Eurozone: Länder mit der höchsten Verschuldung

Die Schulden- und Finanzkrisen in der EU spitzen sich wieder zu..

Quelle: Statista

Inflation in der Eurozone zieht weiter an

In Deutschland steigt die Inflation im Februar auf 2,2% - der höchste Stand in den letzten 5 Jahren:

Quelle: godmode-trader.com

Europäische Bankaktien: Blutbad setzt sich fort

Hierzu eine eindrucksvolle Grafik - credit to Wolf Street:

Quelle: wolfstreet.com

Quote:

EU Banking Mayhem, One Bank at a Time, then All at Once

by Wolf Richter - September 28, 2016

The European banking crisis simply doesn’t let up. Currently, the big two German banks are grabbing the headlines away from the Italian banks, due to their size and the damage they could do to the global financial system. Other banks are in bigger trouble still, and some have already collapsed, with bailouts and bail-ins getting lined up..

Link: http://wolfstreet.com/2016/09/28/eu-banking-mayhem-one-bank-at-a-time-then-all-at-once/

Krise spitzt sich zu: Deutsche Bank fällt auf neues Rekordtief

Der Aktienkurs der Deutschen Bank bricht auf neue Tiefstände ein. Währenddessen steigen die CDS-Preise weiter an und belasten jetzt auch direkt den deutschen Kreditmarkt..

Quelle: zerohedge.com

Quelle: zerohedge.com

Quelle: zerohedge.com

Eurozone: Inflationserwartungen verharren auf niedrigem Niveau

Die Geldpolitik der EZB läuft zunehmend ins Leere. Die 5y5y Inflationserwartungen kommen trotz massiver Aufkaufprogramme und rekordhoher Ausweitung der EZB-Bilanzsumme überhaupt nicht vom Fleck..

Quelle: J.P. Morgan, Bloomberg

Außenhandel: Deutsche Exporte brechen signifikant ein

Auf Jahressicht (YoY%) ergibt sich sogar ein Export-Rückgang war ca. 10% - das ist der stärkste Rückgang seit 2009 (!):

Quelle: bloomberg.com

Deutsche Bank bleibt im Krisenmodus: Gewinn fällt um 98%, Underperformance hält an

Die großen Sorgen um Deutschlands größtes Geldhaus halten an. Der Quartalsgewinn bricht um fast 100% (!) ein, was den europäischen Branchengiganten weiter unter Druck bringt. So kann das Management alles andere als eine Entwarnung geben. Die Alarmglocken müssten schrillen..

"..The latest confirmation that Germany's troubled banking giant Deutsche Bank is unable to navigate the troubled waters of NIRP came on Wednesday when the bank announced that its second-quarter net income fell 98% from a year earlier, hurt by weaker performances in trading, investment banking and other core areas. The lender said net income tumbled to €20 million ($22 million) from €818 million a year earlier, .. while net revenue dropped 20% to €7.4 billion..." (Source)

Die Deutsche Bank-Aktie steht seit längerer Zeit noch wesentlich stärker Druck als die Peer Group (Stoxx Europe 600 Banks). Die YTD-Performance ist ein wahres Desaster..

Quelle: bloomberg.com

Quote:

Bankenkrise, Lehman Brothers 2.0: Die Fortsetzung in Vorbereitung?

Während die Aktienmärkte weiter nahe den Allzeithochs notieren, schwächeln die Kurse von ein paar Großbanken schon seit einigen Monaten bedenklich..

Link: http://rohstoffaktien.blogspot.in/2014/06/bankenkrise-lehman-brothers-20-die.html

Big Picture: QE-Wahn läuft weiter, expansive Geldpolitik auf Allzeithoch

Zwar hat die FED die QE-Maßnahmen eingestellt, doch die expansive Geldpolitik in der westlichen Welt bewegt sich auf einem Rekordhoch. Dies ist natürlich auf die extrem expansive Geldmarktpolitik in der EU und in Japan zurückzuführen..

Quelle: zerohedge.com

The Top 3 Most Visited JRB Blog Posts This Week Are..

3. Morgan Stanley, Analyse: Batterie- & Energiespeicher-Markt vor Wachstumsexplosion

2.  Nach der BrExit-Entscheidung: Sterling touchiert 30-Jahrestief, Goldpreis in Pfund mit dem höchsten Anstieg seit 42 Jahren

1. Nach dem BrExit: Globale Bestände der Gold-Investments springen um 3,4 Mrd. USD auf höchsten Stand seit 2013

Rohstoff- und Minenbranche: Der Wochenrückblick von Haywood

Der Link zum informativen Wochenreport von Haywood.

The Weekly Dig

Mick Carew, PhD, mcarew@haywood.com

Haywood Mining Team

Markets Down/Gold Higher as Britain Vote to Leave the European Union

§  The full ramifications of the surprise outcome of the British referendum on Thursday are unclear. The final result, which saw a 52-48 percent victory to Brexit advocates sent markets lower, albeit arguably not by as much as some predicted. Following the result, the British Pound fell almost 10% against the dollar to levels last seen in 1985, on fears the decision could hit investment in the world's fifth-largest economy, threaten London's role as a global financial capital and cause many months of political uncertainty. Closer to home, the Dow Jones Industrial Average and S&P 500 Index both fell 3.4% and 3.3%, while in Canada the S&P/TSX Composite Index fell 1.7%. As investors focussed on the short-term effects of the decision, the future of the European Union, and even the United Kingdom, have been brought into question. Already, a number of separatist parties in countries including France, Greece, Italy and the Netherlands have been bolstered by the result, and called for similar referendums that could see the European Union dissolve further. Meanwhile, citing the majority “remain” vote cast by Scotland and Northern Ireland voters, there is growing speculation that Scotland could hold another referendum to decide whether to remain with the U.K. The price of gold responded in kind, hitting almost $1,360 per ounce during Friday trading before settling at $1,320 per ounce (↑1.5%). Silver (↑1.5%), platinum (↑1.6%) and palladium (↑2%) were also up for the week. Base metals, with the exception of nickel, also rose, with copper (↑3%), lead (↑1%) and zinc (↑2%) finishing at $2.13, $0.77 and $0.91 per pound. WTI crude was down 1.4% this week while the UxC Weekly Spot Price of uranium finished higher, closing at $26.88 per pound.

Click here for the full report

This report may be distributed in the following states: nil. Otherwise, this report may only be distributed into those states with an institutional buyer state securities registration exemption.  

Europäischer Banken-Index im Crash-Modus: Höherer Tagesverlust als bei Lehman Brothers

Mit einem Minus von über 13% wird der heutige Tag als "schwärzeste Handelssession" für europäische Bankaktien ebenfalls in die Geschichte eingehen..

Quelle: zerohedge.com

Nach der BrExit-Entscheidung: Sterling touchiert 30-Jahrestief, Goldpreis in Pfund mit dem höchsten Anstieg seit 42 Jahren

Gold wird seinem Ruf als ultimative Krisenwährung heute vor allem in Großbritannien gerecht..

Quelle: zerohedge.com

Quelle: zerohedge.com

Historischer Tag: BrExit zieht weltweite Schockwellen nach sich, Gold explodiert

Hierzu zwei aktuelle Berichte von Zerohedge mit der Zusammenfassung der wichtigsten Ereignisse:

"It’s Scary, And I’ve Never Seen Anything Like It" - Where Markets Are The Morning After

For those of you who are just waking up, first of all, congratulations. Here is what you missed.

European, Asian stocks and S&P futures plummet, as U.K. votes to leave European Union membership. FX carry trades everywhere go haywire, with the Dollar and Yen spiking while the Cable overnight plunged to 30 year lows and at last check was trading just around 1.37, down 1,300 pips from yesterday's highs. A modest rebound was experienced when first the Bank of England and shortly after all other central banks promised to pump virtually unlimited liquidity into the financial system. Ironically, all of this takes place a day after Fed’s stress tests showing all 33 banks exceed minimum requirements - we may find out just how "unstressed" they are as soon as today.

For those who are pressed for time, the following quote from James Butterfill, head of research and investments at ETF Securities, summarized it best: "It’s scary, and I’ve never seen anything like it. We’re going to see outflows from basically any kind of cyclical asset. A lot of people were caught out, and many investors will lose a lot of money.”

Here are key market updates:

• S&P 500 futures down 3.9% to 2023
• Stoxx 600 down 7% to 322
• MSCI Asia Pacific down 4.1% to 125
• US 10-yr yield down 22bps to 1.53%
• Dollar Index up 1.86% to 95.27
• WTI Crude futures down 4.2% to $48.00
• Brent Futures down 4.3% to $48.70
• Gold spot up 4.2% to $1,310
• Silver spot up 2.8% to $17.77

TOP NEWS:

• U.K. Votes for Brexit as Cameron Resigns After Historic Rupture: Prime minister to step down as Johnson weighs next step
• Pound Plunges to 30-Year Low as U.K. Assets Slide on Brexit: ‘There are certain days you never forget,’ says HSBC’s Bloom
• Carney Pledges $345 Billion to Fund First Line of Brexit Defense: Markets bets on a July interest rate cut climb to 50%
• Nationalist Parties Seize on Brexit to Demand Own EU Referendums: Le Pen, Wilders, Northern League call for vote
• Biggest U.S. Banks Seen Weathering Severe Stress in Fed Test: Regulators release results of Dodd-Frank mandated exercise
• Oil Tumbles After Brexit Vote as Traders Assess Lasting Impact: WTI, Brent down >6.6% as traders flee risky assets
• Gold Sees Biggest Gain Since 2008 in Rush for Havens From Brexit: Sterling-denominated gold jumps 15%, the most ever
• Xerox Appoints Jeff Jacobson as New Chief After Co. Split: Jacobson named as incoming CEO of document technology seller
• Albemarle, Fortive to Join S&P 500; Emcor Named to MidCap 400: Changes to be implemented after close of trading June 30

WHAT HAPPENED IN EUROPEAN MARKETS:

European shares sinks after U.K. voted to quit the European Union. All 19 Stoxx 600 sectors fall with banks, insurance underperforming and health care, food & beverage outperforming. 90% of Stoxx 600 members decline, 10% gain. “It’s scary, and I’ve never seen anything like it,” said James Butterfill, head of research and investments at ETF Securities, said by phone from London. “We’re going to see outflows from basically any kind of cyclical asset. A lot of people were caught out, and many investors will lose a lot of money.”

Link: http://www.zerohedge.com/news/2016-06-24/it’s-scary-and-i’ve-never-seen-anything-it-where-markets-are-morning-after

It's All Over As "Leave" Wins Brexit Referendum: Markets Everywhere Are Crashing

Final update to this historic post, just to make it official :
BREXIT VOTE-LEAVE HAS WON MORE THAN 16.784 MLN VOTES, ENOUGH TO GUARANTEE VICTORY IN EU REFERENDUM - BBC FIGURES

Link: http://www.zerohedge.com/news/2016-06-23/nailbiter-continues-here-are-first-official-results-and-they-give-bremain-some-hope

Quelle: Zerohedge

Rohstoff- und Minenbranche: Der Wochenrückblick von Haywood

Hier finden Sie den informativen Wochenrückblick von Haywood vor.

The Weekly Dig

Mick Carew, PhD, mcarew@haywood.com

Haywood Mining Team

Metal Prices Fall as Talk of June Rate Hike Intensifies

§  A statement from the Federal Reserve this week raised the prospect of an interest rate rise in the United States, with policymakers suggesting it could occur as early as next month if economic data supported the move. Since the Federal Reserve raised its key interest rate in December last year, the prospect of an additional rate hike has varied amid bullish employment data conflicting with concerns over the state of the U.S. economy, and its manufacturing sector in particular. According to the Fed’s notes, signs that the economy, employment and inflation are firming would be watched closely, while it remained wary of external factors, including a possible UK vote to leave the European Union. According to some Federal Reserve officials, an interest-rate increase could occur as early as June. In response, metal prices and mining equities were down on the news on Wednesday, with gold in particular falling as low as $1,244 per ounce on Thursday as the United States dollar rose against a basket of other currencies. The yellow metal rose to $1,260 per ounce later in the day but settled at the end of the week at $1,253 per ounce. Silver (↓4%), platinum (↓3%) and palladium (↓6%) were also down for the week, finishing at $16.51, $1,023 and $560 per ounce respectively. Base metal prices continued to slide following last week’s losses, headed by copper which fell as low as $2.03 per pound and approaching the $2.00 level, before consolidating at $2.05 per pound on Friday; Meanwhile, nickel, lead and zinc each finished at $3.84, $0.76 and $0.84 per pound respectively.  WTI crude continued to push towards $50 per barrel, finishing at $47.75, while the UxC Weekly Spot Price of uranium rose 1% to finish at $28.56 per pound.

Click here for the full report

This report may be distributed in the following states: nil. Otherwise, this report may only be distributed into those states with an institutional buyer state securities registration exemption.  

Geldpolitik, Eurozone: Geldbasis erreicht neues Rekordhoch

Die monetäre Inflation setzt sich in der Eurozone mit einer rasenden Geschwindigkeit fort..

Quelle: reuters.com

Euro-Banknoten in Zirkulation

Spannende Übersicht, die vor allem den hohen Wert der 500-Euroscheine im Big Picture aufzeigt:

Quelle: reuters.com, EZB

Lithium, Batterie-Markt: Entwicklung der globalen Marktanteile nach Ländern

Der heiß umworbene Batterie-Markt wird in puncto Marktanteile nach wie vor von den Chinesen mit deutlichen Abstand angeführt. Der Blick auf den spannenden Chart, der die Entwicklung der Marktanteile widerspiegelt:

Quelle: WSJ

Frankreich: Protestwelle hält an - Schwere Ausschreitungen in Paris

Hierzu ein aktueller Bericht von den DWN:

Frankreich: Schwere Ausschreitungen in Paris 

Deutsche Wirtschafts Nachrichten | Veröffentlicht: 16.04.16

Bei nächtlichen Protesten der Bewegung „Nuit debout“ ist es in Frankreich erneut zu schweren Ausschreitungen gekommen. Einige Demonstranten bewarfen die Polizei mit Flaschen und Plastiksteinen, zündeten Mülleimer an. 22 Menschen wurden daraufhin festgenommen..

Link: http://deutsche-wirtschafts-nachrichten.de/2016/04/16/frankreich-schwere-ausschreitungen-in-paris/

Steuer-Oase: Millionäre aus aller Welt verlagern Vermögen in die USA

Hierzu ein aktueller Beitrag von den DWN:

Steuer-Oase: Millionäre aus aller Welt verlagern Vermögen in die USA 

Deutsche Wirtschafts Nachrichten | Veröffentlicht: 07.04.16

Nach einem Bericht der Organisation New World Wealth wandern tausende Millionäre aus der EU in die USA aus. Vor allem Griechenland sei betroffen. Religiöse Spannungen in Europa sollen diesen Exodus in den kommenden Jahren beschleunigen, so die Organisation..

Link: http://deutsche-wirtschafts-nachrichten.de/2016/04/07/steuer-oase-millionaere-aus-aller-welt-verlagern-vermoegen-in-die-usa/

Europa: Anleiherenditen der Problemstaaten fallen auf neues Allzeittief

Die gigantischen Verzerrungen am manipulierten Anleihemarkt erreichen einen neuen Rekord..

Quelle: WSJ.com