Thursday, April 23, 2015

Economic News , Data and Views ( April 23 , 2015 ) - Early news and data from Europe , Data and news overnight from Asia , Greece items of interest


Tweets....

Updates at blog tweet feed during the day ....





Markit:Output prices in the French private sector fell further in April




  retweeted

GERMANY APRIL MANUFACTURING PMI FALLS TO 51.9; FORECAST 53 - But... but cheap Euro?





Spain rate of new household formation weakened in Q1 - not good news for home sales.







Greek 2yr yields drop as may ask Europe to buy bonds to pay for redemptions.















European equity movers this morning: Michelin (ML FP) +4.8%, Pernod Ricard (RI FP) +3.3%, Novartis (NOVN VX) +2.3%






European equity movers this morning: Michelin (ML FP) +4.8%, Pernod Ricard (RI FP) +3.3%, Novartis (NOVN VX) +2.3%







Looking ahead, today sees the release of a slew of Eurozone PMIs, UK retail sales and weekly US jobs data






Chinese equities benefitted from further easing hopes in the wake of another contractionary HSBC flash Mfg PMI reading





sells JPY 0.4trl in 40yr JGBs, bid/cover 2.58, prev. 3.397, High. yield 1.4700% vs. Prev. 1.550%... NO THANKS!







BREAKING: HSBC Manufacturing PMI (Apr P) M/M 49.2 vs. Exp. 49.6 (Prev. 49.6); 12 month low






CREDIT DEFAULT SWAPS SHOWS BOND RISK IN JAPAN AT A FRESH 2008 LOW!!







Today --> Greece PM Tsipras to meet German Chancellor Merkel





Europe’s move against Gazprom may defang Russia, but it won’t be easy





Morning Note: 1. China Japan PMI miss. 2. DB poised to settle libor. 3. Greece's 5-year bailout request anniversary





KURODA: TIMING OF REACHING 2% COULD DELAY SLIGHTLY INTO FY16






Scary chart of the day: Private sector debt in emerging vs developed markets (via JP Morgan)








The IMF’s Harmful Debt Restructuring Proposal by












The German 10-year yield has tripled in under a week





CREDIT DEFAULT SWAPS SHOWS BOND RISK IN JAPAN AT A FRESH 2008 LOW!!







KURODA: BOJ BUREAUCRATS ARE STUDYING TECHNICAL DETAILS OF EXIT. It's all good y'all







KURODA: WILL NEED TO DISCUSS EXIT STRATEGY EVENTUALLY. Just after the BoJ holds 150% of Japan's GDP in JGBs






KURODA: NOT CONDUCTING MONETARY POLICY TO TARGET A WEAKER YEN. Just higher nikkei








No Greek deal expected before May, says ~ live updates:









Why will still default despite govt interest payments are not that large rel to GDP.








has a massive debt problem. Now moving to new model where check is not blank anymore.







industr gauge drops to lowest in 12mths, shows China needs to do more to stabilise econ