Thursday, November 12, 2015

Economic News , Data & Views ( November 12 , 2015 ) - Quick Hits For Thursday - Refuge Crisis ( Schauble compares refugee wave to an avalanche / Sweden and Slovenia work on border fences / EU set to start paying off Africa to stem refugee flows - after offering to pay off Turkey to stem refugee flows. Expect refugee flows to increase if payments actually are made by the EU ) ...... Around The Horn From Europe ( News / Data of the day ) ..... Asia Updates ( News / Data Of Note ) !



Evening wrap....





Europe.....






Catalan Parliament moving ahead with independence plans...








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CATALONIA CUT TO JUNK BY FITCH






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8 hours agoPhiladelphia, PAfred walton Retweeted Journalism.net.in
Are they also " refusing " to take the 3 billion or whatever the latest pledge might be ?







Summit with Turkey upcoming ?








European Commission proposes giving 3bn euros to Turkey to help with hosting refugees.

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Schengen: Why Europe's passport-free travel zone is "on brink of collapse"
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EU to hold special summit with Turkey on refugee crisis





Markets.....





LACKER: EGREGIOUS MON POL ERRORS CAN SERIOUSLY DAMAGE ECONOMY









GLENCORE PARES 13.3% DECLINE IN LONDON, DOWN 10.1%. bullish








8 hours agoNational Bank of Greece -9.15% in New York






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Refugee Crisis






crisis over!










Germany's Schäuble likens migrant wave to 'avalanche'


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German U-turn on Syrians: Merkel’s attempt to calibrate refugee policies to reality:









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EU leaders approve 1.8-billion-euro migrant 'trust fund' for Africa


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Sudan wants EU to finance Libya border control




Swedish interior minister confirms Sweden to reintroduce border controls.









Europe’s need for ’s cooperation in is forcing EU leaders to moderate tone against








Infographic: Burundi's refugee crisis - Over 210,000 people fled Burundi since April



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Europe......






Standard answer.








| So-called "Eurozone" industrial production...

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Asked abt call for strike on own bailout agreement, says: "The would not like to offer a comment."












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BREAKING: Molotov cocktails thrown at police in , Greek unions protest


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| GREEK POLICE FIRE TEAR GAS AT ANTI-AUSTERITY DEMONSTRATORS IN ATHENS










SYRIZA's split personality for today's general strike in , as seen by cartoonist Ilias Makris











Building Activity (permits) -11.4% in Aug, -0.9% in 8-month and -7.5% over the trailing 12 months (ELSTAT).











Aug seasonally adjusted Unemployment at 24.6% from rev 24.9% in Jul and 26.2% in Aug 2014 (ELSTAT).












Subtweeted hint: See you at Monday's Working Group where you'll be asking for the €2bn tranche.










*DRAGHI SAYS GREEK BANKS PROBABLY WON'T NEED FULL EU25B AID ...oh wow...quick... buy Greek banks








Another day, another low: 's 2y Schatz yield just hits fresh low of -0.372%.
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| OCT CPI M/M: 0.1% V 0.1%E; Y/Y: 0.1% V 0.1%E ..Riksbank going to have to go deeper...negatively speaking
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drops below $1.07 on dovish Draghi comments.


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| OCT CPI M/M: 0.1% V 0.1%E; Y/Y: 0.1% V 0.1%E

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| 5Y TSY-BUND spread highest since 1999 ....
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| Treasury Secretary Lew urges to reconsider its stance on Ukraine debt deal ...he'll never get that breath back



















4 hours ago | OCT RICS HOUSE PRICE BALANCE: 49% V 45%E
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| *LUFTHANSA STRIKE LOSSES IN DOUBLE-DIGIT MILLIONS, BILD REPORTS







Asia .....





| OCT PPI M/M: -0.6% (5th straight decline) V -0.4%E; Y/Y: -3.8% (7th straight decline) V -3.5%E


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| OCT NEW YUAN LOANS: CNY513.6B V 800.0BE

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China | OCT AGGREGATE FINANCING: CNY0.5T V 1.140TE

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's Nikkei ends flat at 19697.77 despite machinery orders that beat forecasts.

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Good Morning from Berlin. Asia mkts mixed as oil stabilizes after recent plunge and not much movement on macro front


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