Millionday News 7/12/14 Part 2
Welcome to dinarupdates.com for news time with Millionday!
[millionday] I want to make sure that everyone has seen this this is huge huge here we go
[millionday] Global markets are likely to receive fresh verbal policy signals in the week to 18 July with the chiefs of the European Central Bank (ECB), the Federal Reserve, Bank of Japan (BoJ), and the Bank of England (BoE) scheduled to speak at separate events.
The previous week was marked by easing in Iraq-related tensions, but fears of a banking crisis in Eurozone following a funding issue at Portugal's largest bank Banco Espirito Santo had weakened shares and strengthened safe haven assets
[millionday] note -- stabilizing rates
[millionday] The latest assurances by Espirito Santo have ebbed fears of an EU-wide banking crisis, helping the dollar stabilise against the yen. Crude oil prices have fallen and gold has stopped rallying by the end of the last week.
Global markets are now waiting for fresh interest rate cues from major central banks making the upcoming week a significant one.
The BoJ and the Reserve Bank of Australia (RBA) will provide the details of their latest rate setting meetings, the former in the form of a monetary policy statement and the latter as the minutes of the meeting.
[millionday] note -- there are many meetings to cover many announcements in all areas it appears
[millionday] ECB President Mario Draghi will speak on Monday 14 July at 17:00 GMT, and the next day, BoE's Mark Carney at 9:00 GMT, and Fed's Janet Yellen at 14:00 GMT. RBA's minutes and BoJ's statement are also due on Tuesday itself, and the BoJ chief Kuroda will address the press after the statement release.
From the G10 world, the Bank of Canada is the only central bank scheduled to convene for policy review this week. On 16 July, the BoC is expected to leave the main lending rate at 1%.
[millionday] note -- these are all central banks, federal reserve banks, and global economic leaders
[millionday] Rate decisions by South Africa, Brazil and Chile are also due in the week. South African Reserve Bank (SARB) has its main lending rate at 5.5%, Central Bank of Chile (BCCH) at 4%, and the Central Bank of Brazil has it at 11% currently. The US Fed's Bullard is also scheduled to speak this week, on Thursday at 17:35 GMT
[millionday] so there will be lots of huge announcements about interest rates and currency rates as well and monetary policies ect --
[millionday] the minutes of the meetings will be published according to these reports SMILE
[quicktolegit96] Iraq involved?
[millionday] this is what it said about it >>>The previous week was marked by easing in Iraq-related tensions, but fears of a banking crisis in Eurozone following a funding issue at Portugal's largest bank Banco Espirito Santo had weakened shares and strengthened safe haven assets.
[millionday] so i would say they will be due to the economic turmoil but of course we dont have all the info about the announcements or what they are
[millionday] something this huge will effect all countries in one way or another when it is applied to the monetary policies and such a huge amount of areas within the market
[millionday] but who knows right now
[angus] Is this normal? With all of this.... Does this happen once a year?
[millionday] angus do you mean the many meetings like this ? i do not remember in all these years this being normal in one week and at such a rush and need as they seem to be implying
[angus] yes and you answered it ty
[millionday] they meet yes but this seems to be a massive announcement concerning many
[millionday] yw all the time
[millionday] it should be very interesting -- brb with more
[millionday] just a note --- when the banks are waiting on such a huge interest rate change announcement from so many -- change is in the air to say the least brb with more
millionday] Warned of the Special Representative of the Secretary-General of the United Nations in Iraq, Nikolay Mladenov, Saturday, Iraq is sliding into chaos when the failure to form a government,
calling on all members of the House of Representatives to attend tomorrow's meeting and the selection of a speaker.
He Miladinov in a statement received "Alsumaria News", a copy of "failure to proceed with the election of a new speaker and a new head of state and a new government, will introduce the country to the risk of slipping into a state of chaos,"
adding that "such a failure will serve the interests of those who seek to divide the Iraqi people and destroy their chances to achieve peace and prosperity. "
[millionday] note -- peace and prosperity -- we sure do want them to have that
millionday] He explained that "if it is not reached serious solutions to current problems, must be on all political leaders shared responsibility in failing formulation of a sense of duty needed in a time of crisis,"
asserting that "the first step of the agreement between the political blocs on the main characters, the election of a new parliament through its meeting scheduled for tomorrow. "
The spokesman for the bloc united reform Dhafer al-Ani, earlier on Saturday, the candidate alliance Iraqi forces for the presidency of the parliament semi-ready, noting that the coalition will present its candidate after the minutes of the announcement of the National Alliance name of the candidate,
provided that it is Prime Minister Nuri al-Maliki, while He pointed out that in the event were selected al-Maliki, the alliance will go to the opposition.
[millionday] note -- so they are saying if they announce their name of candidate to be Maliki the alliance will go to the opposition -- wow huge statement
[millionday] here is the last part >>>>>>
[millionday] The MP for the Kurdistan Alliance Ardalan Nur al-Din Mahmoud, on Saturday, about two meetings to agree on the presence of deputies of Kurdish forces for a session to be held on Sunday,
as pointed out that the participation of deputies of the Kurds in the session depends on agreements to resolve the political candidates of the three presidencies.
The President of the Age of the House of Representatives Mehdi al-Hafez, on Friday (July 11, 2014), he has not received so far the names of the candidates of three alliances planned to vote for them,
while the President stressed the Iraqi National Alliance, Ibrahim al-Jaafari, the importance of finding the required cooperation between the three presidencies and harmony within each presidency to establish a new phase.
It is scheduled to convene the new parliament tomorrow, Sunday (July 13, 2014) its second meeting chaired by MP Mehdi al-Hafez
[millionday] so the meeting is to go forward -- great news tomorrow will show to be an interesting day
millionday] here we go -- Announced the National Alliance MP Ali inhibitor for holding the leaders of the National Alliance on Saturday evening a meeting he described as important to resolve the Alliance candidate for prime minister.
Was likely inhibitor told all of Iraq where there to be a surprise may result from the meeting which will be held the office of President of the Alliance Ibrahim al-Jaafari in resolving the candidate prime Minister through intensive consultations ongoing.
[millionday] note -- tonight the National alliance has been in meetings to name their choice of PM
[millionday] Added that the National Alliance in the event of failure to reach an agreement in naming the prime minister, he would call the Union of the national forces and the Kurdistan Alliance commitment Baltokiet and constitutional mechanisms in the election of the Speaker and his two deputies,
and then elect a president, who in turn assigned the largest parliamentary bloc, and of course is National Alliance coalition, which means that he will be deported to name a prime minister until after the election the two presidencies, noting that the National Alliance will submit a request to do so.
millionday] so they will even if they are unable to come up with an agreed upon name still elect the speaker and the deputies which will then be the election of the two gov leaders to have them in place and the national alliance would be expected to do that if they cant reach an agreement
[millionday] wow -- that is very strange to have an out like that --- what a weird way to put their gov in place in such a terrible time -- and fragile as well
[The Shoe] Does that being fragile concern you?
[millionday] and yes we did have a report that said they have received the names of all three so very confusing
[millionday] the country being fragile is not the position we would want them to be in when investors and new industries are needing to get in there and increase their financial abilities and growth timeline -- it doesnt concern me but i wish it was not like that right now
[The Shoe] Agree
[millionday] they seem to be hurrying things up for jobs and product changes and banking as well due to the condition
millionday] so half full and half empty kind of thing