Equities, % off 52-wk high
China: 47% Italy/Brazil: 31% Germany: 28% France: 23% UK: 20% Canada/Japan: 19% US: 13%
The BOJ is doing everything in their power to crash the Yen and it is flat vs. the Dollar since November 2014.
"the Federal Reserve computer systems used to manage interest on reserves do not currently allow the possibility of a negative IOER rate"
Distressed Bond Index at new lows: 64% below June 2014 peak.
Credit meltdown at @Chesapeake: Mar 2016 bonds plunge to 85¢ (yield 187%); Jan 2017 bonds drop to 32¢ (yield 197%)
New all-time low today in Canadian 10-year yields: 1.05%. A kerfuffle over rising rates, eh?
Chinese New Year market closures today: Mainland China, Hong Kong, South Korea, Singapore and Taiwan
New all-time yield lows today in
Sweden Germany Netherlands Finland Austria Belgium France Japan Yellen is watching
Disappointed with Europe, 1000s of Iraqis return home http://ow.ly/Y5UPN
The stick save for US stocks came courtesy of ECB'S Coeure's hint of global coordination at G-20-Shanghai(2/26-2/27)
Tsakalotos hopes review will be done in few weeks http://dlvr.it/KS4rKm
No changes to cash withdrawal ceiling http://dlvr.it/KS4rXy
Rush to get hot spots ready meets more resistance http://dlvr.it/KS4rVn
Standoff between gov’t and farmers grows http://dlvr.it/KS4rRt
Banks in Greece today National Bank of Greece -29% Piraeus Bank -29% Alpha Bank -16% Eurobank -30%
Mystery behind sell-off in bank stocks. Oil related sovereign wealth funds have biggest chunk of money in fin sector
Mike Shedlock: European Bloodbath Spills Over to US Markets: Deutsche Bank CoCo Bonds Collapse, Shares at Record L… http://ift.tt/1olS6Bv
Turkey fears influx of 600,000 refugees from Aleppo bombing http://ow.ly/Y5NIP
BOJ in NIRP. ECB being warned by DB against further easing by BOJ or ECB. FED hamstrung after one 25 bps hike.
Greek Tragedy: Pension Pandemonium Sparks Bank Crash, Stocks At 26 Year Lows http://www.zerohedge.com/news/2016-02-08/greek-tragedy-pension-pandemonium-sparks-bank-crash-stocks-26-year-lows …
'Bypassing sanctions': Russian govt plans to raise $3bn by issuing first bonds since 2013 http://on.rt.com/73z5
Bundesbank chief specifies he doesn't think eurozone finance ministry is feasible, and won't push for it http://m.faz.net/aktuell/wirtschaft/zukunft-der-waehrungsunion-weidmann-euro-finanzminister-nicht-durchsetzbar-14058544.html …
Another crisis in Greece is quietly building up steam...
"Send them all back': Austrian chancellor demands" | Mail http://dailym.ai/1T85d67
#Greece | *ASE ATHEX INDEX FALLS TO LOWEST INTRADAY LEVEL SINCE 1990 ..Guru Josh project
#BREAKING Turkish PM: Turkey, Germany to work together for NATO involvement in curbing refugee flow
#BREAKING: Turkish PM: Turkey, Germany to start joint diplomatic involvement to end onslaught in Aleppo
Syria’s Kurds plays US off Russia, opening first foreign office in Moscow http://rudaw.net/english/middleeast/syria/070220161 …