The Traderszone Network

Starbucks Corporation’s larger segments, such as China/Asia Pacific, tend to hoard shareholders’ attention. But the company is quietly building a monster profit base in its “Channel Development” segment.

Earlier on Reuters – comments from China’s commerce ministry
Spokesman Shen Danyang (citing a survey of exporters in 20 Chinese provinces)
– China’s exporters say an unstable yuan exchange rate, rising costs and financial difficulties remain their main problems

OK, a bit of a simplification, but that’s the gist of it
Fitch: Conduct Risk a Growing Threat for Australian Banks
– Recent revelations about alleged conduct issues at a number of Australian banks  … Fines, class-action law suits, increased regulatory oversight and remedial action are all possible outcomes
More at that link, above

Via Reuters 
– FX market moves one-sided
– Excessive fx moves have bad impact
– Says closely monitoring forex moves
– Says will take appropriate steps as needed

Suga adding nothing new with these comments

Goldman Sachs Macro Markets Strategy (Robin Brooks, Silvia Ardagna and Michael Cahill) comments:
t. The narrative goes that market turmoil in Q1, in part because of anxiety over RMB devaluation, caused markets to scale back their expectations for rate hikes, which helped insulate the US economy from adverse repercussions.

Two traders from the United Arab Emirates have been fined (each) more than $1.3m to settle charges that they spoofed New York gold and and silver futures markets

With the additions same-day delivery is now available to 27 metro areas in the U.S.
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