Brent Oil Above $107 Amid Crisis Speculation

Brent and West Texas Intermediate fell for a second day amid speculation that the crisis over the downing of a Malaysian Air jet will have no impact on supplies from Russia, the world’s largest energy exporter. Brent futures dropped as much as 0.3 percent in London, extending a 0.6 percent loss on July 18

Japan Buying Foreign Bonds, Y 671.5B – plus the rest of this data

International Transactions in Securities data from Japan’s Ministry of Finance,for the week ended July 11 Japan Buying Foreign Bonds, Y 671.5B Japan Buying Foreign Stocks, Y 71.9B Foreign Buying Japan Bonds, Y -2.9B Foreign Buying Japan Stocks, Y -160.9B (negative indicates net selling) – UBS had a client note out on Japanese buying of foreign investments yesterday, they like the yen to weaken again.

SNB says big banks loss potential remains substantial

Out  few moments ago. SNB financial stability report ahead of the interest rate decision and presser later this morning overall economic and financial stability conditions for Swiss banking system have improved but substantial risks remain rate shock could be major challenge to financial stability, cause bigger losses than euro crisis prlonged period of low rates carries risks, could lead to new imbalances current situation calls for prudent lending policy welcomes banks’ efforts to boost transparency UBS and Credit Suisse should boost leverage ratios further USDCHF 0.8960 ahead of the main event with SNB highly unlikely to act today.