Tuesday, November 3, 2015

Economic News , Data & Views ( November 3 , 2015 ) --- Quick Looks : Refugee Situation at top of the fold ( Valletta Summit on Migration - 11/11 & 11/12 ) ; Italian politics and NPLs in Spain in focus ; Greece items of the day - NBG will sell of wholly owned subsidiary Finansbank after all ; Russian jet victim of on-board bomb / center fuel tank explosion or explosive decompression ? We shall find out shortly ; VW back in the news - and not for any good reasons ; Market Moving News Around The Horn in Europe And For China ! Overview And Odds & Ends At The Top Of the Post !


Evening wrap up !







Surveys suggest 5-Star Movement could win next Italian election via






What a mess...







Commission's following meeting with PM Tsipras says there is a will for compromise in pending issues.







If we are to avoid the worst we must speed up our actions. I call informal on in Valletta 12/11







Some 190,000 people are expected to seek asylum in Sweden in 2015 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














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







BREAKING: Analysis of victims' injuries points to mid-air explosion on board


Embedded image permalink







Refugee / Economic Migrant flows remain very elevated...






Sweden's PM rebukes eastern Europe over refugee crisis
Embedded image permalink




 


Refugees Could Freeze To Death In Europe As Winter Heads Their Way via


Embedded image permalink







Overview .....







Morning Note: 1. VW scandal spreading? 2. StanChart to cut 15k jobs + raise £3.3bln. 3. RBA does nothing



Embedded image permalink










futures open interest at 200x the amount of registered gold in warehouses




Embedded image permalink







Syrian rebels using caged pro-Assad captives as 'human shields'
Embedded image permalink











Europe......






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.








RT - very first relocations from to Luxembourg tomorrow morning, 04.11.









Belgian regional parliament calls for suspension of negotiations over EU-US trade deal











Economy Commissioner Moscovici in Athens to Review Progress of Reforms







G20 leaders meeting to take place next week in Antalya, . 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








The Daily Mail: European Commission considers ‘cash in exchange for migration control’ proposal





Key terms emerge on Greek banks' CoCo bonds

Embedded image permalink







Survey by Shows Financial Markets See Future as a ‘Two-Speed’ Club









Interesting map of comparative VAT rates across Europe - from 17% in Luxembourg to 27% in Hungary


>>
Embedded image permalink








tests new screening process on -hit island







Libyan faction threatens EU with more migrant arrivals. -









Embedded image permalink






Battered Volkswagen shares drop another 3.8% as Diesel scandal widens.

Embedded image permalink






| *GERMAN CHEMICAL INDUSTRY 3Q SALES DOWN 2.5% VS 2Q, VCI SAYS






*GERMAN FOOTBALL FEDERATION OFFICE RAIDED IN FRANKFURT: BILD







| Inactive Population (15.56 million)
Embedded image permalink






| OCT NET UNEMPLOYMENT M/M: 82.3K V +71.0KE

Embedded image permalink







China.....





*CHINA MAY REPEAT TRAJECTORY OF JAPANESE ECONOMY, SILUANOV SAYS





| *CHINA TARGETS ANNUAL GDP GROWTH AT LEAST 6.5% 2016-2020: XINHUA ..."at least"..in Excel GOALSEEK is that =/>?






| *PLA'S FANG SAYS S. CHINA SEA ISLANDS HISTORICALLY PART OF CHINA; *U.S. NAVY PATROL CREATED `DISHARMONIOUS ATMOSPHERE:' FANG






| Both rebar and coke futures posting fresh contract lows...


Embedded image permalink

Embedded image permalink






| *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 TO CUT GASOLINE PRICE BY 125 YUAN/TON: OILCHEM