Europe

"Forgive the macros – they know not what they do."

As European countries deal with the current refugee crisis, each is taking a slightly different approach in response to the escalating situation. In Norway, which has been shocked by the unfolding events in neighboring Sweden which has seen a mass revulsion at the ongoing refugee onslaught (and which recently announced it won't accept any more refugees from the EU) the answer appears to be the simplest possible one: offer asylum seekers money to leave.

Asylum seekers at the Bjørnebekk asylum centre in Ås

An American mother was forced to dump almost four gallons of breast milk at Heathrow Airport’s security. On a facebook post, mother of two Jessica Coakley Martinez explained in detail how she was made to give up the breast milk she had pumped and frozen to supply her eight-month-old son with. The amount accounted for two week’s worth of food for the child while they were travelling. USA Today reports: “This wasn’t some rare bottle of wine or luxury perfume I was trying to negotiate as a carry on,” Martinez writes in a 1,588-word Facebook post to Heathrow security.

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With the Fed decision just one day away, followed the very next day by the increasingly more irrational BOJ, stocks had no desire to make significant moves and overnight's boring session was the result, as European stocks and U.S. index futures rose modestly but mostly hugged the flatline while Asian declined 0.2% for a third day as raw-material shares declined and Tokyo equities slumped before central bank meetings in the U.S. and Japan this week. China’s stocks rose the most in almost two weeks, up 0.6% but failed to rise above 3000 on the Shanghai Composite, in thin trading.