Morning tweets.....
Greece......
Tsipras is all over the place on policy. Very little on offer for voters beyond whatever personal appeal he retains (and his ratings at low)
At least 10,000 migrants to be ferried to mainland in next five days, minister says http://dlvr.it/C4rYNh
Red Loans Pose Threat to Greek Banks Restart http://dlvr.it/C4tvFZ #Greece
New Democracy and Syriza neck and neck as election looms in Greece http://openeurope.org.uk/daily-shakeup/eu-referendum-bill-returns-to-the-commons-with-government-facing-defeat-over-purdah-rules/#section-5 …
BREAKING: Police deploy water cannons against farmers protesting in Brussels http://on.rt.com/6qro
Pulse for @bankingnewsgr
SYRIZA 27
ND 26.5
G Dawn 6.5
PASOK 6
Potami 5.5
KKE 5.5
Cent Union 4
Pop Unity 4
Ind Grks 2.5
Undecided 10
#Greece
The impact from capital controls clearly depicted in imports (-32%). #Greece #economy #imports #exports
Under its base case scenario, Moody's expects #Greece bank NPL ratio to increase to ~45% from ~36% in Q1 2015. #economy #banking #ecb
Broader Europe including Russia .....
VIDEO: Riot police pelted with hay as farmers protest low prices, high costs http://nbcnews.to/1O8o0uB
Police use water cannons against protesting #farmers in Brussels (VIDEO) http://sptnkne.ws/G9k #FarmAction
Otmar Issing warns against handing over control of tax and spending before democratic political union is established http://www.telegraph.co.uk/finance/11847968/Father-of-the-euro-fears-EU-superstate-by-the-back-door.html …
Belgian migration secretary Francken against new EC refugee proposals "if Eastern Europe doesn't take part" http://deredactie.be/cm/vrtnieuws/politiek/1.2434315 … #POLAND
Hungary's #Orban: EU should pay #Turkey, other countries to help handle migrants http://bit.ly/1O85fY0
WATCH LIVE: Farmers protest falling food prices in Brussels http://www.rt.com/on-air/european-farmers-block-brussels/ …
German govt agreed to a €6bn boost for Refugees. German comps view influx as opportunity to reinvigorate labor mkt. https://global.handelsblatt.com/edition/257/ressort/politics/article/germany-agrees-to-e6-billion-in-aid#.Ve1qfoJrOZw.twitter …
Wow. More info here as farmers around EU gather for mass protest in Brussels http://www.fwi.co.uk/news/live-british-farmers-join-mass-protest-in-brussels.htm … #farmaction
OPEC says join the club, Russia not interested – Rosneft CEO http://on.rt.com/6qr7
Other side of generous Germany: Sharp rise in neo nazi attacks on asylum hostels http://m.spiegel.de/international/germany/a-1050760.html …
Pieter Cleppe retweeted
Danny Kemp 
Looks like the #Brussels pedestrian zone got an extension - thanks to the #milkmanif
Germany to spend $6.6 billion on 800,000 #refugees and #migrants. @BrinleyBruton reports http://nbcnews.to/1KVWUpB
Woman arrested in Catalonia for recruiting people to fight for #Isis http://bit.ly/1JM9frS #Daesh #Spain #Syria
#catalan independence parties look set to win most seats in election, poll says @JuntsPelSi http://bit.ly/1NXCqP4
#Catalonia's #PresidentMas' interview in @LaVanguardia translated to English by @simonharris http://www.barcelonas.com/artur-mas-vanguardia-interview-6-9-2015.html …
Opposition sets up 90 tents on Chisinau main square. Starting to look more & more like Maidan #Moldova. @dacoromania
China , Emerging Markets......
China-Japan share of world economy (PPP).
1990
Japan: 8.8%
China: 4%
2015
Japan: 4.3%
China: 16.9%
#China Yuan (-3% YTD) is still relatively strong in Asia Pacific after depreciation. NZD has weakened 24% vs Dollar.
#Turkey lira hits fresh life time low after deadly PKK attack on soldiers. https://en-maktoob.news.yahoo.com/turkish-lira-hits-low-deadly-pkk-attack-soldiers-083054359--sector.html?soc_src=mediacontentsharebuttons&soc_trk=tw …
Citi: #China reserves depreciation at this level could be kept up for 3 years before the pot would run dry.
JPM expects #China capital outflows to exceed $600bn in next 12 months, which is double
the pre-devaluation pace.
#China FX reserves drop by $93.9bn in Aug, double the pace of Jul & largest mthly drop ever. https://uk.finance.yahoo.com/news/china-fx-reserves-fall-record-082117853.html …
Haidi Lun 伦海迪
Cap Econ puts China's outflows at $130bn in August, up from $75bn in July but "not as large as doom mongers feared"
No QDII for you- China keeps outbound investment quotas frozen for 5th month, efforts to curb yuan exodus continue. http://www.bloomberg.com/news/articles/2015-09-06/china-freezes-outbound-investment-quotas-as-outflows-hurt-yuan …
Taiwan August trade numbers are pretty grim (y/y)
Exports -14.8%
Electronics -11.4%
China -16.6% (40% of total)
ASEAN -19%
Imports -16.7%
Ouch. China spent up big to support the yuan, forex reserves down to $3.56tr end-August (from $3.65tr)- largest monthly drop on record $CNY
Market stability with Chinese characteristics.
SH -2.5% (was +1.8%)
SZ +0.2% (was +3.7%)
CSI300 -3.4%
ChiNext +2.1%
#China closes down after a long holiday. Shanghai Comp drops 2.6%, erasing all initial gains.
BREAKING: Chinese stock market closed 2.52% down as all state banks sank, despite central bank chief said stock market crash "near the end"
Asian Crisis 2.0: Malaysian Ringgit and Indonesian Rupia plunge to new 1998 lows. http://www.bloomberg.com/news/articles/2015-09-07/ringgit-falls-to-new-1998-after-u-s-jobs-data-oil-price-drop …
Callum Thomas
China margin debt is down -57% since the peak, SHCOMP down -38%... #Deleveraging
Um. Man Group China head reemerges to deny being taken into police custody, says she was just meditating for 6 days. http://uk.reuters.com/article/2015/09/07/uk-china-man-group-idUKKCN0R703B20150907 …
BREAKING: Chinese stock regulator says to create "fuse mechanism" to suspend trading if key index sinks too fast, similar to US market rules
MORE: Chinese Gov pledges to let the state agency for margin finance to continue to play its role to stabilize stock market - CSRC spokesman
MORE: At current level, "stock market bubble and risk" have been released to a considerable extent - CSRC spokesman told state media tonight
MORE: Chinese Gov will continue to make "timely and decisive measures" to stabilize stock market esp in unusual volatility - CSRC spokesman
BREAKING: Chinese Gov will not "sit and do nothing" with stock market when seeing potential systemic risk - CSRC spokesman told state media
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