Germany

Eirexit Coming Up!?

Irish bureaucrats may bury their heads and ignore those questions, but the average guy on the streets of Ireland will easily spot the answers. Eirexit is just a matter of time.

"A Barrage Of Fed Speakers": The Key Events In The Coming Very Busy Week

As markets continue to digest the implications of the US election outcome, there is a host of data and Central Bank communication adding to the running narrative with Fed speakers appearing on every single day of the week. In addition to barrage of daily Fed speakers, including Chair Yellen, we get US inflation data, retail sales, housing data, empire manufacturing, industrial production and the Philly Fed.

Markets In Turmoil: Global Bond Bloodbath, Currency Rout Accelerates As Stocks Erase Early Gains

Monday started off where Friday left off, with the dollar surge continuing, pushing the DXY above 100 for the first time since December, global bond yields soaring, emerging market currencies tumbling, and the Yuan slammed below 6.85 for the first time. However, where Monday is different is that while European stocks and US index futures started off far higher, E-minis have now faded the entire overnight rally and are now red for the session, on concerns that the spike in yields will cap any more stock upside.

'Italeave' Looms As Italian Crisis Indicator Spikes To Record High After Trump Win

"The US election will help all those who have not had the courage to come out and say 'I will vote No'," proclaimed one of Italian PM Renzi's opponents as The FT reports the centre-left prime minister’s referendum on change is threatened by the global populist wave. Even before the US election, he faced a struggle to secure victory in the referendum, with most polls tilting in favor of voting 'No', albeit with many undecided voters, but opponents claim "many undecided voters in the polling booth will say ‘No No No’, just like Trump voters."

Chaos Ensues As Europe Splinters In Response To Trump: UK, France, Hungary Snub EU Emergency Meeting

Britain and France on Sunday night snubbed a contentious EU emergency meeting to align the bloc’s approach to Donald Trump’s election, exposing rifts in Europe over the US vote. Boris Johnson dropped out of the Brussels meeting, with officials arguing that it created an air of panic, while French foreign minister Ayrault opted to stay in Paris. Hungary’s foreign minister boycotted the meeting, labelling the response from some EU leaders as “hysterical”.

No, Protesters, You Are Not Entitled To Free Education

One of the recurring themes from these protestors being interviewed, primarily young people, was that Trump wasn’t going to do anything about student debt. "The truth is that they’re not interested in free education... They just want a free university degree... a piece of paper that confers neither education nor any guarantee of success in life."

NATO Panics As Putin Urges Trump To Force Alliance Withdrawal From Russian Border

A spokesman for Russian President Vladimir Putin urged President-elect Donald Trump to begin rebuilding the U.S.-Kremlin relationship by urging NATO to withdraw forces from the Russian border.  Dmitry Peskov told the Associated Press that such a move  "would lead to a kind of detente in Europe." Meanwhile, sensing a big change in the wind, NATO has started to panic.

"The Economic Peace Is Over" - Get Ready, Change Is Upon Us

"The political upheaval of Donald Trump is best understood through the lens of economic erosion suffered by the vast majority of people. If a democracy is measured in how well it serves the interests of the majority, the United States is not a democracy at all. Of course, nearly everyone already knows this. But it's been all but unspeakable in polite circles to say so. Now, it is finally becoming okay to voice."

Glut Fears Spike As Europe Runs Out Of On-Land Oil Storage

Oil majors in northwest Europe have booked tankers to store 9 million barrels of oil as the international supply glut grows in size, according to a ship-operator who spoke to Bloomberg. The companies have resorted to using tankers as storage as signs emerge that onshore storage is filling up on the land-starved continent.

Deutsche Warns Of Imminent "Domino Impact" For Stocks From Bond Carnage, Soaring Dollar

Sharp turn taken by commodities, after U.S. bond market “took down” EM assets Thursday, will add to EM pain, Deutsche Bank strategist Alan Ruskin writes. There’s signs that higher bond yields, “knock” of stronger USD are having a “domino impact,” taking down weakest risky assets first before moving on to next weakest.