Markets.....
Asia....
Good morning! Asia stocks lower as US Healthcare bill fall and on further signs of regulatory tightening in China. Weaker oil also weighing.
Dollar drops to 10mth low, hobbled by uncertainty over Fed tightening & worries over Trump's health care reforms. http://reut.rs/2tk5n4R
Economic data due from Asia today (& RBA minutes)
Pretty strong quake (7.7mg) and not very deep - just 11.7 km...
People’s Bank of China sets yuan reference rate at 6.7611 (vs. yesterday at 6.7562)
FT: Rio Tinto lowers iron ore guidance
New Zealand Q2 CPI flat q/q (est 0.2pct, prev 1.0pct), 1.7pct y/y (est 1.9pct, prev 2.2pct)
NZ inflation data and RBA minutes due today - here is a twofer preview
Australia - RBA July meeting minutes due today - preview #4
Whoa. This is big news.
US...
US stocks end the day with small changes
US crude oil future settle at $46.02, down -$0.52
Upcoming key events and releases
Gold moves back above 200 day MA today
Europe...
European stock indices mostly lower
In case you missed Deutsche's new #Euro forecast, one of weirdest turns in FX. Expects no longer a plunge to sub-parity but a rise to $1.30.
#Greece's last return to the bond market became a roller coaster ride for investors. The 4.75% bond, issued in 2014, is now in pos territory
HSBC calls for more fiscal integration in Eurozone & deficit spending at EU level as most countries except Germany facing fiscal constraints
Crypto Coin News....
LiveBlog Update: Bitcoin ATM Maker Recommends Pause on Trading If UASF Activates http://www.coindesk.com/bitcoin-scaling-watch-news-guides-navigate-coming-clash-code/ …
CoinDash ICO Hacked; Start-Up Halts ICO, Releases Statement https://www.cryptocoinsnews.com/coindash-ico-hacked-start-up-halts-ico-releases-statement/ …
Over $7 Million Stolen After CoinDash Initial Coin Offering Hacked http://www.zerohedge.com/news/2017-07-17/over-7-million-stolen-after-coindash-initial-coin-offering-hacked …
US Politics.....
House Freedom Caucus members threatening to oppose Republican budget http://hill.cm/NwipCxZ
JUST IN: Mitch McConnell says Senate will vote on a full repeal of Obamacare with 2-year delay, in statement. More: http://nbcnews.to/2u3rNUS
Replace and Repeal in deep trouble.
GOP Senators Come Out Against Republican Healthcare Bill, Ensuring It Can't Pass
Both Thune and Barrasso say they think there will be a CBO score for the health care bill this week.
Note left at GOP senator's office threatened death if he voted for ObamaCare repeal bill http://hill.cm/N0UiLZ1
US healthcare system is worst out of 11 developed nations: study http://hill.cm/sGRfTLS
On the subject of NAFTA , here is the WH strategy...
Trump admin expands visas for foreign workers, claims not enough willing US workers to fill jobs: http://hill.cm/FGBDbXN
Dershowitz: Ruling shows I'm right on Trump and corruption http://hill.cm/XpAH27W
JUST IN: Tillerson to shut down State Department office on war crimes: report http://hill.cm/yb0AKrR
Republicans join growing calls for Kushner to leave the White House: http://hill.cm/ubQ3mv2
JUST IN: Grandparents now allowed to obtain visas under Trump travel ban: report http://hill.cm/NQnVaYI
As are @JohnCornyn & @SenatorLankford
ObamaCare repeal faces unexpected setback in Senate: http://hill.cm/q6TeUY7
Treasury keeps saying there is no prioritization plan....
US to blockade Venezuela, not unlike GCC Quartet ?
Tillerson to make announcement on Iran nuclear deal: White House http://reut.rs/2usAquJ
Putin's spox said Trump Admin should return seized Russian properties ASAP; @PressSec says he doesn't know if Putin & Trump discussed it
The tweak that could cost Mike Lee’s vote and sink the healthcare bill
It's not just that an unarmed woman in pajamas was killed , it's that dashcam + both body cams turned off.
Russia and US still at loggerheads over seized property and US attempt to impose preconditions....
Europe...
Greece...
Half of Greeks Between 18-35 Financially Supported by Family http://dlvr.it/PWFF1S #Greece
Injured Fireman in Corinth Blaze Dies of Injuries http://dlvr.it/PWFF2N #Greece
Almost 10,000 Migrants Stuck at the Camps of Eastern Aegean http://dlvr.it/PWFF2f #Greece
#Greece asks for another exemption from systematic border checks
Tsipras Hails Drop In Unemployment Sees Increase in Wages http://dlvr.it/PWCWDX #Greece
IMF Chief: Greek PM Tsipras Wanted to Change the Euro Zone Rules http://dlvr.it/PW9CMl #Greece
Ukraine....
Were the old sticks ever used ?
HISTORY: On this day in 2014, Malaysian Airlines Flight 17 was shot down near the Ukraine-Russia border, killing 298 people on board.
UK.....
ICYMI David Cameron warns Theresa May she needs 'a more inspiring vision' to win back voters from Labour
http://bit.ly/2ur5f38
The whole premise of this is wrong. Wrongly assumes Leavers understand Brexit more than Remainers.
Next leader just needs to be "not TMay".
Jeremy Corbyn tells his MPs to keep campaigning against the Tories through the summer http://bit.ly/2u2emVc
Theresa May to read riot act to Cabinet ministers over media leaks - http://bit.ly/2t7bbKQ
LISTEN: Brexit bill action, committee chairs + interviews with @Keir_Starmer & @andrealeadsom in our LATEST podcast http://bit.ly/2tQM9TK
Politics meets reality..
"Grenfell Tower & the EU: A North-Booker red herring" http://theriveroflife.com/2017/07/17/grenfell-tower-and-the-eu-north-booker-red-herring-part-2 … @AndrewChapman50 picks apart North's claim: "Quite outrageous"
Italy.....
Immigration blowback...
Italy delays vote on citizenship rights for children of migrants http://dlvr.it/PWB22z
Lazio region calls for state of emergency over wildfires http://dlvr.it/PW7szp
Strategy of delayed reform has been characteristic of the Italian banking crisis: http://bru.gl/2tJZ2g1 #Italy #banks @SMerler
Gulf Rift.....
Key UAE figures deny any role in alleged hacking of Qatar , WaPo article declared false.
Gargash-GCC could possibly be "refashioned"/Gulf Rift may be a long running standoff/US role as possible monitor.
Egypt reiterates original list of demands must be met by Qatar or sanctions will remain.
Interesting....
BREAKING: Qatar says it regrets that senior officials from the United Arab Emirates were involved in hacking Qatar's news agency.
UAE could be at risk in massive 9/11 litigation , as adding UAE to the litigation is under consideration.
Libya....
#Libya EU restricts sales of rubber boats to Libya migrant smugglers
Libyan oil official says that national oil production stands at 1.032mln bpd #OOTT
Clear as mud , regarding where things go from here.
Ageilah Saleh: Serraj's intiative violates constitutional declaration and political agreement. #Libya
http://www.alwasat.ly/ar/news/libya/147576/ …
Syria....
And time will tell whether SDF will continue to press on at Raqqa or take long view & Plan B siege approach.
Commander Klara rejects SDF stopped Raqqa operation. "Such rumors are spread to smear our operations. Fighting continues, we are advancing"
Despite official denials from coalition, local sources say SDF are reinforcing defences around Raqqa and re-evaluating tactics, after losses
Key thread on SDF breaking Raqqa operation and moving to Siege - Plan B
Multiple sources tell @BBCNews that SDF have paused Raqqa offensive after sustaining heavy losses.
ISIS defenses collapsing in southern Raqqa today..
Further info on Raqqa op..
Appears SDF operation to take Raqqa on hold due to SDF taking heavy casualties.
Syrian Army liberated Deilla oil field after Zemlah&Kalaa gas fields in south Raqqa CS.
HD:http://imgur.com/R6M2TMK
ISIS being hit hard by Russia jets near Sukhnah , a key ISIS stronghold leading to Deir Ezzor.
KREMLIN HAS NO PRECISE INFO ON ISIL LEADER AL-BAGHDADI'S DEATH, CONFLICTING REPORTS ON THE MATTER KEEP COMING - PESKOV: IFX
#RAQA: Striking map by Reach.
Pink areas are destroyed/heavily damaged.
Beige are abandoned/largely vacated.
Gray still populated.
Odds & Ends....
Turkey...
Pro-Erdoğan Güneş newspaper runs an opinion column comparing Trotsky to Gülen: both traitors who moved to the Americas...
Appeal body begins receiving objections to state of emergency rulings http://www.hurriyetdailynews.com/appeal-body-begins-receiving-objections-to-state-of-emergency-rulings.aspx?pageID=238&nID=115610&NewsCatID=338 …
Kılıçdaroğlu says main opposition CHP ready for more street protests http://www.hurriyetdailynews.com/kilicdaroglu-says-chp-ready-for-more-street-protests.aspx?pageID=238&nID=115596&NewsCatID=338 …
North Korea...
War between the U.S. and #NorthKorea is not inevitable, but it's growing increasingly likely. Pt 1 of a 3-pt series. http://social.stratfor.com/rrTM30dGRrn
South Korea proposes rare military talks with North Korea
If they were to go ahead, they would be the first high-level talks since 2015
Generals in North Korea are losing space for medals It's on the pants now.......
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