Markets......
S&P 500: with 92% of companies reported, Q1 EPS down 1% over the past yr, the 6th consecutive YoY decline. $SPX
Equities, YTD Total Return
Brazil: +20%
Russia: +9%
US: +2%
UK: +.3%
India: -1%
Germany: -7%
Japan: -13%
China: -19%
Highest and lowest sovereign CDS spreads...
Crude Oil: from down 29% YTD on Feb 11 to up 29% today. 83% above its 52-week low. $CL_F
US accounts for 89% of all positive yielding debt with a maturity < 1 year
Hmmmmm........
Turkey & EU Deal - State of Play....
June 2nd-German parliament intends to pass a resolution re: the 1915 genocide carried out by Turkey on Armenians.
"Obedience to the Leader is a must." Bow down , those that will , to the Sultan.
Not a shocker..
Erdogan's maneuvering to seize even more power & control in Turkey.
While Turkey has considerable leverage over EU on the refugee crisis , monthly expenses are spiking for Turkey.
386 refugees returned to Turkey. 8,000 new arrivals to Greece.
Greece .....
Greece set to live up to its end of the bargain ...
Including-mechanism for applying automatic cuts, the framework for the new privatization agency and sale of NPLs.
EZ favors staggered relief only starting in 2018 , the IMF is pushing for larger relief which kicks in immediately.
Brexit.........
Which poll to believe?
UK ONLINE POLL ON EU SHOWS 43% REMAIN, 47% LEAVE: ICM
UK PHONE POLL ON EU SHOWS 47% REMAIN, 39% LEAVE: ICM
#Brexit
There is a reason why Cameron isn't deemed believable. On the record statements divergent w/present positions.
Carney's "absurd" scaremongering is targeted by @LiamHalligan http://bit.ly/23Tlg8L
Boris's statement - nothing wrong with the statement in full context....
Libya......
CBL Tunis meeting details emerge: Dinar devaluation, unified board and Governors sidelined - https://www.libyaherald.com/2016/05/16/cbl-tunis-meeting-details-emerge-dinar-devaluation-unified-board-and-governors-sidelined/ …
Joint statement issued after today's key #Libya meeting in Vienna http://www.state.gov/r/pa/prs/ps/2016/05/257236.htm … (signed by 21 countries + UN, EU, AL & AU)
#Serraj: The assistance we ask from the international community is only logistical support and training. #viennatalks
#Libya MoU between NOC Tripoli HQ & rival incl agreement to resume Hariga shipments & ensure no more power disruption/pipeline sabotage
Handshakes in Vienna yday as head of #Libya's NOC (r) signs MoU w/ eastern challenger aimed at uniting oil sector
#Libya UN-backed government asks ministers it has appointed to take office.
Odds & Ends
The officials executed by FSA were YPG Officials in charge of negotiations between YPG and Rebels in Azaz city. Both were non-combatants
There goes peace hopes…
Small FSA group Jaish al-Shamal video shows killing of female #YPG PR official “Shirin” & 1st assistant Ziyad Jafar
Hürriyet Daily News
Turkish police issue ISIL attack warning for May 19 http://bit.ly/1TVGOyD
SAUDI ARABIA HELD $116.8 BLN OF U.S. TREASURIES AS OF MARCH. that's it?
NYT reported in mid-April that Saudi Arabia has $750BN in Treasuries. Just a little off
Poland probably will move ahead with loan conversions-as politically , the Gov't will want to fulfill this promise.
ICBC announced to cease all personal wealth management accounts commencing June 01 !! To cope with NPL investigation !!
Good round the horn for Monday morning !
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