Total Financial News, Stocks, Bonds, Foreign Markets..

zerohedge @zerohedge · 35 seg

Wells Fargo total loans up $3BN in Q2, Total deposits up $24BN

zerohedge @zerohedge · 1 min

Oops: Wells Fargo total loans increase by only $2.5 billion in Q2, lowest in over a year.


zerohedge @zerohedge · 1 min

Wells Held-to-Maturity securities +$12.4BN to $30.1Bn, Wells Available for Sale securities down $3.7BN to $249BN

RT @RT_com · 18 seg

INFOGRAPHIC: #BRICS countries near development bank deal to rival IMF, WB [link to on.rt.com] pic.twitter.com/P94BLXQEKJ

Portugal’s banking woes are just a ‘glimpse’ of future credit market troubles Alright, everyone: Look around you and make sure your buddies are all right. Everybody safe? Good — We have survived the first European banking troubles of the year.

While some tremors are reverberating Friday morning, the global implications of what happened in Portugal are largely fading. Most market strategists seem to believe at this point that any issues with the conglomerate that owns Portugal’s biggest bank, Banco Espírito Santo, will remain contained.
In the U.S., stocks are in the green and Portuguese equities, as measured by the benchmark PSI 20 PT:PSI20 +1.83% , are recovering.

That may provide a sigh of relief for investors, who can get back to the business of pondering this low-volume and low-volatility market. But here’s a lesson, courtesy of Deutsche Bank strategists, led by Jim Reid and Anthony Ip: The Portuguese events gave a small preview of what could happen when the credit market turns:


“Whatever one feels about financials and the wider financial system, credit markets did arguably get a small glimpse of what things will be like when this cycle does actually end as the structurally impaired liquidity that exists in credit caused a small amount of panic yesterday morning before markets recovered in the European afternoon session. Liquidity is really poor in credit these days which doesn’t matter when markets are in buy only mode as they have been for many quarters now, but it does matter on the days when you get a negative story. So when the big story/event comes credit could be in a fair bit of trouble but I suspect this isn’t it.”

In other words: investors have been piling into the corporate bond markets for years as they search for higher yields in a low-rate environment. Meanwhile, it’s become tougher to trade those bonds because investment banks are reducing their capacity to intermediate between buyers and sellers of debt. That means negative events (like Portuguese banking troubles) that might cause investors to flee the riskier parts of the fixed-income markets can turn a small sell-off into a large one. That’s caused some market participants to warn that the credit markets are getting overheated and there’s a looming fear that one large event could trigger the reversal.
... [link to blogs.marketwatch.com]

zerohedge @zerohedge · 26 seg

BofA lowers Q2 tracking GDP from 3.5% to 3.2% on yesterday's wholesale inventories miss

zerohedge @zerohedge · 1 min

First US distressed housing bubble bursts, now Spain's? Soros Withdraws From Catalunya Banc Loans Bidding: Expansion

zerohedge @zerohedge · 1 min

JPM: "the rising trend in UST repo fails since QE3 started in Sep 2012 suggests that the issue of UST collateral shortage remains"

zerohedge @zerohedge · 46 seg

JPM: "we believe the Fed’s reverse repo facility does little to alleviate the UST scarcity induced by the Federal Reserves’ QE programs"

ConflictReporter @MiddleEast_BRK · 4 s
#BREAKINGNEWS UKRAINES ENTIRE ARMY WAS PUT ON COMBAT ALERT STATE 1, EXPECTING A RUSSIAN INVASION AT ANY TIME.


The Markets will not matter if Russia does Invade you'll

most likely see a %25-%40 drop in all of them.

Luis and 4thhorseman, thank you for the updates

Thread: BREAKING - GERMAN CHANCELLOR MERKEL CONSIDERS TO RESIGN, SPIEGEL SAYS!!!

Thread: BRICS leaders will sign a framework agreement to establish a pool of reserve currencies at the upcoming summit July 15-16


.

Russian Market ‏@russian_market · 11s
Gold is about to crash in 3..2..1.

zerohedge ‏@zerohedge · 1m
USDJPY is now a gold pair trade

Business Insider @businessinsider · 17 seg

GOLD IS GETTING CRUSHED [link to read.bi]

zerohedge @zerohedge · 54 seg

IMF cuts Eurozone GDP forecast from 1.2% to 1.1%

zerohedge @zerohedge · 33 seg

IMF: "Over the medium term, the euro-area economy faces a risk of stagnation." Proposes QE, which would make stagnation even worse

Eddie Morra_ZH @convert_trader · 23 min

FITCH: ESPIRITO SANTO FALLOUT RISK REMAINS, CONTAINED FOR NOW
So was subprime.

zerohedge @zerohedge · 38 min

With two weeks to go, rumblings starting: Argentine Black Market Peso falls 0.8% to 12/USD: Ambito

zerohedge @zerohedge · agora

Espirito Santo Financial Sold 4.99% of BES at EU0.34 Per Share:BBG. Doesn't fully cover the Nomura €100mm margin loan

Gregor Peter @L0gg0l · 57 seg

Booom RT @fxmacro: *DRAGHI SAYS ECB WOULDN'T RAISE RATES IF BUBBLES EMERGE

zerohedge ‏@zerohedge · 1m
Puerto Rico Utility May Default on January Interest Payment [link to www.bloomberg.com] …