2013.07.25 14:59:07 DEUTSCHE BANK: WE THINK WE'LL SEE 75 BASIS POINTS OF TIGHTENING BY THE RBNZ NEXT YEAR BEGINNING AROUND MARCH AND THERE'S NOTHING IN THIS STATEMENT TO MAKE ME CHANGE THAT VIEW

DEUTSCHE BANK: WE THINK WE'LL SEE 75 BASIS POINTS OF TIGHTENING BY THE RBNZ NEXT YEAR BEGINNING AROUND MARCH AND THERE'S NOTHING IN THIS STATEMENT TO MAKE ME CHANGE THAT VIEW

2013.07.25 14:04:07 RUSSIAN C.BANK GOLD/FOREX RESERVES $505.7 BLN IN LATEST WEEK VS $506.0 BLN IN PVS WEEK

RUSSIAN C.BANK GOLD/FOREX RESERVES $505.7 BLN IN LATEST WEEK VS $506.0 BLN IN PVS WEEK

2013.07.25 13:51:07 INDIA CBANK RECEIVES 88 BIDS FOR 123.49 BLN RUPEES AT 56-DAY CASH MANAGEMENT BILLS AUCTION

INDIA CBANK RECEIVES 88 BIDS FOR 123.49 BLN RUPEES AT 56-DAY CASH MANAGEMENT BILLS AUCTION

2013.07.25 11:32:07 STERLING FALLS AFTER IN-LINE UK GDP DATA

STERLING FALLS AFTER IN-LINE UK GDP DATA

2013.07.25 07:40:07 AUD/NZD- RBNZ STATEMENT NO SHOCK BUT MAINTAINED HAWKISH BIAS, BEARISH OUTSIDE DAY KEEPS DOWNTREND IN PLAY - 5, 10 & 20 DMA'S TREND SOUTH

AUD/NZD- RBNZ STATEMENT NO SHOCK BUT MAINTAINED HAWKISH BIAS, BEARISH OUTSIDE DAY KEEPS DOWNTREND IN PLAY - 5, 10 & 20 DMA'S TREND SOUTH

2013.07.25 02:01:04 S.KOREA Q2 PRIVATE CONSUMPTION S/ADJ +0.6 PCT Q/Q VS -0.4 PCT IN Q1 -C.BANK ESTIMATE

S.KOREA Q2 PRIVATE CONSUMPTION S/ADJ +0.6 PCT Q/Q VS -0.4 PCT IN Q1 -C.BANK ESTIMATE

2013.07.24 23:01:02 DOW JONES UNOFFICIALLY CLOSES DOWN 26.00 POINTS, OR 0.17 PERCENT, AT 15,541.74

DOW JONES UNOFFICIALLY CLOSES DOWN 26.00 POINTS, OR 0.17 PERCENT, AT 15,541.74

2013.07.25 01:56:04 BOJ: c/a balance at 83.2 trln at end of day

BOJ: c/a balance at 83.2 trln at end of day

2013.07.24 19:00:59 FRENCH JOBLESS TOTAL RISES TO NEW RECORD IN JUNE, UP 0.5 PCT M/M TO 3,279,400 - LABOUR MINISTRY

FRENCH JOBLESS TOTAL RISES TO NEW RECORD IN JUNE, UP 0.5 PCT M/M TO 3,279,400 - LABOUR MINISTRY

2013.07.24 19:16:59 BRAZIL'S REAL BRBY WEAKENS 1 PCT AGAINST U.S. DOLLAR IN SPOT

BRAZIL'S REAL BRBY WEAKENS 1 PCT AGAINST U.S. DOLLAR IN SPOT

2013.07.24 17:35:59 U.S. GASOLINE FUTURES RISE AFTER EIA DATA SHOWS UNEXPECTED DRAWDOWN IN SUPPLY

U.S. GASOLINE FUTURES RISE AFTER EIA DATA SHOWS UNEXPECTED DRAWDOWN IN SUPPLY

2013.07.24 16:31:59 NASDAQ UP 25.60 POINTS, OR 0.72 PERCENT, AT 3,604.87 AFTER MARKET OPEN

NASDAQ UP 25.60 POINTS, OR 0.72 PERCENT, AT 3,604.87 AFTER MARKET OPEN

2013.07.24 14:52:59 SPREADS SUGGEST USD/JPY IS SET TO HEAD NORTH

SPREADS SUGGEST USD/JPY IS SET TO HEAD NORTH

2013.07.24 13:31:59 RESEARCH: China will see a bumpy landing over the medium term

Quotes from Societe Generale Cross Asset Research:

-Our core scenario is that China will see a bumpy landing over the medium term, with growth grinding persistently lower from 7. 4 % in 2013 to 6% in 2017. However, there is still a non-negligible risk that China could land hard, with growth of less than 6% in 2013.

-In an extreme hard landing scenario, we estimate base metals could drop 40%, while the US dollar rallies and treasuries outperform other debt markets and global equity markets.

2013.07.24 12:01:59 S.AFRICA TO AUCTION 1.0 BLN RAND WORTH OF ITS 2048 GOVT BOND ON TUESDAY

ICELAND JULY CPI -0.27 PCT M/M VS PVS MONTH 0.50 PCT - STATS OFFICE

2013.07.24 11:46:59 CABLE BELOW DAILY ICHI BASE 1.5381; HOURLY CLOUD 1.5307-47 SUPPORTS, SPECS LIKELY TO BUY DIPS ON BACK OF EUR/USD

CABLE BELOW DAILY ICHI BASE 1.5381; HOURLY CLOUD 1.5307-47 SUPPORTS, SPECS LIKELY TO BUY DIPS ON BACK OF EUR/USD

2013.07.24 09:35:59 POLISH C.BANK VOTED TO CUT RATES BY 25 BPS IN JUNE IN 5-5 VOTE, GOVERNOR'S VOTE ALLOWED FOR THE CUT -OFFICIAL VOTING RECORDS

POLISH C.BANK VOTED TO CUT RATES BY 25 BPS IN JUNE IN 5-5 VOTE, GOVERNOR'S VOTE ALLOWED FOR THE CUT -OFFICIAL VOTING RECORDS

2013.07.24 05:05:46 China Media Roundup

CHINA SECURITIES JOURNAL

• China Merchants Bank said its application for a 3.1 billion rights share issue has been approved by the China Securities Regulatory Commission. 
• According to first-half figures published by the China Insurance Regulatory Commission on Tuesday, total assets of the insurance industry totalled 7.88 trillion yuan ($1.28 trillion) as of end-June, an increase of 7.2 percent from the beginning of the year. 
• The China Financial Futures Exchange will conduct the first full test run for the launch of government bond futures on Saturday.

2013.07.24 00:45:38 AUSTRALIAN DOLLAR TRADES AT $0.9295 IN EARLY ASIA-PACIFIC TRADE

AUSTRALIAN DOLLAR TRADES AT $0.9295 IN EARLY ASIA-PACIFIC TRADE

2013.07.23 23:04:38 Today in Washington - July 24

(ALL TIMES IN EDT/GMT)

• 0700/1100: The USDA issues weekly world rice price.
• 1000/1400: The Commerce Dept. issues single-family home sales for June.
• 1030/1430: The Energy Information Administration issues weekly petroleum stocks and output data.
• 1300/1700: The Treasury Dept. sells 5-year notes.