Markets and market moving news.....
FTW: JAPAN’S ABE TO DELAY TAX HIKE, RULE OUT DOUBLE POLL: YOMIURI
Inventory draw: -5.137MM
Gasoline: +3.606MM
Distillate: -2.922MM
Cushing: -0.189MM
Gold Drops, Oil Pops As Another Volumeless Buying-Frenzy Strikes Stocks http://www.zerohedge.com/news/2016-05-24/gold-drops-oil-pops-another-volumeless-buying-frenzy-strikes-stocks …
#ECB ramps up balance sheet expansion by €21.3bn, biggest increase since Apr on QE programme. Total assets €3.05trn.
*CHINA WEAKENS YUAN FIXING TO LOWEST SINCE MARCH 2011, 6.5693 VS 6.5468 DAY EARLIER
MAY 13: ABE POSTPONES JAPAN CONSUMPTION TAX
MAY 18: ABE TO MAKE DECISION ON TAX HIKE AFTER ELECTION
MAY 24: ABE TO DELAY TAX HIKE
EuroGroup Meeting - May 24th .....
Germany wins another round as IMF appears to blink / crumble , fold up its cards ....
"We welcome that all stakeholders recognise Greek debt unsustainable & that debt relief is needed," says IMF's Thomsen at #Eurogroup #Greece
Dijssebloem to IMF's Poul Thomsen "thank you for joining us" #eurogroup
REGLING: GREECE NOW TO IMPLEMENT OUTSTANDING PRIOR ACTIONS. And that's where it ends
REGLING: LOAN TRANCHES LINKED WITH GR PROGRAM IMPLEMENTATION
REGLING: LOAN TRANCHES LINKED WITH GR PROGRAM IMPLEMENTATION
Second tranche after summer only if Greece completes another set of milestones privitisation, revenue agency and energy sector
#Eurogroup IMF has expressed its intention to recommend to its board participation to the #GReek program before the end of the year.
GREECE TO GET 10.3 BLN EUROS IN NEXT LOAN DISBURSEMENT, DRAFT EUROGROUP STATEMENT SAYS -EZ OFFICIALS
3 items have to b finalised for disbursement.A.Speeding up privitizations(old airport)b. Pension reform,smoothening EKAS c. Changes on NPL's
GREECE OFFL: LONG TERM DEBT MEASURES MAY NOT BE DEFINED NOW
And this assumes IMF projections are correct , which hasn't been the case regarding Greece.
EU-Turkey Deal ....
Wondering when a deadline gets set by Erdogan for EU to fulfill its promises to Turkey-or else Deal goes bye bye?
#Turkey president Erdoğan: Without progress in visa dispute, there will be no refugee relocations. /via @ZDFheute
#EUTurkeyDeal
With almost deadly headlines in Turkey touching on PKK violence -chances of Erdogan changing terror laws less than 0
Protests in Europe - Brussels & France....
Belgium: Thousands of union members protest austerity in Brussels~ http://youtu.be/2KEDJ4J0mAM
More strikes For France. Labor Law uproar continues.
Hollande vows to break blockades , as fuel runs low.
Not a good look for Brussels today...
Refugee Crisis.....
This is one of the places where the migrants are being taken, to the tent city of #Oraiokastro, near Thessaloniki
Authorities say that up to 1530 hours 32 buses have taken 1,529 people from #Idomeni 'without any problems'
#Macedonia stops 31 illegal migrants in #Belgium-registered truck only about 10 kms from Greece's #Idomeni border
Front-end loaders & other earthmoving equipment are being deployed to clear away tents at Idomeni, via @undkrefugees
Odds & Ends.....
Own goal by Rajoy ? In the letter, Rajoy said that if he is re-elected at the upcoming elections of June 26, 1
@fredwalton216 he is “prepared to adopt new measures, if required, in order to meet the [deficit] target.” 2
@fredwalton216 However , on campaign trail - Rajoy has denied that Spain will require any further spending cuts. 3
Not sure whether Trump or Hillary gets hurt more by Johnson , but he could impact General Election.
Note - Egypt has refuted the earlier report for an alleged forensics official concerning explosion onboard.
fred walton @fredwalton216
Blair apparently advocates western boots on ground in Libya , Iraq and Syria.
ICM's latest online EU poll is Remain 45%, Leave 45%. It comes with a method change, weighting up slow respondents: http://us11.campaign-archive2.com/?u=fbcf81e4dd2761d48aba0b6da&id=14df1d3e14 …
These blatant political moves undercut legitimacy of arguments by Remain political camp , if voters are attentive.
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