Thursday, October 1, 2015

Economic News , Data and Views ( October 1 , 2015 ) ...... Greece Updates ( Political and economic items of note - comprehensive round up ) ..... European and Asia Updates ( Manufacturing & PMI Data Out - Broadly disappointing across Europe , as data generally shows slippage , if not outright contraction ( with the exception of France which has returned to expansion territory ) , Asia Data generally disappointing , as well. )


Evening wrap......






Europe.....







Bye bye status of world currency: Euro constitutes 20.5% of glob reserves from 28% in 09. In 2Q € holdings fell $65b









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Portugal Elections: PP Coehlo cites ’s far-left government as an example of how not to resolve a debt crisis










UN expects 700,000 migrants in Europe in 2015, same in 2016; Germany took in 200,000 in Sept



















German MOF Official: Fed's Interest Rate Policy to Be Discussed At Lima Meeting. G-20 to Discuss Whether Timing Is Right to Raise Rates (DJ)




















As Russia enters war in Syria, conflict in Ukraine begins to wind down








Tensions in Austrian government as migrant crisis bites








Potami leader Theodorakis tells his MPs that party won't vote for any new taxes. New Democracy has suggested similar approach






















Morning Tweets.....









Greece......







IMF WILL ONLY PARTCIPATE IN GREEK AID IF EU LOWERS DEBT - IMF SAYS GREEK DEBT CUT OF ABOUT EU100B NEEDED: RHEINISCHE POST CITES






Greek-flagged ships are setting sail for other registers










EWG to decide on prior action list







HFSF hopes for a speedy recap process







PM finds 'open ears' in US to Greek appeal for debt relief






Meimarakis set to announce candidacy for ND leadership





Athens mayor calls for action as tensions rise at makeshift camp







Greece limits short-selling ban to top banks








Clash of generations in ND’s succession battle














Sep Manufacturing PMI +4.2 points to 43.3 from 39.1 in Aug (Markit).











Markit releases Sep Manufacturing PMI, BoG Aug Deposit and Loan Interest Rates.






European Manufacturing and PMI  Data.....







UK manufacturing PMI - new orders index falls to lowest level in 2015








U.K. SEPT. MANUFACTURING PMI FALLS TO 51.5; FORECAST 51.3







Eurozone final Sep MFG PMI 52.0; Flash 52.0; Aug 52.3








's recovery loses some momentum as manufacturing PMI sinks to 21-month low of 51.7 in Sept via










Nevi manufacturing at 6-month low of 53.0 in Sep (53.9 in Aug)









At 50.9 (51.1 in Aug), the Markit Manufacturing signals weakest business conditions for a year in Sep









Markit manufacturing moves closer to stabilisation during September. Index at 49.1 (47.9 in Aug)










Growth of Irish manufacturing output slows to 19-month low, despite headline ticking up to 53.8 (53.6 in Aug)








GERMANY SEPT. MANUFACTURING PMI FALLS TO 52.3; PRELIM. 52.5









disappoints. MFG PMI has lost further ground in Sep. Fallen to 52.7 from 53.8, below cons of 53.4. (via 4cast)













Good news frm : Manufacturing sector returns to expansion territory in Sept. Headline PMI @ 50.6 (48.3 in Aug)








Asia Manufacturing and PMI Data









's manufacturing sector loses growth momentum in Sep: Nikkei at 51.2 (52.3 in Aug)








Nikkei Mfg falls to 47.4 in Sep (48.4 in Aug). Rate of job cuts 2nd strongest in survey history








Operating conditions in continue to worsen at end of Q3. Nikkei at 48.3 (47.2 in Aug)







Nikkei Manufacturing at 49.5, signals declining business conditions for first time in 25 months








Nikkei continues to signal marked deterioration in operating conditions. PMI at 46.9 (46.1 in Aug)








Caixin Composite Output Index at 80-month low of 48.0 in Sep (48.8 in Aug); Services at 50.5 (51.5 in Aug)







Caixin General Manufacturing posts 47.2 in Sep (47.3 in Aug), lowest since Mar'09







South Korean manufacturing sector remains in contraction: Nikkei at 49.2 in Sep (47.9 in Aug)






Nikkei Manufacturing falls from August's 51.7 to 51.0 in Sep. decline for 1st time in 15 months






's Nikkei rallies 1.9% to 17722.42 brushes off weak econ data.









’s Official Factory Gauge Stabilizes Near 3-Year Low.










Good morning. Markets start Q4 in the green but for most people the strength elicited reaction of incredulousness.