The International Currency Exchange (ICE) said that it had run out of Turkish lira on Tuesday, after a surge in demand as an unprecedented number of Britons travel to Turkey to make the most of the weak Lira.
After The Bank of Japan sparked a short-term meltdown in global bond markets earlier in the week when it shifted its curve control policy, Nikkei is reporting that Bank of Japan will discuss allocation change in next policy meeting. USDJPY and NKY Futs are down...
"We have observed a significant increase in violent incidents and anchorage crime, particularly in the anchorages of Venezuela and the recent violent incidents off Suriname in the first part of this year."
Following yesterday's rate spike-driven market rout, S&P futures have steadied alongside European stocks as global markets stabilized thanks to an easing in the bond selloff, leading to speculation that the worst may be over.
Global stocks stumbled on Monday ahead of an avalanche of earnings in this season's busiest reporting week but the big story overnight was the spike in 10Y Yield which climbed as high as 2.9957%, the highest level since January 2014.
"As the Facebook fracas unfolds, the agenda-setting members of the press have been inclined to frame Cambridge Analytica as an isolated incident. This belies the fact that mass surveillance is a fundamental aspect of social media's business model, and that social media users cannot have their cake and eat it too, despite what tech CEOs might claim..."