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Watch The Censored Documentary “Panodrama” Here For Free

Tommy Robinson joins Alex Jones live via Skype to discuss how his banned documentary “Panodrama” exposes corrupt elements within the US and the UK.

In coordination with George Soros groups, the mockingbird media is conjuring fake stories to not just to de-platform people, but to put them in prison.

Following the interview, watch the documentary film “Panodrama” for free!

Tommy Robinson has been banned on Facebook and Instagram for “hate speech,” but the timing appears convenient since his recently released documentary exposed a plot by the BBC to commit a false flag to blame on Robinson.

Alex exposes the fascist tactics being used by the left.

Watch the full “Panodrama” documentary below:

Brighteon Version:

Source: InfoWars

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Trump announces Kelly Knight Craft as nominee for UN ambassador

President Trump on Friday announced Kelly Knight Craft, the current ambassador to Canada, as his nominee to become the next United States ambassador to the United Nations.

"Kelly has done an outstanding job representing our Nation and I have no doubt that, under her leadership, our Country will be represented at the highest level," Trump tweeted. "Congratulations to Kelly and her entire family!"

If confirmed for the role, Craft would succeed former UN ambassador Nikki Haley, who abruptly announced her resignation in October last year.

The president's announcement comes roughly a week after State Department spokewoman Heather Nauert withdrew her name from consideration for the position.

“I am grateful to President Trump and Secretary [Mike] Pompeo for the trust they placed in me for considering me for the position of U.S. ambassador to the United Nations," Nauert said in the statement released by the State Department on Saturday. "However, the past two months have been grueling for my family and therefore it is in the best interest of my family that I withdraw my name from consideration."

This is a developing story. Please check back for updates.

Source: Fox News Politics

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Michigan adoption agency flips LGBT policy after settlement

A major faith-based foster care and adoption contractor for the state of Michigan is reversing its policy and will place children with same-sex couples to comply with a legal settlement.

Bethany Christian Services and the state confirmed the change Monday.

Bethany Christian Services says while it is "disappointed" with how the settlement has been implemented, it will nonetheless reverse its policy so it continues foster care and adoption work for the state.

As of February, Bethany Christian Services was responsible for 1,159 — or more than 8% — of cases of children under state supervision.

Democratic Michigan Attorney General Dana Nessel's recent settlement prevents faith-based agencies from refusing to put children in LGBT homes for religious reasons. St. Vincent Catholic Charities sued last week to challenge the deal.

Source: Fox News National

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Study Finds Materials to Transform Space Missions

A new study from The Australian National University (ANU) has found a number of 2D materials cannot only withstand being sent into space, but potentially thrive in the harsh conditions.

It could influence the type of materials used to build everything from satellite electronics to solar cells and batteries — making future space missions more accessible, and cheaper to launch.

Ph.D. candidate and lead author Tobias Vogl was particularly interested in whether the 2D materials could withstand intense radiation.

“The space environment is obviously very different to what we have here on Earth. So we exposed a variety of 2D materials to radiation levels comparable to what we expect in space,” Mr. Vogl said.

“We found most of these devices coped really well. We were looking at electrical and optical properties and basically didn’t see much difference at all.”


Alex Jones reveals the truth behind China’s exploration of the dark side of the moon, an adventure that, in all likelihood, has already been carried out by covert, American run space programs.

During a satellite’s orbit around the earth, it is subject to heating, cooling, and radiation. While there’s been plenty of work done demonstrating the robustness of 2D materials when it comes to temperature fluctuations, the impact of radiation has largely been unknown — until now.

The ANU team carried out a number of simulations to model space environments for potential orbits. This was used to expose 2D materials to the expected radiation levels. They found one material actually improved when subjected to intense gamma radiation.

“A material getting stronger after irradiation with gamma rays — it reminds me of the hulk,” Mr. Vogl said.

“We’re talking about radiation levels above what we would see in space — but we actually saw the material become better, or brighter.”

(Photo by NASA)

Mr. Vogl says this specific material could potentially be used to detect radiation levels in other harsh environments, like near nuclear reactor sites.

“The applications of these 2D materials will be quite versatile, from satellite structures reinforced with graphene — which is five-times stiffer than steel — to lighter and more efficient solar cells, which will help when it comes to actually getting the experiment into space.”

Among the tested devices were atomically thin transistors. Transistors are a crucial component for every electronic circuit. The study also tested quantum light sources, which could be used to form what Mr. Vogl describes as the “backbone” of the future quantum internet.

“They could be used for satellite-based long-distance quantum cryptography networks. This quantum internet would be hacking proof, which is more important than ever in this age of rising cyberattacks and data breaches.”

“Australia is already a world leader in the field of quantum technology,” senior author Professor Ping Koy Lam said.

“In light of the recent establishment of the Australian Space Agency, and ANU’s own Institute for Space, this work shows that we can also compete internationally in using quantum technology to enhance space instrumentations.”

The research has been published in the journal Nature Communications.


Paul Joseph Watson points out the hypocrisy of the MSM that holds itself above the people.

Source: InfoWars

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Murder scene of Putin's foe in London was 'trashy set up of a suicide', devastated daughter says

The murder scene of Russian President Vladimir Putin’s enemy was a “trashy set up of a suicide,” his daughter said on the one-year anniversary of the ordeal.

Nikolai Glushkov, a 68-year-old London-based Russian businessman, was murdered last year in his London home after an autopsy revealed that he died from compression to the neck.

This prompted British authorities to launch a murder investigation, with detectives saying that he may have been murdered because of “the associations Mr. Glushkov is believed to have had.”

'NOTHING CRIMINAL' ABOUT 2 SUSPECTS IN NOVICHOK POISONING, PUTIN SAYS

He was closely associated with Boris Berezovsky, a Russian oligarch and strong Kremlin critic who died under disputed circumstances in 2013, and a friend of assassinated Alexander Litvinenko.

Speaking out about the ordeal for the first time since her father's death, Natalia Glushkova is now providing more details about the murder that so far netted no identified suspects.

Natalia Glushkova is now speaking out about the ordeal for the first time since her father’s death, providing more details about the murder that so far netted no identified suspects.

Natalia Glushkova is now speaking out about the ordeal for the first time since her father’s death, providing more details about the murder that so far netted no identified suspects. (Facebook)

She told the Guardian in a series of interviews that the murder scene looked like a targeted hit, with no sign of a break-in and no noise from her father’s ridgeback dog.

“I could see some traces of physical harm done to him. The picture was so trashy,” She said. “It looked like a cheap set-up of a suicide. My father was a kind soul, always positive, and a very refined person. I had never seen any sort of depression in him.”

Glushkov’s death last year also came just a week after the poisoning of ex-Russian spy Sergei Skripal and his daughter Yulia in Salisbury by agents of Russian military intelligence.

EX-RUSSIAN SPY SERGEI SKRIPAL'S POISONING: WHAT TO KNOW

Glushkova said her father’s death may have been linked to the poison attack. “Skripal’s case was very loud. If you want something to go unnoticed you make a firework,” she told the newspaper.

She said it’s “literally devastating” that a year after the murder, the authorities haven’t produced a single suspect and told others to “care and spend time with the ones they love, as much as they can, and never think there is a tomorrow for somebody they care about.”

Commander Clarke Jarrett, head of the Met's counter-terrorism command, which is investigating the murder, told the Telegraph that inquiries have been made concerning the murder and said that nearly 2,000 witnesses were contacted in addition to watching over 2,200 hours of CCTV footage.

“Mr Glushkov was murdered a year ago and we have made and continue to make extensive inquiries to establish the motive and identify anyone who may have been involved,” he said.

CLICK TO GET THE FOX NEWS APP

“We remain absolutely committed and determined to identify and bring those responsible for his murder to justice and I would urge anyone who may have information to contact us.”

The Associated Press contributed to this report.

Source: Fox News World

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Democrats' calls to revamp Electoral College, Supreme Court reveal panic: Lara Trump

President Trump’s senior campaign adviser and daughter-in-law Lara Trump blasted Democrats on Tuesday, including Democratic presidential contenders, after they called for changing the Electoral College and revamping the Supreme Court.

“I think it’s very clear that people are still upset on the left that their chosen candidate did not win in 2016.  They want to find any way they can to beat Donald Trump because I think they know it’s going to be incredibly hard, almost impossible to beat this president in the 2020 election,” Lara Trump said.

Her comments came after one 2020 contender, Sen. Elizabeth Warren, D-Mass., called for ending the Electoral College.

"My view is that every vote matters. And the way we can make that happen is we can have national voting, and that means get rid of the Electoral College,” Warren said in Mississippi Monday.

Trump said talk of changing the Supreme Court is another sign of panic among Democrats.

“I think that it’s pretty clear that these folks are very upset that this president has had two Supreme Court placements now,” Trump said in response to various Democratic candidates calling for changes to how Supreme Court justices are selected.

“And quite likely if he gets a second term he will get a third.  So, I think you’re seeing ... panic mode now on the Democrat side.”

"I think we need to fix the Supreme Court. I think they stole a Supreme Court seat," Sen. Cory Booker, D-N.J., said on MSNBC Monday. He appeared to be referring to President Barack Obama's late-term nomination of Merrick Garland for a Supreme Court seat, a nomination that did not get a confirmation hearing from a Senate then led by a GOP majority.

TRUMP FIRES BACK AT DEMS COURT PACKING PUSH

I think you’re seeing ... panic mode now on the Democrat side.

— Lara Trump

Trump believes many of the candidates looking to secure the Democratic nomination are too far left with their platforms to beat President Trump in the general election.

“I really think when you look at the field these people are generally very, very far-left,” Trump told co-host Sandra Smith. “You look at people who are running in some cases on an almost socialist or fully socialist platform, that is not something I think the average person can get behind.”

Trump also addressed her father-in-law’s disapproval rating with women, saying she didn’t trust the polling and that many women are afraid to admit they support or voted for the president.

“They might not like all his tweets, they might not like everything he does, but at the end of the day I think they know he’s going to keep this country safe and prosperous,” Trump said.

SOMEONE IN THE STATE DEPARTMENT LIKELY INVOLVED IN THE BID TO TAKE DOWN TRUMP: HERRIDGE

Source: Fox News Politics

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China smartphone maker Xiaomi’s fourth-quarter profit more than triples, beats view

People walk past a Xiaomi store in Shenyang
FILE PHOTO: People walk past a Xiaomi store in Shenyang, Liaoning province, China June 12, 2018. REUTERS/Stringer

March 19, 2019

SHANGHAI (Reuters) – Chinese smartphone maker Xiaomi Corp said on Tuesday its fourth-quarter net profit more than tripled to 1.85 billion yuan ($275.59 million), on stronger revenue.

That profit exceeded the 1.7 billion yuan average estimate of 10 analysts, according to Refinitiv data.

Revenue for the period increased 27 percent to 44.4 billion yuan, lower than the 47.4 billion yuan average estimate of 13 analysts, according to Refinitiv data.

For the full 2018 calendar year, Xiaomi brought in revenue of 174.9 billion yuan and made a net profit of 8.6 billion yuan.

This marks the third set of financial results for the company since its IPO in Hong Kong. Xiaomi shares have rallied nearly 30 percent since early January, though they remain well below their July listing price.

(Reporting by Josh Horwitz; Editing by Muralikumar Anantharaman)

Source: OANN

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FILE PHOTO: Supporters of the Spain's far-right party VOX wave Spanish flags as they attend an electoral rally ahead of general elections in the Andalusian capital of Seville
FILE PHOTO: Supporters of the Spain’s far-right party VOX wave Spanish flags as they attend an electoral rally ahead of general elections in the Andalusian capital of Seville, Spain April 24, 2019. REUTERS/Marcelo del Pozo/File Photo

April 26, 2019

By John Stonestreet and Belén Carreño

MADRID (Reuters) – Spain’s Vox party, aligned to a broader far-right movement emerging across Europe, has become the focus of speculation about last minute shifts in voting intentions since official polling for Sunday’s national election ended four days ago.

No single party is anywhere near securing a majority, and chances of a deadlocked parliament and a second election are high.

Leaders of the five parties vying for a role in government get final chances to pitch for power at rallies on Friday evening, before a campaign characterized by appeals to voters’ hearts rather than wallets ends at midnight.

By tradition, the final day before a Spanish election is politics-free.

Two main prizes are still up for grabs in the home straight. One concerns which of the two rival left and right multi-party blocs gets more votes.

The other is whether Vox could challenge the mainstream conservative PP for leadership of the latter bloc, which media outlets with access to unofficial soundings taken since Monday suggest could be starting to happen.

The right’s loose three-party alliance is led by the PP, the traditional conservative party that has alternated in office with outgoing Prime Minister Pedro Sanchez’s Socialists since Spain’s return to democracy in the 1970s.

The PP stands at around 20 percent, with center-right Ciudadanos near 14 percent and Vox around 11 percent, according to a final poll of polls in daily El Pais published on Monday.

Since then, however, interest in Vox – which will become the first far-right party to sit in parliament since 1982 – has snowballed.

It was founded in 2013, part of a broader anti-establishment, far-right movement that has also spread across – among others – Italy, France and Germany.

While it is careful to distance itself from the ideology of late dictator Francisco Franco, Vox’s signature policies include repealing laws banning Franco-era symbols and on gender-based violence, and shifting power away from Spain’s regional governments.

TRENDING

According to a Google trends graphic, Vox has generated more than three times more search inquiries than any other Spanish political party in the past week.

Reasons could include a groundswell of vocal activist support at Vox rallies in Madrid and Valencia, and its exclusion from two televised debates between the main party leaders, on the grounds of it having no deputies yet in parliament.

Conservative daily La Vanguardia called its enforced absence from Monday’s and Tuesday’s debates “a gift from heaven”, while left-wing Eldiario.es suggested the PP was haemorrhaging votes to Vox in rural areas.

Ignacio Jurado, politics lecturer at the University of York, agreed the main source of additional Vox votes would be disaffected PP supporters, and called the debate ban – whose impact he said was unclear – wrong.

“This is a party polling over 10 percent and there are people interested in what it says. So we lose more than we win in not having them (in the debates),” he said

For Jose Fernandez-Albertos, political scientist at Spanish National Research Council CSIC, Vox is enjoying the novelty effect that propelled then new, left-wing arrival Podemos to 20 percent of the vote in 2015.

“While it’s unclear how to interpret the (Google) data, what we do know is that it’s better to be popular and to be a newcomer, and that Vox will benefit in some form,” he said.

For now, the chances of Vox taking a major role in government remain slim, however.

The El Pais survey put the Socialists on around 30 percent, making them the frontrunners and likely to form a leftist bloc with Podemos, back down at around 14 percent.

The unofficial soundings suggest little change in the two parties’ combined vote, or the total vote of the rightist bloc.

That makes it unlikely that either bloc will win a majority on Sunday, triggering horse-trading with smaller parties favoring Catalan independence – the single most polarizing issues during campaigning – that could easily collapse into fresh elections.

(Election graphic: https://tmsnrt.rs/2ENugtw)

(Reporting by John Stonestreet and Belen Carreno, Editing by William Maclean)

Source: OANN

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FILE PHOTO: The logo of the OPEC is seen at OPEC's headquarters in Vienna
FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries at OPEC’s headquarters in Vienna, Austria December 5, 2018. REUTERS/Leonhard Foeger/File Photo

April 26, 2019

JOINT BASE ANDREWS, Md. (Reuters) – U.S. President Donald Trump said on Friday he called the Organization of the Petroleum Exporting Countries and told the cartel to lower oil prices.

“Gasoline prices are coming down. I called up OPEC, I said you’ve got to bring them down. You’ve got to bring them down,” Trump told reporters.

(Reporting by Roberta Rampton; Writing by Makini Brice; Editing by Chizu Nomiyama)

Source: OANN

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Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy near Lyon
Sonia Bompastor, director of the Olympique Lyonnais womenÕs Youth Academy, leads a training at the OL Academy in Meyzieu near Lyon, France, April 16, 2019. REUTERS/Emmanuel Foudrot

April 26, 2019

By Julien Pretot

MEYZIEU, France (Reuters) – Olympique Lyonnais president Jean-Michel Aulas was wringing out his women’s team shirts in the locker room on a rainy London day eight years ago when he decided it was time to take gender equality more seriously.

It was halftime in their Champions League semi-final second leg against Arsenal at Meadow Park with 507 fans watching and Aulas realized that his players did not have a another kit for the second half.

“Next time, there will be a second set just like for the men, that’s how it’s going to work from now on,” he said.

Lyon have since won five Champions League titles to become the most successful women’s team in Europe and recently claimed a 13th consecutive domestic crown.

They visit Chelsea on Sunday in the second leg of their Champions League semi-final, with a fourth straight title in their sights.

At the heart of their achievements is a pervasive ethos that promotes gender equality throughout the club, starting in the youth academy.

In 2013, Aulas appointed former Lyon and France player Sonia Bompastor as head of the Women’s Academy — the female equivalent of one of France’s top youth set-ups that has produced players such as Karim Benzema, Alexandre Lacazette and Hatem Ben Arfa.

At the Youth Academy, girls and boys share the same facilities.

“Pitches, physiotherapy rooms are the same for all,” the 38-year-old Bompastor told Reuters.

As the girls train under the watch of former Lyon and France international Camille Abily, the screams of the boys practicing can be heard nearby.

The boys and girls also benefit from the same psychological support that includes hypnosis sessions and yoga.

“We have a ‘mental ability’ cell and the hypnotist acts on the girls’ subconscious, on their deeply held beliefs after observing them on and off the pitch,” Bompastor added.

SAME TREATMENT

One message the Academy staff are trying to convey is that girls are as good as boys.

“Women’s nature is such that we have low self-esteem. So self-esteem is a big topic for our girls,” said Bompastor.

This is not the case with the boys, she added.

“Some 14, 15-year-old boys still think they would beat our professional players, we tell them this would not be happening. We still need to work on those beliefs,” she said.

Female players also have to face questions that their male counterparts do not, Bompastor explained.

“In France there is a problem with the way women are considered, there are high aesthetic expectations. So we get heavy questions on femininity, intimate questions that men don’t get,” she said.

OL’s Academy has been held up as a shining example for others to follow, even in the U.S., where women’s soccer has a wider audience than in Europe.

“About one third of the (senior women’s) squad comes from the Academy, we have a good balance,” said Bompastor.

“I’m getting tons of requests from American universities and foreign clubs, who want to come and visit our facilities.”

‘ONE CLUB’

The salaries of the senior players is one area where there remains a large discrepancy between Lyon’s men’s and women’s teams.

While the three best-paid women players in the world are at Lyon with Ballon d’Or winner Ada Hegerberg earning 400,000 euros ($445,520) a year, this figure is dwarfed by the around 4 million euros earned annually by men’s player Memphis Depay.

There is, however, a level of interaction between the men’s and women’s players that is not present at many other clubs.

“When you talk about OL you talk about women and men, you talk about one club and you feel it when you are here or outside in the city,” Germany defender Carolin Simon told Reuters.

“We see it when we play in the big stadium. It’s not ‘normal’ for women’s football,” the 26-year-old, who joined the club last year, added.

Lyon’s female players also enjoy respect from their male counterparts, Simon said.

“It’s very cool, it’s a big honor to feel that it doesn’t matter if you are a professional man or woman. We talk with the men, there are handshakes, it’s a good atmosphere and it’s also why we are successful,” said Simon.

“The men respect us and it’s not just for the cameras.”

Her team mate, England’s Lucy Bronze, sees the men’s respect as key to improving women’s football.

“We might not be paid the same but they are just normal with us, they see us as footballers the same as they are,” Bronze told Reuters.

“Being at Lyon has really opened my eyes. To improve women’s football, it starts with having the respect of your male counterparts. It’s the biggest thing because they can influence so many people.”

(Reporting by Julien Pretot; Editing by Toby Davis)

Source: OANN

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FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen
FILE PHOTO: Ethiopian migrants, stranded in war-torn Yemen, sit on the ground of a detention site pending repatriation to their home country, in Aden, Yemen April 24, 2019. REUTERS/Fawaz Salman/File Photo

April 26, 2019

GENEVA (Reuters) – Yemeni authorities have rounded up about 3,000 irregular migrants, predominantly Ethiopians, in the south of the country, “creating an acute humanitarian situation,” the U.N. migration agency said on Friday.

“IOM is deeply concerned about the conditions in which the migrants are being held and is engaging with the authorities to ensure access to the detained migrants,” the International Organization for Migration said.

The migrants are held in open-air football stadiums and in a military camp, it said in a statement.

The detentions began on Sunday in the city of Aden and the neighboring province of Lahj, which are under the control of the internationally recognized government backed by Saudi Arabia and the United Arab Emirates. Iran-aligned Houthi rebels control Sanaa, the capital, and other major urban centers.

Both sides are under international diplomatic pressure to implement a United Nations-sponsored ceasefire deal agreed last year in Sweden and to prepare for a wider political dialogue that would end the four-year-old war.

Thousands of migrants arrive in Yemen every year, mostly from the Horn of Africa, driven by drought and unemployment at home and lured by the wages available in the Gulf.

(Writing by Maher Chmaytelli, Editing by William Maclean)

Source: OANN

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U.S. dollar notes are seen in this picture illustration
U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration

April 26, 2019

(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

1/DOLLAR JUGGERNAUT

The dollar has zipped to near two-year highs, leaving many scratching their heads. To many, it’s down to signs the U.S. economy is chugging ahead while the rest of the world loses steam. After all, Wall Street is busily scaling new peaks day after day.

Never mind the cause, the effect is stark. The euro has tumbled to 22-month lows against the dollar and investors are preparing for more, buying options to shield against further downside. Emerging-market currencies are also in pain, with Turkish lira and Argentine peso both sharply weaker.

Now U.S. data need to keep surprising on the upside or even just meet expectations. The International Monetary Fund sees U.S. growth at 2.3 percent this year. For Germany, the forecast is 0.8 percent. The U.S. economy’s rude health has given rise to speculation the Fed might resume raising interest rates. Unlikely. But as other countries — Canada, Sweden and Australia are the latest — hint at more policy easing, there seems to be one way the dollar can go. Up.

(GRAPHIC: Dollar outperforms G10 FX – https://tmsnrt.rs/2Dz17S5)

2/FED: UP OR DOWN?

Wall Street is near record highs and recession worries are receding, so as we mentioned above, investors might wonder if the Federal Reserve will start raising rates again.

Such a pivot is unlikely after the Fed killed off rate-rise expectations at its March meeting. And the latest Reuters poll all but puts to bed any risk of rates will go up this economic cycle, given inflation remains below the Fed’s alarm threshold and unemployment is the lowest in generations.

Before the March rate-pause announcement, a preponderance of economists penciled in one or more increases this year. But that has flipped. A majority of those surveyed April 22-24 see no further tightening through December and more are leaning toward a cut by the end of next year.

Indeed, interest rate futures imply Fed Funds will be below the current 2.25-2.50 percent target range by this December.

Recent positive consumer spending and exports data have eased market concerns of a sharp economic slowdown. But inflation probably needs to run hot for a long period to panic policymakers off their wait-and-see course.     

(GRAPHIC: Federal funds and the economy – https://tmsnrt.rs/2DzjTZz)

3/HEISEI TO REIWA

Next week ends three decades of Japan’s Heisei era. Heisei, or Achieving Peace, began in 1989 near the peak of a massive stock market bubble and closes with the country trapped in low growth, no inflation, and negative interest rates.

The new era that dawns on May 1 is called Reiwa, meaning Beautiful Harmony. It begins when Crown Prince Naruhito ascends the Chrysanthemum Throne. But do investors really want harmony? What they want to see is a bit of economic growth and inflation to shake up the status quo.

The Bank of Japan’s stimulus toolkit to revive a long-suffering economy is anything but harmonious and yet it’s set to stay. The central bank confirmed recently rates will stay near zero for a long time. But the coming days may not be harmonious or peaceful for currency markets. A 10-day Golden Week holiday kicks off on April 29 and investors are fretting over the risk of a “flash crash” – a violent currency spasm that can occur in times of thin trading turnover.

The year has already seen two yen spikes and many, including Japan’s housewife-trader brigade – so-called Mrs Watanabes – appear to have bought yen as the holiday approaches. Their short dollar/long yen positions recently reached record highs, stock exchange data showed.

(GRAPHIC: Japan stocks: from Hensei to Reiwa – https://tmsnrt.rs/2W6a7Fe)

4/EARNING TURNING

Quarterly earnings were supposed to be the worst in Europe in almost three years, but with a third of results in, things are looking a little rosier.

Two-thirds of companies’ results have beat expectations, and they point to earnings growth of 4.5 percent year-on-year. Financials have delivered the biggest surprises, according to analysis by Barclays.

That might just show how low expectations were. In fact, analysts are still taking a red pen to their estimates.

The latest I/B/E/S data from Refinitiv shows analysts on average expect first-quarter earnings-per-share for STOXX 600-listed companies to fall 4.2 percent. That would be their worst quarter since 2016 and down sharply from an estimated 3.4 percent just a week earlier.

Those estimates may end up being a little too bearish as earnings season goes on, quelling worries that Europe is heading toward a corporate recession.

GSK and Reckitt Benckiser will give the market a glimpse of the health of the consumer products market and spending on everything from toothpaste, washing powder and paracetamol.

(GRAPHIC: Earnings forecasts – https://tmsnrt.rs/2DuO2ZF)

5/WAITING FOR THE OLD LADY

Sterling has gone into the doldrums amid the Brexit delay and unproductive talks between the UK government and the opposition Labour party on a EU withdrawal deal. The resurgent dollar, meanwhile, has taken 2 percent off the pound in April. It is unlikely the Bank of England will be able to rouse it at its May 2 meeting.

Despite robust retail and jobs data of late, the economic picture is gloomy – 2019 growth is likely to be around 1.2 percent, the weakest since 2009, investment is down and Governor Mark Carney says business uncertainty is “through the roof”.

Indeed, expectations for an interest rate increase have been whittled down; Reuters polls forecast rates will not move until early 2020, a calendar quarter later than was forecast a month ago. The hunt for a new governor to replace Carney in October adds more uncertainty to the mix.

The recent run of UK data has fueled hopes of economic rebound. That’s put net hedge fund positions in the pound into positive territory for the first time in nearly a year. The Old Lady of Threadneedle Street might temper some of that optimism.

(GRAPHIC: Sterling positions – https://tmsnrt.rs/2XJwUXX)

(Reporting by Alden Bentley in New York, Vidya Ranganathan in Singapore; Karin Strohecker, Josephine Mason and Saikat Chatterjee in London; compiled by Sujata Rao; edited by Larry King)

Source: OANN

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