Markets and Market moving news.........
YELLEN: WOULDN'T RULE OUT NEGATIVE RATES IN VERY ADVERSE CASE
YELLEN: MUST CONSIDER UNINTENDED CONSEQUENCES OF NEGATIVE RATES. When will the Fed consider unintended consequences of ZIRP and QE
The party is over: CHINA 4 BIG BANKS' APRIL NEW LOANS MORE THAN HALVED M/M: MNI
Crude Chaos Sparks Stock Schizophrenia, Trannies Trounced http://www.zerohedge.com/news/2016-05-12/crude-chaos-sparks-stock-schizophrenia-trannies-trounced …
#Gold Demand Rises to Second-Highest Ever Quarterly on ETF Buying http://bloom.bg/1Wrnv3Q via @business
GLOBAL OIL DEMAND surprises on the upside: http://www.reuters.com/article/global-oil-kemp-idUKL5N1895AK …
France......
French government survives no-confidence vote over labour reform https://www.yahoo.com/news/french-government-survives-no-confidence-vote-over-labour-165733350.html?soc_src=social-sh&soc_trk=tw … via @YahooNews
So-no confid vote of Opposition probably fails b/c Socialist Rebels won't vote 4 it-despite having sought own N.C.V?
Turkey - EU......
Another example of Erdogan's total disdain for the EU & European values-yet supposedly wants Turkey to join the EU.
UPDATE: Eight wounded in Istanbul bomb attack near military post: Governor http://bit.ly/24S0FHE
Both EU & Erdogan squared off on key EU demand that Turkey amend its anti-terror law. Erdogan clearly rejects this.
DAILY SABAH @DailySabah
LIVE — Bozdağ: I condemn [main opposition CHP leader] Kılıçdaroğlu's comments ['You cannot bring presidential system without bloodshed']
Juncker said migrant deal between EU and Turkey would collapse unless Ankara fulfilled its commitments.
fred walton @fredwalton216
Volkan Bozkir - Turkey's next steps would be decided in line with instructions from President Tayyip Erdogan.
UK.........
BREXIT THE MOVIE IS HERE!
WATCH ONLINE IN FULL: https://vimeo.com/166378572
Themed segments and more information at http://brexitthemovie.com
BoE issues Brexit warning...
Juncker is probably right there.
Except in a direct debate with Gove, Boris or millions of other Tory Leavers...
Brazil ........
The fate of Brazil’s democracy depends on a man you’ve never heard of. http://atfp.co/24Omwwm
Brazil's Dilma Rousseff faces an impeachment trial. Here are 5 questions you asked, answered http://cnn.it/1UWY2ht
The question Brazil's markets are asking now: What will life be like after Dilma? http://on.ft.com/27hhTgr
This Study is separate from the Commentary published in the Harvard Public Health Review.
A must read calling for Brazil to cancel Olympics because of Zika virus. http://harvardpublichealthreview.org/off-the-podium-why-rios-2016-olympic-games-must-not-proceed/ …
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