Ireland

Europe Slides For Third Day As Oil Attempts A Rebound; US Futures Flat

US equity futures were marginally in the red, while Asian markets rose and European stocks dropped. WTI oil rose 0.61% to $42.79 as some suggest the time to go long has arrived; oil tumbled 2.3% in the previous session. The Bloomberg Dollar Spot Index fell 0.1 percent.

Argentina Unexpectedly Announces Sale Of 100-Year Bonds

One year after Argentina emerged from its latest sovereign bankruptcy, and at a time when the Latin American nation grapples with a surging budget deficit, Argentina surprised markets by announcing its intention to sell its first 100-year bond, taking advantage of a world starved for yield.

"Clear As Mud" Brexit Negotiations Officially Begin: Here's What To Expect

Today Britain and the EU officially begin the first day of formal Brexit negotiations, "aiming for a constructive, orderly launch that avoids a noisy clash on the big policy differences over Britain’s exit", according to the FT although the sellside reaction was decidedly less optimistic, as summarized by SocGen's Kit Juckes who in previewing today's events said that he expects "nothing because the UK position is as clear as mud.'

70% Of UK Supports Pushing Ahead With Brexit Despite Election Upset

Despite Prime Minister Theresa May’s embarrassing performance earlier this month in a snap election that cost her Conservative party its parliamentary 'majority', more than 70% of Britons still believe the government should push ahead with Brexit – even after the election sparked exclamations from the left for a second referendum...

Theresa May Says She Will Form A Government With Support Of DUP Party

The prime minister is headed back to Downing 10 after meeting with the Queen shortly after midday to seek permission from the Queen to form a new government despite the Tories winning just 318 seats in Thursday’s general election, eight short of the 326 needed to secure a majority on their own.

Of Queen & Country, God And Guns

"My American friends, you are surely aware that you don’t have to own a gun to fight like hell to retain your right to bear arms, as well as the freedom to play anything you damn well please on your karaoke machines. Preserve those rights, defend them, they are more precious than you know. Never sell them. Never soften."

Third London Terrorist Named As 22-Year-Old Youssef Zaghba

British police on Tuesday named the third London Bridge attacker as Youssef Zaghba, a 22-year-old Italian of Moroccan descent who lived in East London. Reports said Zaghba, who was born in Fez in 1995, attempted to fly to Turkey and travel onwards to Syria last year but was stopped at Bologna airport.

ECB Warns Of "Excessive Exuberance" In House Prices; Sees Financial Instability Due To Higher Yields

In an unexpected two-part warning from the ECB, the European Central Bank warned of “excessive exuberance” in some European housing markets, driven by offshore buyers, that could spread to other areas in a “ripple effect.” Separately, the ECB also said "debt-sustainability concerns" have risen in the past six months amid a potential increase in yields and political uncertainty in some countries.