US stock future indexes are fractionally higher (SPY +0.2%) ahead of Fed's Chair Ms. Yellen's comments on the economy and Britain's vote on its European Union membership on Thursday. Crude prices are falling this morning after a strong two-day rally in part by the Brexit concerns.
Here is the current market situation from CNN Money
European markets are mixed today. The CAC 40 is up 0.70% while the DAX gains 0.38%. The FTSE 100 is off 0.12%.
(Reuters) - U.S. companies which depend on the United Kingdom for sales are downplaying the risk that a vote by Britain to leave the European Union could seriously harm their businesses, even as economists and Wall Street have expressed concerns about the trans-Atlantic economic impact.
WASHINGTON/SAN FRANCISCO (Reuters) - The U.S. Federal Reserve's dwindling confidence in its own outlook and resulting confusion among investors are creating a policy problem that may require chief Janet Yellen to lay out her own views more forcefully.
LONDON (Reuters) - Oil prices fell on Tuesday after a strong two-day rally abated amid volatility fed in part by a vote later this week in Britain that will determine whether the country will leave the European Union.
BEIJING (Reuters) - A Shanghai company denied a report that its controlling shareholder signed a non-binding agreement with Tesla Motors Inc to build a factory in Shanghai, according to the firm's exchange filings.
(Reuters) - United Continental Holdings Inc will generate billions more dollars per year from programs including no-frills fares and expects a key revenue measure to fall less steeply in the second quarter than previously forecast, the airline said on Tuesday.
SEOUL (Reuters) - South Korean car maker Hyundai Motor Co said on Tuesday General Electric seeks to sell out of its 20 percent stake in their joint venture, unlisted lender Hyundai Capital, to a third party.
BEIJING/TOKYO/HELSINKI (Reuters) - China's biggest gaming group Tencent Holdings Ltd is to buy a majority stake in Finland's Supercell, which makes the 'Clash of the Clans' mobile game, from SoftBank Group Corp , in a deal valued at roughly $8.6 billion.
LONDON (Reuters) - Law firm Quinn Emanuel has filed one of two lawsuits in Germany against Volkswagen for institutional funds in claims that could run into billions of euros over the carmaker's emissions test cheating scandal, litigation funder Bentham Europe said on Tuesday.
Following the mixed picture from last night's polls (YouGov "Leave" +2, ORB "Remain" +7), Soros scaremongery, and Schaeuble seriousness this morning, "UK exit would be 'very' negative for Germany," bookies' odds hover around 75-80% and Cable continues to push higher (to 6-month highs) as if the Brexit vote was a done deal. However, the Survation polls showed a rise from 42% on 6/18 to 44% today for "Leave" and Sterling is starting to slide...
Before the poll hit, Germany was in full fear mode:
*SCHAEUBLE SAYS `EUROPE ISN'T IN GOOD SHAPE'
*SCHAEUBLE SAYS EU CAN'T GO ON AS BEFORE IF U.K. REMAINS
*SCHAEUBLE SAYS U.K. EXIT WOULD BE `VERY' NEGATIVE FOR GERMANY
*SCHAEUBLE SAYS U.K. MARKET VERY IMPORTANT FOR GERMANY
Which makes us wonder, if UK Brexits, will Germany bit off its UK-Trade-deal face to spite its own nose?
Survation's last poll (on 6/18) was as follows:
*U.K. SURVATION POLL ON EU SHOWS REMAIN 45%, LEAVE 42%: PA
And today's new post-Cox poll:
*U.K. POLL ON EU SHOWS REMAIN 45%, LEAVE 44%: IG/SURVATION
Which has sent Cable leaking lower...
As "Leave" gains post-Cox.
As JPMorgan notes, given that the actual referendum isn't until Thurs night and the existing (albeit diminished and ...
The entire Los Angeles metropolitan area and most of Southern California can expect blackouts this summer.
The power grid is under direct threat as a result of the unprecedented, but little reported, massive natural gas leaks at Alisco Canyon that was ongoing for four months as an intense summer heat wave sets in.
According to Reuters:
California will have its first test of plans to keep the lights on this summer...
With record-setting heat and air conditioning demand expected in Southern California, the state's power grid operator issued a so-called "flex alert," urging consumers to conserve energy to help prevent rotating power outages - which could occur regardless.
Electricity demand is expected to rise during the unseasonable heatwave on Monday and Tuesday, with forecast system-wide use expected to top 45,000 megawatts, said the California Independent ...
In another sign of rising troubles for Donald Trump's presidential campaign, on the same day that he fired his campaign manager, Corey Lewandowki, a report filed with the Federal Election Commission showed that Trump finished May with a "troublingly low" $1.3 million in the bank. Trump raised just $3.1 million for his campaign during the month that began with Republican National Committee Chairman Reince Priebus declaring Trump the presumptive nominee of the Republican Party. Confirming the sway that Hillary Clinton holds with donors, during the same month the presumptive Democratic Party nominee raised $26.4 million and finished May with $42.5 million cash on hand.
More troubling is that Trump's cash balances would be in the red had it not been for another $2.2 million personal loan by Trump, which brings the total campaign loans by the billionaire to $46 million so far. Somewhat mitigating the troubled financial picture, this validates Trump's recurring statement that he does not wish to sell out to outside donors. He may not have the option.
After largely self-financing the primary election, Trump said last month that he would begin actively soliciting money for the general election. He appointed a national finance chairman - headed by a former Goldman and Soros financier - and finalized a joint fundraising vehicle with the Republican National Committee. But his haul that month suggests his campaign was unable to turn his clinching of the party's nomination into any fundraising boost.
One does wonder how much personal pain Trump can sustain. Clinton has raised $238.2 million over the entire campaign - nearly quadruple Trump's largely self-funded $64.6 million.
According to The Hill, Trump and his top lieutenants have been publicly projecting confidence, and insisting they don't need ...
The City of London and the pound would both benefit from the U.K. leaving the EU, says billionaire Peter Hargreaves. Brexit may knock the pound initially, but it would rebound, the co-founder of Hargreaves Lansdown — the largest U.K. retail broker, with more than $84.1 billion equivalent in assets — told Bloomberg Briefs' Geoff King in a June 17 interview.
Q: Why do you support "Leave"?
A: Every year in the EU it gets more political, it gets more legislative, more regulative; we don't seem to get very much benefit from it. We will be far better out. The EU as an economic mark is declining in the world, when there were only nine countries in it was 30 percent of the world's GDP, now there are 28 it is only 17 percent. That's some serious decline. Other countries that are growing — India, parts of Africa, Brazil, China and even Russia — are the places we should be trading with.
Q: How do you counter strong economist/analyst support to remain?
A: There's a huge amount of vested interest, a lot people making these comments are politically motivated and also work for big banks that aren't British. They've built these enormous dealing rooms and offices in the City of London and Canary Wharf and their bosses are saying we don't want to endanger this huge investment of ours. I don't think it will endanger that huge investment. You can't move the City of London to anywhere else in Europe. It ...
The SEC's Office of Investor Education and Advocacy is issuing this Investor Bulletin to help inform investors about key information in a prospectus. You should note, however, that a prospectus contains additional information that may assist investors in making an investment decision.
Research shows that regardless of the types of commodities exported, commodities prices play a significant role in the growth of emerging economies. However, one common thread among these economies is the growth of China.
Gold futures headed sharply lower Tuesday, heading for a third straight decline as the metal's short-term, haven appeal faded after new polls showed fewer people favoring Britain's secession from the European Union.
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