Overview.......
Asia Updates.......
$890M haircut, $2.7B murky liabilities and surprise! $1.5B operating loss @tculpan on the surreal Foxconn-Sharp deal http://www.bloomberg.com/gadfly/articles
Odd what is revealed when you look carefully at the numbers: Sharp reported operating loss of 170b yen vs earlier forecast 10b yen profit
S. Korean stocks open higher following U.S. gains http://bit.ly/1WYN6yh
S. Korea's industrial output rebounds 2.4 pct on-year in Feb. http://bit.ly/1M1qYmf
#China's largest #oil companies keep workers despite plunging profits due to unrest fears http://on.wsj.com/1ojRXy2
Are CBs coordinating to contain USD & avoid RMB shock? You can't blame them for trying. http://stawealth.com/wp-content/uploads/2014/05/STAWeeklyMarketReport03.28.16.pdf …
From earlier.......
Yellen-induced rally is continuing for a second day: Dow ends up 0.5% at 17716.66, highest closing level of the year
European Peripheral Corporate Bond Yields Tumble To Record Lows Ahead Of Draghi's Monetization http://www.zerohedge.com/news/2016-03-30/european-peripheral-corporate-bond-yields-tumble-record-lows-ahead-draghis-monetizat …
2y US yields drop to lowest since Feb. 25 on Fed outlook.
AP's Sinche: 10y spread moves in favor of US…yet Euro continues its climb. Spreads will win out, bringing Euro lower
Amazing. Ireland sells its first 100-year bonds for a yield of 2.35%. http://www.bloomberg.com/news/articles/2016-03-30/ireland-sells-first-100-year-bond-to-complete-comeback-trail … (Hi @LorcanRK
The yield on GER 10y bunds heads for the biggest quarterly slide in 5y, chart @BloombergTV http://goo.gl/jWWV2g
Moody's downgrading of China sovereign bonds outlook misses bigger picture: official http://xhne.ws/krEBS
Top deal-maker says Wall Street is ready to provide more cash to US #shale #oil companies http://fuelfix.com/blog/2016/03/30/u-s-oil-companies-only-halfway-done-tapping-wall-street-cash-this-year/ …
Bonds, Bullion, & Black Gold Bidless But Stock-Bounce Sticks http://www.zerohedge.com/news/2016-03-30/bonds-bullion-black-gold-bidless-stock-bounce-sticks …
US #Oil turns negative as Crude inventories rose to highest level in BBG DOE history.
In 1929, US #oil stocks peaked at 545.2m barrels. In the next month, the nearly 90-year old record could be beaten
#Petrodollar Watch: #SaudiArabia FX reserves drop below $600 billion to 4-year low as cheap #oil hurts #SWF #OPEC
#BREAKING Armed men storm pro-Tripoli TV station in Libya: staff journalists
Al-Ghweil: UN-imposed Presidential Council members are infiltrators, they should turn themselves in to authorities
http://www.libyaobserver.ly/news/al-ghweil-un-imposed-presidential-council-members-are-infiltrators-they-should-turn-themselves …
#Libya New UN-backed PM says will unify central bank and national oil corp.
Tripoli #Libya: Salah Badi at Martyrs Square. Forces allied with him appear to control the city center. Kara & Haitem's position unclear ATM
Brazil Posts Largest Budget Deficit Ever As Rousseff Cries "Coup," Olympic Ad Sales Top $1 Billion http://www.zerohedge.com/news/2016-03-30/brazil-posts-largest-budget-deficit-ever-rousseff-cries-coup-olympic-ad-sales-top-1- …
Brazil's collapsing GDP growth.
2010: 7.6%
2011: 3.9%
2012: 1.7%
2013: 2.7%
2014: 0.1%
2015: -3.1%
2016: -3.2%
Brazil's central bank said on Wednesday that U.S. dollar outflows totaled $2.573 billion in the calendar month through March 24.
Afghani children protest at an "open the borders" protest in central #Athens #Greece today. #RefugeeCrisis
#Greece #refugees protest in #Athens against EU-Turkey #migration agreement @AP_Images/ @PGiannakouris
#Austria Interior Minister: 'we will only approve asylum of #refugees we have to accept' http://dw.com/p/1IMNZ
My piece on disappointing outcome of today's high-level mtg in Geneva to expand resettlement of Syrian refugees: https://www.irinnews.org/news/2016/03/30/rich-countries-fall-way-short-syrian-refugee-resettlement …
Smuggling is a big business and only going to become bigger.
Italy:2000 arrivals today. In 2016 +7000 arrivals compared to 2015. Mainly African nationals fleeing Libya, an increasingly violent country
Still no sign of an end to NPL growth in Greece http://dlvr.it/KwndS4
Hoist Finance confirms discussion re strategic partnership w/ BoG on management of NPLs of 16 #Greece banks under liquidation (h/t potik
Opposition turns up the heat on the government http://dlvr.it/Kwnd4t
#Greece Alt FinMin pledged for payment of € 7 bln arrears to the private sector by end-2016 (via @capitalgr) #economy #ec #imf
Justice Minister backs BREXIT -safety concerns better addressed outside EU.
Brexit would be an economic and political catastrophe for everyone. http://ow.ly/1067ei
After banning senior staff from talking about "Brexit" with clients, BAML publishes this research note today...
No peace for @David_Cameron: polls say he should resign in the event of #Brexit http://sptnkne.ws/aWkj
Brexit could take up to 10 years to happen, warns former top civil servant http://tgr.ph/ytGxu7 #eureferendum
Post-Brexit Britain would probably end up with fewer and worse trade deals than it has now http://econ.st/1Pv1Mz9
Wow. Poll for French presidential 1st round 2017:
M Le Pen 27%
Sarkozy 21%
Hollande 16%
(If Juppé, 31%; Le Pen 26%)
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