Monday, November 9, 2015

Economic News , Data & Views ( November 9 , 2015 ) -- Spain In Focus ( Catalan Parliament Begins Debate On Independence And Rupture From Spain ) .... Greece In Focus ( Political Front Updates , Troika / Quad Talks / Bailout Tranche Status , Economic Items Of Note & Greece's Banks , Arsonists Attack Syriza Offices In Athens / Syriza Death Threats Allegedly Made To Ex -Minister ) ...... Refugee Situation ( Refugees Continue To Pour Into Greece Even As Germany Says It Might Be Reaching Its Limits Of Capacity , Can Merkel Keep Disparate Europe Together During The Refugee Crisis ? We Shall See ) ..... Asia In Focus ( Asia Stocks Mixed W/ Japan & China Up, Korea & EM Asia Down As US Jobs Data Boost Rate Hike Expectations )


Evening Wrap.....




Negative is the new normal: rate setters converge on December deposit rate cut.
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Registers Record Number of 10,201 Weekly Claims
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EU considers Balkan centres to check migrants








PM Davutoğlu calls for combined int’l air and ground campaign against ISIS
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Eurogroup ponder Greece bank recapitalisation via ESM (two big paras) and 5 Presidents Report (one small one)









So , Greece now has until the end of the week to address the open issues to get the pending 2bn bailout tranche. ..










Schaeuble - From the points Greece has committed to implement as a condition for payment of first tranche, a large part hasn’t been met yet










VW 5y default probability jumps as Fitch has cut rating again, from A to BBB+ outlook neg, 3 notches above junk.
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BREAKING: air strikes hit 448 terrorist targets

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Slovaks says bank recap issue is holding up Greek cash release. Chicken. Egg.







Europe.....




Spain in focus ....




LATEST: Rajoy says government will hold an extraordinary cabinet meeting on Tuesday on Catalan separatist motion.


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14 hours agoLATEST—CATALONIA: Rajoy has signed petition for urgent State Council resolution on illegality of declaration.


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. wants Rajoy to notify Mas and begin proceedings to take over government of Catalonia immediately.











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Catalan parliament votes 72-63 to approve FIFTH, SIXTH points of separatist motion.


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Catalan parliament votes 72-62 to approve FOURTH point of separatist motion.

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Catalan parliament votes 72-63 to approve SECOND, THIRD points of separatist motion.

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Catalan parliament votes 71-63 to approve FIRST point of separatist motion.


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The separatist motion is first being read out point-by-point.






Voting on separatist motion beginning in Catalan parliament.








Arrimadas (Ciudadanos): "You don't even have majority to change the Catalan Statute, or the electoral law, never mind declare independence".







Arrimadas (Ciudadanos): "This is so senseless you weren't even able to convince a majority of Catalans" at elections.






Arrimadas (Ciudadanos) reminds listeners Catalonia has one of the highest levels of self-government in Europe.






Albiol (PP) finishes his speech with "Long live Catalonia, and long live Spain!".













UPDATE: PUBLIC PROSECUTOR STUDYING CHARGES OF SEDITIOUS CONSPIRACY FOR CATALAN LEADERS, EL ESPAÑOL REPORTS








Any attempt by Spain to cut regional financing to Catalonia would be very delicate balancing act given tightly-coupled economic connections.







Podemos spokesman tells Catalan separatists they are proposing a "declaration of insurgency filled with rhetoric".















Next up: Anna Gabriel, from the radical far-left CUP. "This is an act of rupture for us"






Romeva ends his speech, to loud applause from separatists: "The time has come to go full speed".







Romeva going over the points in the Catalan separatist motion, saying the future Catalan govt. should now only obey the Catalan parliament.








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Greece......






Stathakis says political solution seen in bad debt dispute
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Greece's National Bank shrinks loss in Q3


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France wants deal between Greece and lenders at Eurogroup


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About 3,000 refugees and migrants arrive in Piraeus, more to come


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No Lufthansa flights in and out of Athens due to strike


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Arsonists attack three SYRIZA offices in Athens


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Déjà vu for Draghi as ECB debates whether more stimulus needed


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Ex-minister to take claims about death threats from SYRIZA members to prosecutor


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| *DJ Eurozone Finance Ministers Won't Release EUR2 Bln Loans Slice for Greece at Mon Meeting -- Officials








Refugee situation.....














warns refugee capacity ‘reaching limit’
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Spain welcomes first refugees from its EU quota: 11 Eritreans and a Syrian arrive in Madrid



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TODAY: Interior Ministers are meeting to discuss on . Doorsteps starting at 13:30 CET. Watch live:









Tempelhof Airport's use as major refugee centre reignites row over its future


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Waters are calm today, refugees and migrants arrive with no trouble
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Merkel's legacy will depend on her ability to hold Germany and the EU together
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Over Half Of Poles Against Hosting Middle East, African Refugees

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Broader Europe.....





Global GDP worse than official forecasts show, Maersk says.

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yields hit 10-week high as leftists challenge government
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's Sep Trade surplus drops to €19.4bn vs forecasts of €20bn as imports rose 3.6%, way stronger than expected

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EU to decide on sanction extension in Dec summit, Handelsblatt reports.







Asia......





| Exports Y/Y: -11.0% v -11.7%e; Imports Y/Y: -20.0% v -17.5%e


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Nikkei starts the week 2.0% higher at 19642.74 on a way weaker Yen.
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| Imports Y/Y: -18.8% v -15.0%e ...12th straight decline


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| OCT TRADE BALANCE: $61.6B V $62.2BE


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's govt bonds slide most this year as IPOs to resume and Fed expected to raise rates.

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stocks shrugged off horrible trade numbers as regulators said it would allow IPO to resume after Jul halt.
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Good Morning. Asia stocks mixed w/ Japan & China up, Korea & EM Asia down as US jobs data boost rate hike expec.


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