Thursday, November 19, 2015

Economic News , Data & Views ( November 19 , 2015 ) -- European Updates ( Russia and Ukraine debt issue coming to a head - Russia makes first move with offer to restructure / Russia and Ukraine still battling on other fronts as Russia maintains ban on Ukrainian produce , items of note related to border security / refugee crisis and EUCO / EZ efforts regarding same , Paris Attack updates - ongoing investigations / terror threats elsewhere , Greece updates - domestic & international politics / economic items , Spain political update , Economic and market data - EZ / Finland / France / Bunds ) ..... Asia In Focus ( China , Japan & South Korea Items Of Note )



Europe.....







Russia will restructure Ukraine’s debt but Kiev should recognize its sovereign nature — PM








Police Raids 6 Addresses In Jihadi Breeding Ground Of , , 1 Detained - Report.



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Much fuss and nonsense since yesterday, here is from someone that knows what they are talking about








Seems like the GR government is contemplating 'watering down' the multi-bill that is to be voted tonight in parl to ensure its passing. Hmmm.....









"German officials assessed there is a high threat level but no concrete evidence."


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Dutch govt: coop between Benelux-Germany-Austr signal to lax countries,governing VVD pro "Mini-Schengen"









Portuguese President to consult parties again over formation of new government:









Former Yugoslav Republic of Macedonia building fence @ Greek border to stop migrants. Stavros Tzimas










New propaganda video threatens New York


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MP Sakellaridis, govt spox during Syriza's 1st tenure, close advisor & friend of , resigns after the latter's request.

















Seat of resigned SYRIZA MP will be replaced by Alt. Administrative Reconstruction minister Christoforos








.: Portuguese President may offer PS leader Costa mandate but demand pledge to resign next year and allow for new election.









Russia bans food imports from Ukraine


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'War followed us': Refugees fear backlash after

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Sep Turnover Index in Industry -14.7% (from rev -18.1% in Aug), 12-month trailing -8.1% (ELSTAT).











France to extend state of emergency as police search raid wreckage









- Approval ratings of party leaders (TNS poll). Only of Ciudadanos in positive territory.



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MP Nikos Nikolopoulos said he will not vote the new batch of tough measures tonight










According to several bombs were due to explode in multiple areas of

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: 'Bombmaker' turns himself in, reports say live

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URGENT: 247 jihadists returned to France from Iraq, Syria - PM Valls

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3rd highest monthly current account surplus ever in the , driven not least by effect in lower imports
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5y default probability - derived from CDS - drops below 50% for first time since Dec2014.
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German Bunds continue to rally across the whole curve. Yields now negative out to 6yrs. 10y drops below 0.5%.


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Goldman sharply cuts GDP forecast. Sees 2016 growth at 1.4% vs 1.7%; 2017 at 1.6% vs 2%, 2018 at 1.7% vs 2.4
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Asia.......










Here Comes China: Xi "Vows Terror Fight" After ISIS Executes First Chinese Hostage







| *CHINA PBOC CUTS 7D STANDING LENDING FACILITY RATE TO 3.25%







Morgan Stanley's Bear Puts Zero Odds on 6% Economic Growth.

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| Industrial Output YoY (Cumulative) - crude steel


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| MNI China November Business Indicator: 49.9 v 55.6 prior


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| *KURODA: DON'T SEE PROBLEMS ARISING IF CONTINUE CURRENT QQE ...what are the Japanese words for "ostrich", "sand" & "head"?









Nikkei ends up 1.1% at 19859.81 and Yen strengthens as Bank of Japan has kept monetary policy unchg.

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| As of Nov 18th, total margin debt CNY1.20T v CNY1.15T w/w (highest since Aug 24th)


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| Oct PPI Y/Y: -4.5%


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| Oct crude steel output 9.0M tonnes, +5.0% m/m, -3.8% y/y


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| Oct Exports y/y: -2.1% (first decline in 14 months); Imports y/y: -13.4% v -8.6%e


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| *ABE SAYS JAPAN GDP DECLINE DUE TO DROP IN INVENTORY INVESTMENT ...Phew! Was getting worried for a minute there








Metals raise red flag on ’s 'old economy': Nickel near 12y low as Chinese demand slows


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Good Morning. Asia mkts rise on expectations Fed to raise rates in Dec but that this will be most dovish hike ever.


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