The Traderszone Network

The U.S.-led coalition said it had, for the first time, downed a Syrian plane Sunday after the plane attacked U.S.-backed forces fighting Islamic State in northern Syria, in yet another confrontation between the two sides which until recently had avoided any contact on the complicated Syrian battlefield.
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Not generally much of a GBP mover, posting for background info
 -0.4% m/m (first fall since 2009)
– prior +1.2%
+1.8 % y/y
– expected +2.8%, prior +3.0%
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Authored by Charles Hugh Smith via OfTwoMinds blog,

The “fixes” to the stagnation of postwar Capitalism in the 1970s were financialization, globalism, and the sustained expansion of debt–all have run out of steam.

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Should Energy Transfer’s checkered environmental record be of concern to shareholders?

Via Bloomberg, a piece in the Shanghai Securities News citing China Securities Regulatory Commission (CSRC) vice chair Fang Xnihai
– Saying the regulator will look at removing restrictions on banks, pension funds and insurance companies trading in the futures market
Do we have any translators around? This would be helpful for Chinese banks, pension funds and insurance companies looking to get a head start in futures:

Business NZ Performance of Services Index 
A bigly jump for the PSI to 58.8
– The April result revised higher, from 52.8 to 53.2

BusinessNZ chief executive Kirk Hope:

French voters gave President Emmanuel Macron’s party an outright majority in parliament, Reuters reported on Sunday.