>>6920598 lb
>>6920575 lb
you both would be wrong. hate that shit. Learn how to use the catalog and stop being fucking stupid. Did you both arrive yesterday? sounds like it. You couldn't be moar wrong
Asian Market Report
Asian shares near two-month highs ahead of U.S. payrolls. Asian shares hovered near two-month highs on Friday, holding recent gains as investors awaited U.S. employment data.
They are just off a few ticks at present. A key release that could make or break market expectations about aggressive policy easing by the Federal Reserve.
All eyes are on U.S. non-farm payrolls, due later in the day, which is expected to have jumped by 160,000 in June compared with 75,000 in May.
The Fed holds its two-day policy meeting on July 30-31 and futures (CME-cap#3) are are fully pricing in a 25-basis-point cut. Investors also see a *27.6% (corrected reuters article-they had it wrong at 25%) chance of a 50-basis-point reduction.
The Fed is not alone in embarking on easier monetary policy. Australia’s central bank has cut its cash rate by 50 basis points since June while leaving the door ajar for a third move this year.
In the euro zone, financial markets expect the bloc’s central bank to lay out the landscape for further monetary easing at its July 25 meeting.
Germany’s 10-year government bond yield, a benchmark for euro zone debt, fell to -0.4% and matched the European Central Bank’s deposit rate for the first time — a sign that markets are expecting rate cuts.
Spot gold XAU= was higher at $1,418.2 an ounce.
Some Headlines
Samsung Electronics profit guidance beats expectations on one-off gains, outlook weak
Samsung Electronics Co Ltd forecast a steep plunge in its second-quarter operating profit as the U.S.-China trade war wreaks havoc in global chip and smartphone markets, although one-off gains helped it beat analyst expectations. The South Korean tech giant is on track to post year-on-year profit declines for a third consecutive quarter as chip prices fell due to a supply glut and U.S. sanctions on Chinese telecom equipment maker Huawei Technologies, a key Samsung client.
One-off gains in the display division, which supplies display panels to Apple Inc, were reflected in the operating profit, the company said without elaborating.
Samsung received reimbursement worth about 800 billion won for display panels sold to Apple as the U.S. smartphone maker missed a sales target the parties had agreed on, analysts said.
https://www.reuters.com/article/us-samsung-results/samsung-electronics-profit-guidance-beats-expectations-on-one-off-gains-outlook-weak-idUSKCN1TZ26C
see story re: japan and south korea below for moar on this
JPMorgan Asset Buys Treasuries, Italian Bonds as Inflation Slows
U.S. 10-year yield will fall to 1.75% by year-end: Mac Gorain. Spanish 10-year yield may easily drop to zero in coming months.
JPMorgan Asset Management is buying Treasuries and Italian bonds in a bet slowing inflation and trade-war tensions will convince major central banks to keep cutting interest rates. The $1.7 trillion money manager is snapping up U.S. five- and 10-year notes as it predicts the Federal Reserve will lower its benchmark rate by a combined 75 basis points through year-end.
https://www.bloomberg.com//news/articles/2019-07-04/jpmorgan-asset-buys-treasuries-italian-bonds-as-inflation-slows
they have to buy these because all the debt they already own is at record highs (record low yields), they also think that the game will go on and the yields will increase, BTW who are you going to sell these to?
Japan looks to turn up the heat on South Korea with stricter export controls on more items
TOKYO/SEOUL - Japan is considering imposing stricter export controls on more items bound for South Korea, government sources said Tuesday, in an apparent effort to raise pressure on Seoul to help resolve a bilateral dispute over compensation for wartime labor.
Expanding the list of items, possibly to include electronic parts and related materials that can be diverted to military use, will likely exacerbate bilateral tensions, and some within the government remain cautious about taking further steps, the sources said.
https://www.japantimes.co.jp/news/2019/07/03/business/japan-looks-turn-heat-south-korea-stricter-export-controls-items/#.XR59eohKjAQ
Australian banking regulator confirms looser mortgage lending rules
https://www.reuters.com/article/us-australia-banks-regulator/australian-banking-regulator-confirms-looser-mortgage-lending-rules-idUSKCN1U002V?
creating a bigger bubble in Oz-sorry AusFags
https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html/
https://www.cnbc.com/asia-markets/
https://www.dailyfx.com/crude-oil
kek
>>6921270 ‘Wolf of Wall Street’ Producer, Riza Aziz, Is Charged in Malaysia Fund Scandal-1MDB
notable
kek