TOP NEWS: Week 04/04 – 04/10

Weekend 04/09 & 04/10

Austria Just Announced A 54% Haircut Of Senior Creditors In First “Bail In” Under New European Rules – Zerohedge
IMF backs negative interest rates in some cases — even though critics call them a sign of desperation – Reuters
Has The Global Earnings Recession Finished, Morgan Stanley Asks And Answers – Zerohedge
Beijing risks ‘ERM-style’ currency crisis as deflation persists – telegraph
Meanwhile In Germany, An Unexpected Ad Appears – Zerohedge
“The Greater Depression Has Started” – Comparing 1930s & Today – Zerohedge
The End Is Near For Brazil’s Ultra-Corrupt Government – Zerohedge
Germany denies would mull legal action if ECB opts for ‘helicopter money’ – Reuters
First Denmark, Now Belgium Is Paying People To Take Out A Mortgage – Zerohedge


Friday 04/08

Relief for eurozone as German exports rise – business live – guardian

Yen Strength Trips Up U.S. Stocks – Bloomberg
For Albert Edwards, This Is The “One Failsafe Indicator” Of An Inevitable Recession – Zerohedge
Yen Surge Turns 105 Per Dollar Into Next Intervention Flashpoint – Bloomberg
BofA Notices Something Troubling: China’s Debt Bubble Has Burst – Zerohedge
When Will The BOJ Intervene: This Is What Wall Street Thinks Is Kuroda’s Breaking Point – Zerohedge
Big Junk Bond Sales Making Comeback as Funds Clamor for Yield – Bloomberg
Something Just Snapped In Saudi Money Markets – Zerohedge
China says G20 summit should be about economics, not politics – Reuters
The ECB Effect: European Telecom Issues Largest Ever Junk Bond After More Than 100% Upsizing – Zerohedge
Atlanta Fed Slashes Q1 GDP Estimate To Only 0.1%  – Zerohedge
Bond Managers Beware! Index Funds Are Coming for Your Money, Too – Bloomberg

U.K. Industry May Drag on Growth After Unexpected February Drop – Bloomberg

It’s a Great Time to Buy a Diamond, But Fewer People Want One – Bloomberg
China’s Monetary Easing Is Starting to Hit Home – Bloomberg

Three-way meeting to break Spain’s political deadlock ends in failure – elpais
Early Look: China’s Economy Likely Slowed in First Quarter; Green Shoots Emerging – wsj

Banks at Risk of Bad-Debt Blowout as Aussie Steelmaker Collapses – Bloomberg
Here’s why Japan won’t do anything about the crazy yen surge – businessinsider
As Peru’s Fujimori splits voters, race is on for runner-up – Reuters
Yen surge against dollar: Japan FinMin Taro Aso says government may act – cnbc


Thursday 04/07

US Fed dampens prospect of an April rate rise – business live – guardian

Verizon to Proceed With Yahoo Bid, Google Weighs Offer – Bloomberg
Yellen Says U.S. Near Full Employment, Some Slack Remains – Bloomberg

Japan to print additional ¥10,000 bills as more people stash their cash at home – japantimes
‘Brexit’ Would Damage London’s Role as Currencies Hub, Poll Says – Bloomberg
The $15 Minimum Wage Will Kill Jobs. Should You Care? – Bloomberg
ALBERT EDWARDS: A ‘tidal wave’ is coming that will throw the US into recession – businessinsider
London’s $5 Trillion Gold Hub Getting Ready for a Major Overhaul – Bloomberg

New Reasons to Worry About Europe’s Banks – Bloomberg

Euro zone banks should skip dividends to increase lending – BIS – Reuters

SocGen warns of ‘tidal wave of corporate default’ – cnbc
China forex reserves rise for 1st time in 5 months – Marketwatch
Giant China Copper Hoard Has Miners Grappling With Demand Enigma – Bloomberg
ECB could launch more stimulus, says Praet – Marketwatch

Foreign investors net buyers of Japan shares for first time in 2016 – Reuters
Asset quality remains major issue for China banks: Fitch – xinhuanet
BOJ’s Nagoya branch manager: Yen rises unlikely to have a big impact on his region – forexlive
Venezuela Declares Every Friday a Holiday to Save Electricity – Bloomberg
London Luxury-Apartment Sales Slump Triggers 20% Bulk Discounts – Bloomberg


Wednesday 04/06

Markets steady on better news from China – live updates – guardian

Buying Dollar Bills For $1.10 – Zerohedge
Brazil’s president gets one step closer to impeachment – Marketwatch
Oil Maintains Gains as U.S. Crude Supply Drops From 86-Year High – Bloomberg
Dutch Referendum May Have Unleashed European “Continental Crisis” – Zerohedge
Japan is Fast Approaching the Quantitative Limits of Quantitative Easing – Bloomberg
How Much Of S&P Earnings Growth Comes From Buybacks – Zerohedge
FOMC Minutes: Some “Favored April Rate Hike”, Everyone Blamed “Global” Risks – Zerohedge
Copper Turned Into Precious Metal as Miners Loath to Sell – Bloomberg
Active Managers Just Had Their Worst Quarter In 18 Years: Here’s Why – Zerohedge
Biggest Banks to Face Tougher Debt Limits to End Too-Big-to Fail – Bloomberg
Turkish Lira Drops on Calls for Rate Cut Amid Flight From Risk – Bloomberg
The $1 Trillion Short Underlying U.S. Stocks’ Spring Awakening – Bloomberg
Germany on Track for New EU Clash Over Bank-Failure Rules – Bloomberg
Kuwait Says Oil Producers Can Reach Output Freeze Without Iran – Bloomberg

‘Brexit’ No Barrier to U.K. Stock Valuations at Record Premium – Bloomberg

Global Bond Yield Plunges to Record-Low 1.3% in Warning Sign – Bloomberg

Glencore to sell $2.5bln stake in agri unit – Marketwatch
German industrial output hit by weak manufacturing – Marketwatch
Peru erupts in anti-Fujimori protests days ahead of elections – Reuters
Caixin China PMI shows faster expansion in March – Marketwatch
China: March data signals renewed expansion of Chinese business activity – markit



Tuesday 04/05

IMF and oil falls hit markets ahead of service sector updates – business live – guardian

Global Profits Recession Leaves Investors With Nowhere to Hide – Bloomberg
Inside The Biggest Short Squeeze Ever, A Surprise Emerges – Zerohedge
Atlanta Fed Q1 GDP Estimate Crashes To 0.4% – Zerohedge

Goldman’s Kostin Sees Buyback Break Threatening S&P 500 Advance – Bloomberg
Yen Carry Trade Snaps After 4 Week Bill Prices Deep Below Fed Funds – Zerohedge
Panama Papers: Emerging Markets & Hidden Money – barrons
Markit, ISM Paint Conflicting Pictures Of US Service Economy; Market Focuses On The More Bullish One – Zerohedge
Pfizer to scuttle its $150 billion Allergan takeover – Marketwatch
The ECB Explains Why Central Banks Can’t Go Bankrupt in a Footnote – Bloomberg

IMF’s Lagarde Says Risks to Weak Global Recovery Are Increasing – Bloomberg
India cuts interest rates to five-year low – BBC
German 10-Year Bonds Advance, Pushing Yield to Lowest in a Year – Bloomberg

Eurozone growth remains subdued during opening quarter of 2016 – markit

German service providers report weakest rise in new business since last October – markit

French service providers report stable activity in March – markit

Italy: Business activity rises at slowest rate for over a year in March – markit

Saudis Want to Double Their Stock Market for a Post-Oil Economy – Bloomberg
Brazil’s political paralysis leaves industry in free fall – Bloomberg
Spain: Fastest increase in activity in four months – markit

German Factory Orders Unexpectedly Decline on Exports Slowdown – Bloomberg

BBVA Could Close 2,800 Branches in CEO’s Long-Term Digital Shift – Bloomberg

China Said to Plan $155 Billion of Sour Loan-Equity Swaps – Bloomberg

RBA’s Stevens Keeps Benchmark Interest Rate at 2% (Full Text) – Bloomberg



Monday 04/04

IMF denies claim it threatened to pull out of Greek bailout – business live – guardian

How negative interest rates could lead to a world without cash – Marketwatch
World’s Best Stock Rally in Peril as Peru Politics Sink Sol – Bloomberg
Copper on Worst Run in Two Years as Barclays Sees Deterioration – Bloomberg

Germany To Greece: No Debt Relief For You – Zerohedge
Orange-Bouygues Deal Collapse Ends Months of Tense Diplomacy – Bloomberg
Greece’s Euro Future May Be Back in Play If Rescue Talks Drag On – Bloomberg
Swiss Privacy Angst Keeps Cash Sacred as New Banknotes Unveiled – Bloomberg
Banks Have a Panama Problem – Bloomberg
Biggest Ever Saudi Overhaul Targets $100 Billion of Revenue – Bloomberg

Japan Pension Fund’s New Bookworm Boss Is Unbowed by Topix Slump – Bloomberg
News analysis: Economic indicators signal recovery of Chinese economy – xinhuanet
To Buy or Not to Buy? Russia Rally Has Investors, Analysts Split – Bloomberg

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