France

Tyler Durden's picture

Millionaires Are Fleeing Chicago In Record Numbers





Millionaires are leaving Chicago more than any other city in the United States on a net basis, according to a report by New World Wealth. About 3,000 individuals with net assets of $1 million or more (not including their primary residence) moved from the city last year, representing about 2% of the city's high net worth individuals.  It is unclear where they went: cities in the United States that saw a net inflow of millionaires included Seattle and San Francisco. One thing is certain: they couldn't wait to get out. 

 
Tyler Durden's picture

Squeezed By Rivals, Al Qaeda Fights To Stay Relevant





A string of unusual attacks by al Qaeda's North African branch could shed some light on the jihadist group's latest predicament. Pressure is mounting on al Qaeda in the Islamic Maghreb (AQIM) to counter the Islamic State's growing encroachment on its territory, resources and pool of recruits. The rise of an effective rival for the helm of global jihadism has forced al Qaeda to step up its game, especially in areas where it has been weakened.

 
Tyler Durden's picture

Stocks Rebound In Calm Trading On Back Of Stronger Crude, Dollar





Unlike yesterday's overnight session, which saw some subtantial carry FX volatility and tumbling European yields in the aftermath of the TSY's anti-inversion decree, leading to a return of fears that the next leg down in markets is upon us, the overnight session has been far calmer, assisted in no small part by the latest China Caixin Services PMI, which rose from 51.2 to 52.2. Adding to the overnight rebound was crude, which saw a big bounce following yesterday's API inventory data, according to which crude had its biggest inventory draw in 2016, resulting in WTI rising as high as $37.15 overnight

 
Tyler Durden's picture

All Quiet On The Eurasian Front





What’s left for the Empire of Chaos in the Eurasian front is the wishful thinking of attempting to encircle both Russia and China, while both keep actually expanding all across the Eurasian Heartland, shedding US dollars and buying gold, signing a flurry of contracts in yuan and selling oil and gas to all and sundry.

 
Tyler Durden's picture

Triffin's Paradox Revisited: Crunch-Time For The U.S. Dollar & The Global Economy





While all eyes on fixated on global stock markets as the measure of "prosperity" and "growth" (or is it hubris?), the larger force at work beneath the dovish cooing of central bankers is foreign exchange. The reality is that we're one panic away from foreign-exchange markets ripping free of central bank manipulation.

 
Tyler Durden's picture

"Risk Off" - Global Stocks Slide As Yen Surges To 17 Month High; Bund Yields Plunge





The market's slumberous levitation of the past month, in which yesterday's -0.3% drop was the second largest in 4 weeks and in which the market had gone for 15 consecutive days without a 1% S&P 500 move (in March 2015 the sasme streak ended at day 16) may be about to end, after an overnight session, the polar opposite of yesterday's smooth sailing, which has seen a sudden return of global risk off mood.

 
Tyler Durden's picture

ISIS In Europe: How Deep Is The "Gray Zone"?





How many Muslims will this ISIS virus be able to infect in the vast European "gray zone"? The answer will determine our future.

 
Tyler Durden's picture

Frontrunning: April 4





  • Ties between Germany and Russia enter new chill (Reuters)
  • Tax authorities begin probes into some people named in Panama Papers leak (Reuters)
  • SEC investigates ex-JPMorgan debt traders (FT)
  • Who Will Win Wisconsin? Here Are Six Credible Predictions (BBG)
  • Victim in Wall St. Scheme Was a Classmate of Its Accused Architect (NYT)
 
Tyler Durden's picture

Global Stocks Rise, Europe Rebounds As Oil Halts Decline





In a quiet start to the week following last week's surprisingly strong rebound which followed a stronger than expected jobs report (perhaps to demonstrate that good news is once again good news), Japan stocks continued to sink as the USDJPY dropped to fresh lows, while commodities declined for a fifth day as the supply glut from crude to copper weighed on prices, dragging down commodity currencies. European equities rose, rebounding from a one-month low.

 
Tyler Durden's picture

Canada Goes Full-Krugman, Jacks Up Borrowing And Spending, Confirms Gold Sale





In his youth, Morneau completed graduate studies at the London School of Economics and INSEAD in France, where, as Talleyrand would have said: “He learned nothing and forgot nothing.” The result, as might be expected, was a Canadian budget that was pure Keynes/ Krugman, with a bit of Larry Summers thrown in.

 
Tyler Durden's picture

Japan Stocks Plunge; Europe, U.S. Futures, Oil Lower Ahead Of Payrolls





For Japan, the post "Shanghai Summit" world is turning ugly, fast, because as a result of the sliding dollar, a key demand of China which has been delighted by the recent dovish words and actions of Janet Yellen, both Japan's and Europe's stock markets have been sacrificed at the whims of their suddenly soaring currencies. Which is why when Japanese stocks tumbled the most in 7 weeks, sinking 3.5%, to a one month low of 16,164 (after the Yen continued strengthening and the Tankan confidence index plunged to a 3 year low) it was anything but an April fool's joke to both local traders.

 
Tyler Durden's picture

Large Explosion In Paris Due To "Gas Leak," Not Terror Police Say





Authorities have now attributed the blast to a gas leak.

 
Tyler Durden's picture

Dozens Arrested, Tear Gas Deployed As French Labor Reform Protests Turn Violent





Police have used tear gas to disperse activists in Paris who are protesting new labor reforms. In Paris demonstrators threw bottles with flammable liquid and stones at police officers.  In the city of Nantes demonstrators tried to storm the town hall and smash windows.

 
Tyler Durden's picture

On Final Day Of Extremely Volatile Quarter, Futures Trade Modestly Lower





On the last day of an extremely volatile first quarter, following the latest torrid push higher in risk assets over the past two days following Yellen's dovish Tuesday comments, today has seen a modest pull back in risk, whether because the market is massively overbought, because someone finally looked at what record multiple expansion that has taken place in Q1 as earnings are set to collapse by nearly 10%, or simply due to fears that tomorrow's payrolls number will show an abnormal amount of minimum wage waiters and bartenders added.

 
Syndicate content
Do NOT follow this link or you will be banned from the site!