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>> LTRO Latest News

MAY 17, 2013 - Zero Hedge

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Dull Overnight Session Set To Become Even Duller Day Session

Those hoping for a slew of negative news to push stocks much higher today will be disappointed in this largely catalyst-free day. So far today we have gotten only the ECB's weekly 3y LTRO announcement whereby seven banks will repay a total of €1.1 billion from both LTRO issues, as repayments slow to a trickle because the last thing the ECB, which was rumored to be inquiring banks if they can handle negative deposit rates earlier in the session, needs is even more balance sheet contraction. The biggest economic European economic data point was the EU construction output which contracted for a ... Read More

Tags: Dull Overnight Session Set To Become Even Duller Day Session,  Ltro Latest News