Friday, May 1, 2015

Economic News , Data and Views ( May 1 , 2015 - Holidays in much of Asia and Europe today ) - Greece Updates ( Greece and its creditors set to talk through the weekend in the hope of reaching an interim deal , financial status of Greece / red lines for talks / EWG items of note ) ...... Broader Europe items of note (UK data - Consumer Confidence / April Manufacturing PM , Bond land / Qe and ECB in focus , Euro strength in focus , Grexit in focus , May Day - Labor unions and Income Inequality ) ..... Asia also in focus ( China takes on Uber , China celebrates May day , Apple item ) ...... Japan in focus ( B of J and JGB in focus )


Tweets....

Greece....






Greece said to proceed with privatization of ports, airport










Greek bailout talks to stretch into the weekend








Greek workers take to the streets to oppose austerity on Labor Day







"My answer is simple: No, no, no" on some creditor-demanded reforms; talks head into weekend






FYI: The Parliament's Budget Office has NO influence over the cabinet's policymaking - unfortunately.




talks at 'Brussels Group' continue today. Greek side expected to present fiscal consolidation measures targeted at 1.5% prim surplus






Tsipras says Greece 'close' to a deal that will respect mandate, 'red lines'




The could raise ’s current T-bill issuance ceiling (at €15bn) if there was an “agreement in sight”





cabinet meeting on recent developments lasted 5 hours, according to local media.





President travels to Paris, Berlin and Rome on 6-8 May mainly re situation in .







Broader Europe....









U.K. APRIL MANUFACTURING PMI 51.9 VS 54 IN MARCH; EST. 54.6








UK MARCH CONSUMER CREDIT +1.242 BLN STG, BIGGEST INCREASE SINCE FEB 2008









hits 2m high this morning at $1.1284 a tad below 100d MA of $1.1294 (not broken since May2014).










No Mayday for bears as split in policy seen capping strongest monthly rally in 3.5yrs.  






‘Sell in May’ resonates for bond investors after april rout in US treasuries and Bunds.













Asia......



Chinese Authorities Raid Uber Office






China's May Day holiday starts in gridlock for travelers











BREAKING: Official Manufacturing PMI (Apr) M/M 50.1 vs. Exp. 50.0 (Prev. 50.1)










Apple only has 19 stores in China in 10 cities which together account for a urban population of ~100m or 13% China urban population










With China away from market, overnight trade was relatively subdued, although the Nikkei 225 was weighed upon by yesterday’s BoJ decision









offers to lend 400bln in as a secondary source of supply of some issues for settlement today!











said to be meeting investors for a potential bond sale....







LDP lawmaker Yamamoto says he is disappointed that the refrained from easing






Shanghai, Hong Kong, Taiwan, South Korea, India & Singapore markets all closed today due to public holidays...GREAT!!