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Trump voices displeasure over Iran breaching uranium stockpile limit

  
Analysis, Politics
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More sanctions to follow?

US Iran

Trump tweets:

Iran was violating the 150 Billion Dollar (plus 1.8 Billion Dollar in CASH) Nuclear Deal with the United States, and others who paid NOTHING, long before I became President – and they have now breached their stockpile limit. Not good!

This comes after the International Atomic Energy Agency confirmed overnight that Iran has now exceeded its supposedly agreed stockpile limit of low-enriched uranium, which breaches one of the key points in the 2015 nuclear deal.
Even so, reports say that Iran is still a long way off from being able to produce a bomb but when you see Trump tweet something like this, it’s never too long before something happens again amid escalating tensions between the two countries.

Trump – Iran is playing with fire. China trade talks are already underway.

  
Analysis, Politics
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President Trump with some remarks crossing

  • Iran is playing with fire.
  • China trade talks are already underway over phone.
  • expects President Xi will move on some of the issues that are in dispute
(pro tip – Xi will not)
President Trump with some remarks crossing

Trump meets Kim Jong Un at Korea’s DMZ

  
Analysis, Politics
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Donald Trump became the first sitting U.S. president to enter North Korea when he stepped over the border to greet North Korean leader Kim Jong Un in the Demilitarized Zone between the two Koreas.

The two leaders met for the third time at the peace village of Panmunjom, the site of the demarcation line drawn as the Korean War ended in 1953. The two leaders first met in Singapore in June last year.

“I never expected to meet you at this place,” Kim told Trump, moments after the U.S. president stepped over the border. The pair then went over to the South side, where they briefly chatted and spoke to the media before greeting South Korean President Moon Jae-in.

“Stepping over that line was a great honor,” Trump said. “A lot of really positive things are happening,” stressing that he liked Kim from the first time they met.

“I’m sure our special relations will lead to good results,” Kim said. “I’m sure our good relations have a mysterious power that can overcome difficulties.”

Trump and Kim then entered closed door talks without Moon in the House of Freedom on the South side of the DMZ. (more…)

Heads up – Trump – Abe meeting underway

  
Analysis, Politics
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A bilateral meeting between US president trump and Japan’s PM Abe Shinzo

  • At the G20
  • In Osaka
Its begun – expect some comments to follow.
Yesterday we heard there are no discussions taking place on the Japan-US defense agreement. Trump has had problems with the yen though, I wonder if that’ll come up?
A bilateral meeting between US president trump and Japan's PM Abe Shinzo

The chaps at China’s Global Times say US growth claims are fake news

  
Analysis, Politics
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if these guys are setting the tone for the talks between Xi and Trump … well Monday early markets could be very interesting indeed!

Global Times (never shy about a bit or US prodding):
  • The claims that US growth will accelerate are false. 
  • Instead growth in 2019 will fall. 
  • And growth in 2020 will be even lower than in 2019 – a serious issue for Trump as 2020 is an election year
They add in the pic:
If these guys are setting the tone for the talks between Xi and Trump … well Monday early markets could be very interesting indeed! 

WSJ reports that ‘Iran Threatens to Pull Out of Nuclear Treaty, Like North Korea’

  
Analysis, Politics
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A piece in the Wall Street Journal on the threats from Iran (in case you missed them) that it will potentially follow the path of North Korea

  • Iran warned that if the 2015 nuclear agreement unravels, it make like NK and depart the Nuclear Non-Proliferation Treaty
Says the Journal – “threat, voiced by an Iranian official to reporters”
Link here for more (WSJ is gated)
Middle East tensions continue to simmer away.
A piece in the Wall Street Journal on the threats from Iran (in case you missed them) that it will potentially follow the path of North Korea Takes notes! CC in Iran!

HK press report the US and China have reached a tentative truce in the trade war

  
Analysis, Politics

South China Morning Post  says even before the G20 has started and Before Trump and Xi have met a truce has been pencilled in

  • Fresh tariffs expected to be delayed
  • with two sides preparing separate statements
Source says Donald Trump’s decision to delay additional tariffs was Xi Jinping’s price for holding this week’s meeting with him
  • Details of the agreement are being laid out
South China Morning Post  says even before the G20 has started and Before Trump and Xi have met a truce has been pencilled in
AUD is ticking a little higher n this development, or it has I should say. Up about 10 points give or take on the session.

New British PM will be announced on 23 July

  
Analysis, Politics

As confirmed by the Conservative party HQ

Hunt Johnson

Boris Johnson remains odds-on to win the battle against Jeremy Hunt but it’s never over until the fat lady sings, especially in politics. But either way, both of them have made clear that there will be a decision on Brexit by 31 October – or at least that’s what they claim now – so expect markets to focus on that the minute that the race is over and done with.
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