Friday, November 13, 2015

Economic News , Data & Views ( November 13 , 2015 AKA Friday the 13th ) -- Europe Updates ( Refugee / Economic Migration Crisis Items For Today , German GDP dips to just 0.3 for Quarter 3 , France GDP grows to 0.3 For Quarter 3 , Finland GDP For Sept - Y/Y -2.6 vs -2.1 , Portugal GDP Disappoints , Greece GDP Data / Sept Import Prices In Industry , Netherlands GDP At Just 0.1 % Disappoints , Commodity Crunch Items , ECB / EZ Items , Spain Items , Poland Banking Item - MBank Swiss Franc Loan Worries Remain , Greece Items Of Note - Economic / Domestic & International Politics including Troika / Bailout Related Items ) ...... Asia In Focus For Friday the 13th ( Around The Horn In Asia - Mayanmar , China , Japan , Asia / EM Markets In Focus ! )


Europe.....
















Merkel's Prickly Protector: Schäuble support means coup Is out.
















dedicates millions to stopping flow of migrants, Ghanians would beg to differ


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Western world has shut down its doors on Syrian refugees, President Erdoğan says


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"What would happen if 2.2 million Syrian refugees walk into Europe?" the president asked.






Turkey, EU agree on refugee plan amid expectations of leaders’ consent - DIPLOMACY via

Key details below


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According to the plan, Turkey will continue to provide shelter to refugees on its territory but will receive financial assistance from the EU. The deal also envisages the revitalization of Turkey’s accession talks by opening more chapters and providing visa-free travel to Turkish citizens to the Schengen zone. In return, Turkey will start to implement a readmission agreement for migrants.









EU to hold refugee summit with Turkey on


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Opinion: Germany needs to use both its heart and its head when tackling


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‘10,000 refugees entered Norway in October - many crossing over Russian border’ (Op-Edge)



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- Caretaker PM Passos Coelho suggests amending Constitution to allow for immediate snap election.






weakens a tad after Q3 GDP misses.

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Netherlands disappoints: Dutch 3Q GDP growth slows to 0.1% on quarter from 0.2% in Q2 way below BBG forecast of 0.4%

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| PRELIMINARY Q3 GDP Q/Q: 0.2% V 0.3%E; Y/Y: 0.9% V 1.0%E ...trend "growth"

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Chart: Portugal's GDP disappoints -

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ELSTAT releases Q3 GDP flash estimate and Sep Import Price Index in Industry.
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| Sept GDP Indicator Y/Y: -2.6% v -2.1%


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France economy grew by 0.3% in Q3. Growth boosted by internal demand, inventories but held back by net foreign trade.








Highlights include German and EU GDP, EU Trade Balance, UK Construction Output, US Retail Sales, PPI and Fed’s Mester









Global Commodity crunch on demand angst. Bloomberg Commodity Index drops to lowest level since 1999.


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ECB Weidmann: Low inflation driven by energy; economy "not doing too badly."








Fear is mounting : Suez has moved its Spanish headquarters from Barcelona to Madrid last month.






Fitch sees: "increased tensions between the two governments and possible civil disruption in the region".













Spanish bank to close 26 branches, cut 187 jobs in Portugal. Spanish GDP likely to decelerate in Q4. Catalonia Cut to Junk by Fitch








Poland should wrap it as a toxic asset and sell it to Switzerland, no?









Good Morning on GDP Super Friday. Eurozone & 7 of its members will publish Q3 data that should show steady recovery.

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Migrant crisis: European Council president Tusk warns Schengen on brink of collapse

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RBS to Deepen Job Cuts at Investment Bank to Save $3 Billion







Secretary of State John to visit on Dec 4, discuss , energy, , report Greek media






10-mon budget prim surplus at €4.52bln, €2.09bln above target. Budget deficit at €808mln, €2.07bln better than target (MoF)






MoF and BoG requested from the lifting of capital controls applied on stock market (via )








Working Group via teleconference to be held on Sun, acc to Gov Council of Econ Policy.










Government Council of Econ Policy says the target for completing negotiations & reaching an agreement by Sat is abs feasible.









said aggregate reduction in capital shortfall due to LME stood at €721 mln.








Greece’s 50 First Days Under the New Government Through the Numbers and Figures









Orbán: The once proud Europe is now begging Turkey for safety, instead of protecting its borders.








Orbán: Hungary rejects the plan of transferring one million migrants from Turkey to Europe.










Striking Greeks take to tension-filled streets in austerity protest


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Transport and public services come to a halt


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Eurozone Industrial Production Drops 2nd Straight Month In September








Draghi: We Are Not Short on Tools To Reach Our Inflation Targert








EU Insists on Joint Greek-Turkish Patrols in Aegean to Tackle Refugee Crisis









Draghi Says Greek Banks Probably Won’t Need Full €25B Aid


- That very scary moment when the President of ECB treats €25B with "probably"







Asia.......




| Data suggests recession is likely | Sept Conference Board Leading Eco Index M/M: -0.8% | Sept Tertiary Industry Index M/M: -0.4%






: Aung San Suu Kyi's opposition wins a parliamentary majority in a historic shift in power from the army






Asian equities traded lower in a continuation of the downbeat trend seen in the US yesterday with the S&P 500 now trading negative YTD








Goldman Says Only China Can Rescue Metals as Miners' Cuts Won't








Nikkei ends down 0.5% at 19596.91 w/ Yen strengthens vs Dollar as risk sentiment turned sour.


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Suu Kyi's NLD officially wins super-majority. Let's suspend cynicism for a moment. The Burmese have spoken--and their voices were heard.






| SEPT FINAL INDUSTRIAL PRODUCTION M/M: 1.1% V 1.0% PRELIM; Y/Y: -0.8% V -0.9%


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Mao money, Mao problems: China's cash machines ‘snub’ new hi-tech 100-yuan notes.

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Japan’s PM seeks to discuss peace treaty with Russian president at G20 summit








Shanghai Comp turns lower as Dr Copper, the metal w/ the PhD, signals econ uncertainty. Copper hits fresh 6y low.

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| Iron and Steel Assoc (CISA): China Jan-Oct apparent steel consumption -5.7% y/y

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China's Troubled Credit Swells to Sweden-Sized $628 Billion









Asia markets skid on de-risking. There is nervousness about "policy divergence" & disruptions that come with it.


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Japan Was Just Added To List Of "Partially Dangerous" Places For Tourists To Visit In The World









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