Monday, July 27, 2015

Economic News , Data And Views ( July 27 , 2015 ) - China in focus as stocks on the main exchange fall 8.5% ! .... Around the horn for Europe - Greece Updates for today , EZ politics , ECB Taper potential !


Morning Tweets.....



THIS





CHINA SHANGHAI COMPOSITE FALLS 8.5% TO 3,725.56 AT CLOSE





  1. Just last week, several senior Chinese officials began to talk about "success" in managing stock market stability. And now? Over-confident?!






Chinese gov fund today giving up 2 key bluechip-focused ETFs - ETF180, ETF50, both down 9%; Beijing pledged to buy ETFs to boost stock index






Yesterday once more: Shanghai benchmark index is heading down to its biggest fall in 8 years amid investors rapid selloff in panic - again!






BREAKING: Chinese stock market extending losses rapidly in last few mins - now key Shanghai index down nearly 8%, under 3800 points in panic







Shanghai Composite's 8.48% drop is the biggest since Feb 2007, but also the second-biggest since 2000. Ouch.








ALL CHINA CSI300 INDEX FUTURES DOWN MAX DAILY LIMIT 10 PCT






sees RED as Dr. smells a rat. Shanghai Comp crashes in tandem w/ Copper.













: HSI -3.1%; CSI300 -8.6%; Shanghai Comp -8.5%; Shenzhen Comp -7%.








Europe.....






"Nowadays the phrase 'steady job' means nothing in Spain." Black economy clouds recovery.














GREEK REGULATOR SAYS STOCK MARKET WILL REMAIN CLOSED UNTIL A NEW GOVT DECREE IS ISSUED











Italian FinMin Padoan joins call for Eurozone political union. Beyond rhetoric, real appetite presumably lower following talks.




  1. GERMAN JULY IFO CONFIDENCE AT 108.0; MEDIAN FORECAST 107.2








EURUSD through 1.11















Fitch puts Greek banks' capital needs between 11.2 and 15.9 bln












's Cœuré: Question's no longer whethr to restructure debt but what debt relief measures wld be useful to the economy ~









2 Tsipras is strengthened by Varoufakis/Lafazanis wild plans. By resisting them, he comes across as sensible. Easier now to kick out rebels.








EZ inflation expectations likely to fall further.













Yup. I did. Not sure they were dramatic though. But is now clearly off the cards.







A better deal is surely possible, but will it happen?













Varoufakis parallel payment plan puts Tsipras in even deeper bother as officials from institutions arrive in









Leader of Podemos in Catalonia says he thinks it would be a good idea if left-wing parties formed a popular front to win genera election.








Germany makes up €zone rules as it goes along to suit political purposes - strong column by @eurointelligence via






BOJ's Nakaso calls for swift Greek bank recapitalization






Coast guards aided more than 1,500 migrants in Aegean since Friday