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World Stocks Hit Record High For 10th Consecutive Day In "No-Vol Nirvana"

World Stocks Hit Record High For 10th Consecutive Day In "No-Vol Nirvana"

The relentless risk levitation continued overnight, as global shares extended their stretch of consecutive record highs on Thursday for a 10th day after a cautious BOJ lifted Asian stocks to a decade high with a dovish announcement that offered no surprises, while pushing back Kuroda's 2% inflation target to 2020, the 6th consecutive delay. With all eyes on the ECB in just over an hour, US equity futures are in the green, following solid gains around the globe. European stocks extended their biggest gain in a week while Asian equities maintained their rally.

Bill Blain: Here Is Southern Europe's Next Tipping Point

Bill Blain: Here Is Southern Europe's Next Tipping Point

By Bill Blain of Mint Parnters

"The Braavosi have a saying too. The Iron Bank will have its due....”

One of the things that’s been niggling me for years has been the question of just how unfixed the European banking sector is.

This morning I’ve attached a note my associate Ben Stheeman and I have put together on Non-Performing Loans (NPLs) in Second Tier European Banking. It’s a simple look at the publically available numbers.

Judge Halts Shkreli Trial

Judge Halts Shkreli Trial

The trial of former Turing Pharmaceuticals CEO Martin Shkreli has been temporarily halted by Judge Kiyo Matsumoto after Shkreli’s lawyer objected emphatically as the prosecution planned to show jurors documents it claims are evidence of fraud committed by Shkreli, without calling witnesses to back them up, according to CNBC.

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