Monday, October 12, 2015

Economic News , Data & Views ( October 12 , 2015 ) - Europe In focus ( Greece readies First Omnibus to address Prior Actions for latest Bailout / Political & Economic Items of note for Greece , Merkel to visit turkey Saturday , Spanish Election Items , Volkswagen items , Ruble rallies off oil price strength ) ........Refugee Crisis In focus ....... Asia and Emerging Markets In Focus ( China , Japan , New Zealand in focus - political , economic and market moving items of note )

Morning Tweets......





Europe.....






Merkel to make official visit to Turkey on Sunday







Pro-independence supporters in Catalonia not impressed by today's October 12 parade in Madrid.












































Tax hike may force Russian oil firms to cut drilling - Fitch warns Novatek, Gazprom and Lukoil shares erase gains







Government drafts omnibus bill, keeps eye on debt relief








has said it is recalling almost 2,000 cars in China











Ruble strengthens beyond 61 per Dollar as oil rally continues.













NBG to hold talks with investors on Finansbank options - Turkish unit








Yo-Yo ride for Greek bank bonds and stocks spooked by ECB review










Hoyer sees 47 bln investment by year-end from Juncker plan









Pragmatic Tsipras postpones Greek revolution, trouble lurks









Euro area rescue fund's CFO says bond liquidity to remain high












Morning Note: 1. Glencore to sell assets in Chile + Oz. 2. Fischer talks up '15 hike. 3. FTSE on 8-day winning streak








Refugee Crisis Items.....

















UK response to migrant crisis is inadequate, say senior ex-judges




















calls for grants, not loans for Mideast















Asia and Emerging Markets....





China quality watchdog says 'highly concerned' about emissions issue:










| *CPC TO CONVENE MEETING ON 13TH FIVE-YEAR PLAN OCT. 26-29:XINHUA





| Bank NPLs More Than Six Times Official Level: CLSA









This chart tells the story. FX risk barometer AUDJPY jumps to highest since August after the dust has settled.











Shanghai Comp closes up 3.3% at 3287.66 as Yuan strengthens to highest level since devaluation in Aug.










| Stock market to see lock-up restrictions on shares valued around CNY101B to expire this week - China Daily









| Offshore Yuan at its strongest level since the Aug 12th devaluation <6.3320







| REINZ SEPT House Sales Y/Y: 38.3% v 41.7% prior









| *GM CHINA SEPT VEHICLE SALES FALL 3.9% ON YEAR; JAN.-SEPT. VEHICLE SALES RISE 1.6% ON YEAR














Good morning from Berlin. Asian shares extend an Oct rally. Nikkei up 6% in Oct, China 8%.











Friday: China Threatens U.S., Says Will Not Tolerate Violations Of Its Territorial Waters









If the official data says so, it's true











Ruble, Lira, & Ringgit Tumble On USD, Yuan Gains As PBOC States "China Correction Nearly Over"










Japanese Firms Admit Abenomics Failed, Government Now "Left Trying To Redistribute Wealth"