Friday, April 29, 2016

Economic News , Data & Views ( April 29 , 2016 ) Overview For Friday ( 1. Markets - Global Equities Returns Through April , Commodities - Returns through April , Crude Oil Bounce Since February Lows , USD Index - YTD Low While Oil Rebound To YTD High , Credit , Bond , NIRP Items De Jour. 2. Greece Updates - Primarily Focused On State Of Talks With Creditors , Greece Unemployment at 24.4% In January . 3 Libya In Focus - Political Updates , General State Of Play . 4. Brexit Items De Jour. 5. Refugee Crisis / Border Security Items.)



Markets.....



Global Equity returns (local currency) through April...







Commodity Returns through April...







Crude Oil in 2016... Feb 11: -30% YTD Today: +24% YTD






Dollar Index at YTD low. Crude Oil at YTD high.







Inflation Expectations end the month at their highest level since last July. Long bond yields yet to move in kind...






Leveraged Loan index was positive every single day in April, continuing its remarkable move higher off the Feb lows.






Negative Yields through... Swiss: 15 yrs Japan: 10 Yrs Germany: 8 yrs France: 5 yrs Ireland: 4 yrs Italy: 2 yrs




Greece .......






Eurostat: Greek Unemployment at 24.4% in January







: 2 significant elements have been added to the discussion, contingency & debt measures & have required further discussion.







"We are 99% there" (on measures worth 3% of GDP for to achieve the 2018 primary surplus target), says.






spokeswoman : We believe all conditions are there to find an agreement (on ) soon.






Greece, Germany, IMF: Someone Has To Blink – with one of his always useful Q&As via






Greek deal closer, euro zone finance ministers to meet May 9


EU-Turkey / Refugee Items.....




Turkey threatens EU over visa free travel and pledged funds for refeugees.








Libya.........





The unity government seeks to sack Haftar, replacing him with Mahdi Al-Barghathi. Don't do it GNA , don't do it.







Not a good sign...








UK not sending troops to Libya...









Protesters in east reject Skhirat agreement, burn flags for anti-Haftar statement of Def Min










members arriving in . MP Salah Zubik told us 2 days ago that vote is scheduled for next Wednesday











Brexit Items .......








In case you missed it: S&P reiterates neg outlook for UK on . Brexit would likely lead to downgrade of AAA.




















Dallas Fed's Ex-Goldman president says Brexit will be a factor in the Fed's June decision







Refugee Crisis / Border Security .....






Blockade probably would violate International Law , generally blockade of a country is an Act Of War....






Obama: US may admit 10,000 Syria refugees this year






Dinner in Idomeni and Uber in London: The week in global-affairs writing







Update on Austria's planned fence..










Atlantic puppeteers: who is behind 'the plan' and EU refugee policy











Oil and refugees might force European intervention in Libya









What could be worse than the abusive on refugees? A similar deal with Libya...









De Maiziere: Balkan route should stay shut










Greece removes refugees from Athens due to tourist rush









E.U. forcing refugees into “concentration camps” as economic crisis fuels far-right, warns Greek ex-finance minister