Monday, June 1, 2015

Economic News , Data and Views ( June 1 , 2015 ) Asia Overnight ( China, Vietnam , India , Indonesia , Japan headline news from Asia ) ....... Broader Europe ( Italian Elections Key Non - Greece News , A Novel Cyprus solution using Bailout Fund Write Offs , Ukraine Migrants get cold shoulder from Europe / Debt Restructure Item ) , Greece Updates ( Weekend Round Up On Key Item Touching on Greece Situation )



Additional items at blog tweet feed ....



Broader Europe and Asia ....




Italian premier's Democrats facing loss in key regional race

































Ukrainian migrants fleeing conflict get a cool reception in Europe




seen prevailing in creditor showdown Over Debt Write-Off.











South Korea’s Exports Slump by the Most in Almost Six Years







Vietnam Manufacturing PMI Rises to 54.8 in May (53.5 in April) -- Strongest Since PMI Series Began in April 2011





Macau casino revenue -37.1% Vs est -38.5%





: HSBC manufacturing PMI rises slightly to 49.2 in May but New Export Orders sink to a 23 month low of 46.8





Stocks re-energize with Copper on factory data.







The Daily Shot; June 1, 2015: Global Macro Currents -





India Manufacturing PMI Rises to 52.6 in May, From 51.3 in April



Indonesia Manfctg PMI at 47.1 in May; Buying Levels Drop at Fastest Pace in Survey History Amid Falling New Business






Chart: China's non-manufacturing PMI (from CFLP) shows services sector growth continues to moderate 
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CHINA HSBC MANUFACTURING PMI 49.2 IN MAY. 3rd contraction in a row






CHINA MAY MANUFACTURING PMI 50.2; EST. 50.3




Japan manufacturing PMI improves slightly in May, 50.9 up from 49.9 in April.













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Greece.....






Rumours of a deal to be announced at 2pm BST today, ( via mni)





At least the latest Market News "Greece is fixed" rumor will be denied within 90 minutes





Elena Panariti just resigned as representative of Greece in IMF











GERMAN GOV'T SPOKESMAN SAYS GREECE IS NOT A TOPIC FOR G7 IN BAVARIA AT WEEKEND, THAT'S FOR THE GREEK GOV'T AND THE THREE INSTITUTIONS













Default, capital controls, euro referendum, new elections. All now real possibilities for Greece, says Goldman:






Germany, France demand changes to EU refugee-sharing plan






EU SAYS `NOT IN BUSINESS OF SETTING DEADLINES' ON GREECE




WANTS DEAL BEFORE IMF PAYOUT DEADLINE, OETTINGER SAYS






Bundesbank's Dombret says It’s Five to Midnight for Greek Banks in interview w/ as deposits drop like a stone.










EU's Oettinger says deal still possible this week.










How default affects political survival in networked democracies



My article in "Europe at crossroads"








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Gov't officials said to draft agreement ahead of new teleconference










PM , Chancellor Merkel & President Hollande held a 35-min teleconference.








Econ Min Stahakis tells Corriere della Sera asks for prim surplus target of 1% for 2015 gradually increasing to 3% in 2018.







PM will meet FinMin to discuss progress of negotiations w/ institutions & appointment of Panaritis at the .




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Tsipras-Varoufakis meeting just finished, reports . Bailout talks & appointing Panaritis as Greek IMF rep discussed











gov't may utilize (additional) €620 mln from social security funds' cash reserves to pay the (via )




Discussions very close to agreement on VAT with 4 (!) rates, the lowest for food at 7% (via ).






52% of Apr depo outflows were in banknotes, their circulation incr by €13.3 bln since Dec corresp to 42.3% of withdrawals.





Disapprove of government immigration policy Spain 77% Greece 75% UK 73% Italy 64% France 64%