US House GOP Whip McCarthy: No House Debt Vote Thursday Night
–House Majority Whip Confirms No House Vote Until Friday At Soonest –House Republicans Are Still Scrambling For 216 Votes –House Minority Whip Hoyer: ‘Very Nervous’ Markets To Plunge –Rep. Hoyer: ‘Every Democrat’ Poised To Vote Against Boehner Plan –Rep. Reid: But Most House Dems Would Vote For ‘Bipartisan’ Debt Bill By John Shaw WASHINGTON (MNI) …
US Pending Home Sales (Jun) M/M 2.4% vs. Exp. -2.0% (Prev. 8.2%)
US Pending Home Sales (Jun) Y/Y 17.3% vs. Exp. 14.7% (Prev. 15.5%) Source: RTRS
Treasury to brief after market closes Friday on payment priorities
Plan B is being fleshed out by the Treasury Department in case no deal emerges in the Congress to raise the debt limit. They will lay-out a the priority of payments given the cash on hand. Expect interest payments, Social Security and Medicare as well as military salaries to take the highest priority positions. That …
US House of Representatives tentatively scheduled to vote on Boehner debt bill between 5.45-6.15 PM EDT (21.45 GMT – 2215 GMT)
..according to congressional aide Source: RTRS
House vote expected around 6 PM EDT, 22:00 GMT
Looks like a very close vote, so it could easily be delayed as arms are twisted. The later they go, the closer the vote will likely be. If the leadership has the votes, they will rush the bill to the floor. If they don’t the vote will be delayed or canceled all together. Looks like …
Portugal’s Banks, Hit By Crisis, Plan Tighter Loan Standards
LISBON (MNI) – Portugal’s banks, particularly hard hit by the Eurozone debt crisis and an austerity plan initiated earlier this year, expect to continue tightening their lending standards in the third quarter for both business and households, the Bank of Portugal reported Thursday. In a report on its national bank lending survey, which was encompassed …
US Continuing Claims (Jul 16) W/W 3703K vs. Exp. 3700K (Prev. 3698K, Rev. to 3720K)
US Initial Jobless Claims (Jul 23) W/W 398K vs. Exp. 415K (Prev. 418K, Rev. to 422K)
HSBC notes that USD/JPY may decline to 70.00 level
HSBC underlines that yen has added only 4.5% this year and is likely to start catching up better performing G10 currencies. According to the analysts, the pair USD/JPY may fall to 72.00 and probably to 70.00. Source: www.fbs.com
RUMOUR..!!
Market talk of custodial names on the bid in EUR/CHF; trades 1.1447 (-70pips) last
