Australia

Global Stocks Rise Amid Strong Economic Data; Yen Drops To 2 Month Low As Oil Resumes Slide

In a quiet overnight session, S&P 500 futures are fractionally in the green (2,426, +0.2%) with European and Asian stocks as oil drops second day after an initial ramp higher amid speculation that LIbya and Nigeria may be asked to cap their production. Nasdaq 100 Index are again higher, following the biggest daily advance in more than a week, up 0.4% as of 6:20 a.m. in New York.

FX Week Ahead Preview: USD/JPY Set To Probe Higher Levels

Yield control measures forced the BoJ's hand as the zero target for the 10yr was returned, and this gave the spot rate fresh legs through 114.00.  114.50-115.00 higher up is a very heavy zone to contend with however, and with concerns over N.Korea causing heightened tensions, we see strong profit taking interest up here at the very least. 

"It's Too Late" - 7 Signs Australia Can't Avoid Economic Apocalypse

"Millions of ordinary, financially unprepared, Australians are now at the mercy of the international markets and foreign policy makers... Unfortunately, the window for taking pre-emptive action with an orderly unwinding of structural macroeconomic imbalances has now closed..."

A Tale Of Two Gold Markets

"... if you called to buy gold and I did not know you personally, I would not even return the call. We have none available..."

Australia: The Madness Continues

In Australia, according to judges, women and children must accept sexual assaults because it is part of the "Islamic culture" of their attackers. It would seem that in parts of Australia, this "Islamic culture" has replaced the rule of law.

PBOC Hires Blockchain Engineers Who Will Oversee Creation Of The "Digital RMB"

“The People’s Bank of China’s institute of printing science is offering six positions for the design and development of digital currency-related software and hardware framework, a recruitment notice said, adding that candidates with experience in blockchain and Big Data technologies will be preferred."...

Gartman Remains Bearish On Oil

"... we shall continue to view this as nothing more than a much needed, long  over-due technical correction in what is and shall continue to be a long term bear market."

Key Events In The Coming Holiday-Shortened Week: Payrolls, Fed Minutes, ISM, G-20

The key economic releases this week are ISM manufacturing on Monday, ISM non-manufacturing on Thursday, and the employment report on Friday. There are several scheduled speaking engagements by Fed officials this week, including a speech by Fed Vice Chair Fischer on Thursday. The minutes from the June FOMC meeting will be released on Wednesday.