Top Headlines

Give Us EU Visa Freedom in October or Abandon Migrant Deal, Turkey Says – Reuters

The European Union should grant Turks visa-free travel in October or the migrant deal that involves Turkey stemming the flow of illegal migrants to the bloc should put be put aside, Foreign Minister Mevlut Cavusoglu told a German newspaper.

Here Comes the Brexit-Era British Economy in Hard Numbers – Bloomberg

Weaker demand, slower growth, faster inflation — that’s the U.K. economy that the Bank of England sees in its crystal ball after the nation voted for Brexit. Now the first hard numbers are on the way.

The Bank of Japan’s Unstoppable Rise to Shareholder No. 1 – Bloomberg

The Bank of Japan’s controversial march to the top of shareholder rankings in the world’s third-largest equity market is picking up pace.

Democrats Brace for More Leaks From Hackers – WSJ (subscription)

Two websites created in recent months and whose operators are believed to have ties to the Russian government now serve as portals for leaking sensitive and at times embarrassing information about the Democratic Party and its supporters.

In Bangladesh Cyberheist, Strange Requests, Odd Misspellings and Little Scrutiny by Fed – WSJ (subscription)

One order seeking money from Bangladesh’s account at the Federal Reserve Bank of New York wanted $20 million for vaguely defined consulting fees. A second sought $30 million for “ineligible expenses.”

Regulatory News

Ktorza Wins Unfair Dismissal Case – Profit & Loss

JP Morgan has become the latest bank on the wrong end of an unfair dismissal claim from its currency teams with Patrice Ktorza, a former FX salesperson at the bank, reportedly winning his claim.

How New U.S. Money-Market Rules Could Push Down China’s Yuan – WSJ (subscription)

China’s currency, the yuan, has declined in value this year, and now imminent changes to the way the U.S. regulates money-market funds are adding to the downward pressure.

Company News

TraderTools Adds “Native” Ruble Pricing – Profit & Loss

TraderTools has announced that additional native Ruble liquidity is now available on its Unique Liquidity Network.

Nasdaq Tries to Appeal to Investors Lured by New Rival IEX – WSJ (subscription)

In the latest sign that American stock exchanges are inching away from a decadelong arms race toward ever greater speed, Nasdaq Inc. plans a new option for investors who complain they can’t keep up with rapid-fire trading.

William Hill Rejects Increased Offer From Suitors 888, Rank – Bloomberg

William Hill Plc rejected an increased 3.1 billion-pound ($4 billion) offer from 888 Holdings Plc and Rank Group Plc as the suitors raise the stakes in their effort to combine with the U.K.’s biggest bookmaker.

Market Savvy  

Dollar Falls on Weak U.S. Retail-Sales Data – WSJ (subscription)

The dollar fell against its peers Friday after weak U.S. retail-sales data added to concerns about the outlook for the American economy.

Stocks Hold Near One-Year High as Crude Rallies; Yen Strengthens – Bloomberg

Global stocks held near a one-year high as rising oil prices bolstered investor sentiment following disappointing data in the world’s three largest economies.

Bank of Japan Money Target Up for Debate in Policy Review: Sources – Reuters

The Bank of Japan’s policy review could put up for debate its target for expanding base money through massive asset purchases, sources say, but the challenge would be to avoid spooking bond markets used to years of unprecedented buying.

European Stocks Climb as Germany’s DAX Turns Positive for Year – Bloomberg

European shares advanced, with gains in automakers including Volkswagen AG helping Germany’s benchmark DAX Index turn positive for the year for the first time.

U.K. Stocks Little Changed While Small-Cap Shares Extend Record – Bloomberg

British equities traded at their highest levels since June of last year, in green territory for an eighth day, while a gauge of smaller companies extended a record high.

China Shares Hit Seven-Month High; World Yields Keep Falling – Reuters

World shares set up camp at one-year peaks on Monday as a rally in Chinese stocks helped offset news that Japan’s economic growth had ground to a halt last quarter, while oil prices extended their latest rally.

All or Nothing in China Bond Recoveries as Bankruptcy Murky – Bloomberg

When it comes to defaulted bonds in China, there has been either full repayment or delays and diversions.

Pokémon Go Illustrates a Currency Problem – WSJ (subscription)

For Nintendo Co., “Pokémon Go” these days looks a lot less lucrative in Mexico.