MONETARY TIGHTENING LIKELY IN SOME ADVANCED COUNTRIES: G20
G20 reaffirms previous FX commitments, to resist protectionism. To implement fiscal pol flexibility, BBG reports citing G20 draft statement.
After ECB has cut inflation projections, Fed’s 2016 forecast likely shift lower. US Inflation expectations collapsed
Bayern Munich to provide #refugee children with food, German lessons, football equipment http://on.rt.com/6qi2
Italian bank Unicredit said to consider more than 10,000 job cuts (6.8% of global headcount)
EU-sources: EU-states that don´t accept an obligatory quota system for distribution of refugees shall have to make a financial contribution.
#Refugees welcomed by:
Saudi... 0 Kuwait... 0 Qatar... 0 Emirates... 0 Bahrain... 0 #somuchfortheummah
Two strong signals that
#ECB will likely step up QE: 1 lower 2017 inflation forecast 2 statement of downside risks to inflation outlook
Draghi: "we may see deflation"
Draghi: Bond purchases can't take place while programme review is still ongoing. #Greece
#ECB's Draghi: ECB insisted on no bail-in of Greek bank depositors.
Draghi's opening statement available in full here: http://www.ecb.europa.eu/press/pressconf/2015/html/is150903.en.html …
Stocks Surge As ECB Expands QE Monetization Limits, Boost Purchase Threshold From 25% to 33% Per Issue http://www.zerohedge.com/news/2015-09-03/stocks-surge-ecb-expands-qe-monetization-limits-boost-purchase-threshold-25-33-issue …
#Euro drops like a stone as Draghi has hinted extension of QE programme.
Refugee situation = Postcards from the Edge
Sums things up....
100s of people stuck on #Serbia side of #Hungary border, afraid of inhumane camps and fingerprinting in Hungary
Migration crisis: Hungary PM claims Europe is in grip of 'madness' http://gu.com/p/4c4vt/stw
Trains with migrants abruptly stop outside Hungary capital at area where tents await; passengers refuse to exit. http://cnn.it/1LMZCvT
Absolutely - it's not acceptable. #refugeecrisis
Fortress Europe on display....
HUNGARY: PM Orban will send soldiers to border with #Serbia starting September 15th to halt #refugees - @Balkanist http://www.b92.net//eng/news/politics.php?yyyy=2015&mm=09&dd=03&nav_id=95315 …
Draft relocation plan from @JunckerEU: 54,000 asylum seekers from Hungary 39,600 from Italy, 66,400 from Greece
" Fair distribution of at least 100,000 refugees among the EU states it what, in fact, we need today " - Tusk
Thanks for informing us on this story - the tragedy is there are many thousands of additional sad stories untold.
Ouch ! Renzi hits below the belt there.....
European Union, 2015: poll suggests 94% of Czechs want the EU to deport all refugees and close the country's borders https://shar.es/1vdjiJ
#Europe Rethinks the #Schengen Agreement | via @Stratfor https://www.stratfor.com/analysis/europe-rethinks-schengen-agreement … ht @halilikaya #refugeecrisis
WATCH LIVE: Farmers on tractors gather in Paris streets https://www.rt.com/on-air/farmers-tractors-protest-paris/ …
FULL STORY Spanish PM Mariano Rajoy says December 20 is “most likely” general election date http://cort.as/WbZt
FRANCE AUG. SERVICES PMI FALLS TO 50.6; PRELIM. 51.8
#France misses: French PMI revised downwards from 51.3 to 50.2, the lowest reading since Jan 2015.
#Germany Services & Composite PMI data:
-Services PMI (Aug F): 54.9 (est 53.6; prv 53.6)
-Composite PMI (Aug F): 55.0 (est 54;prv 54)
Italy, France, Germany urge review of
#EU asylum rules for migrants http://uk.reuters.com/article/idUKKCN0R21YW20150902 … #refugeecrisis
He will probably be relieved to have more questions about China and fewer about Greece!
A ticking bomb and little time http://dlvr.it/C2sC0T
New Democracy rewinds to 2012 & pledges to renegotiate some aspects of bailout agreement, while proposing alternative measures
Tens of thousands of companies fear closure in coming months http://www.ekathimerini.com/201139
TAIPED says 2015 sales revenues will miss target
#Greece http://www.ekathimerini.com/201141 ht @MarketElf
UPDATE: SPANISH SERVICE SECTOR GROWTH STRONG IN AUGUST (PMI = 59.6).
Why aren't EU leaders holding summit on refugee crisis? Leaving matter to their interior ministers is extraordinary lack of leadership.
Migrants storm train after police withdraw from #Budapest station http://nbcnews.to/1ObvQBt #refugeecrisis
Trains to Western Europe suspended as Keleti station in Budapest opens its doors to migrants http://bbc.in/1ObvEly
How many refugees should Britain take? http://trib.al/g3YzD0s Photo: Matt Cardy/Getty Images
Draghi seen sharpening language as #ECB has failed to prop up inflation expectations w/ QE. http://bloom.bg/1JCdSac
#ECB faces 'unwarranted tightening' as real yields have jumped as well as trade weighted Euro. (via RBS)
Commodities......Gold in focus - h/t - Macro Tourist for the charts !
@fredwalton216 #COMEX registered #gold 10 tonnes. Eligible 214t. Open interest 1,276t. 127 times levered.