The Traderszone Network

In the aftermath of the tragic suicide bomber attacks at Istanbul’s Ataturk Airport, Turkey’s biggest city now feels like a ghost town.

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Australian trade balance for May, -$2218mln
– expected deficit of 1700m, prior -1579m

Goods and services exports up 1% m/m and imports up 2% m/m (sa)
Says the Australia Bureau of Statistics:

Retails sales
– expected +0.3% prior was +0.1%, revised from +0.2%

The Australia Bureau of Statistics report:
– In seasonally adjusted terms, there were rises in food retailing (0.7 per cent), other retailing (1.4 per cent) and cafes, restaurants and takeaway food services (0.3 per cent).

Yen gains are continuing
There isn’t any new fresh news out
Prices elsewhere:

PBOC injects 40bn yuan via 7-day reverse repos
–
Weaker yuan set against the USD today from the People’s Bank of China
A look at the RMB index (the yuan against a basket of currencies):

Authored by Sue Chang via MarketWatch.com,

Andy Xie isn’t known for tepid opinions.

The provocative Xie, who was a top economist at the World Bank and Morgan Stanley, found notoriety a decade ago when he left the Wall Street bank after a controversial internal report went public. Today, he is among the loudest voices warning of an inevitable implosion in China, the world’s second-largest economy.

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