Wednesday, April 1, 2015

Economic News , Data and Views ( April 1 , 2015 ) -QE impacts ( Look at German Bunds today ! ) ..... Greece updates ( Greece can pay its bills and other obligations through April - runs out of cash May 15th , items on Greek economy , potential measures to increase revenues ) ..... Data from Europe ( March PMIs for EZ / UK / Greece / Italy / Germany / Spain/ Ireland , Unemployment data for France ) ..... Weak PMIs for Russia , China , Japan - Abenomics faltering and poor Tankan survey to boot !



Tweets....





New record low for 5-year note auction yield. investors pay the German gov't -10bp to lend to it for 5 years. /via






GERMAN 10-YEAR BUND YIELD DROPS TO RECORD-LOW 0.167%. ECB in the house again





German 10Y & 30Y Yields Continue Hitting New Lows:







April Fool's?: Yanis Varoufakis: "Greece to Adopt the Bitcoin If Eurogroup Doesn't Give Us a Deal"










General Accounting Office notifies gov't cash runs out on May 15 - via






Public Debt Agency head Papadopoulos to meet with execs today over next week's T-bill auction ~








New blog looking at what happens if doesn't pay IMF on time - will cross default clauses be triggered?







MoF said revenues from out-of-settlement "voluntary" payment of tax arrears reached €147 mln within 8 days.







gov't has enough cash 2 cover Apr funding needs, said Dep Parliamntary Speaker Mitropoulos (via )








VAT rate may increase in 2 islands & is currently negotiated w/ 's lenders, said Alt FinMin Mardas (via )










Mar Manufacturing PMI +0.5 points to 48.9 from 48.4 in Feb (Markit).







U.K. MARCH MANUFACTURING PMI 54.4 VS 54; MATCHING ESTIMATE ...8 month high







GERMAN MARCH FINAL MANUFACTURING PMI 52.8 (FLASH 52.4, FEB 51.1 ..not exactly setting the world on fire







Markit: March data pointed to a drop in employment at French manufacturers for the 12th successive month







- Manuacturing PMI - "Companies continued to lower their output prices in March in order to secure new business"







EUROZONE FINAL MARCH FLASH MFG PMI 52.2;FLASH 51.9; FEB 51.0 - MNI







* Italy Mar markit/adaci MFG PMI increase to 53.3 (fcast 52.3 ) vs. prev 51.9 - RTRS









Ireland's manufacturing had another good month in March. PMI 56.8 slightly below Feb's 57.5.








World Bank says 's outlook worsens. GDP may shrink 4.6% if oil prices avg $45/bbl. Sees GDP Down 3.8% in 2015 under baseline scenario







Conditions facing Russian manufacturing continue to be "challenging". March PMI 48.1 (vs 49.7 Feb).








China's manufacturing PMI still shows fall in activity in March (49.6 vs 50.7 in Feb).








As Euro Area QE ramps up, Japan's version enters deepening identity crisis.





| TANKAN Q1 LARGE ALL INDUSTRIAL CAPEX Y/Y: -1.2% (first decline in 2 years) V +0.5%E










Weak Japan manufacturing PMI follows weakness in IP data in February.