Catharsis Ours: Economic News , Data and Views ( June 10 , 2015 ) - Broader Europe In Focus ( French Industrial and Construction Data Disappoints , Finland Industrial Productions Swoons Badly , UK Industrial Output Rises and Factory Input Falls , Bunds Under Pressure Once Again- Cross 1% In Yield For Ten Year , EU Shrinks As % Of Global Economy , Euro Tracks Bund Today ) ..... Greece In Focus ( Economic Items , State of Play For Ongoing Creditor Talks - Cold Water Poured On Gr Proposals , Mixed Messaging On State Of Second Bailout And Whether It May Be Extended , Ball Tossed Back To Greece and What Does that Mean For The Talks ? )

Wednesday, June 10, 2015

Economic News , Data and Views ( June 10 , 2015 ) - Broader Europe In Focus ( French Industrial and Construction Data Disappoints , Finland Industrial Productions Swoons Badly , UK Industrial Output Rises and Factory Input Falls , Bunds Under Pressure Once Again- Cross 1% In Yield For Ten Year , EU Shrinks As % Of Global Economy , Euro Tracks Bund Today ) ..... Greece In Focus ( Economic Items , State of Play For Ongoing Creditor Talks - Cold Water Poured On Gr Proposals , Mixed Messaging On State Of Second Bailout And Whether It May Be Extended , Ball Tossed Back To Greece and What Does that Mean For The Talks ? )

Tweets....

Morning Overview.....

‏@FerroTV

Morning Note: 1. MSCI holds off on China stocks. 2. Tsipras Merkel Hollande head to Brussels. 3. Kuroda slaps USDJPY 

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fred walton retweeted

‏@moved_average

#Finland | Nobody talking about this...APR INDUSTRIAL PRODUCTION Y/Y: -4.0% V -4.5% 

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Jonathan Ferro retweeted

Kuroda lifts yen, Bunds get slammed and yet another meeting on Greece. Here's what's been talked about this morning http://bloom.bg/fivethings 

Broader Europe.....

‏@Schuldensuehner

.@NeoSephiroth86 @JensKlattFX @gsignoret Yield spreads betw 10y UST & Bunds have narrowed. Thats part of explanation. 

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‏@Schuldensuehner

10yr Bund yields and Euro move together like Siamese twins. 

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GERMAN 10-YEAR YIELD CLIMBS TO 1%, FIRST TIME SINCE SEPT. 25

U.K. APRIL INDUSTRIAL OUTPUT RISES 0.4%; EST. 0.1% GAIN
U.K. APRIL FACTORY OUTPUT FALLS 0.4%; EST. 0.1% GAIN

MineForNothing retweeted

‏@lemasabachthani

*GERMAN GOVT OFFICIAL SAYS MERKEL-TSIPRAS TALKS NOT CONFIRMED

‏@minefornothing

French construction output collapses 6.4% on 3m/YoY basis in April. Something badly wrong here.

MineForNothing retweeted

‏@moved_average

#France | APR INDUSTRIAL PRODUCTION M/M: -0.9% V 0.4%E; Y/Y: -0.1% V 1.0%E 

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MineForNothing retweeted

The EU has shrunk as a percentage of the world economy http://bit.ly/1f200vi  #EUreferendum #Brexit 

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Greece.....

The Greek Analyst retweeted

#Greek Turnover Index in Wholesale Trade in the Q1 2015 compared with the Q4 2014 decreased by 5.6%. !!

The Greek Analyst retweeted

‏@ManosGiakoumis

#Greece raised €1.625 bln from 6-m T-Bill auction at 2.97% & €1.3 bln from 3-m at 2.7% (both yields unch from prev month). #economy #markets

‏@ManosGiakoumis

#Greece in deflation 4 the 27th straight month, CPI -2.1 in May. http://www.macropolis.gr/?i=portal.en.economy.2599 … #economy #euro #ec #ecb #imf 

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#Greece pharmacists on strike as they oppose non-prescription drugs being sold in supermarkets. That includes paracetamol and aspirin.

‏@minefornothing

Six Charts Show Six Months of Economic Unraveling for Greece http://www.bloomberg.com/news/articles/2015-06-10/six-charts-show-six-months-of-economic-unraveling-for-greece …

Peter Spiegel retweeted

‏@katie_martin_fx

Back to the drawing board. Again. 
@SpiegelPeter on the latest Greek reform plans >>  http://on.ft.com/1L130VR 

* German Fin Min spokesman says at moment talks are continuing so any question of extending bailout is inappropriate - RTRS

‏@minefornothing

TALK ABOUT EXTENDING GREECE’S SECOND PROGRAM MISPLACED: JAEGER

German Lawmakers To Vote Against Greek Bailout Saying Athens "Not Serious At All" http://www.zerohedge.com/news/2015-06-10/german-lawmakers-vote-against-greek-bailout-saying-athens-not-serious-all …

Nathan Tankus: The Operational Issues of a Grexit Part One: Understanding the Payments System: The Greek rulin... http://bit.ly/1IEWqnA 

* German Fin Min spokesman says in theory it is possible to extend greece's second bailout programme - RTRS

‏@minefornothing

THIRD GREEK AID PROGRAM NOT ON THE AGENDA NOW: GERMANY

So how is ECB getting paid then?

* German government spokeswoman says Merkel has no conditions before possibly meeting Tsipras - RTRS

The Greek Analyst retweeted

‏@g_evgenidis

Recap: @PrimeministerGR meeting with @eucopresident in 15', meeting with @JunckerEU not in sight, meeting with Merkel+Hollande unconfirmed.

The Greek Analyst retweeted

* German government spokeswoman says Merkel works very closely with Fin Min Schaeuble on Greece and there is mutual trust - RTRS

The Greek Analyst retweeted

‏@LondonerVince

Latest Greek proposals "don't reflect state of discussions" with lenders, European Commission spokesman says. #Greece

The Greek Analyst retweeted

EU's Schinas: #Greece's latest reform proposals "do not reflect" state of last week's #Juncker - #Tsipras talks. 

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The Greek Analyst retweeted

Moscovici sounds like he gave Greeks a ticking off last night. Primary surplus targets not good enough for an audience with Merkel today?

The Greek Analyst retweeted

‏@TradeDesk_Steve

Guardian reporting that the IMF and other creditors insisting on the 1% primary deficit target ffor Greece for this year,

The Greek Analyst retweeted

* EU commission says ball now clearly in the court of the greeks in cash-for-reform talks - RTRS

‏@graemewearden

Brussels briefing underway - live feed http://ec.europa.eu/avservices/ebs/live.cfm?page=1 … 

Mehreen @MehreenKhn

EU spox: "Ball is clearly in the court of the Greek gov". Moscovici told Greeks counter-proposals do not reflect Tsipras remarks to Juncker

‏@graemewearden

German MP warns Greece's plans aren't serious - live updates http://www.theguardian.com/business/live/2015/jun/10/greece-creditors-reforms-tsipras-merkel-hollande-live … 

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‏@GreekAnalyst

Minister of Health Kouroumblis says that "Obama is in panic mode because of #Greece" 

SKAI.gr @skaigr

Κουρουμπλής: Σε πανικό ο Ομπάμα λόγω Ελλάδας http://dlvr.it/B92kqb 

The Greek Analyst retweeted

‏@NikiKitsantonis

Amid rumors that Tsipras-Merkel-Hollande meet may not happen, Greek gov source reports no feedback to revised proposals.

MineForNothing retweeted

‏@Darlington_Dick

*GERMANY'S FUCHS SAYS CURRENT GREEK OFFER `NON-NEGOTIABLE'

‏@minefornothing

Finland's Foreign Minister says Greece will not automatically be granted new aid if required http://m.france24.com/en/20150609-finland-more-reliable-greeces-syriza-says-eurosceptic-fm?ns_campaign=reseaux_sociaux&ns_source=twitter&ns_mchannel=social&ns_linkname=editorial&aef_campaign_ref=partage_aef&aef_campaign_date=2015-06-09&dlvrit=65413 …

‏@minefornothing

GREECE TALKS THIS WEEK SAID TO MAKE NO PROGRESS TO END IMPASSE

‏@minefornothing

GREECE, CREDITORS SAID TO DISAGREE ON TARGETS, MEASURES

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