Transnational Gangs – America is Under Attack
America has been invaded; no one is safe. The media has stifled reports that groups of migrants are targeting upscale residents and burglarizing homes. Biden provided these people with entry [...]
Market Talk June 6th, 2016
A mixed session out of Asia saw the Nikkei and Shanghai small lower whilst the Hang Seng managed a 0.4% rally. After Fridays surprise NFP release the JPY continued stronger, trading as low as 106.40. However, the big news overnight was about the shift in the upcoming BREXIT vote and the swing towards a possible vote to leave the EU. Sterling lost at one stage about 1.4% declining to 1.4350 just ahead of London opening. The European session was spent recovering much of that and we closed around 0.5% lower at 1.4440.
European equities failed to move that much today, ahead of Janet Yellen’s speech, with the exception being FTSE. That market reacted to the weakness of GBP and so rallied 1% on the day. All other core European markets were dragged better as we saw a strong performance coming from the US.
Fed Chair Janet Yellen was slightly more upbeat than many had expected (given Fridays numbers). Many dealers remarked that they expected her to be a little more conservative than previous. Speaking at the World Affairs Council she spoke more positively and tended to adopted a broader more holistic horizon confusing many as they remain transfixed on the Jobs Report.
Fixed-Income markets returned some of Fridays action with the long end being hit most. 2yr US Treasuries climbed 2.5bp to close the day at 0.795%. 10’s meanwhile closed 1.74%. In Europe the 10yr Bund closed 0.085% closing the US/Bund spread at +165.5bp. 10yr Italy closed 1.46% (+5bp), Greece 7.17% (+5bp), Turkey 9.28% (-6bp), Portugal 3.17% (+2.5bp) and UK Gilt 10yr closed 1.28% (u/c).
Latest Posts
Deputy Prime Minister Chrystia Freeland is on the WEF Board of Trustees
Deputy Prime Minister Chrystia Freeland is officially a member of the World Economic Forum’s Board of Trustees. Klaus Schwab meant it when he said he had infiltrated cabinets across the [...]
Trudeau Expands Ministry of Truth
The elites do not want the people openly discussing ideas. They are threatened by original thoughts and want to limit our available information for their protection. Banning together would be [...]
PRIVATE BLOG – The Bond Crash
PRIVATE BLOG – The Bond Crash Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/
