Monday, June 8, 2015

Economic News , Data and Views ( June 8 , 2015 ) Greece Updates ( State of Play in Talks Seems To Be - Ball Of Confusion .... Tsipras may or may not meet Merkel / Hollande , GR may or may not seek Emergency Summit or Program Extension - More Questions Than Answers ) , Broader Europe ( German Data - Trade Surplus Widens to 22.3 BN Euros In April , Industrial Output Rises InApril 0.9 % , Dax His Correction Territory ..... Spain - Air Traffic Controllers Begin 4 day Strike , 8 More Cases of Diphtheria reported ) ..... Emerging Markets News - Turkish Election Weak Performance and Loss of Majority By AKP dents Lira And Markets There ..... China Export and Import Data Sags...... Moscow Trade Deal With Iran Moves Forward


Tweets....


Greece....



*Greek government spokesman says Greek PM has made clear that this government will fulfill four-year term, elections not in our plans - RTRS





Greek gvt spoxman: our proposal is starting-point for talks but athens is willing to work to a deal allows for compromise between both sides







* Greek government spokesman says Greek government had warned it needed a deal so it could avoid a move like bundling of IMF payments - RTRS









Sakellaridis says gov't has "no plans at the moment" to ask for emergency EU summit



Sakellardis admits uncertainty is damaging Greek economy but adds "there's been prolonged uncertainty for the last five years"





Sakellaridis says 47-page set of proposals is proof Greek gov't wants solution. "Nobody can accuse us of seeking a rift," he says







Sakellaridis suggests Greek gov't not seeking programme extension at this stage as its the accompanying terms that are the problem






's Varoufakis: Had long conversation w/ Schäuble. Says he did not negotiate w/ Schäuble. 2y ylds at almost 25%





Sakellaridis says Juncker, Merkel & Hollande informed that will make renewed proposals in due course, did not give timetable









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Gr. gov needs Love! GREEK GOVT SPOKESMAN SAYS EXTENSION TO GREEK BAILOUT IS NOT SOMETHING THAT CORRESPONDS TO GREEK GOVT'S NEEDS RIGHT NOW



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: institutions ready for talks "provided that all sides concentrate on remaining issues to be solved" ( Commission spokesman)








CREDITOR PROPOSAL CAN'T BE ACCEPTED BY GREECE: GOVT SPOKESMAN





Reuters: French finance minister says Grexit would be "no drama"





French official cited need for a Greek deal by 14th June... next deadline approaches







OFFICIAL: HOLLANDE-MERKEL-TSIPRAS MEETING ONLY IF HOPE OF DEAL





GREEK GOVT DOESN'T INTEND TO HOLD SNAP ELECTIONS: SPOKESMAN





Broader Europe..


's Dax falls 10% from April high on Bund rout, enters correction territory.






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German surplus widens to €22.3bln in April (€19.4 in March). rose 1.9% (+1.3% in Mar) , fell 1.3% (+2.4% in Mar)






German industrial output rises 0.9% in April (-0.4% in March). Manufacturing output: +0.7%, Energy: +1.4%, Construction: +1.3%



Eight more cases of diphtheria confirmed in Catalonia, health authorities confirm. More to follow









FULL STORY: Spanish Air Traffic Controllers Begin 4-Day Partial Strike To Protest Sanctions For Barcelona Colleagues








Emerging market news...



Turkish Markets: 1. USDTRY record high. 2. Turkish bond yields surge. 3. Borsa Istanbul plunges over 8%















MAIN TURKISH SHARE INDEX FALLS 8.15 PERCENT AFTER AKP FAILS TO SECURE MAJORITY IN ELECTION






China's GDP Growth Overstated By 1-2% Due To Calculation Glitch, Capital Economics Says





Hungary Becomes First European Country To Join China's New Silk Road Initiative










China's exports fell 2.5% Y/Y in May ... EU -6.9% Japan -8.1% USA +7.8% Things really starting to unravel now





Russia & Iran start grain-for-oil deliveries, 100k tons already shipped









Kremlin Says It's Not Surprised by Tough G7 Stance on