It is interesting to note how global markets in the past week and a half have consistently been in the red, and today the EU is in focus.
The main stream headline is that of the Eurozone's debt concerns. Which could be true, but the debt concerns have been there for the past 2-3 years, and the markets soared. With bailouts left and right.
So my theory is that perhaps it is not so much the debt issue that is really behind these 2-3% percent daily declines, but instead the markets are reacting to Illuminati insider knowledge of coming False Flag.
The false flag of course will be immediately blamed on another country, just as was the case with Iraq and Afgahnistan.
You be the judge.
London on alert after new al-Qaeda leader vows attacks to avenge bin Laden's death.
Taliban confirms new Al-Qaeda leader’s big plans for London
Source: (AHN) Reporter: AHN Staff
Location: London, United Kingdom Published: May 22, 2011 03:51 pm EDT
http://www.allheadlinenews.com/articles/90049246?London%20on%20alert%20after%20new%20al-Qaeda%20leader%20vows%20attacks%20to%20avenge%20bin%20Laden%27s%20death
British authorities have intensified security at various key installations after new Al-Qaeda leader Saif al-Adel promised devastating terror attacks across London to avenge the death of Osama bin Laden.
Taliban spokesman Ehsanullah Ehsan confirmed the newly appointed caretaker boss’ big plans for London. He said that Al-Adel sees the United Kingdom as Europe’s backbone and hence urged Islamic extremists to crush London.
Saif Al-Adel, 59, has been one of the FBI's most-wanted terrorists for the past 10 years. He is a former Egyptian special forces’ soldier and participated in the Russia-Afghanistan war in the 1980s.
To counter the terrorist attack threat, Transport Secretary Philip Hammond said that the British Transport Police were planning to allow 100 of its 2,900 officers to carry firearms on London’s trains, stations and urban metros for the first time. The announcement in this regard is expected later this week.
Security officers do not rule out the possibility of a Mumbai-style attack, which rocked main railway stations and hotels of the Indian financial capital in November 2008. More than 200 people died, mostly foreigners.
The latest threat came just hours after authorities directly linked April 2009’s Manchester "Easter shopping" bomb plot to bin Laden. According to files seized by American commandos in the Abbottabad raid, bin Laden himself plotted the Manchester attack. British police managed to arrest 11 Pakistanis and a Briton in connection with the case, but had to release them for lack of evidence.
Al-Adel’s threat also came less than a week before U.S. President Barack Obama’s visit to Britain as part of his weeklong trip to Europe.
=====================================================================
Stocks Tumble, Euro Weakens on Debt Concern
http://www.bloomberg.com/news/2011-05-23/asia-stocks-fall-most-in-two-months-euro-oil-drop-on-europe-debt-concern.htmly
Taliban confirms new Al-Qaeda leader’s big plans for London
Source: (AHN) Reporter: AHN Staff
Location: London, United Kingdom Published: May 22, 2011 03:51 pm EDT
http://www.allheadlinenews.com/articles/90049246?London%20on%20alert%20after%20new%20al-Qaeda%20leader%20vows%20attacks%20to%20avenge%20bin%20Laden%27s%20death
British authorities have intensified security at various key installations after new Al-Qaeda leader Saif al-Adel promised devastating terror attacks across London to avenge the death of Osama bin Laden.
Taliban spokesman Ehsanullah Ehsan confirmed the newly appointed caretaker boss’ big plans for London. He said that Al-Adel sees the United Kingdom as Europe’s backbone and hence urged Islamic extremists to crush London.
Saif Al-Adel, 59, has been one of the FBI's most-wanted terrorists for the past 10 years. He is a former Egyptian special forces’ soldier and participated in the Russia-Afghanistan war in the 1980s.
To counter the terrorist attack threat, Transport Secretary Philip Hammond said that the British Transport Police were planning to allow 100 of its 2,900 officers to carry firearms on London’s trains, stations and urban metros for the first time. The announcement in this regard is expected later this week.
Security officers do not rule out the possibility of a Mumbai-style attack, which rocked main railway stations and hotels of the Indian financial capital in November 2008. More than 200 people died, mostly foreigners.
The latest threat came just hours after authorities directly linked April 2009’s Manchester "Easter shopping" bomb plot to bin Laden. According to files seized by American commandos in the Abbottabad raid, bin Laden himself plotted the Manchester attack. British police managed to arrest 11 Pakistanis and a Briton in connection with the case, but had to release them for lack of evidence.
Al-Adel’s threat also came less than a week before U.S. President Barack Obama’s visit to Britain as part of his weeklong trip to Europe.
=====================================================================
Stocks Tumble, Euro Weakens on Debt Concern
http://www.bloomberg.com/news/2011-05-23/asia-stocks-fall-most-in-two-months-euro-oil-drop-on-europe-debt-concern.htmly
Stephen Kirkland and Rita Nazareth - May 23, 2011 12:06 PM GMT-0430
Global stocks sank the most in two months, while the euro slid to a record low versus the Swiss franc and commodities plunged, amid signs Europe’s government- debt crisis is worsening and the economic recovery is slowing. Costs to protect Greek debt from default surged to a record.
The MSCI All-Country World Index sank 1.9 percent at 12:33 p.m. in New York, its worst loss since March 15 on a closing basis, after the Shanghai Composite Index plunged the most since January. The Standard & Poor’s 500 Index retreated 1.2 percent. Italy’s FTSE MIB Index slid 3.3 percent as bonds tumbled in Ireland, Portugal, Greece, Spain and Italy, while U.S. Treasuries increased to near their highest levels of the year. The euro dipped below $1.40 for the first time since March 18. Oil and copper declined at least 2.2 percent.
U.S. equities followed European shares lower after Italy’s credit-rating outlook was cut by S&P on May 20 and Spanish Prime Minister Jose Luis Rodriguez Zapatero’s Socialist party suffered losses in local elections amid a backlash over austerity measures. A Federal Reserve Bank of Chicago economic gauge unexpectedly dropped below zero, European services and manufacturing growth slowed more than forecast and a report showed China’s manufacturing may expand at a slower pace.
“There’s bad news out there,” said Paul Zemsky, the New York-based head of asset allocation for ING Investment Management, which oversees $550 billion. “We’ve got doubts about European fiscal austerity and weaker economic data across the board. The thing that has driven the market higher -- earnings season -- just came to an end. People will be pulling money out of riskier assets.”
Three-Week Slump
The S&P 500 extended losses after dropping for three straight weeks, its longest slump since August. Industrial companies and commodity producers led declines among the index’s 10 main industry groups, all of which fell. Caterpillar Inc., Alcoa Inc. and DuPont Co. fell at least 2.5 percent to lead declines all 30 stocks in the Dow Jones Industrial Average.
The Chicago Fed national index, which draws on 85 economic indicators, was minus 0.45 in April versus 0.32 in March. A reading below zero indicates below-trend-growth in the national economy and a sign of easing pressures on future inflation.
The S&P 500 climbed to an almost three-year high on the final trading day of April. It has slumped 3.6 percent since as economic data trailed forecasts and investors prepared for the Federal Reserve to complete its $600 billion bond-purchase program at the end of June.
Citigroup Inc.’s U.S. Economic Surprise Index, which gauges the rate at which data is exceeding or missing estimates and reached a record in March, turned negative in May and is at its lowest level since August. It has risen only one day this month.
Earnings Season
The S&P 500 is still up about 4.5 percent in 2011 amid better-than-estimated profits. Per-share earnings topped analysts’ projections at 72 percent of the 455 companies in the index that released results since April 11, data compiled by Bloomberg show.
The yield on the 10-year U.S. Treasury declined five basis points to 3.10 percent today, while the two-year note yield slipped one basis point to 0.507 percent after touching 0.4950, the lowest this year.
The Dollar Index, which tracks the U.S. currency against those of six trading partners, climbed 1.2 percent, the most since May 5. The U.S. currency strengthened versus all 16 major peers. The yen appreciated against all 16 of its most-traded counterparts except the dollar, strengthening 1.1 percent versus the euro. The Norwegian krone, Swedish krona and Australian dollar weakened against most of their peers.
European Stocks
The Stoxx Europe 600 Index slid 1.7 percent, the most since March 15 on a closing basis, as all 19 industry groups declined. Ryanair Holding Plc tumbled 5.3 percent after Europe’s biggest discount airline said it will cut capacity for the first time in its history amid higher fuel costs. International Consolidated Airlines Group, the parent of British Airways, sank 5.1 percent and Air France-KLM (AF) Group slid 4.5 percent as Iceland’s weather office said ash from a volcanic eruption may reach the U.K. this week, threatening trans-Atlantic traffic.
Italy’s 10-year bond yield climbed three basis points to 4.81 percent, sending the spread with benchmark German bunds eight points wider to 179 basis points, the most since January. The Spanish-bund spread increased seven basis points to 250. The yield on the 10-year Greek security climbed 46 basis points to 17.03 percent, with the Irish yield rising to as high as euro- era record of 10.88 percent.
Default Risk
The Markit iTraxx SovX Western Europe Index of swaps on 15 governments rose by 13 basis points to a midprice of 202.5 and the euro depreciated as much as 0.8 percent to a record 1.23235 Swiss francs. Credit-default swaps on Greece soared 124.2 basis points to a record 1,470.8, according to data provider CMA. Ireland jumped 28.8 to 669.3, Portugal gained 34.7 to 674.2, while Italy increased 7.1 to 167.9 and Spain climbed 6.3 to 268.2, CMA data show.
European Central Bank Governing Council member Ewald Nowotny said the bank will accept Greek government bonds as collateral in its refinancing operations as long as the country maintains its consolidation program. ECB Council member Jens Weidmann said May 20 that the central bank may no longer be able to accept Greek bonds as collateral for refinancing operations.
More than a year after European policy makers approved a 750 billion-euro ($1.1 trillion) bailout blueprint to stem the sovereign crisis, bond yields in debt-laden peripheral countries are at record highs and officials are floating plans to extend Greek repayments. Hours before the May 20 S&P warning about Italy, Fitch Ratings cut Greece three levels and said it would consider an extension of maturities as a default.
‘Fearful Mood’
“The week is starting in a decidedly fearful mode,” Kit Juckes, head of foreign-exchange strategy at Societe Generale SA in London, wrote in a report today. The change of outlook on Italy also “amplifies the risk for contagion,” he said.
The yield on the 10-year German bund, the euro-region’s benchmark government security, fell four basis points to 3.01 percent.
Fitch Ratings revised Belgium’s rating outlook to negative from stable and affirmed its long- term foreign and local currency user default ratings at AA+.
The MSCI BRIC Index of the four biggest emerging markets lost 2.3 percent, extending its retreat from this year’s high on April 8 to more than 10 percent, the threshold that some analysts identify as a correction.
The Shanghai Composite tumbled the most four months after a preliminary purchasing managers’ index compiled by HSBC Holdings Plc and Markit Economics dropped to 51.1 in May from a final reading of 51.8 in April. India’s Bombay Stock Exchange Sensitive Index slid 1.8 percent after Finance Minister Pranab Mukherjee signaled concern about inflation. The Micex Index fell 1.9 percent after OAO Gazprom, Russia’s gas-export monopoly, was cut to “underperform” by Credit Suisse Group AG.
Copper dropped 3.4 percent to $3.98 a pound in New York and crude oil declined 2.2 percent to $97.34 a barrel. The S&P GSCI index of 24 commodities retreated 1.7 percent, the biggest slump since May 11.
The MSCI All-Country World Index sank 1.9 percent at 12:33 p.m. in New York, its worst loss since March 15 on a closing basis, after the Shanghai Composite Index plunged the most since January. The Standard & Poor’s 500 Index retreated 1.2 percent. Italy’s FTSE MIB Index slid 3.3 percent as bonds tumbled in Ireland, Portugal, Greece, Spain and Italy, while U.S. Treasuries increased to near their highest levels of the year. The euro dipped below $1.40 for the first time since March 18. Oil and copper declined at least 2.2 percent.
U.S. equities followed European shares lower after Italy’s credit-rating outlook was cut by S&P on May 20 and Spanish Prime Minister Jose Luis Rodriguez Zapatero’s Socialist party suffered losses in local elections amid a backlash over austerity measures. A Federal Reserve Bank of Chicago economic gauge unexpectedly dropped below zero, European services and manufacturing growth slowed more than forecast and a report showed China’s manufacturing may expand at a slower pace.
“There’s bad news out there,” said Paul Zemsky, the New York-based head of asset allocation for ING Investment Management, which oversees $550 billion. “We’ve got doubts about European fiscal austerity and weaker economic data across the board. The thing that has driven the market higher -- earnings season -- just came to an end. People will be pulling money out of riskier assets.”
Three-Week Slump
The S&P 500 extended losses after dropping for three straight weeks, its longest slump since August. Industrial companies and commodity producers led declines among the index’s 10 main industry groups, all of which fell. Caterpillar Inc., Alcoa Inc. and DuPont Co. fell at least 2.5 percent to lead declines all 30 stocks in the Dow Jones Industrial Average.
The Chicago Fed national index, which draws on 85 economic indicators, was minus 0.45 in April versus 0.32 in March. A reading below zero indicates below-trend-growth in the national economy and a sign of easing pressures on future inflation.
The S&P 500 climbed to an almost three-year high on the final trading day of April. It has slumped 3.6 percent since as economic data trailed forecasts and investors prepared for the Federal Reserve to complete its $600 billion bond-purchase program at the end of June.
Citigroup Inc.’s U.S. Economic Surprise Index, which gauges the rate at which data is exceeding or missing estimates and reached a record in March, turned negative in May and is at its lowest level since August. It has risen only one day this month.
Earnings Season
The S&P 500 is still up about 4.5 percent in 2011 amid better-than-estimated profits. Per-share earnings topped analysts’ projections at 72 percent of the 455 companies in the index that released results since April 11, data compiled by Bloomberg show.
The yield on the 10-year U.S. Treasury declined five basis points to 3.10 percent today, while the two-year note yield slipped one basis point to 0.507 percent after touching 0.4950, the lowest this year.
The Dollar Index, which tracks the U.S. currency against those of six trading partners, climbed 1.2 percent, the most since May 5. The U.S. currency strengthened versus all 16 major peers. The yen appreciated against all 16 of its most-traded counterparts except the dollar, strengthening 1.1 percent versus the euro. The Norwegian krone, Swedish krona and Australian dollar weakened against most of their peers.
European Stocks
The Stoxx Europe 600 Index slid 1.7 percent, the most since March 15 on a closing basis, as all 19 industry groups declined. Ryanair Holding Plc tumbled 5.3 percent after Europe’s biggest discount airline said it will cut capacity for the first time in its history amid higher fuel costs. International Consolidated Airlines Group, the parent of British Airways, sank 5.1 percent and Air France-KLM (AF) Group slid 4.5 percent as Iceland’s weather office said ash from a volcanic eruption may reach the U.K. this week, threatening trans-Atlantic traffic.
Italy’s 10-year bond yield climbed three basis points to 4.81 percent, sending the spread with benchmark German bunds eight points wider to 179 basis points, the most since January. The Spanish-bund spread increased seven basis points to 250. The yield on the 10-year Greek security climbed 46 basis points to 17.03 percent, with the Irish yield rising to as high as euro- era record of 10.88 percent.
Default Risk
The Markit iTraxx SovX Western Europe Index of swaps on 15 governments rose by 13 basis points to a midprice of 202.5 and the euro depreciated as much as 0.8 percent to a record 1.23235 Swiss francs. Credit-default swaps on Greece soared 124.2 basis points to a record 1,470.8, according to data provider CMA. Ireland jumped 28.8 to 669.3, Portugal gained 34.7 to 674.2, while Italy increased 7.1 to 167.9 and Spain climbed 6.3 to 268.2, CMA data show.
European Central Bank Governing Council member Ewald Nowotny said the bank will accept Greek government bonds as collateral in its refinancing operations as long as the country maintains its consolidation program. ECB Council member Jens Weidmann said May 20 that the central bank may no longer be able to accept Greek bonds as collateral for refinancing operations.
More than a year after European policy makers approved a 750 billion-euro ($1.1 trillion) bailout blueprint to stem the sovereign crisis, bond yields in debt-laden peripheral countries are at record highs and officials are floating plans to extend Greek repayments. Hours before the May 20 S&P warning about Italy, Fitch Ratings cut Greece three levels and said it would consider an extension of maturities as a default.
‘Fearful Mood’
“The week is starting in a decidedly fearful mode,” Kit Juckes, head of foreign-exchange strategy at Societe Generale SA in London, wrote in a report today. The change of outlook on Italy also “amplifies the risk for contagion,” he said.
The yield on the 10-year German bund, the euro-region’s benchmark government security, fell four basis points to 3.01 percent.
Fitch Ratings revised Belgium’s rating outlook to negative from stable and affirmed its long- term foreign and local currency user default ratings at AA+.
The MSCI BRIC Index of the four biggest emerging markets lost 2.3 percent, extending its retreat from this year’s high on April 8 to more than 10 percent, the threshold that some analysts identify as a correction.
The Shanghai Composite tumbled the most four months after a preliminary purchasing managers’ index compiled by HSBC Holdings Plc and Markit Economics dropped to 51.1 in May from a final reading of 51.8 in April. India’s Bombay Stock Exchange Sensitive Index slid 1.8 percent after Finance Minister Pranab Mukherjee signaled concern about inflation. The Micex Index fell 1.9 percent after OAO Gazprom, Russia’s gas-export monopoly, was cut to “underperform” by Credit Suisse Group AG.
Copper dropped 3.4 percent to $3.98 a pound in New York and crude oil declined 2.2 percent to $97.34 a barrel. The S&P GSCI index of 24 commodities retreated 1.7 percent, the biggest slump since May 11.
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