ECB Decisions - Lots here , more at the T.L
As per Nick Kounis , here are the ECB's policy decisions made today...
Meat of today's decisions -points 3 through 6.
Reactions , granular details , etc......
At least Kuroda's announcement had a half-life of 1 day on yen. Draghi's half-life was 1 hour on euro. #SilverAgeOfTheCentralBanker
Just incredible to watch the BOJ & ECB do everything in their power to crash their currencies ... and they stop going down. That's markets.
Not a happy ending type of day , so far...
http://www.marketwatch.com/tools/marketsummary?region=europe …. Draghi sugar high gone. FTSE / CAC / DAX all have dived into the red today.
New currency war in the making as ECB increase the balance sheet expansion by €20bn per month. (Chart via BBG)
Thiago Duarte @Thiagotrader
RTRS - ECB'S DRAGHI SAYS ASSET BUYS TO GO UNTIL MARCH 2017 OR BEYOND IF NECESSARY
New growth and inflation forecasts: Annual GDP: 1.4pc in 2016, 1.7pc, in 2017, and 1.8pc Inflation: 0.1pc in 2016, 1.3pc in 2017, 1.6pc in 2018
The Great Divergence in rates b/t US Treasuries and German Bunds... http://stks.co/i47JW
Euro has not made a new low vs. US Dollar in almost a year and is up 2.1% YTD. If this continues, Draghi goes -10%.
Europe In Focus ......
Missed this item !
Bulgaria and Albania take action fearing refugees massing at their doorstep http://dlvr.it/KlMhST
Ukraine PM challenges president to ‘back me or sack me’. @FT interview https://next.ft.com/content/88670cae-e691-11e5-a09b-1f8b0d268c39 …
France hit by protests...
Mandatory voting - told who to vote for as well ?
Some headway. Arrivals still swamping departures of economic migrants.
2.7million syrian refugees in Turkey alone !
Fr Guy Verhofstadt. Agree w/his overall assessment of illegal deal w/Turkey. Re: 3 EU steps , concur w/1st 2 steps.
And a divided Europe cannot stand...
How can Turkey be considered safe presently ? Restless kurdish portions-in particular SE Turkey and syrian border.
Wonder where EU is going to land on Turkish visa liberalisation: clear many against, including Merkel's Bavarian sister party @CSU.
United line emerging from EU ministers in Brussels today on this: "Balkan Route closed" "no more waving-through"
According to #Greek government official, there are now 41,973 #refugees and #migrants trapped in the country
Will lead to new wave of migration from turkish kurds- as per Bavarian interior minister Joachim Herrmann
Europe's refugee crisis is posing risks for Greek economy & Greece needs substantial help to deal w/ refugees -OECD
Austria’s Int Min says the Balkan migrant route should remain closed permanently. The “clock will not be turned back
UNHCR prepares for inevitable smuggler work arounds regarding refugees...
"Tens of thousands" of migrants "not hundreds of thousands or millions"-would not include existing Greece refugees
Run rate of 2 million per year....
Odds & Ends .....
#Libya After recognised parliament (Tobruk) failed to vote on it Monday UN held new talks today on unity government.
#Libya UN has set no new deadline for unity government deal. Neither of Libya's 2 existing rival governments has yet agreed. Talks continue.
Puerto Rico House approves legislation to restructure water utility, Prasa #muniland
Republicans are pondering a board to run the Puerto Rico government and nothing more #muniland
Katrougalos opens door to pension reductions http://dlvr.it/KlMhTZ
Tax revenues miss budget target in January http://dlvr.it/KlMhRW
Something to keep an eye on...fwiw
All the fake oil prod cut/ prod freeze headlines , falling aside-political/economic realities still exist.
Former IS member gives @skynews memory stick with names,phones&more of 22,000 fighters, including foreign fighters. http://news.sky.com/story/1656777/is-registration-forms-identify-22000-jihadis …
"@zerohedge: China nationalizing insolvent corporations; ECB going "full bazooka" The recovery has truly arrived" Crazy Town time
Seriously wounded , but not dead....
Troika says Greece will need to cut primary pensions ?