TOP NEWS: Week 06/27 – 07/03

Weekend 07/02 & 07/03

This Is “Worrisome”: The Probability Of A US Recession Surges To 60%, Deutsche Calculates – Zerohedge
Kyle Bass Shares The “Stunning” Thing A Central Banker Once Told Him – Zerohedge
Morgan Stanley Explains One Big Reason Why Central Planners Can’t Generate Any Inflation – Zerohedge


Friday 07/01

Shares rise on Brexit rate cut prospect – business live – guardian

Italy Just Bailed Out Another Failed Bank, May Use Pension Funds For Future Bank Rescues – Zerohedge
Kyle Bass Says China’s Corporate Bond Market Is ‘Freezing Up’ – Bloomberg
The Best And Worst Performing Assets In June And Q2 – Zerohedge
Emerging Markets: Buy The Bottom After Brexit? – barrons
US Manufacturing ISM Surges To 16-Month Highs (as Construction Spending Crashes) – Zerohedge
Brazil’s Olympic Catastrophe – nyt
S&P Slashes US Economic Growth Outlook, Blames Brexit – Zerohedge
U.S. Yields Set Historic Lows in El-Erian’s Era of Slower Growth – Bloomberg
Austrian Court Orders Rerun Of Presidential Election After Finding “Widespread” Voting Fraud – Zerohedge
U.K. Reverses on 2020 Budget Surplus Goal After Brexit Vote – Bloomberg

The uncomfortable truth that the BoE faces after Brexit – cnbc

A $12 Billion Fund Beats All Peers Picking Stocks Once a Year – Bloomberg

Abe’s expected election win means more bullet trains for Japan, fewer deep reforms – Reuters

Fitch: Brexit – This Time Is Different for European High-Yield – fitch

Eurozone manufacturing growth at 6-month high – markit
Germany Manufacturing PMI hits 28-month high in June – markit
FRANCE: Production falls for third successive month in June – markit
ITALY: Growth in Italian manufacturing production rebounds in June – markit
SPAIN: Output expands at quicker pace despite slower new order growth – markit

JAPAN: Operating conditions continue to worsen – markit

China’s Manufacturing Treads Water in June as Services Perk Up – Bloomberg



Thursday 06/30

Markets calm ahead of Mark Carney’s Brexit speech – business live – guardian

Mexico Raises Key Rate More Than Expected After Brexit Vote – Bloomberg
ECB Said to Weigh Looser QE Rules as Brexit Depletes Asset Pool – Bloomberg
The Macroeconomics of Brexit: Motivated Reasoning? – nyt
U.K. Current-Account Deficit Stays Near Record at 6.9% of GDP – Bloomberg

China to tolerate weaker yuan, wary of trade partners’ reaction – sources – Reuters
Moody’s Lowers Outlook on Singapore Banking Industry to Negative – Bloomberg
Taiwan cuts rate 12.5 bps as Brexit poses risks to outlook – centralbanknews
Santander, Deutsche Bank: U.S. stress test repeat offenders – Reuters
Not in the zone – breakingviews



Wednesday 06/29

Shares push higher as Brexit bounceback continues – business live – guardian

“Deutsche Bank Poses The Greatest Risk To The Global Financial System”: IMF – zerohedge
Credit Suisse beats Deutsche despite rotten year – Reuters
Futures Spike After Banks Unveil Tens Of Billions In Buybacks – zerohedge
JPMORGAN: ‘This is the crucial point wherein Brexit could be stopped’ – businessinsider
What’s Driving This Ramp? The Biggest Short Squeeze In 5 Years – zerohedge

Italian Bank-Rescue Push Falters as Merkel Sticks to the Rules – Bloomberg
April Spending Exuberance Plunges Back To Earth In May As Income Growth Slows – zerohedge

Victims of Brexit’s Real-Time Recession Already Feeling the Pain – Bloomberg

MORGAN STANLEY: There is no way parliament will block Brexit – businessinsider

Britain is not going to kiss the EU goodbye until at least 2019 – businessinsider

Forget December. Forget Next Year. Fed Done Hiking Until 2018 – Bloomberg



Tuesday 06/28

Brexit wipes $3tn off global shares in record rout – business live – guardian

Hong Kong’s downturn will be a harbinger of things to come – businessinsider
Moody’s changes outlook on 12 UK banks and building societies following UK vote to leave the EU – moody’s

EUR Short Positioning To Start Converging With GBP? Where To Target? – BNPP – efxnews

What Is The Source Of Today’s Buying Panic: RBC Explains – zerohedge

Siemens freezes new UK wind power investment following Brexit vote – guardian

Brexit Proponents’ False Promises Crumble – nyt

Wrong Brexit response could cause global recession, says former Wells Fargo CEO – cnbc
Bank Demand at BOE Liquidity Operation Surges After Brexit – Bloomberg

Chance of “No Brexit” scenario up to 30% – nordea
Brexit will mean higher taxes, less spending for U.K. – cnn
Fed Rate Cut Now More Likely Than Hike After Brexit Shock: Chart – Bloomberg

Spanish Economy Grew 0.7% in Second Quarter, Bank of Spain Says – Bloomberg
Brexit: Initial Impact and the Road Ahead – barrons



Monday 06/27

Pound and shares hit again by Brexit crisis – business live – guardian

S&P Cuts U.K. Top Credit Rating by Two Notches After Brexit Vote – Bloomberg
Cameron Rejects Do-Over Brexit Vote as Market Fallout Worsens – Bloomberg
Economic Fears Rising, Britain Hopes to Stay in E.U. Market – nyt
China’s reaction to Brexit has already put the entire world at risk – businessinsider
Slovak Far-Right Party to Start Petition for EU Exit Referendum – Bloomberg

MORGAN STANLEY: Buy these stocks post-Brexit – businessinsider
Brazil Is Back to Pre-Junk Levels as Swaps Traders Bet on Temer – Bloomberg

German Property Stocks Prove Magnet for Investors Seeking Haven – Bloomberg

BARCLAYS: Stay away from the stock market – businessinsider
Brexit Burns Mexico as Peso Plunge Spurs Wagers on Rate Increase – Bloomberg

The $100 Trillion Bond Market’s Got Bigger Concerns Than Brexit – Bloomberg
Brexit Adds $380 Billion to Global Negative-Yielding Bond Pile – Bloomberg
U.K. 10-year bond yields drop below 1% for first time ever – Marketwatch

Emerging Assets Fall Second Day on Concern Brexit to Slow Growth – Bloomberg

It’s getting worse for investment bankers – businessinsider
EasyJet warns on profit, citing Brexit uncertainty – Marketwatch
Europe’s cheap and abundant air travel is at risk after Brexit – cnn
There’s about to be huge upheaval in the financial world – businessinsider
Brexit Will Bludgeon Banks yet Could Help Miners: Monday’s Analyst Actions – Bloomberg
Brexit is (Even) Badder News for Britain’s Corporate Bond Market – Bloomberg

Italy Said to Weigh $44 Billion Injection in Banks After Brexit – Bloomberg

Billionaire Soros Was ‘Long’ on Pound Before Vote on Brexit – Bloomberg
Spain’s acting PM says hopes to reach government deal within a month – Reuters
Investors Map Post-Brexit Strategies Amid Global Market Upheaval – Bloomberg
Brexit’s Impact on the Eurozone – pimco

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