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European shares close higher. France’s CAC trades closes at a new high going back to 2000

Solid week for the major indices as well

The European shares a closing higher with the German DAX rising 1.2% leading the way. The major indices also closed higher for the week.
A look at the provisional closes shows:
  • German DAX, +1.2%
  • France’s CAC +0.3%
  • UK’s FTSE 100, +0.7%
  • Spain’s Ibex, +0.8%
  • Italy’s FTSE MIB,  +0.35%

For the week, the major indices also are ending higher on the week

  • German DAX, +1.6%
  • France’s CAC, +1.65%
  • UK FTSE 100, +2.3%
  • Spain’s Ibex, +2.6%
  • Italy’s FTSE MIB +1.8%
The CAC index is closing at the highest level since October 2020.
Solid week for the major indices as well

Major European indices end the day with mixed results.

A good week for European equities as they benefit from flow of funds

The major European indices are ending the week with mixed results.  The German Dax broke its four day streak that also saw new all time highs being made.
The provisional closes are showing:
  • German DAX, -0.5%
  • France’s CAC, +0.2%
  • UK’s FTSE 100, +0.4%
  • Spain’s Ibex, +0.45%
  • Italy’s FTSE MIB, unchanged
For the week, the major indices are all solidly higher:
  • German Dax, +4.18%
  • France’s CAC, +4.5%
  • UK’s FTSE 100, +1.9%
  • Spain’s Ibex, +4.1%
  • Italy’s 4.9%

Year to date, all the indices are also higher:

  • German Dax, +5.71%
  • France’s CAC, +8.87%
  • UK’s FTSE 100, +4.62%
  • Spain’s Ibex, +6.9%
  • Italy’s footsie MIB, +8.4%
In the European debt market, the benchmark 10 year yields are ending the day higher across the board

European yields are higher across the board
In the forex, the snapshot of the strongest weakest as London/European traders look to exit shows the CAD is extending its lead to the upside after a trauma than expected jobs report today. The NZD and GBP remain the weakest. The USD is stronger but losing ground vs the CAD.

Germany bans travel entry from UK, Brazil, South Africa, Portugal, Ireland over coronavirus variants

The travel ban will stay in effect until 17 February at least

Germany
ICYMI, the restriction has gone into effect yesterday and covers land, air, and sea travel into the country, according to local media citing the German interior ministry.
The exceptions to the restriction is only for Germans living in those countries, those who have residency in Germany, and passengers in transit or the movement of goods.
Even the UK government travel advisory has been updated as such:

“The German government has restricted air and sea travel to Germany at its external Schengen borders. Travellers from the UK are currently only permitted to enter Germany if they are returning to their place of residence, if they serve in an important role or if they have an urgent need, such as urgent medical treatment.”

Generally speaking, if more countries in the EU adopt similar restrictions, it isn’t quite a good look on how virus developments are playing out in Q1. And that also adds another negative point to the list for risk sentiment.

Germany Q2 final GDP -9.7% vs -10.1% q/q prelim

Latest data released by Destatis – 25 August 2020

  • Non-seasonally adjusted GDP -11.3% vs -11.7% y/y prelim
  • Working day adjusted GDP -11.3% vs -11.7% y/y prelim
  • Private consumption -10.9% vs -9.8% q/q expected
  • Prior -3.2%; revised to -2.5%
  • Government spending +1.5% vs +1.5% q/q expected
  • Prior +0.2%; revised to +0.6%
  • Capital investment -7.9% vs -12.2% q/q expected
  • Prior -0.2%; revised to -0.5%
Slight delay in the release by the source. The preliminary report can be found here.
The German economy shrank by slightly less than initially estimated, but it still is the biggest quarterly contraction on record amid the fallout from lockdown measures and the virus outbreak in general from April to June.
There was a heavy drag on consumption/spending but that is largely unsurprising and that contributed to the sharp decline in economic activity seen last quarter.

European shares have a rebound Monday

List of Europe Country CodesMajor indices close lower last week. The week is getting off to a better start

Last week, the European indices all closed lower for the week. Today however, the indices are getting off to a better start. All the major indices are higher. The provisional closes are showing:

  • German DAX, +2.4%
  • France’s CAC, +2.3%
  • UK’s FTSE 100, +1.7%
  • Spain’s Ibex, +1.96%
  • Italy’s FTSE MIB, +2.1%
In the European debt market, the benchmark 10 year yields are ending mostly higher with Spain up 2.3 basis points leading the way. Italian yields are near unchanged at -0.1 basis point.

European shares end the session higher

German DAX near unchanged in up and down session

The major European stock indices are ending the session flat or higher. The German DAX was the weakest as it closes near flat for the day. Spain’s Ibex is the strongest with a gain of near 1.4%.

The provisional closes are showing:
  • German DAX, unchanged
  • France’s CAC, +0.3%
  • UK’s FTSE 100, +0.3%
  • Spain’s Ibex, +1.4%
  • Italy’s FTSE MIB, +0.5%
In the European debt market, the benchmark 10 year yields are ending the session lower.

Hitler was on 82 different drugs

adolf-hitler_02Maybe that’s why he was such a “sick” bastid?took a primitive form of Viagra when he tried to have sex with Eva Braun, a new book on the Fuhrer’s fragile health has claimed.

Adolf Hitler also

Based on long-dormant medical archives and formerly classified military documents, it claimed the dictator was so afraid of pills that most of his medication was injected.

The authors of the book, titled Was Hitler Ill?, claimed he took 82 different sorts of medication during his rule of Nazi Germany including the primitive “Viagra”, which was a testosterone extract.

The book is largely based on papers from Dr. Theodor Morrell, regarded as a quack among many in the upper echelons of Nazism, who Hitler came to rely on with increasing urgency during the war.

The less-than-flattering nickname “Reich syringe master” was given to him by Luftwaffe chief Hermann Goering, himself a morphine addict by war’s end. (more…)

Mein Kampf by Adolf Hitler- Quotes


The great masses of the people will more easily fall victim to a big lie than to a small one.
Adolf Hitler
Mein Kampf
The personification of the devil as the symbol of all evil assumes the living shape of the Jew.
Adolf Hitler
Mein Kampf
Was there any form of filth or profligacy, particularly in cultural life, without at least one Jew involved in it? If you cut even cautiously into such an abscess, you found, like a maggot in a rotting body, often dazzled by the sudden light – a kike!
Adolf Hitler
Mein Kampf
I believe that I am acting in accordance with the will of the Almighty Creator: by defending myself against the Jew, I am fighting for the work of the Lord.
Adolf Hitler
Mein Kampf
The broad masses of a population are more amenable to the appeal of rhetoric than to any other force.
Adolf Hitler
Mein Kampf
The [Nazi party] should not become a constable of public opinion, but must dominate it. It must not become a servant of the masses, but their master!
Adolf Hitler
Mein Kampf
There must be no majority decisions, but only responsible persons, and the word ‘council’ must be restored to its original meaning. Surely every man will have advisers by his side, but the decision will be made by one man.
Adolf Hitler
Mein Kampf
Never forget that the most sacred right on this earth is man’s right to have the earth to till with his own hands, the most sacred sacrifice the blood that a man sheds for this earth….
Adolf Hitler
Mein Kampf
Those who want to live, let them fight, and those who do not want to fight in this world of eternal struggle do not deserve to live.
Adolf Hitler
Mein Kampf
In actual fact the pacifistic-humane idea is perfectly all right perhaps when the highest type of man has previously conquered and subjected the world to an extent that makes him the sole ruler of this earth… Therefore, first struggle and then perhaps pacifism.
Adolf Hitler
Mein Kampf

(more…)

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