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  • The Fed returns to support risk once more, but China reinfection still a concern

    From hmarkets.com

    The Federal Reserve has come to the rescue of the risk recovery once more. Just as the momentum of a corrective move was building, the Federal Reserve has announced that it will sweep in and buy up US corporate debt. A move to support liquidity and the availability of credit to large US companies. Market focus has switched from concerns over a building second wave of COVID-19 infections in Beijing, to the “Powell put” once more. The old adage “don’t fight the Fed” has again come to the fore. Risk appetite has picked up and Wall Street turned completely on its head again. What had looked to be a session of ... (full story)

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    India-China: India Confirms Loss Of Lives On The Indian Side Includes An Officer And Two Soldiers

    From @FirstSquawk|Jun 16, 2020|7 comments

    tweet at 3:33am: INDIA-CHINA LAC UPDATE: CHINA AT GALWAN, INDIA CONFIRMS LOSS OF LIVES ON THE INDIAN SIDE INCLUDES AN OFFICER AND TWO SOLDIERSIndia soldiers killed in clash with Chinese forces Three Indian soldiers have been killed in a clash with Chinese forces in Ladakh in the disputed Kashmir region. The Indian army said "senior military officials of the two sides are meeting to defuse the situation", adding that both sides suffered casualties. China responded by calling on India not to take unilateral actions or stir up trouble, the Reuters agency reported. China has also accused India of crossing the border and attacking Chinese soldiers, the AFP agency said. Chinese foreign ministry spokesman Zhao Lijian was quoted as saying that India had crossed the border, "provoking and attacking Chinese personnel, resulting in serious physical confrontation between border forces on the two sides". Beijing has not announced any Chinese casualties. The country's Global Times newspaper reported that "solemn representations" had been made with India over the incident. The clash comes amid rising tensions between the two countries. India has accused China of sending thousands of troops into Ladakh's Galwan valley.

    China bond indexes steady after MLF boost

    From asiatimes.com|Jun 16, 2020|1 comment

    The ATF index gauges were stable on Monday, as the People’s Bank of China (PBoC) injected 200 billion ($28 billion) into the market via its medium-term lending facility (MLF). The ...

    Reports Exploding Sound Heard Near Korean Border Area - Joongang

    From @LiveSquawk|Jun 16, 2020|9 comments

    tweet at 2:36am: Reports Exploding Sound Heard Near Korean Border Area - Joongang tweet at 2:42am: South Korean military states that the inter-Korean liaison office may have been demolishedSmoke rises, explosion heard from N.K. border town of Kaesong: sources Smoke rose and an explosion was heard from the joint industrial complex in North Korea's border town of Kaesong on Tuesday, sources said, sparking speculation that the communist nation could have blown up an inter-Korean liaison office there.

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    Postponed agreements lead to lower wage growth

    From e-markets.nordea.com|Jun 16, 2020

    The big pay round has been postponed and nearly half of all wage earners have had their wages frozen. Despite this, we expect wage growth at 1.9% this year and next year. Pay ...

    Both Expectations and Assessment of the Current Situation Improve

    From zew.de|Jun 16, 2020

    In June 2020, the ZEW Indicator of Economic Sentiment for Germany increased for the third consecutive time. The indicator currently stands at 63.4 points, which corresponds to a ...

    South Korea: Will Sternly Respond If North Korea Continues To Take Steps To Worsen Situation

    From @LiveSquawk|Jun 16, 2020|3 comments

    tweet at 5:42am: South Korea Blue House: Will Sternly Respond If North Korea Continues To Take Steps To Worsen Situation - RTRS

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  • Posted: Jun 16, 2020 3:56am
  • Submitted by:
     HantecRich
    Category: Technical Analysis
    Comments: 0  /  Views: 5,938
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