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Thursday, February 6, 2014
Greek Government’s Maneuver to Avoid Conflict
Greek Festival coming up Feb. 21-23
SYRIZA Frets Over Candidate’s Rant
SYRIZA officials will discuss the fate of a party candidate for Western Macedonia Governor who had anti-Semitic and pro-Golden Dawn sentiments on his Facebook page.
The post SYRIZA Frets Over Candidate’s Rant appeared first on The National Herald.
UN Chief Blasts Anti-Gay Sochi
U.N. Secretary-General Ban Ki-moon condemned attacks and discrimination against homosexuals 6, touching on the gay rights issue in Russia that overshadowed preparations for the Sochi Olympics.
The post UN Chief Blasts Anti-Gay Sochi appeared first on The National Herald.
Tsipras Says He’d Stiff Troika
SYRIZA leader Alexis Tsipras says if he ever comes to power, he would revise the terms of international bailouts and give the lenders a 33 percent haircut on what Greece owes.
The post Tsipras Says He’d Stiff Troika appeared first on The National Herald.
Many Tributes for Alexandros Petersen
NEW YORK – Friends, colleagues, and the Greek-American community are mourning the tragic death Alexandros Petersen, who was one of 21 people who died in a suicide bombing and attack in Kabul. The January 17 attack, the worst on civilians since the war began, was apparently done by the Taliban. Petersen, praised for his brilliance […]
The post Many Tributes for Alexandros Petersen appeared first on The National Herald.
EU considers 50-year loans for Greece
Greece's NBG plans 3 billion euros in corporate loans this year
Greece Is Still Bankrupt
Greek state hospital workers go on nationwide strike
Man arrested after allegedly posing as earthquake official in Greece following ...
Greek politician says his PM heading Jewish plot
Greek Doctors Protest Outside Ministry of Health
Vinci Targets Airports in Chile, Peru, Greece to Tap Traffic
Greek politician accuses prime minister of heading Jewish conspiracy
Greece to privatise power grid operator to help island tourism
Businessman, 64, arrested for debts to the state
EOPYY doctors protest outside Health Ministry
Italy rescues more than 1,100 migrants in rafts south of Sicily
Rescue from overcrowded rafts comes as seven die while trying to swim from Morocco to Spanish enclave of Ceuta
The Italian navy has rescued more than 1,100 migrants from nine large rafts in the waters south of Sicily.
Patrol helicopters identified the overcrowded rafts about 120 miles south-east of Lampedusa on Wednesday and four navy vessels participated in the rescue which ended early on Thursday. The navy gave no details about the nationalities of the migrants.
Meanwhile Moroccan authorities say emergency services have recovered the bodies of seven people who drowned after attempting to swim to the Spanish enclave of Ceuta. Authorities told the state news agency that at least 200 migrants tried to swim to the enclave, which is on a peninsula jutting out from the Moroccan shore.
Italy is a major gateway into Europe for migrants, and sea arrivals more than tripled in 2013 from the previous year, fuelled by Syria's civil war and strife in the Horn of Africa.
In October, 366 Eritreans drowned in a shipwreck near the shore of the Italian island of Lampedusa, which is located about halfway between Sicily and Tunisia. More than 200, mostly Syrians, died in another shipwreck a week later.
With two Spanish enclaves on its coast, Morocco is a magnet for immigrants from all over Africa seeking jobs in Europe.
Every month, hundreds of immigrants attempt to force their way into Ceuta, near the city of Tetouan, and Melilla to the east.
Over the past two decades, Italy, Greece and the Mediterranean island of Malta have borne the brunt of migrant flows and have urged the EU to make a more robust and coordinated response.
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Here's A 5-Second Guide To What Traders Are Chatting About Right Now
Dave Lutz of Stifel Nicolaus has a roundup of what traders are chatting about ahead of the U.S. market open:
Good Morning! US Futures are off small, but remain off the lows of the overnight. Seems quiet out there, with Traders unwilling to take big bets ahead of PMI Services today (representing roughly 80% of our economy) – and ADP, both which will set the tone for NFP Friday. EM remains stable, with the FX basket higher against the $, and most CDS coming off peaks quick. Some stress remains in Ukraine, where their FX is barely bouncing despite the smackdown yesterday, and their CDS remains elevated. In Europe, we are getting solid PMI data, but Germany remains under slight pressure ahead of the ECB decision tomorrow. EU Fins continue their upward trajectory, however, as Yields across the PIIGS all drop on another Greek bailout (but not “haircuts”), and PMI in Spain jumping with unemployment reversing lower, a first in 6 years. While China remained closed, Hong Kong lost 60bp, and Japan had a very “tepid” bounce despite some solid earnings reports. EM Asia was mostly higher, but Aussie lost another 50bp as the RBA’s hawkish tone weighs heavy. Globally, Financials were in favor, along with Technology – while Materials and Industrials seem the biggest weights. Some Single Stock US movers include MU +3% (Moody’s u/g), ZNGA +2% - While Losers include LVS -3.5% (Macau), INTC -1%.
The 10YY is unchanged, after failing an attempt to get upside y’days 2.63% peak. Credit folks will be watching Munis with Puerto Rico downgraded to Junk, a well expected move. Stress has come off some of the Treasury Bills maturing in March, as signs indicate the House to accept a “clean” bill raising the debt ceiling. The $ is losing ground to both Euro and Yen – and the bulls are watching the “Carry Trade” reversing most of yesterday’s gains with the $-Yen cross struggling to stay upside 100dma this morning. With the DXY lower, we have a tailwind for commodities – and we continue to see upticks in some Industrial metals like Silver and Copper, and Gold 50bp higher as it gears to test the 100dma again. WTI is higher, not only from Inventory data, but reports of “limited” exports to Europe nearing. Nat Gas is off 1%, as investors take profits after yesterday’s pop higher, and the CME hikes margins again – a 2nd time in a week. We have a day chock full of important catalysts – starting with ADP employment at 8:15, at 10 the double whammy of our Services PMI, and the “Online Help Wanted Index”. At 10:30 we get DOE data for Crude – and 2 Fed speakers chatting on the Economy: Plosser at 12:30, and Lacker at 1:40, both among the largest “hawks” – We also have a rare Double POMO day – a small $.85-$1.15B buy at 11, followed by a larger $2.5-$3B buy at 2:15.
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