Tue 11th Jun
OVERNIGHT (ASIA + US)
Asia markets live updates: BOJ decision, China, India inflation
https://www.cnbc.com/2024/06/10/asia-markets-live-updates-boj-decision-china-india-inflation.html
US stocks eked mild gains in quiet trade ahead of Wednesday's US CPI and FOMC
Stocks post marginal gains in pre Fed/CPI trade
Bitcoin, Bullion, & Black Gold Bid As Stocks & Bonds Shrug Off EU Elections
https://www.zerohedge.com/markets/bitcoin-bullion-black-gold-bid-stocks-bonds-shrug-eu-elections
MAIN MACRO DUE
US CPI and FOMC due this week - UBS preview
https://www.forexlive.com/centralbank/us-cpi-and-fomc-due-this-week-ubs-preview-20240610/
The Fed’s Interest Rate-Cut Cues Will Be in Focus
https://www.wsj.com/economy/central-banking/fed-meeting-interest-rate-preview-9eabab49
European Central Bank speakers on Tuesday include Holzmann, Villeroy and Lane
MAIN BONDS DUE
10:00: Netherlands to Sell Up to EU2 Billion of 2.5% 2034 Bonds
10:00: Malta to Sell Bills
10:30: Spain to Sell 266-Day Bills
10:30: Spain to Sell 84-Day Bills
11:00: Switzerland to Sell 91-day Bills
11:30: Belgium to Sell EU1.2 Billion of 329-day Bills
12:00: Finland to Sell 2.95% 2055 Bonds
12:00: Finland to Sell 3% 2034 Bonds
UKRAINE/RUSSIA
Ukraine Claims First-Ever Fighter Jet Strike On Russian Territory
https://www.zerohedge.com/geopolitical/ukraine-conducts-first-ever-airstrike-russian-territory
Russia Could Deploy ICBMs In Mexico, State TV Warns
https://www.zerohedge.com/geopolitical/russia-could-deploy-icbms-mexico-state-tv-warns
Europe in Talks to Keep Russia-Ukraine Gas Pipeline Flowing Despite War
Russia's Oil & Gas Revenues Surged By 73.5% In January-May
https://www.zerohedge.com/energy/russias-oil-gas-revenues-surged-735-january-may
ISRAEL/MIDDLE EAST
Gaza Chief’s Brutal Calculation: Civilian Bloodshed Will Help Hamas
Joe Biden’s Gaza ceasefire plan endorsed by UN Security Council
https://www.ft.com/content/8961bdbf-737e-4810-95fe-81ce05ba39a1
Biden To Offer Saudi Arabia Defense Treaty In Exchange For Official Ties With Isra
Blinken's Exercise In Futility: Mideast Tour #8 To Achieve Gaza Truce
Gantz’s war coalition exit removes ‘moderating influence’ on Netanyahu
https://www.ft.com/content/804e42dc-6479-4da0-8e7a-a879ce7de242
WORLD GEOPOLITICS
US plans to turn Taiwan Strait into ‘unmanned Hellscape’ if China invades: top admiral
European Commission expected to announce Chinese electric vehicle (EV) tariffs this week
Biden's Approval Rating Sinks Further, Despite More Positive Polling Outlook
https://marketnews.com/biden-s-approval-rating-sinks-further-despite-more-positive-polling-outlook
After Trump Verdict, Swing State Poll Shows How It Impacts Voters' Decisions
GLOBAL/GENERAL
Bonds, Oil, Copper, Gold & The Dollar
https://www.yardeniquicktakes.com/bonds-copper-oil/
EUROPE
Christine Lagarde says ECB can keep rates on hold as long as needed
https://www.ft.com/content/27b95ab2-8490-4f81-b31d-12d8e5d37ffd
Lagarde Says ECB Cut Doesn’t Put Rate on ‘Linear Declining Path’
What EU election results and far-right surge mean for markets - in charts
"Time For Some 3D Chess": Here's Why A Battered Macron Just Called Snap Elections
Bill Gross Says European Bonds Are Becoming More Attractive
France's borrowing costs surge as Macron calls snap election
French banks, energy, highway stocks plunge after Macron calls elections
Why a Le Pen victory risks dooming France to years of stagnatio
Scholz dismisses demands for early German election after EU poll rout
https://www.ft.com/content/4bfee61a-e14c-4fa3-9db9-a297027558bb
Scholz spells 'sheer catastrophe' for 'developing country' Germany, Deutsche Börse chief says
Orban Rules Out Early Hungary Elections After Rival Peter Magyar’s Surge
Race to appoint new Swiss central bank chief nears end
UK
Rishi Sunak puts tax cuts at the centre of Tory election manifesto
https://www.ft.com/content/812f464f-d2fc-4da4-b021-62641baedad7
Tory manifesto will not include inheritance tax cut
Rightwing Tories plan ‘rebel manifesto’ if Sunak’s policy launch falls flat
Tory ads warn voters of Labour landslide as election bid falter
https://www.ft.com/content/19f02609-f21b-4615-b2c4-d71f92b27c5f
UK election: JP Morgan forecasts positive if Labour wins: move beyond policy paralysis
US companies ‘concerned’ about rising UK costs under a Labour government
https://www.ft.com/content/a2fb3205-9043-46ab-be04-b9d679ac4405
Nigel Farage says Reform support nearing electoral tipping point for Tories
https://www.ft.com/content/d9036197-2071-4046-9125-ff7e7dba50e1
Farage's Reform UK wants 40-billion-pound tax cut funded by QE overhaul
Mr Farage goes to Threadneedle Street
https://www.ft.com/content/37f3e293-dd2d-4051-9459-c91681b2585a
Labour sparks concern over potential capital gains tax hike
https://www.ft.com/content/9bd34b5e-6230-47a7-8706-b6c3bc97fac0
Why Labour might be tempted to raise capital gains tax
https://www.ft.com/content/d1916827-5803-43b4-834f-4b5e7afff287
'Tax rises inevitable' because of Bank of England money-printing costs
UK unemployment rising at fastest pace of OECD countries, analysis shows
UK poised to approve biggest overhaul of listing regime in 40 years
https://www.ft.com/content/5c9a948e-8a43-4e82-8e11-8d06bda96971
Shein's pre-IPO charm offensive hits roadblocks in Europe
US
Short-Term Inflation Expectations Decline As Stock Market Optimism Hits 3 Year High: NY Fed Consumer Survey
Treasury Yields Jump To One-Week High After Ugly 3Y Auction
https://www.zerohedge.com/markets/treasury-yields-jump-one-week-high-after-ugly-3y-auction
Is There A Financial Crisis Bubbling Under The Surface?
https://www.zerohedge.com/economics/there-financial-crisis-bubbling-under-surface
GameStop shares slide 12% following Friday's 40% sell-off
CHINA
Onshore yuan (CNY) has dropped to its weakest since mid-November 2023
Yuan intervention - China's major state-owned banks seen selling USD/CNY
China's home de-stocking push to bring developers little cheer
Bloomberg: Chinese Builder Dexin Receives Liquidation Order From Hong Kong Court
JAPAN
BOJ Expected to Weigh Bond Buying Cuts as Interest Rate Hike Timing Nears
AUSTRALIA
Australian May business confidence -3 (prior 1.0)
https://www.forexlive.com/news/australian-may-business-confidence-3-prior-10-20240611/
GLOBAL SECTORS
BANKS + FINANCE
Mnuchin's Liberty Strategic Capital reports 7.7% stake in NYCB
SocGen struggles to strike deal for custody unit, sources say
TMT
Here’s everything Apple announced at the WWDC 2024 keynote, including Apple Intelligence, Siri makeover
https://techcrunch.com/2024/06/10/everything-apple-announced-wwdc-2024/
Apple Just Threw Down the Gauntlet in the AI Wars
https://www.businessinsider.com/apple-just-threw-down-gauntlet-in-ai-wars-intelligence-wwdc-2024-6
Apple's AI push could reinvigorate iPhone sales as customers look to upgrade
Apple WWDC keynote sends stock lower despite Apple Intelligence preview
https://www.marketwatch.com/livecoverage/apple-wwdc-2024-keynote-watch-ai-iphone-ios-tim-cook
Elon Musk to ban Apple devices from his companies over OpenAI deal
As Nvidia’s stock split takes effect, this stat shows how far it’s come
"Nvidia Begins Post-Stock-Split Era With Price-Target Hikes"
http://climateerinvest.blogspot.com/2024/06/nvidia-begins-post-stock-split-era-with.html
Supreme Court To Hear Case About Facebook Data-Harvesting Incident
https://www.zerohedge.com/political/supreme-court-hear-case-about-facebook-data-harvesting-incident
Taiwan's energy crunch could throw a wrench into global chip industry
METALS
China doing a Chuck Norris on gold - waiting and watching
Singapore to lead the gold market, said the World Gold Counci
https://www.cnbc.com/2024/06/11/singapore-to-lead-the-gold-market-said-the-world-gold-council.html
OIL + GAS
Record Plunge In Bullish Brent Wagers Signals Price Rebound Imminent
Bank of America says long oil is the best upside hedge into the US election
CRYPTO
From Dogecoin to SHIB: The Rise and Resilience of Memecoins in Crypto
https://www.ibtimes.co.uk/dogecoin-shib-rise-resilience-memecoins-crypto-1724915