Update: S&P: +7.5% from the low. >50% of stocks closed above their 50-day moving average, highest % this year. $SPX
British Pound ends the day at its lowest level vs. US Dollar since March 2009. $GBPUSD
$VIX Index: -31.2% since Feb 11, one of the largest 6-day declines in history. Volatility of Volatility continues.
JPM: Mkt strength inexplicable given neg news w/pretty ugly PMIs (JP,EU,US), HSBC bad earnings, rising #Brexit angst
#China’s ‘trilemma’ makes it vulnerable to more shocks, @georgemagnus1 writes. http://www.ft.com/cms/s/0/72861246-d975-11e5-a72f-1e7744c66818.html …
ECB seeks ways to ease pain for banks.Japan-style neg rates would trigger claims of curr war https://next.ft.com/content/555cfb00-d97d-11e5-98fd-06d75973fe09 …
US Mfg PMI 51.0, Exp. 52.4, Last 52.4
Safes Sell Out In Japan, 1,000 Franc Note Demand Soars As NIRP Triggers Cash Hoarding http://www.zerohedge.com/news/2016-02-22/safes-sell-out-japan-1000-franc-note-demand-soars-nirp-triggers-cash-hoarding …
Almost half of the Tory MEPs are likely to vote to abolish their jobs by backing Brexit, the Sun can reveal. http://www.thesun.co.uk/sol/homepage/news/politics/6949024/Senior-Tory-MPs-vow-to-knife-PM-if-he-loses-EU-referendum.html …
This could backfire. But we shall see.
ICM (#EURef): REMAIN 42 (-1) LEAVE 40 (+1) 19th-22nd N=2,021 http://www.icmunlimited.com/data/media/pdf/-Voting-22ndFeb16_pv.pdf … #EUreferendum #Brexit #UKinEU
Cameron claims his "treaty" is "legally binding" without ratification. Has constitutional history been made?
SNP @AngusRobertson tells PM "certain" that there will be another Scottish referendum if UK votes to leave
LONDON ASSEMBLY VOTES TO STAY IN EU, DEFIES MAYOR BORIS JOHNSON
At midday, @BrunoBrussels asks "why Greeks more important than Brits" since @JunckerEU gave big #Greece referendum speech but won't for UK
Refugee Situation / Border Security......
EU states should voluntarily accept more refugees from Turkey and Greece, report says http://bit.ly/1oXSCWP
Spaniard's award winning cartoon on Europe's approach to the refugee crisis: http://owl.li/YCXHb
ND @kmitsotakis says he asked for a meeting w/ the Austrian Amb in #Greece, expressed disappointment re: Austria's stance on #refugeecrisis.
6000 refugees and migrants on the greek /macedonian border and ships still arriving in Pireus full of more via skaitv
Closing borders would cost EU 470 bn euros over 10 years: study http://f24.my/1mTfoxt
Not surprisingly , Turkey has hamstrung the NATO "Initiative" regarding Refugees.
If Greece keeps raising business taxes, soon there won't be any businesses left to tax http://econ.st/1UicFLt
Greece. Unemployment: 24.6% Youth unemployment: 48% Budget deficit: 4% of GDP Stock market, past year: -49.4%
#Greece farmers' representatives refrained from disclosing and commenting on gov't proposals re pension reform. #economy
#Greece travel receipts grow 12.2 pct in Dec, surplus rises to 12.17 bln in 2015. http://www.macropolis.gr/?i=portal.en.economy.3701 … #economy #tourism @setegreece
#Greece gov't may propose to farmers social security contributions of 10% in 2017-18, 15% in 2019-20 and 20% in 2022 (via @capitalgr)
#Greece gov't considers extending the transition period for farmers' soc sec contributions until 2021 (instead of 2019), acc to local media.
#Greece Labour Min appears optimistic an agreement may be reached soon leading to completion of programme review by Mar 27 (via @amna_news)
Hernando says PSOE hopes "many agreements will be announced over the next few days, with many parties".
PSOE spokesman Hernando says 161 seats not enough for "government of change". Doesn't then explain how 130-seat PSOE-Ciudadanos would work.
Rajoy, in case anyone had missed it: "Obviously we're not going to govern with Podemos". Still selling a three-way establishment coalition.
Cadena SER And Vozpópuli reporting Sánchez and Rivera have held a "secret" meeting in Congress this evening to talk about a PSOE-Ciudadanos.
The two-way PSOE-Podemos meeting tomorrow will be at 6 p.m., followed by another four-way summit at 8 p.m..
LATEST: United Left leader Garzón says Podemos and PSOE will hold a bilateral meeting tomorrow evening.
They're alive! Marathon four-way, four-hour left-wing "super red" meeting in Congress ends.
OPEC has now concluded it doesn’t know how to coexist with the U.S. shale oil industry http://bloom.bg/1QcFOGc
#BREAKING: @BHPBilliton, the world's largest #mining company, slashes interim dividend to 16 cents from 62 cents per share -- #commodities
Bolivia's President Evo Morales insists he hasn't lost the re-election referendum — yet http://bit.ly/1oYYlvp
Libya parliament to vote Tuesday on unity government http://bit.ly/1mT7MLf
BREAKING: Syria opposition coordinator Hijab says there is provisional agreement on temporary truce: Orient TV http://bit.ly/1VzuKTP
Draft US Russia Agreement on #syria say all sides must commit to cessation by 1200 Friday (Damascus)