Europe

Submitted by Michael Shedlock via MishTalk.com,

Axel Weber, former head of Germany’s central bank says the ECB is going to halt QE soon and hike rates by September.

Weber warns Markets Unprepared for Central Bank Shifts.

Investors are dangerously unprepared for a sharp rise in eurozone bond yields when US interest rates march higher and European quantitative easing ends, Axel Weber, chairman of UBS and the former head of the Bundesbank, has warned.

Italy Votes No, Renzi Resigns - Potential "Systemic Crisis In Eurozone"

Italy’s Prime Minister Matteo Renzi has said he will officially resign Monday, after voters apparently rejected his proposals for constitutional reform. What should investors keep an eye out for after his defeat?

• Italy Sinks Into Political Limbo as Defeat Sweeps Renzi Away (BBG)
• Investors Shrug Off Italy Referendum Result (WSJ); Markets Rise After Italy Turns Down Referendum (BBG)
• Italy’s ‘No’ Poses Trouble for Eurozone (WSJ)
• Oil tops $55 for first time in 16 months as OPEC deal fuels buying (Reuters)
• Merkel regrets Renzi resignation but will work with new Italy government (Reuters)
• Rescue of Italian bank Monte Paschi in danger after Renzi's defeat (Reuters)

Blink, and you missed the "sell off" from Italy's failed referendum vote.

There's so much hate out there. The EU has decided they're going to do something about it, god damn it. All of the damned, fucking, voters running astray this year must have the autocrats going apeshit trying to figure out ways to suppress populism. As such, the EU is demanding that US tech giants comply with their demands to curtail 'hate speech' else be literally forced to do so -- according to law. The laws are designed to protect migrants streaming into the EU, raping and pillaging along the way.

Europeans, you must comply.

source: Reuters