Evening wrap up !
What a mess...
Some 190,000 people are expected to seek asylum in Sweden in 2015 http://www.thelocal.se/20151030/aversion-anxiety-halting-swedish-refugee-talks … In US terms, that'd be around 7 million people
At least this meeting will include and involve countries that are outside of the EU
€238 Billion Nonperforming Loans at Spanish Banks Despite ECB's Helping Hand http://globaleconomicanalysis.blogspot.be/2015/10/238-billion-nonperforming-loans-at.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed:+MishsGlobalEconomicTrendAnalysis+(Mish%27s+Global+Economic+Trend+Analysis …)
US holders of NBG pref shares will be glad to learn from a footnote (p8 NBG prez) that they are bailed-in (with no stock market announcement)
NBG to sell 100 % of Finansbank - purpose of sale apparently to repay HSFS CoCos.
Austrian government moves to tighten asylum rules http://bit.ly/1LO9XrR
BREAKING: Analysis of #A321 victims' injuries points to mid-air explosion on board http://sptnkne.ws #7K9268
Refugee / Economic Migrant flows remain very elevated...
Sweden's PM rebukes eastern Europe over refugee crisis http://on.ft.com/1Q8bGvo
Brendan McDonald @7piliers
Refugees Could Freeze To Death In Europe As Winter Heads Their Way http://bzfd.it/1GJiOME via @RossalynWarren
Morning Note: 1. VW scandal spreading? 2. StanChart to cut 15k jobs + raise £3.3bln. 3. RBA does nothing #AUDUSD
Syrian rebels using caged pro-Assad captives as 'human shields' http://bit.ly/1SkJ9BT
Vice Chancellor Sigmar Gabriel (SPD): will take at least 10 yrs to integrate new wave of refugees - will not be easy, but this is necessary.
Belgian regional parliament calls for suspension of negotiations over EU-US trade deal http://openeurope.org.uk/daily-shakeup/osborne-to-detail-part-of-the-uks-eu-reform-push-in-berlin-speech/#section-8 …
FT: ECB officials met bankers ahead of key monetary policy decisions http://openeurope.org.uk/daily-shakeup/osborne-to-detail-part-of-the-uks-eu-reform-push-in-berlin-speech/#section-4 …
Economy Commissioner Moscovici in Athens to Review Progress of Reforms http://dlvr.it/CdbPcG #Greece
G20 leaders meeting to take place next week in Antalya, #Turkey. Will be twice as interesting to follow, given AKP's surprise landslide win.
Merkel: Closure of Austrian-German border could see re-emergence of “military conflicts” in the Balkans http://openeurope.org.uk/daily-shakeup/osborne-to-detail-part-of-the-uks-eu-reform-push-in-berlin-speech/#section-2 …
The Daily Mail: European Commission considers ‘cash in exchange for migration control’ proposal http://openeurope.org.uk/daily-shakeup/osborne-to-detail-part-of-the-uks-eu-reform-push-in-berlin-speech/#section-1 …
Key terms emerge on Greek banks' CoCo bonds http://dlvr.it/CdZXFS
Survey by @euroinsight Shows Financial Markets See Future #Eurozone as a ‘Two-Speed’ Club http://euroinsight.mni-news.com/posts/1705 #Germany #Greece #Spain
Interesting map of comparative VAT rates across Europe - from 17% in Luxembourg to 27% in Hungary
Libyan faction threatens EU with more migrant arrivals. #Libya - https://euobserver.com/justice/130939
#Russia Ruble edges lower with #oil. http://af.reuters.com/article/commoditiesNews/idAFL8N12Y1BP20151103 …
Battered Volkswagen shares drop another 3.8% as Diesel scandal widens.
#Germany | *GERMAN CHEMICAL INDUSTRY 3Q SALES DOWN 2.5% VS 2Q, VCI SAYS
*GERMAN FOOTBALL FEDERATION OFFICE RAIDED IN FRANKFURT: BILD
#Spain | Inactive Population (15.56 million)
#Spain | OCT NET UNEMPLOYMENT M/M: 82.3K V +71.0KE
*CHINA MAY REPEAT TRAJECTORY OF JAPANESE ECONOMY, SILUANOV SAYS
#China | *CHINA TARGETS ANNUAL GDP GROWTH AT LEAST 6.5% 2016-2020: XINHUA ..."at least"..in Excel GOALSEEK is that =/>?
#China | *PLA'S FANG SAYS S. CHINA SEA ISLANDS HISTORICALLY PART OF CHINA; *U.S. NAVY PATROL CREATED `DISHARMONIOUS ATMOSPHERE:' FANG
#China | Both rebar and coke futures posting fresh contract lows...
#China | *ANALYSIS SHOWS 9-MO, LAG IN FULL IMPACT OF CHINA RATE CUTS: MA ...shouldn't have last November's have kicked in by now then?!
#China | *CHINA TO CUT GASOLINE PRICE BY 125 YUAN/TON: OILCHEM