Netherlands

Tyler Durden's picture

Massive Explosion Rocks Shell Oil Production Plant In The Netherlands





Moments ago a massive explosion, accompanied by a raging fire seen from miles away, has occurred at a Shell Oil production plant in Moerdijk, Netherlands, reports the Omroep Brabant. Two “enormously loud bangs” were reported by bystanders. Bystanders reported a pink flash of light followed by flames that were meters high.  According to a Dutch reporter, the explosion shook the neighborhood houses as if an earthquake occurred. Marieke van Wijk of the Safety Mid and West Brabant reports that the fire occurred during an exchange of services.

 
Tyler Durden's picture

A Quarter Of Europeans Are At Risk Of Poverty





Wondering why the extreme left (we are not happy and need moar bailouts) and extreme right (this European 'union' thing is not working out so well for us) have become so euro-skeptic? Perhaps the following chart from Bloomberg Brief's Niraj Shah will clear up any questions. The ratio of people at risk of poverty or social exclusion in the EU increased by 0.5 percentage points in 2012 to 24.8% or 124.2 million people, according to figures updated this week. The risk increased most in bailed-out nations Greece and Cyprus, where the rate rose by 3.6 and 2.5 percentage points, respectively. The Netherlands had the lowest risk at 15%.

 
Tyler Durden's picture

Here Come The Bilderbergs: The Complete 2014 Cast And Host Nation Breakdown





The only thing more ominous for the world than a Fed raising interest rates is a Bilderberg Group meeting. The concentration of politicians and business leaders has meant the organisation, founded at the Bilderberg Hotel near Arnhem in 1954, has faced accusations of secrecy. Meetings take place behind closed doors, with a ban on journalists. As InfoWars notes, the 2014 Bilderberg meeting in Copenhagen, Denmark is taking place amidst a climate of panic for many of the 120 globalists set to attend the secretive confab, with Russia’s intransigence on the crisis in Ukraine and the anti-EU revolution sweeping Europe posing a serious threat to the unipolar world order Bilderberg spent over 60 years helping to build.

 
Tyler Durden's picture

USDJPY Desperate To Drag S&P To All Time High





Following the only major overnight econ event, which was the May German IFO Business Climate Index which dropped from 111.2 to 110.4 missing expectations of 110.9, the USDJPY has been on a soaring rampage higher hoping to push equities along with it (because now that gold manipulation is a proven fact, it is only a matter of time before the link between manipulating the USDJPY on thin volume with massive leverage and rigging the equity market is uncovered too), and at last check was just shy of 102.000. For now equity futures have failed to be dragged along although with the S&P all time high just around the horizon, the psychological level of 1900 staring the rigged market in the face, and the weekend just around the corner, it is virtually assured that the S&P will close at an all time high today - after all the people need to be confident when they go shopping at malls with money they don't have (but delighted by paper profits they haven't booked) so they boost the US non-GAAP GDP (at least before like Italy, the BEA too changes the definition of GDP to include cocaine and hookers). Finally, assuring a (record?) low-volume levitation today is the early closure of the bond pit ahead of Memorial Day holiday which also means only a skeleton crew of algos will be frontrunning each other to push the S&P over 1,900.

 
Tyler Durden's picture

Risk-On Euphoria From China Manufacturing Fizzles After Latest Round Of Disappointing European Data





The key news overnight were global manufacturing PMIs which can be summarized as follows: Japan contraction; China contraction, but less than expected (as reported before); and most recently, Europe which expanded but dropped and missed, at 52.5, down from 53.4 and below the consensus estimate of 53.2. The weakness was fully driven by France which has moved back into a contraction phase in both manufacturing and services, which were 49.3 and 49.2, down from 51.2 and 50.4, respectively (although with the recent surge in train station remodelling, the mfg aspect may soon be boosted). The market soaked up the Chinese numbers with fervor, sending the algo-controlled USDJPY into a buying frenzy which in turn pushed up US equity futures, only to see a gradual fade of the Chinese euphoria when the European data hit.

 
Tyler Durden's picture

China "Sanctions" US, Bans Use Of Windows 8 On Government Computers





Considering the epic production and sales flop that Windows 8 has been, one probably does not need an actual sales ban from preventing anyone sane from using it let alone buying it, however in yet another symbolic step, banning its government employees from using the latest Windows operating system is precisely what China did in retaliation to yesterday's DOJ announcement it was charging five PLA members with hacking offenses against the US. According to Reuters, this latest blow to Microsoft came when the Central Government Procurement Center issued the ban as part of a notice on the use of energy-saving products. So Windows 8 lead to global warming? Who knew...

 
GoldCore's picture

ECB: Gold “Important” And No Plan To Sell Significant Quantity Of





The ECB, the Swiss National Bank (SNB) and the Riksbank of Sweden announced a new gold agreement this morning. They announced they have no plans to sell significant quantities of gold and reaffirmed the importance of gold bullion as a monetary reserve asset.

 
Tyler Durden's picture

Mega Merger Monday Bonanza Postponed Indefinitely As USDJPY Slides Under 200 DMA





It was supposed to be a blistering Mega Merger Monday following the news of both AT&T'a purchase of DirecTV and Pfizer's 15% boosted "final" offer for AstraZeneca. Instead it is shaping up to be not only a dud but maybe a drubbing, with AstraZeneca plunging after its board rejected the latest, greatest and last offer, European peripheral bond spreads resume blowing out again, whether on concerns about the massive Deutsche Bank capital raise or further fears that "radical parties" are gaining strength in Greece ahead of local elections. But the worst news for BTFDers is that not only did the USDJPY break its long-term support line as we showed on Friday, but this morning it is taking even more technician scalps after it dropped below its 200 DMA (101.23) which means that a retest of double digit support is now just a matter of time, as is a retest of how strong Abe's diapers are now that the Nikkei has slid to just above 14,000, while China, following its own weak housing sales data, saw the Shanghai Composite briefly dip under 2000 before closing just above it. Overall, it is shaping up to be a less than stellar day with zero econ news (hence no bullish flashing red headlines of horrible data) for the algos who bought Friday's late afternoon VIX slam-driven risk blast off.

 
Tyler Durden's picture

Frontrunning: May 16





  • Bank of England sees 'no housing bubble' (Independent)
  • ‘If the euro falls, Europe falls’ (FT)
  • India's pro-business Modi storms to historic election win (Reuters)
  • Global Growth Worries Climb (WSJ)
  • Bitcoin Foundation hit by resignations over new director (Reuters)
  • Blackstone Goes All In After the Flop (WSJ)
  • SAC's Steinberg loses bid for insider trading acquittal (Reuters)
  • Beats Satan: Republicans Paint Reid as Bogeyman in 2014 Senate Races (BBG)
  • Tech Firms, Small Startups Object to Paying for Internet 'Fast Lanes' (WSJ) - but they just provide liquidity
  • U.S. Warns Russia of Sanctions as Ukraine Troops Advance (BBG)
  • Major U.S. hedge funds sold 'momentum' Internet names in first-quarter (Reuters)
 
Tyler Durden's picture

Yen Carry Slide Drags Futures To Lows





The perfectly expected if completely irrational overnight ramp in various Yen carry pairs tried, and failed, and both the USDJPY and EURJPY were tumbling to overnight lows as we go to print. This is happening despite a rout in India in which Narendra Modi's opposition block is poised for the biggest Indian election win in 30 years, with his BJP party currently leading in 332 of 543 seat - an outcome that is seen as very pro business (and seemingly pro asset bubbles: the INR soared and the Sensex was up as much as 6% in intraday trading before paring virtually all gains following what many say was RBI intervention). And while the Nikkei (down 200 points) did not help the mood this move was mostly in response to yesterday's US selling, which means as usual the culprit for lack of algo risk-taking overnight has been the Yen carry, which moments ago hit intraday lows, and is increasingly flirting with the 101 level (after which double digits, and Abe's second resignation, come very quickly).

 
Tyler Durden's picture

Surge In Japan's Economy Pushes Futures Lower, But European GDP Miss Welcomed By Stocks





In this brave new centrally-planned world, where bad is good, very bad is very good, and everything is weather adjusted, Japan's blistering GDP report last night, printing at 5.9% on expectations of 4.3% was "bad" because it means less possibility for a boost in QE pushing futures lower, while the liquidity addicts were giddy with the GDP miss in Europe where everyone except Germany missed (as for the German beat, Goldman's crack theam of economic climatologists, said it was due to the weather), and the Eurozone as a whole came at 0.2%, half the forecast 0.4%, which in turn allowed futures to regain some of the lost ground.

 
Tyler Durden's picture

Frontrunning: May 13





  • EU Court: Google Must Remove Certain Links on Request (WSJ), people have right to be forgotten on Internet (Reuters)
  • Harsh weather: German Investor Confidence Drops for Fifth Straight Month (BBG)
  • More harsh weather: China Slowdown Deepens (BBG)
  • Harsh weather as far as the eye can see: China’s New Credit Declines (BBG)
  • "Alien" artist, surrealist H.R. Giger dies aged 74 (Reuters)
  • Pfizer urges AstraZeneca to talk as UK lawmakers slam offer (Reuters)
  • Property sector slowdown adds to China fears (FT)
  • Russia says EU sanctions will hurt Ukraine peace efforts (Reuters)
  • U.S. Considers Relaxing Crude Oil Export Restrictions (WSJ)
 
Pivotfarm's picture

US Middle-Class Is Going





Every wondered why the rest of the world envied the US middle-class? There were many reasons once, a long time ago and one of them was their affluence, their wealth, their ability to be able to afford whatever they wanted.

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