DHS Investigates Cyber Breach in Homeland Security Information-Sharing Network 
South Korea Warns Won Is Undervalued, Boosts FX Coordination With Japan 
Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence 
US Appeals Court Limits ICE Detention Without Bond Hearings After 90 Days 
Air Force Investigates Officer After Capitol Protest Calling for Trump, Vance Impeachment 
NRC Proposes Radiation Rule Changes to Boost U.S. Nuclear Power Expansion Under Trump 
Khamenei Funeral Draws Thousands as Iran Stages Nationwide Week of Mourning 
UN Warns of Looming Human Rights Catastrophe in Sudan’s Al-Obeid 
Russian Attacks Kill Six Across Ukraine as Kyiv Mourns Deadly Strike 
US-Iran Doha Talks Show Limited Progress as Hormuz Shipping Remains Key Focus 
Amy Coney Barrett Faces Conservative Backlash After Key Supreme Court Rulings Against Trump 
June is getting risk heavier than ever. We already have British referendum over stay in European Union, which is on June 23rd and enough to rattle global markets, FOMC rate decision in which FED is largely expected to raise rates to keep the pace gradual and Bank of Japan, which may take measures to shake up yen bulls and push for inflation.
Now just add an election to the mix.
King Felipe of Spain has dissolved parliament today and called for reelection on June 26th after more than four months of negotiation failed to yield a government there. This will be second election in six months.
However, polls are suggesting another election outcome will be similar to the previous one and no party or coalition will be able to gather majority.
Acting Prime Minister, Mariano Rajoy’s Popular party is once again expected to lead with 29% of the vote, trailed by Socialist with 20% and anti-austerity Podemos with 16-18% of the votes.
Such an outcome will not only be worst for Spanish bonds and index IBEX 35 but will weaken the Euro too.
