Thursday, November 26, 2015

Economic News , Data & Views - November 26 , 2015 ) - Turkey vs Russia Situation ( Neither side is backing down from its positions , Russia deploys S- 400 System to Syria , Turkish imports get mandatory inspections by Russia along with new hurdles imposed on Turkish travelers / truckers by Russia observed ) .... Europe In Focus ( News & Data of the day touching on Greece , Refugee situation , UK & Brexit , Germany & Merkel , Looming Elections - Catalan & Ireland , Europe & Isis fight - Syria / Libya Theaters , Italian non reforms a concern , EZ data of the day , NIRP ) ....... Asia & Emerging Nations In Central Focus ( China / Saudi Arabia / Commodities in focus )


Turkey - Russia Situation.....



Hollande seeks unity with Russia in anti-'IS' coalition
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Russia will respond to Turkey's aggression with defense, diplomatic and economic measures, says PM






Russian foreign ministry urges nationals in Turkey to return home








Turkey’s annual revenues from Russian tourists stood at $10 bln — Russian tourism watchdog








BREAKING: Russian Air Force is currently bombing a Turkey-Syria border crossing.









Russia toughens checks on Turkish goods, all imports now face mandatory inspection


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Medvedev orders economic measures against Turkey including cancellation of joint projects


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Turkey's Erdogan says talk of project cancellations in Russia row are 'emotional'









| *MERKEL SAID TO PROPOSE DEPLOYMENT OF GERMAN TORNADOS TO SYRIA








MORE: PM says strikes would play part along cutting off ISIS' funding & challenging ideology



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BREAKING: Russia deploys missile defense complex in


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OPINION: and on collision course in Syria. columnist writes








39 businessmen from Turkey arrested at Agriculture Exhibition in Krasnodar and will be deported from Russia










trucks face hurdles at ’s customs
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Russia and Turkey refuse to back down in row over jet downing:

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EU to open accession process Chapter 17 with Turkey Dec.15, Central Bank independence key



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Russia on downing of jet by Turkey: "We have serious doubts it was an accident"


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Russia not enemy, says Erdoğan but underlines inviolability of borders | Today's Front Page


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Europe.......





Migrants try to break through Greece-FYROM


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Germans hand out to Greece 10,588 data of suspected tax evaders with assets at Swiss Banks







Another reason to vote for












Net migration to Britain hits new record, putting pressure on Cameron via









still pushing for mandatory EU refugee quotas in the name of "solidarity," tells Bundestag Schengen at risk.









Reminder: Catalan parliament must elect new President by 10 January, or snap regional election automatically called.




















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Tsipras courts opposition as discontent over pensions grows


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Oct private sector deposit outflows at €681 mln from inflows €561 mln in Sep (BoG).


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Latest migration figures give UK little scope to back down over changes to rules on EU migrants' access to benefits






Debt Rattle November 26 2015 - Thanksgiving, like Christmas, celebrates kindness to refugees



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Unpaid bills take toll on PPC profits
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Greek pensioners rally against cuts, workers to strike on Dec. 3








Oct credit contraction at 1.6% YoY from 1.5% in Sep. Net deductions at €412 mln in Oct from €293 mln in Sep.









Educated Greeks show highest rate of unemployment in OECD


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credit crunch continues to ease. Private sector loans grew 1%, loans to households +1.2%, to comps +0.6%.

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.: Slovenia receives €500m to help with refugee crisis






Time for some good news. Oct M3 grew 5.3%, fast than expected 5%. M3 growth points to a much higher CPI.

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to invest €250 mln in banks (Alpha €65 mln, €65 mln, €50 mln, Piraeus €70 mln)









EU is growing frustrated w/ delays in passing necessary legislation underpinning key element of Banking Union







Negative is the new normal. Even 's and 's govt bond yields negative out to 2 yrs now.

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remains under pressure, trades near 7 mth low vs the Dollar as readies the bazooka.

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Europe's central banks in quandary as Fed tightening nears. 1st such divergence since 1994.


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' market value (€ mln): Alpha 664 459 206 Piraeus 67 Total: €1.4 bln share: €821 mln









Sweden will drastically restrict the number of refugees it accepts


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Asia and Emerging Markets.....






Turkey's Erdoğan lashes out at Russia says those claiming Turkey is buying ISIS oil should prove it, ISIS sells oil to Assad









Oh boy , more of the "malicious selling" crackdowns loom ....








BREAKING: China's top brokerage CITIC Securities said it received regulatory notice from CSRC for launch of investigation into whole company







Previously a dozen CITIC senior staff were already detained after market crash for investigations, which now expand to probe entire company







Fitch sees General govt debt peaking in 2016 at about 54%.


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US sanctions businessman buying oil from & supporters


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Fitch doesn't expect IMF SDR incl of Yuan to lead to material shift in demand for Yuan assets globally in short term


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| Saudi Aramco CEO: Will NOT cut oil production in 2016 but will meet customer demand








Fitch: 's reserves were $3,525bn in Oct2015 - down 11% from peak in Aug2014, but still by far world's largest.

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Oil eases on firm dollar, glut after gains on U.S. supply data


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Iraqi Oil Ministry Accuses KRG of Violating Bilateral Oil Agreement -



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Inside Isis Inc: The journey of a barrel of oil



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China's Bond Market Bull Run Seen Lasting for Record 10 Quarters










Good Morning from Berlin. Asia mkts firmer despite geopol jitters. Euro remains under pressure on ECB stimulus bets.


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China's slowing growth is killing the commodities super cycle








fixing near post-devaluation low is bearish sign to SocGen.

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If China Killed Commodities Super Cycle, Fed Is About to Bury It