXY drops to lowest since Oct2016 on dovish Yellen speech
#China June trade numbers rise as global trade rebound keeps momentum: Exports rose 11.3% way above 8.9% expected. Imports increased 17.2%.
Good morning! Stocks & Bonds rally as goldilocks narrative prevailed after Yellen testimony. Asia ex-Japan stocks at highest since mid-2015.
Economic data due from Asia today - China trade balance
China H1 trade balance (January - June) announced
PBoC Fixes USDCNY Reference Rate At 6.7802 (Prev 6.7868)
NZ ANZ Consumer Confidence Index Jul: 125.40 (Prev 127.80) NZ ANZ Consumer Confidence (M/M) Jul: -1.90% (Prev 3.10%)
Pentagon spokesman says initial indications not a North Korea nuclear test
Does not seem nuke test related , based on this information.
Fed gives risk another lift. Dow Jones jumped to a record after Yellen signals future rate hikes will be gradual.
Dow closes at a record high. S&P and Nasdaq up strongly.
US crude oil futures settle at $45.49, up $0.45
Fed feds #Goldilock narrative: Yellen keeps a gradual rate-hike outlook as #inflation puzzles the Fed. https://www.bloomberg.com/news/articles/2017-07-12/yellen-keeps-gradual-rate-hike-outlook-as-inflation-puzzles-fed …
Fed's Yellen: Very concerned about income, wealth inequality. Wage growth seems somewhat low given 2% #inflation objective.
#Fed's Yellen: Hopes balance sheet shrinkage will be gradual, orderly. Balance sheet will end up substantially larger than before the crisis
Don't worry , be happy...
Trump admin bans government agencies from using products by Russian cyber firm http://hill.cm/Nq83StE
Judiciary chairman will call Manafort to testify, threatens subpoena http://hill.cm/lZ8Gilq
Kaspersky Lab says it has become pawn in U.S.-Russia geopolitical game http://reut.rs/2ua3R4N
House of Representatives member Sherman (Dem) introduces article of impeachment for Obstruction.
Perfect time to get put of the hot , humid swampland of DC , full of hungry gators and crocs...
Health insurers applying to participate in Obamacare are disappearing http://hotair.com/archives/2017/07/12/health-insurers-applying-participate-obamacare-disappearing/ …
Source: House to introduce tough Russia sanctions bill http://thebea.st/2uj5ihN
Senate GOPers to meet late Thursday morning to hear details on amdts to health care bill in effort to jumpstart process
Somewhere Putin is chuckling over credit given to Russia for interfering in Election 2016-apparently for both sides.
WATCH LIVE: Trump's FBI pick: I've promised no loyalty to Trump http://hill.cm/4eqE2Nf
Corporate officials see sales drop http://dlvr.it/PV7QN6
Spending slashed by half a billion next year http://dlvr.it/PV7QQw
Moody’s: Improvement and constraints in Greece http://dlvr.it/PV76vb
Balkan trilateral summit to take place in Thessaloniki http://dlvr.it/PV76WP
Gas drilling off Cyprus commences as planned http://dlvr.it/PV6mtr
Amid fresh uptick in refugee arrivals, Lesvos mayor appeals for action http://dlvr.it/PV6TzJ
On Debt Sustainability"letter of intent" notes "further relief will be essential to maintain GFN bellow 15% of GDP in medium run-20 in long"
"Letter of intent" outlines Ec & Fin policies that will be implemented during 2017-2018 under 13 month precautionary SBA in amount €1,6b
Damian Green left red-faced after slap-down from OBR on 'Brexit risks report' http://bit.ly/2sQlXom
Damian Green rejects 'scaremongering' warnings about quitting EU nuclear body http://bit.ly/2u9ccFX
Boris Johnson: Britain has 'no plan' for leaving EU without a trade deal - http://bit.ly/2sZS8pE
Chief EU negotiator Michel Barnier slams Boris Johnson over 'go whistle' jibe http://bit.ly/2sPjhHT
Quite enjoyable watching a Libdem MEP rely on "stuff Michael O'Leary says". Google "Michael O'Leary quotes" for even more fun.
Michel Barnier says the "second best" option for Britain outside of staying in the EU is to join the EEA like Liechtenstein and Norway
Gibraltar Flag Flies Outside Parliament as King of Spain Visits https://order-order.com/2017/07/12/gibraltar-flag-flies-outside-parliament-king-spain-visits/ …
France, 2017 Unemployment: 10% Debt as % of GDP: 96% GDP growth: 1.3% Trade balance: $61 billion deficit Budget balance: 3% of GDP deficit
Amazing how rapidly the EU's Brexit rhetoric has turned sour. Barnier talking today about lack of trust.
French companies support 26,200 jobs in Illinois! Check out our interactive map of economic ties http://goo.gl/Z24KQ1
France to boost housing for migrants as mayor tweets shock images of camp's child refugees http://dlvr.it/PV4dy6
Barnier responding to Foreign Secretary's words yesterday that EU shd "go whistle": "I'm not hearing any whistling..just the clock ticking"
Latest Ipsos Poll: Germany’s Conservatives Seen At 39%, Social Democrats At 26% - RTRS
Samsung picks Berlin over London for new HQ because UK capital 'only fun for the rich' http://dlvr.it/PV53kC
Exploding yacht injures 16 in west German harbour http://dlvr.it/PV53S0
Germany made more than €1 billion from helping out Greece: report http://dlvr.it/PV3G2n
Germany, Forsa poll: CDU/CSU-EPP: 39% SPD-S&D: 22% ↓ LINKE-LEFT: 9% GRÜNE-G/EFA: 8% AfD-ENF: 8% ↑ FDP-ALDE: 8%
Collective unity of GCC or at least perception thereof , is shot to heck presently.
Boycott-busting bovines begin arriving in Qatar http://f24.my/1UPq.t
Not surprised there isn't a break through today , not after the statement from the Quartet on Tuesday.
*LIBYA CRUDE OIL OUTPUT SAID TO RISE TO 1.05M BARRELS A DAY
TRB claims Garabulli victory but attackers may have changed direction - https://www.libyaherald.com/2017/07/11/trb-claims-garabulli-victory-but-attackers-may-have-changed-direction/ …
Presidency Council should be cut to three says Dialogue - https://www.libyaherald.com/2017/07/11/presidency-council-should-be-cut-to-three-says-dialogue/ …
Vast majority of migrants is “economic” says UN - https://www.libyaherald.com/2017/07/11/vast-majority-of-migrants-is-economic-says-un/ …
Russia - US ceasefire in Southwest Syria moving ahead ..
Maghawir Al-Thawra reportedly refused to be transferred from southern Syria to SDF areas in northern Syria http://syriancivilwarmap.com
Islamic State fighters attacking Syrian Democratic Forces in Rawdah district Map: http://syriancivilwarmap.com
Syrian Democratic Forces repelled an Islamic State attack towards al-Qadisiyyah district in Raqqah Map: http://syriancivilwarmap.com
Government forces are attacking Abu Khashbah and trying to create a rebel pocket Map: http://syriancivilwarmap.com