For more than 20 years, the German auto industry has been operating like a cartel, according to a new "bombshell" report, which has sent the shares of Germany's biggest automakers reeling.
Back in May, we pointed out an interesting observation made by Goldman: unlike late 2015 and most of 2016, when equities demonstrated surprising resilience to the swoon in oil prices, in 2017 OPEC's failure to stabilize oil prices finally hit energy equities disproportionately. As Goldman said in mid-May, discussing the latest crude oil selloff, which has been "even more pronounced for longer-dated contracts reflecting increasing concerns over future balances in 2018 and beyond"...
Authored by Kevin Muir via The Macro Tourist,
The euro's surge to an almost two-year high put a cap on the global market rally in Friday's quiet session, with most major exchanges consolidating after a second strong week of gains. The MSCI Asia-Pacific index declined for first time in ten days while the European Stoxx 600 index was fractionally in the green as were US equity futures ahead of earnings reports from General Electric, Honeywell, Schlumberger and others. Oil gained with Brent flirting with $50, zinc rallied along with most base metals.
Security measures in the building of the Bank of Greece in downtown Athens are not as good as they should be.
As KeepTalkingGreece reports, a crowd of anarchists from the well-known group Ruvikonas entered the Bank of Greece on Wednesday afternoon.
Some 20 people entered the Bank of Greece from a side entrance at 1:40 pm, threw leaflets and fled.
The Bank personnel tried to hide under the desks and behind counters, media reported.
Some of the leaflets read: