Reuters

Frontrunning: June 7

  • Soothing Fed sounds send stocks to five-week high (Reuters)
  • Clinton reaches magic number in fight for Democratic nomination (Reuters)
  • Euro-Area Economy Grows Faster as Consumption Gathers Pace (BBG)
  • Trump unyielding on Hispanic judge uproar (Reuters)
  • European Firms Find ‘Increasingly Hostile’ Environment in China (WSJ)
  • China tells U.S. to play constructive South China Sea role (Reuters)

Ukraine Announces The Arrest Of A French Man Planning Euro 2016 Attack

According to the Ukrainian security service (SBU), a man was arrested last month who planned multiple attacks in France during the Euro 2016 tournament (set to kickoff on Friday). "We did a big job, had a large team of security agents work on it. The bulk of the credit goes to the military counter-intelligence unit of the SBU." said Vasily Gitsak, the agency's head. Gritsak said the SBU suspected a "Russian connection" in the alleged terrorist plot, but would not go into details.

Obama Slams Door In Putin's Face, Refuses To Discuss "Very Dangerous" Missile Defense System

US war doctrine has been changed. US nuclear weapons are no longer restricted to a retaliatory force, but have been elevated to the role of preemptive nuclear attack... The United States has refused Russian offers to discuss Washington’s missile defence programme, Russian Deputy Defence Minister Anatoly Antonov was quoted as saying on Sunday, calling the initiative ‘very dangerous’.

Iran Oil Exports Soar As Offshore Tanker Armada Comes To Tehran's Rescue

More than 25 European and Asian-owned supertankers are shipping Iranian oil, data seen by Reuters shows, allowing Tehran to ramp up exports much faster than analysts had expected following the lifting of sanctions in January. Iran was struggling as recently as April to find partners to ship its oil, but after an agreement on a temporary insurance fix more than a third of Iran's crude shipments are now being handled by foreign vessels.

Venezuelan Woman Shot In The Face After 500 Looters Storm Food Warehouse

A Venezuelan woman died on Monday after being shot in the face when looters raided state food warehouses in the latest unrest in Venezuela. When security forces chased some of the crowd after they broke in, "they jumped down a bank to protect themselves, and a policeman who was pursuing them shot her. They shot her in the face."

Pine River Shuttering $1.6 Billion Fixed Income Fund

Following a brief surge of hedge fund closure announcements in late 2015 and early 2016, there had been a lull in hedge fund shutterings in recent months, as the smart money community had benefited from the dramatic jump in the S&P500 to just shy of all time highs. That changed moments ago when Reuters reported that hedge fund Pine River Capital Management is closing its Pine River Fixed Income fund and returning roughly $1.6 billion in assets to investors just two months after Steve Kuhn, one of the fund's co-managers, left the firm.

Does Iran Have The Upper Hand In OPEC Oil War

The fight between the two for supremacy in the Middle East region is unlikely to end anytime soon. Currently, supply outages to the tune of 3.5 million b/d are supporting the oil prices by creating a balance between demand and supply. Once Nigeria, Libya, and Canada resume pumping at their normal levels, the effects of the struggle between Iran and Saudi Arabia will be felt. If both increase production, the world will be awash with oil, pulling prices back to the mid $30/barrel levels.

Frontrunning: June 6

  • Yellen faces fine balance on Fed rate hike after job growth tumbles (Reuters)
  • Oil Advances as Abu Dhabi Sees $60 Crude on Shrinking Surplus (BBG)
  • China to submit 'negative list' for U.S. investment treaty talks next week (Reuters)
  • Buoyed by attacks on Trump, Clinton heads into pivotal week (Reuters)
  • Clinton's IT aide keeps email server shrouded in mystery (The Hill)

US Says China Is Building A "Great Wall Of Self-Isolation"

"The United States welcomes the emergence of a peaceful, stable, and prosperous China that plays a responsible role in the principled security network..." But, US Defense secretary Ash Carter exclaims, don't forget “The United States will remain the most powerful military and main underwriter of security in the region for decades to come, and there should be no doubt about that.”