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May 26, 2014

YouTube | Al Jazeera English has uploaded Libya's renegade general: Saviour or coup leader?

Al Jazeera English has uploaded Libya's renegade general: Saviour or coup leader?

Al Jazeera English

On The Stream: Is Libya's renegade general, Khalifa Haftar, leading a military coup or trying to curb the influence of militias?

Former ECB board member calls world financial system 'pure fiction'. GATA | THE GATA DISPATCH -May 26, 2014-.

Former ECB board member calls world financial system 'pure fiction'

Submitted by cpowell on 06:30PM ET Monday, May 26, 2014. Section: Daily Dispatches 9:29p ET Monday, May 26, 2014
Dear Friend of GATA and Gold:
Former Bundesbank vice president and former European Central Bank board member Jurgen Stark told a conference held by the Ludwig von Mises Institute in Munich this month that the entire world financial system is "pure fiction" and vulnerable to collapse, built on the premise of infinite money created by central banks without regard to the goods and services available.
An account of Start's remarks is provided by the Spanish financial news Internet site Oro Y Finanzes and it's easily understood when opened by a Google Chrome browser and run through Google Translator:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

YouTube | RT has uploaded Peter Schiff please come back to libertarianism and capitalism!.

RT has uploaded Peter Schiff please come back to libertarianism and capitalism!


Watch the full Keiser Report: Tuesday

YouTube | Al Jazeera English has uploaded Ukraine troops attack Donetsk airport rebels.

Al Jazeera English has uploaded Ukraine troops attack Donetsk airport rebels

Al Jazeera English

One day after Ukraine's Presidential election, further significant fighting has flared up in the east.

Pro-Russia separatists are occupying the airport in the eastern capital of Donetsk.

Ukraine's military has launched a major offensive to get it back, including airstrikes.

Al Jazeera's Hoda Abdel-Hamid reports from Donetsk.

European Markets at Close Report by MarketWatch - May 26, 2014: Europe stocks rise; Italian banks soar after elections Draghi hints of potential easing measures next week.

MADRID (MarketWatch) — European stock markets closed higher Monday, with Italian banks soaring after European Parliamentary election results, while more hints of easing next week from European Central Bank President Mario Draghi also buoyed stocks.
Volumes were held back by holidays in both the U.K. and U.S. Wall Street stock futures were trading higher after a blockbuster day for markets on Friday. 

The Stoxx Europe 600 index XX:SXXP +0.57%  rose 0.56% to close at 343.69, after posting its sixth straight weekly rise on Friday. Markets were inspired by upbeat U.S. housing data that also pushed the S&P 500 SPX +0.42%  to close above 1,900 for the first time.
Among Europe’s top gainers, Atos FR:ATO +6.22%  closed up 6.22% after the French IT services company offered $844.44 million to buy rival Bull SE FR:BULL +21.95% , whose shares soared 21%. Atos said it will launch a public tender offer at 4.9 euros a share in cash, a 22% premium to Bull’s closing price on Friday, the Wall Street Journal reported.
On the downside, shares of Getinge AB SE:GETIB -10.29%  were down 10.29% after the global medical technology company said it will postpone its capital markets day planned for May 27. The delay is due to recent communications with the U.S. Food & Drug Administration, the company said in a statement on Sunday, without providing details.
German stocks notched solid performances, with the DAX 30 index DX:DAX +1.28%  closing up 1.28% to 9,875.20, led by a 2% rise for Daimler AG DE:DAI +1.98%  and a 1.55% gain for BMW AG DE:BMW +1.51% . GfK Institute’s forward-looking indicator is expected to be 8.5 in June, stabilizing at a high level and suggesting that German consumer sentiment has improved.
The euro EURUSD +0.18%  rose to $1.3645 from $1.3630 in North American trade late Friday. The ECB’s Draghi said the central bank needs to be “particularly watchful” for a negative spiral between low inflation, falling inflation expectations and credit, particularly in stressed countries. The euro remains near 3-month lows, however, since hints of easing from the ECB in early May.
“There is a risk that disinflationary expectations take hold, triggering a delay in purchases,” said Draghi, who was speaking at the ECB Forum near Lisbon on Monday. “We are not resigned to allowing inflation to remain too low for too long,” he said, the latest sign the ECB will take fresh easing measures when it meets next week. 

Italian stocks were the best performers in Europe, with the FTSE MIB index XX:FTSEMIB +3.61% closing up 1.83% to 20,745.00. Banks led the move, with UniCredit SpA IT:UCG +4.82% closing up 4.82% and Banca Popolare di Milano S.C.A.R.L. IT:PMI +7.16% ending the day up 7.15%.
Those gains came after Italian Prime Minister Matteo Renzi’s center-left Democratic Party appeared to have fought off a challenge from a rival euroskeptic party headed by comic Beppe Grillo. Garnering 41% of the vote, based on near-final official data, the showing of support for Renzi’s party will help his three-month old government push through major reforms to the Italian economy.
Overall, though Europe’s Parliamentary elections on Sunday resulted in strong gains for anti-European Union and far-right parties. They won the biggest share of the vote in France, where a quarter of votes were cast for the far-right National Front, and also had a strong showing in the U.K., Greece and Denmark. Early results showed the U.K. Independence Party beating both Conservatives and Labour, which would be the first time such an election has not been won by either of those two parties since 1920, according to media reports.
In France, the CAC 40 index FR:PX1 +0.75%  rose 0.75% to close at 4,526, while in Greece, the Athex Composite GR:GD +2.27%  rose 2.27% to close at 1,197.7.
Pro-Europe chocolate tycoon Petro Poroshenko declared victory in Ukraine’s presidential election on Sunday, which was largely uneventful, though separatists blocked voting in parts of the east.

More must-reads from MarketWatch:

Barbara Kollmeyer is an editor for MarketWatch in Madrid. Follow her on Twitter @bkollmeyer. Joseph Adinolfi is a copy/news editor based in New York City.

Asian Markets at Close Report by MarketWatch - May 26, 2014: Asia stocks mostly rise, with Japan up on weaker yen Nikkei climbs to its highest level in seven weeks.

By Laura He, MarketWatch 
HONG KONG (MarketWatch)Asian stocks settled mostly higher on Monday, with Japan climbing to its highest level in seven weeks on a softer yen.ç

Japan’s Nikkei Average JP:NIK +0.97%   gained for a third straight day, up 1% to close at its highest level since early April. The broader Topix index JP:I0000 +1.21%   ended up 1.2%. Meanwhile, the Japanese yen USDJPY -0.03%   weakened to ¥101.916 from ¥101.971 in the prior session.
Australia’s S&P/ASX 200 AU:XJO +0.36%  also finished 0.4% higher, and the Aussie AUDUSD +0.09%   held firm against the dollar, rising to 92.45 U.S. cents from 92.31 U.S. cents in the previous session. 

Reuters A man is reflected in an electronic stock quotation board outside a brokerage in Tokyo.
In mainland China, the benchmark Shanghai Composite Index CN:SHCOMP +0.34%   was up for a second consecutive session, closing 0.3% higher. Shares of battery makers and aircraft manufacturers rallied after the Chinese President Xi Jinping showed support for China’s development of renewable-energy vehicles and larger aircraft production during his visit in Shanghai.
However, Hong Kong’s Hang Seng Index HK:HSI -0.01%  reversed earlier gains and closed negative, down 0.01%. South Korea’s Kospi index KR:SEU -0.34%   fell even more, ending 0.3% lower.
Some of the market movers included Japanese camera maker Nikon Corp. JP:7731 +4.29%  , jumping 4.3%, IT service provider NEC Corp. JP:6701 +3.34%  , climbing 3.3%, electronics giant Sony Corp. JP:6758 +3.13%  , gaining 3.1%, and technology firm Fujitsu JP:6702 +2.98%  , up 3%.
In Shanghai, battery maker Shanghai Potevio Co. CN:600680 +9.96%   rose nearly 10%, and state-owned aircraft manufacturer Jiangxi Hongdu Aviation Industry CN:600316 +1.53%   advanced 1.5%. In the Shenzhen market, Shanghai’s counterpart, electric-car and battery maker BYD Co. CN:002594 +10.01% HK:1211 +0.37%  , partly owned by Warren Buffett, soared more than 10%.
In Hong Kong, tech stocks gained, with software provider Kingdee International Software Group HK:0268 +5.86%   up 5.9%, and bigger rival Kingsoft Corp. HK:3888 +4.89%   adding 4.9%. However, several major Chinese developers declined, with Sino-Ocean Land Holdings HK:3377 -1.64%   falling 1.6%, Shimao Property Holdings HK:0813 -1.00%   down 1%, and Evergrande Real Estate Group HK:3333 -0.57%   off 0.6%.

U.S. vs. China’s next round: Consultants

Top U.S. consulting companies might be the latest victims in spiraling U.S.-China tensions over spying and trade issues, with their smaller Chinese rivals poised to benefit from a reported ban.
Stocks of CCID Consulting Co., a state-owned Chinese consulting company, initially rose 2% in early Monday trading after a Financial Times report said Sunday that China had ordered state-owned enterprises to sever ties with U.S. consultants.
The move was reportedly made out of fear of alleged spying activities, with those excluded from Chinese contracts including U.S. industry majors McKinsey and Boston Consulting Group, the report said.
(Some material in this report is from MarketWatch’s Asia Stocks blog)
Read more news from MarketWatch:
Laura He is a MarketWatch reporter based in Hong Kong.