2-year yields... Switzerland: -1.03% Germany: -0.55% Japan: -0.22% US: +0.91%
NYSE: New 52-week highs outnumbered New 52-week Lows by over 15x today, highest since last April.
CBK: Neg rates could lead to demise of euro as reserve currency. Many CenBanks cannot invest in neg-yielding assets.
Update 2: Crude up over 44% in the past 16 trading days, largest short-term gain since the '90 price shock. $CL1
Europe In Focus ......
EUCO Talks Today With Turkey
The Statement of the EU Heads of State or Government - EU-Turkey summit #EUCO #EUTurkey http://www.consilium.europa.eu/en/press/press-releases/2016/03/07-eu-turkey-meeting-statement/ …
Doesn't #Turkey deal undermine @DonaldTusk? He spends wks negotiating, then #Merkel backdoors a completley diff deal with @Ahmet_Davutoglu
#Cyprus needs to decide until March 17, whether it will lift objections on accession chapters for #Turkey. Bitter-sweet day for Cyprus today
Hopes to finalise refugee return pact with Turkey at next EU summit http://on.ft.com/1nssRMS
C U Next Thursday: EU delays Turkey migrant deal decision until Mar 17-18 summit http://news.yahoo.com/eu-agrees-turkish-deal-migrants-summit-next-week-234247427.html;_ylt=AwrC1CpFIt5W8HIAoYDQtDMD;_ylu=X3oDMTByZnU4cmNpBGNvbG8DYmYxBHBvcwM5BHZ0aWQDBHNlYwNzcg-- …
EUCO state of play...
Remarkably, #Merkel says entire new migration plan was proposed by @Ahmet_Davutoglu -- and she backs it unreservedly, including extra €3bn
BREAKING: Luxembourg PM: EU, Turkey end migration talks; new proposals go to next week's summit .
EU diplomat: approaching solutions on accession chapters, related to the new turkish proposal & the balkan way #euco #migrantcrisis
Which nations in the EU will sign up -and then actually follow thru , re: taking refugees directly from Turkey ?
If accurate , it would explain ( in part ) , why there wasn't an actual "agreed deal" announced today.
Fwiw - this allegedly represents outline of EU -Turkey draft statement from today's Summit.
Greece & EG Today......
Here we go again! #Finland's FinMin Stubb says #Greece, Creditors need deal to avoid new crisis which will come to a head in July. (BBG)
#IMF confirms that the discussions for the Greek program will resume in Athens this week.
#GREECE | DIJSSELBLOEM SAYS STRONG LINK BETWEEN DEBT RELIEF, GREEK REVIEW - BBG
Work needs to be done on same subjects which have been punted on for the past year and even longer.
Spainish FM makes threats over Gibraltar. Fabien Picardo slaps him down. #Brexit http://www.dailymail.co.uk/news/article-3480292/Spain-demand-control-Gibraltar-day-Brexit-warns-foreign-minister-sparks-fresh-row-Rock.html …
Tomorrow's Daily Telegraph front page: Bank prepares for Brexit crisis
The first of our Brexit briefs looks at the arguments over the facts http://econ.st/1psBk4c
"Peddling Hyperbole" British Business Boss Bashes Cameron's Brexit Scaremongering http://www.zerohedge.com/news/2016-03-07/peddling-hyperbole-british-business-boss-bashes-camerons-brexit-scaremongering …
Boris Johnson offers his colorful view on the EU..
Big business & the banks admit that a "soft landing" Brexit doesn't worry them. The market solution is the answer.
Blow to Cameron's Authority As Twice as Many Tory Chairmen Support Brexit than Remain http://bit.ly/1W2PQdx
It's opera and tears as Europeans face the prospect of Brexit http://bloom.bg/1Rt7lji