Friday, February 6, 2015

Financial and Economic Updates .....Non Farm Payroll Friday ( February 6 , 2015 ) - Greece in Focus - Neil Woodford Opines " Expect Greek Default " .... Additional items to consider !



Tweets.....







January Payrolls Smash Expectations Rising By 257,000 As Hourly Earnings Surge Most Since November 2008







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That US labor market, baby.
Payrolls +257k. 
November revised from +321k to +353k
October revised from +243k to 261k
Unemployment 5.7%.






Important for Fed hike RT : JUMP IN JAN. AVERAGE HOURLY EARNINGS BIGGEST SINCE NOV. 2008




HUGE RT : *PARTICIPATION RATE IN U.S. RISES TO 62.9% IN JAN. FROM 62.7%











BBG: "Payrolls -- Prepare to Be Underwhelmed"



JPM AM: 286k Citi: 275k BoFA: 265k Deusche: 240k MEDIAN: 230k

 Credit Sussie: 230k HSBC: 225k BNP: 220k GS: 210k UBS: 200





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RT : *`WE DON'T DO' BRIDGE LOANS, DIJSSELBLOEM SAYS ABOUT















will ask Eurogroup for "bridge agreement" until it presents overall debt and reform plan: government official ~RTRS /via





Sorry to say but Varoufakis asking for a 'bridge' agreemnt without presenting any reform plan to the Eurogroup is not going to work.






"My social media feeds, and those of people I follow, are now reflecting Greek sentiment changing towards euro exit.”






***Greek fin min varoufakis will not agree to any deal relating to previous bailout programme at next week's Eurogroup - gvt official - RTRS





VAROUFAKIS WILL NOT AGREE TO ANY DEAL RELATING TO PREVIOUS BAILOUT PROGRAMME AT NEXT WEEK'S EUROGROUP - GOVERNMENT OFFICIAL















FINLAND HAS FAILED AT CARRYING OUT REFORMS, LIIKANEN SAYS. Blame austerity






RUSSIA DOESN’T PLAN EXTERNAL BORROWING THIS YR: STORCHAK




Saudi Deepens Asia Oil Discount to Record Low, continues to fight for market share







*ABE SAYS BOJ BOND BUYING ISN’T MONETIZING DEBT. What???









Neil Woodford: “Someone has to blink first and it’s not going to be Syriza.”


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yes. If Germany thinks contagion is limited, they will force default because their negotiating terms are a non-starter for Syriza





Neil Woodford: ‘Expect Greek Default’








Greece hijacks Finnish politics again as government faces ouster




New parliament speaker Zoe : “Parliament cannot be the place where scandals go to die"





Extraordinary Eurogroup meeting on Greece on Feb. 11
















's interview on ARD (speaking domestically) post- meeting should really make nervous:










A deeper look into the problems facing the eurozone by Michael Pettis -long but a "must read"








SYRIZA's Zoe Konstantopoulou elected as Greece's second female parliamentary speaker, with record number of 235 votes





RT Extra on on Wednesday 11 feb, start 17.30 in Lex-building.






Another way of putting Spain sustainability question: what happens when Pension Reserve Fund (drawn down 13 billion Euro 2014) runs out?






Spain's monthly Industrial output performance. Q4<Q3, meanwhile economy accelerated.















Chart: Running out of FX reserves, Ukraine tries last-ditch effort to defend the currency- 19.5% interest rate -








Chart: Trying to comprehend this decline in Ukrainian currency (hryvnia) - a 36% drop in one day against the euro ...