#Sentiment: Deteriorated quickly following the Malaysian plan that was shot down by possibly pro Russian separatists. Israel invasion on Gaza has began while the White House went on lock down for a while leading to a push higher safety linked assets. #VIX: Jumped in excess of 40% following lows just under the 11 area seen earlier in the day. Index closed at 14.54, highest level in some time. #European banks: Could drop Russian companies completely as risks of dealing with #Russia is too great. #RBS: Winding down debt filled unit in order to return to profitability. #Fed Bullard: Fed may have to hike rates more quickly as unemployment drops and inflation increases. #World Bank: To provide Vietnam with $3.8B in concessional funds over the next 3 years. #FX Majors: A jump in Dollar overnight quickly reversed this morning as markets remain tense. #AUD spiking higher towards 0.9400 while the Euro holds steady in the low 1.3500s. #Yen Crosses: Mildly lower on renewed Yen demand with Euro Yen dipping below the 137 area. #Metals: Higher on risk aversion following Golds move above the 1320 resistance area. Silver back up near 21.00. #Energies: Much higher as Oil spikes in excess of $3 following round of geopolitical tension. #Equities: Mildly lower while European equities taking a decent hit this morning as Dax futures trade sub 9700. Dow futures hover around 16900. #EU Open: EU Stoxx -0.30%, #FTSE -0.14%. #Asia Close: #Nikkei -1.01%, ASX +0.17%.
Posted on: Fri, 18 Jul 2014 07:26:54 +0000
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