TOP NEWS: Week 07/04 – 07/10

Friday 07/08

Business Live – guardian

Moody’s: Political contagion across European Union is greatest Brexit risk – moodys
BAML: Startled investors are pumping billions into bonds and precious metals – businessinsider
Emerging Bond Fund Flows Set Record After Brexit Vote, EPFR Says – Bloomberg
Kiwi, Aussie Are Best Performers as Hunt for Yield Picks Up Pace – Bloomberg

 

 

Thursday 07/07

Pound could ‘hit parity with dollar’ unless politicians get a grip on Brexit – business live – guardian

Gross Calls Sovereign Bonds Too Risky With U.S. Yields Near Lows – Bloomberg
China just stunned the markets – businessinsider
BARCLAYS: Brexit has uncorked a genie in the currency markets – businessinsider

Monte Paschi Bonds Drop as Italy-Europe Talks Halt in Deadlock – Bloomberg

L&G cuts UK property fund value by further 10 pct – lse

Fitch: Global Sovereign Downgrades Set for a Record Year – fitch

Italy’s teetering banks will be Europe’s next crisis – economist

JPMorgan could move thousands of staff out of UK: report – Reuters
SNB Foreign-Currency Reserves Rise on Brexit Intervention: Chart – Bloomberg

Gold’s Most Accurate Forecaster Says Prices May Go to $1,425 – Bloomberg

German Output in May Unexpectedly Drops in Sign of Slowdown – Bloomberg
Australia: Why S&P’s Negative Outlook Is A Non-Event – barrons
Brexit wipes £1bn from UK dividends – citywire

 

 

Wednesday 07/06

Brexit fears send pound sliding below $1.30 – business live – guardian

China To Boost “Economic Growth” By Changing Definition Of GDP – Zerohedge
Domino #7: In Dramatic Twist, UK Property Fund Cuts Value Of Its Assets By 17% – Zerohedge
More Dominoes : Panic Withdrawals Force Three More UK Property Funds To Freeze Assets – Zerohedge
FOMC Minutes Reveal Fed Wanted More Info Before Hiking – Zerohedge
And The Biggest Loser From The UK’s “Falling Dominoes” Is… – Zerohedge
Domino #4: Henderson Suspends $5 Billion UK Property Fund Over “Exceptional Liquidity Pressures” – Zerohedge
“Rebound? What Rebound?” – Services Sector Business Confidence Hits Record Lows As ISM Surges To 7-Month Highs – Zerohedge
German Factory Orders Unexpectedly Failed to Rise in May – Bloomberg
“It Feels Like 2008” Government Bond Yields Signal “Something Very Nasty Is Coming” – Zerohedge
Bill Gross Says Yellen “Worships False Idols” So “Worry About The Return Of Your Money, Not On It” – Zerohedge

Japan’s 20-Year government bond yield turns negative for the first time – Marketwatch
Gold Jumps to Two-Year High as Bullish Wagers Surge on Turmoil – Bloomberg

 

 

Tuesday 07/05

Business Live – guardian

“The Dominoes Are Fallling”: Three Largest UK Property Funds Freeze $12 Billion In Assets, More To Come – zerohedge
Italy Bans Short-Selling Of Imploding Monte Paschi – zerohedge
China revises GDP calculation method – xinhuanet
A Look Inside Europe’s Next Crisis: Why Everyone Is Finally Panicking About Italian Banks – zerohedge
Russia to empty one of its sovereign funds next year – ministry proposal – Reuters
WTF Chart Of The Day – Factory Orders Collapse To Longest Streak In US History – zerohedge
The EU’s Inflexible Bank Rules Risk an Italian Brexit – Bloomberg
Bank Of England Unveils First Easing Measures After Brexit – Zerohedge
BOE Cuts Bank Capital Buffer as Brexit Vote Challenges Stability – Bloomberg
UK services expansion weakens in June and outlook darkens – markit
A Prime Minister, a Referendum and Italy’s Turn to Get Worried – Bloomberg
India’s GDP growth challenged by lackluster global demand, high leverage – moody’s
Eurozone second quarter growth weakest since end of 2014 – markit

Italy Said to Consider Capital Injection in Banca Monte Paschi – Bloomberg
Swiss 50-year bond yield falls below zero for first time – Reuters 
GERMANY: PMI data signal weakest rise in service sector activity in over a year – markit
Brexit Accelerates the British Pound’s 100 Years of Debasement – Bloomberg
France’s service sector stagnates during June – markit
U.S. Caffeine Binge Drives Global Coffee Demand Higher: Chart – Bloomberg
ITALY: Service sector business activity returns to growth in June – markit
Markit Spain Services PMI: Fastest rise in employment for almost nine years – markit

Brexit Might Have Cost Banks $165 Billion – Bloomberg
RBA Stands Pat, Awaits Inflation Data to Judge Policy Stance – Bloomberg
China Caixin services PMI rebounds in June – Marketwatch
Australia trade deficit widens in May – Marketwatch

 

 

Monday 07/04

Stimulus hopes push FTSE 100 to 10-month high – business live – guardian

Italian banks under pressure as political crisis looms – Marketwatch
EU exit could trim UK GDP by 1.5 to 4.5% by 2019: IMF head – cnbc
Standard Life suspends trading in UK property fund – bbc
Italy could be on a collision course for two key reasons – cnbc
ECB to ask Monte dei Paschi to act on bad loans – Marketwatch
Nigel Farage has resigned as leader of the UK Independence Party – businessinsider

U.K. Construction Shrinks at Fastest Pace Since 2009 on Brexit – Bloomberg
HSBC: This is not a good result for the Australian economy – BUSINESSINSIDER
China economy news: Capital outflows driven by residents, Goldman Sachs says – cnbc
BOJ should refrain from easing, eye tapering: former board member Shirai – Reuters
London Law Firm Says Brexit Can’t Happen Without Parliament Vote – Bloomberg

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