Europe

Instead of instituting a widespread laptop ban on every US-inbound flight, the Trump administration will require nearly 200 airlines (and implicitly almost 300 airports) around the world to meet new heightened security protocols, or be barred from entry.

As The Hill reports, the U.S. is rolling out new aviation security measures for all international flights coming into the country instead of imposing a laptop ban, the Department of Homeland Security (DHS) announced Wednesday.

More crappy data and every central banker in the world turning hawkish... BTFD you idiots!!

As we noted earlier... there's only one thing standing...

By Bill Blain of Mint Partners, Blain’s Morning Porridge – June 28th 2017

Uncertainty, confusion, a Tech-sell off.. but are things as bad as they seem?

“Now I got mortgages and homes, I got stiffness in my bones, ain’t no beauty queens in this locality…”

As we reach towards month end and the half-year, markets do not feel like they are in particularly solid territory. Lots of uncertainty out there. Relax. Never as bad as you think, but it helps to understand what is really going on. Noise, and lots of it.  

U.S. index futures point to a slightly higher open, as markets in both Europe and Asian fall.The EUR surges to one year highs as markets continue to reverberate from Draghi's hawkish comments while yields rose around the globe following similar hawkish comments from Fed speakers on Tuesday.