Markets & Market Moving News....
GERMANY MAY PREL. CPI +0.1% Y/Y, +0.3% M/M, APR -0.1% Y/Y
'June Jitters' due to:
Deflationary forces remain. German Import prices fell 6.6% in Apr, biggest drop since 2009.
#Japan's Nikkei closes up 1.4% at 17068.02 and Yen weakens considerably as as Abe said to postpone sales tax hike.
China’s Iron-Ore Futures Slide to Three Month Low
CHINA SETS YUAN FIXING AT 6.5784 VS 6.5490 DAY EARLIER, LOWEST LEVEL SINCE FEBRUARY 2011
Tens of thousands of workers rush to retire in view of new pension cuts http://www.ekathimerini.com/209109 #Greece
Greece moving quickly to the bottom box https://twitter.com/ekathimerini/status/737260317063811073 …
Two hurdles- sale of NPLs backed by state guarantees & clawback of EKAS subsidy payments received this year.
Finance Minister Euclid Tsakalotos said some of the additional demands could not be fulfilled, the sources said.
Greek taxes take big bite out of OPAP profit http://dlvr.it/LRQpSn
#Greece May Economic Sentiment -0.6 points to 89.7, Consumer Confidence +1.8 points to -71.9 (EC). #economy #ec
Toll charges to increase on some highways due to VAT rise http://dlvr.it/LRM6bX
State arrears could be paid off in 12 months, says Stathakis http://dlvr.it/LRKQyl
Mitsotakis demands answers over change to law on politicians and offshore firms http://dlvr.it/LRGQFh
Odds & Ends ....
#Libya Libya Update 1: UN-backed government forces from Misrata continue advance against IS in Sirte. Declared they will surround the town
#Libya Libya Update 2: Eastern central bank issues its own currency June 1. UN-backed govt. says it can circulate alongside existing dinars
#Libya Libya Update 3: UN-backed government of national accord (GNA) arrived in Tripoli 2 months ago tomorrow.
#Libya Libya Update 4: 700 migrants feared drowned, 13,000 rescued, off Libya in past week.
#Libya #Libyaoil Petroleum Facilities Guard which guards main eastern oil ports joins offensive against IS at Sirte. http://www.nytimes.com/aponline/2016/05/30/world/middleeast/ap-ml-libya.html …
#Libya #ISIS/Daesh: British troops were angry over recent Misrata advances & stopped them from entering Sirte Remember stalls in Benghazi?
Odds & Ends ....
German Lower House of Parliament set to pass Armenia resolution. Turkey warns of hit to bilateral ties.
Now Erdogan takes on treatment against french protesters - but what about his treatment of Kurds within Turkey ?
Presented without further commentary...
Police have arrested a man at #Cologne-Bonn airport and things are getting back to normal http://www.thelocal.de/20160530/breaking-flights-stopped-over-security-alert-at-cologne-airport …
Bulgaria stops 100 migrants seeking new EU route at Greek border http://ow.ly/zxJW300IpcD
Alloush resigns, blaming international community for failure to end the civil war in #Syria. http://www.aljazeera.com/news/2016/05/syria-rebels-recapture-aleppo-villages-isil-160529201149567.html …
#Iraq CT units advanced from 2 fronts inside the city of #Fallujah (3d step) from Jisr al-Muwaz'zafeen and North-East the city against #ISIS
Syria's opposition peace negotiator Mohammed Alloush resigns with no progress in peace talks http://dlvr.it/LRCFJV
Iraq joins Middle East rivals raising oil exports ahead of OPEC meeting http://cnb.cx/1NYn9iP
HK Tao Heng Hldgs (0573.hk) is using robot in its Dongguang restaurants. Next in HK?
The company that builds iPhones is replacing workers with robots http://yhoo.it/1sTi3uO