Europe

Back in November, Nils Smedegaard Andersen, CEO of Maersk, the world’s largest shipping company, gave the world a reality check when it comes to global growth and trade.

“The world’s economy is growing at a slower pace than the International Monetary Fund and other large forecasters are predicting” Andersen told Bloomberg. "We believe that global growth is slowing down [and that] trade is currently significantly weaker than it normally would be under the growth forecasts we see."

While algos patiently await the only thing that matters for US stocks today which is Janet Yellen's testimony before Congress. expected to be released at 8:30 am (and previewed here), the rest of the world this morning is a hot mess of schizophrenic highs and lows.

After a day of "rock solid" Lehman-isms, emergency bond buyback plans, and a stock price still unable to close green, Deutsche Bank is on the ropes (despite CNBC proclaiming that "it doesn't feel like a Lehman moment.") However, as dawn breaks across the motherland, something more insidious is breaking for Germany's largest bank.

The UK are sending up to 6,000 British troops and five warships to the Baltic as part of an operation to buildup Nato’s military presence against Russia.  Amid escalating tensions between Russia and NATO-backed allies, the UK have decided to significantly increase its presence with other European countries in the region, including Poland, Bulgaria, Romania, Latvia, Lithuania and Estonia. NATO say the increase in military on the Russian border is a more “muscular approach” against Russian President Vladimir Putin.

Submitted by Pater Tenebrarum via Acting-Man.com,

A Curious Collapse