April Fool's Day News.....
The @realDonaldTrump White House Now Investigated for Ties to Greece https://goo.gl/ed0dXn - #Breaking #news
April Fools: George Takei jokes he’s running for Congress http://hill.cm/74zfg8y
Markets......
Credit Bubble Bulletin : Weekly Commentary: Q1: Sure Bets That Weren’t http://creditbubblebulletin.blogspot.com/2017/04/weekly-commentary-q1-sure-bets-that.html?spref=tw …
Global bonds have gained $1.5trn in value in Q1, paring Q42016 losses of $3.2trn as investors bet on goldilocks scenario w/ dovish CenBanks.
Global stocks have gained $4.8trn in mkt cap in Q1, equal to GDP of Japan, most since 2012 on corp earning bounce & glob growth acceleration
India had a fantastic Q1. With valuations like these, are markets getting this one right? Our roundtable discussion https://www.bloomberg.com/news/videos/2017-03-31/iley-says-india-de-monetization-shock-is-fading-video …
Emerging Markets best asset class in Q1'17 followed by EU stocks, #Gold, EM debt. BUT #Italy debt, Oil & broader commodities underperformed. pic.twitter.com/Jx0r2enEgT
Asian markets officially shut for Q1. Confirmed. #happyfriday
Links from Friday Afternoon....
[Bloomberg] U.S. Stocks Meander on Last Day of Stellar Quarter: Markets Wrap
[Reuters] Oil retreats, set to become worst-performing asset in first quarter
[Reuters] Fed signals it could promptly start shedding bonds from portfolio this year
[Bloomberg] Venezuela Crisis Deepens, Bonds Sink as Maduro Ally Pushes Back
[Reuters] Top Venezuela official breaks with government, protests escalate
[CNBC] The looming budget disaster, in four charts
[Forbes] Proof That Mr. Market Is Losing His Mind
[CNBC] From a $200,000 Aston Martin sports car to $1,000 an hour escorts, Wall Street spending is up
[NYT] Caution Signals Are Blinking for the Trump Bull Market
[FT] ‘It ain’t a normal cycle’, BAML reminds investors
[Reuters] Oil retreats, set to become worst-performing asset in first quarter
[Reuters] Fed signals it could promptly start shedding bonds from portfolio this year
[Bloomberg] Venezuela Crisis Deepens, Bonds Sink as Maduro Ally Pushes Back
[Reuters] Top Venezuela official breaks with government, protests escalate
[CNBC] The looming budget disaster, in four charts
[Forbes] Proof That Mr. Market Is Losing His Mind
[CNBC] From a $200,000 Aston Martin sports car to $1,000 an hour escorts, Wall Street spending is up
[NYT] Caution Signals Are Blinking for the Trump Bull Market
[FT] ‘It ain’t a normal cycle’, BAML reminds investors
Europe.....
UK......
Foreign direct investment in the UK rose sharply in the final quarter 2016 to £110 billion, the highest level since 2014
Current account deficit fell from 5.3% to 2.4% GDP, lowest since 2012; biggest quarterly decline since records began in 1955.
UK current account deficit improved by largest amount on record -- deficit fell to £12 billion in Q4 2016 v £25.7 billion in Q3
Fate of Gibraltar hangs in balance amid Brexit row with Spain http://ind.pn/2oK93pr
FULL statement from government of Gibraltar in response to Spain's new EU Brexit veto (pdf):
https://www.gibraltar.gov.gi/new/sites/default/files/press/2017//210-2017.pdf …
Significant that Spain has succeeded in getting Gibraltar on the draft guidelines: Spain has veto on exit deal applying to Gibraltar
#EU to bill every #UK citizen €500 if May fails to pay #Brexit divorce settlement
http://bit.ly/2osR3k3
So it's "tough" when it's the EU and "threats" when it's the UK.
Weekend long read: Legal and procedural issues in the UK’s withdrawal from the EU http://ow.ly/ryV630ajVYR @JolyonMaugham
France.....
Macron meets member of Fillon’s party, sets tongues wagging http://rfi.my/11N.t
French centrist candidate Macron meets Sarkozy ally Estrosi http://reut.rs/2nWdO21
The far-left Jean-Luc Mélenchon is shaking up the already turbulent French presidential campaign http://politi.co/2okRPTi
France's Macron preaches hope to gritty suburbs http://dlvr.it/Nmv5D1
What happened today in France's presidential election http://f24.my/11V.t
National Front release election platform: http://forum.roblox.com/Forum/ShowPost.aspx?PostID=213109818 …
From ‘fake jobs’ to Russia 'fantasies', Fillon talks Putin http://f24.my/11Ut.t
Fillon insults Macron with Hollande slur as dirty campaign signals French win for Le Pen http://ln.is/shr.gs/QhkeR
Le Pen says she still needs campaign funds after approaching lenders in 7 countries https://bloom.bg/2nnowuA
Fillon Turns Against Putin After Le Pen's Meeting in Moscow https://www.bloomberg.com/politics/articles/2017-03-31/fillon-turns-against-putin-after-le-pen-s-meeting-in-moscow …
This is unemployment in France since 1995.
Four more charts to explain France's election here --> http://bit.ly/2nkAbhd pic.twitter.com/CbGXrnZUiu
This is how Le Pen's party's vote share has risen since 2002
Four more charts to explain France's election here --> http://bit.ly/2nkAbhd
France: Odoxa poll shows significant moves to the far-left. #Melenchon (GUE/NGL) #Arthaud (*) gain. #Sondage #Presidentielle2017
Isn't it now time for Hamon to drop out & endorse Mélenchon? Get behind the one with a chance, etc.—the way the left is always told to?
THE DEBATE - Party Over? French Socialists split ahead of presidential election (part 1) http://f24.my/11Eh.t
Greece...
The International Migration Organization & Greece to double incentive to rejected asylum seekers to decline appeals-from 500 to 1,000 euros.
PASOK issues warning after latest firebombing at HQ http://dlvr.it/Nn0Lp0
ND leads SYRIZA by more than 13 points in new poll http://dlvr.it/Nn0Lkn
#Greece Stylida Municipality to hold referendum over refugees accommodation center:
Eurogroup President Says No Expectations for Agreement by April 7 http://dlvr.it/Nmkpzx #Greece
Civil Servants, Policeman, Lawyer Among 25 Arrested in Sham Marriage Scheme http://dlvr.it/Nmkpls #Greece
Thirteen Indicted for Defense Contracts Signed when Papantoniou was Minister http://dlvr.it/NmjH6l #Greece
Closed Reception Centers will Reinforce Asylum Procedures, Says Migration Policy Min Mouzalas http://dlvr.it/NmYbs0 #Greece
IMF:Discussions continue but differences remain, and it is too early to speculate about the prospect for reaching a staff-level agreement
Marginal drop in #Greece time deposit rate, sharp decline in corporate lending rates in Feb https://shar.es/1QtFfp #economy #banking
#Greece FinMin sources say rumours of row between Tsakalotos & Tsipras are as well-grounded as claim marriage is main reason for divorce
FinMin sources add minister relieved that although man is only intelligent being in universe, there's not an infinite no. of fools on earth
No return of institutions to Athens yet as differences persist https://shar.es/1Qteo3 #Greece #economy
#Greece Alpha Bank reports net profits of 20 mln in Q4, leading 2016 earnings to 42 mln https://shar.es/1QtCq4 #economy #banking #markets
Italy....
Graffiti vandals damage Kentridge Rome frieze http://dlvr.it/NmZThT
Vespa wars: Italy fears sting of Trump trade barriers http://dlvr.it/NmVfXY
Rare happy ending in Mediterranean migrant drama http://dlvr.it/NmRmFg
Libya.....
EU extends sanctions on Agilah Saleh, Nuri Abu Sahmain and Khalifa Al-Ghweil
http://www.libyanexpress.com/eu-extends-sanctions-on-agilah-saleh-nuri-abu-sahmain-and-khalifa-al-ghweil/ …
Interesting piece written by Wolfgang Pusztai *The Failed Serraj Experiment of Libya*
IOM expects to fly up to 10000 migrants out of Libya in 2017 - Citizen TV (press release)
Meanwhile in central region, alleged pictures published on FB regarding a LNA unit managing a checkpoint last night at 20km from Sirte.
GNA arrived to Tripoli a year ago when USD exchange rate was 2.70. Today it's 7.2! Well done!
1- the Prez Council remains deeply divided, not representative & lacks real mandate & legitimacy. #Libya
2- the presidential council made all its decisions in clear violation of the very LPA that brought it into existence. #Libya
3- The only legitimacy that the Presidential Council has is its international legitimacy & recognition from foreign governments. #Libya
4- not to forget that in less nine months the the presidential council & LPA will expire. Unless some say we didn't start yet? #Libya
Libya map: Operations are resuming at Ras Lanuf after two weeks of suspension and Oil Crescent back to "normal" after hostilities #oilandgas
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