Monday, October 19, 2015

Economic News , Data & Views ( October 19 , 2015 ) - Asia / Emerging Markets Updates ( China economic data reflects weakest quarterly growth in six years , Saudis delaying payments to contractors - low oil price / high domestic budgetary demands / foreign policy inflicting cash flow woes , No stimulus needed in Japan - so says former BOJ member Nakahara , Brazil's President Rousseff to face impeachment request by Tuesday ) ...... Europe Updates ( Refugee situation becoming more complicated in the Balkans , Greece items of the day , Spanish public debt crosses one trillion euros , Russia GDP falls 4.3 % Y/Y , EZ Construction falls 6 % Y/Y in August , Cyprus chilly on Turkish EU ascension chapter being unfrozen , Brexit items , Germany in focus )


Overview ......





Morning Note: 1. Deutsche Bank shakeup. 2. Saudi Arabia delaying contractor payments. 3. China GDP 6.9% Vs est 6.8%














Good morning from Morlet, France. Asia risk markets pare their drop as GDP calms hard-landing fears.















Asia and Emerging Markets.....










*BRAZIL 2015 GDP EST. CUT TO -3.1% FROM -2.7% AT BTG PACTUAL








Pretty good snapshot of China's slowdown since 2012 (or "economic rebalancing" whatever floats your boat (via UOB).





















Absolute yawner of a session despite it being China GDP day: Japan -0.9% HK -0.2% China 0% H-Shares +0.1% Australia 0% Korea 0% SE Asia 0%








Saudi Arabia Said to Delay Payments to Government Contractors










Breaking down the Chinese Economy: Services 51.4% Industry 40.6% Agriculture 8%











Former BOJ Board Member Nakahara Says Stimulus Not Needed Now











China's factory output growth fell to 5.7% - its lowest since the fourth quarter of 2008.










Recap of data just released from China. Growth slows to below 7% for the first time the GFC














Lawyers to File Rousseff Impeachment Request by Tuesday, Folha Says







Europe ......






GERMAN FINANCE MINISTRY SPOKESMAN SAYS GERMANY OPPOSED TO ANY CHANGES TO EUROPEAN STABILITY PACT DUE TO FINANCIAL BURDEN OF REFUGEE CRISIS














Balkans struggles with growing backlog of refugees and illegal migrants via









Minister says gov't not bound by findings of experts' pensions report











gov't official confirms creditors' 'Quadriga' to arrive in Athens on Tuesday /via









Open Europe poses ten questions for the referendum ‘Remain’ and ‘Leave’ campaigns







Turkish man falls victim to an Islamophobic attack on London bus





















Spanish public debt rose 3.9% Y/Y in August to €1.05 trillion








Russia Q3 GDP -4.3% Y/Y









Eurozone construction output falls 6.0% Y/Y in August









UNHCR SAYS MORE THAN 10,000 MIGRANTS ARE IN SERBIA, SPOKESWOMAN WARNS OF 'LACK OF FOOD, BLANKETS, EVERYTHING'










CYPRUS FOREIGN MINISTER SAYS CANNOT CONSENT TO EU OPENING FROZEN ACCESSION CHAPTERS WITH TURKEY








Russia’s Kuzbassrazrezugol will cut is coal exports to Europe by around 4.5 million tones in 2016 due to low demand and prices





















TELEGRAPH SOURCE A member of Mr Cameron’s senior team said: "There is absolutely no way that I will be voting to stay in the EU.

















may need new debt in 2016 to pay for refugees, Spiegel reports.


















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