Thursday, October 29, 2015

Economic News , Data & Views ( October 29 , 2015 ) - Europe In Focus ( Refugee Crisis Matters ; Data splash for the Morning - German employment data , CPI data - Bavaria / Spain , Austria PPI , UK Housing price data ; Greece related news ) ..... Asia In Focus ( Items of interest for the morning - mainly from China and Japan , Australia New Home Sales data , South Korea items & India GDP items though ! )


Europe....




German employment growth was 0.9% Y/Y in September, below levels in the UK and US







Total of 11 migrants (7 children) confirmed dead in Aegean over past 24 hours. Another 38 feared missing from big Lesvos wreck (242 rescued)





*HUNGARY REFUSES TO ACCEPT ANY ILLEGAL MIGRANTS, LAZAR SAYS






Austrians snapping up shotguns as thousands of Mideast refugees enter country


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consumer sentiment falls from -7.1 in Sep to -7.7 in October - EU Commission







UPDATE - to cut 35.000 jobs










Refugees refusing to leave bus in 'too cold' Sweden to be removed






Bavaria October CPI +0.5% y/y, Tops 0.2% pan-German Forecast






Germany's unadjusted unemployment rate 6.0% in October, lowest since German unification 25 years ago







Smugglers are increasingly using big wooden boats in the Aegean. When one of them sinks, many people drown








Race against winter increases pressure on desperate Syrians to reach Greece








Returning to crisis-wracked Greece





Pharmacists suspend rolling 24-hour strikes, for now
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| OCT PRELIMINARY CPI M/M: 0.7% V 0.7%E; Y/Y: -0.7% V -0.6%E

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| Sept PPI M/M: -0.3% v -0.5% prior; Y/Y: -1.8% v -1.5%

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Alpha Bank launches exchange offer on outstanding debt







State revenues miss target by 2 billion euros







| OCT NATIONWIDE HOUSE PRICES M/M: 0.6% V 0.5%E; Y/Y: 3.9% V 3.8%E

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at 2-1/2-month high after Fed keeps Dec rate hike on agenda. Euro trades <$1.10.


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bond markets drop moderately after somewhat hawkish FOMC statement. 10y German bund yield rises to 0.46%.

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should show determination in implementing reforms: FM Steinmeier














EU risks 'tectonic changes' as migrant flow swells to over 700,000






Greek-German debacle, migrant mess & VW case remind us that ’s good intentions are eclipsed by self-interest 








Asia.......






That's... a lot








*INDIA GDP TO GROW 7.5% IN FY16, WORLD BANK REPORT SAYS >> ahead of China.







| SEPT HIA NEW HOME SALES M/M: -4.0% v +2.3% PRIOR; biggest decline in 14M ...quick! Cut rates!

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Li floats new China 5y growth of 6.53% in order to achieve govt's goal of prosperous society

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Good morning from Berlin. Asia stocks slip as opens door to Dec hike, despite positive response on Wall Street.

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Nikkei closes up 0.2% at 18935.71as Sep industrial prod surprised on the upside but unexp hawkish Fed spoils party.

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| SEPT PRELIMINARY INDUSTRIAL PRODUCTION M/M: +1.0% V -0.6%E; Y/Y: -0.9% V -2.6%E

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New smartphone subscriptions fell 35% at key outlets in Tokyo area last fiscal yr: Reuters





WON SLIDES 1.1%, SET FOR BIGGEST DROP SINCE AUG. 11





SAMSUNG ELECTRONICS TO BUY BACK 11.3T WON OF SHRS






JAPAN SEPT. INDUSTRIAL OUTPUT RISES 1.0% M/M The last data point the BOJ is looking at