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S&P Futs Near All Time High On Strong Euro Data; Oil Drops On Trump's SPR Sale Plans

May 23, 2017 - 9:05pm
S&P Futs Near All Time High On Strong Euro Data; Oil Drops On Trump's SPR Sale Plans

S&P futures rose alongside European stocks as Asian shares posted modest declines. The euro set a new six-month high and European bourses rose as PMI data from Germany and France signaled that the ECB will have to tighten soon as Europe's recovery remains on track, with the German Ifo business confidence printing at the highest level on record, and hinting at a GDP print in the 5% range. Oil declined after the Trump budget proposal suggested selling half the crude held in the US strategic petroleum reserve.

World Money: Five Hidden Signals From The IMF

May 18, 2017 - 4:00pm
World Money: Five Hidden Signals From The IMF

Authored by Craig Wilson via The Daily Reckoning blog,
Less than a month ago a handful of the world’s policy makers gathered in Washington at the International Monetary Fund (IMF), no surprising headlines were run - but an obscure meeting and a discreet report launched exclusive signals for the next global economic crisis.

"It Is Profitable to Let the World Go to Hell": Will Capitalism Doom the Planet?

April 27, 2017 - 2:00pm
"It Is Profitable to Let the World Go to Hell": Will Capitalism Doom the Planet?

World Bank President Jim Yong Kim (left) with Ministry of Economy and Finance of Peru Segura Vasi (center) and International Monetary Fund Managing Director Christine Lagarde (right) at the 2015 Spring Meetings in Washington, DC, on April 16, 2015. (Photo: Dominic Chavez / World Bank)

The IMF Is Not Done Destroying Greece Yet

April 25, 2017 - 7:00pm
The IMF Is Not Done Destroying Greece Yet

Authored by Raul Ilargi Meijer via The Automatic Earth blog,
Austerity is over, proclaimed the IMF this week. And no doubt attributed that to the ‘successful’ period of ‘five years of belt tightening’ a.k.a. ‘gradual fiscal consolidation’ it has, along with its econo-religious ilk, imposed on many of the world’s people. Only, it’s not true of course. Austerity is not over. You can ask many of those same people about that. It’s certainly not true in Greece.
IMF Says Austerity Is Over

European, US Stocks In Eerie Calm As French Vote Looms

April 21, 2017 - 8:45pm
European, US Stocks In Eerie Calm As French Vote Looms

Global markets were oddly calm on Friday, the last day of trading before the first round of France's closely fought presidential election, with European stocks posting modest declines ahead of Sunday's main event, Asian shares rising, and set for first weekly gain in the past month, while U.S. futures were unchanged. French bond yields hit three-months low even as the euro has seen some recent weakness.

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