Wednesday, November 11, 2015

Economicc News , Data & Views ( November 11 , 2015 ) -- Refugee Crisis Updates ( Malta Summit A Focus Today - EU Nations meet with African Leaders On Refugee / Economic Migration , Deaths Off Turkish Coast Continue , Can EU But Genie Back In Bottle - Can Dublin Protocols Be Re-Implemented , How Does Turkey / Lebanon & Jordan's Refugee Problem Get Addressed And By Whom , Germany's Staggering Refugee Bill For 2015 - A Staggering 22 BN ! ) ........ Europe In Focus ( German Wise Men Call On ECB To Slow Expansion Of Balance Sheet , Portugal In Center Focus After Gov't Collapses , Greece Sees Delay In Debt Write-Off Until After Spanish Election , UK EU Reform Push In Focus , Today's Data Splash For EZ Nations , EZ-Wide / Brussels Items OF Note ) ...... Asia In Focus ( China In Japan Items Of Note )




Evening wrap.....







Aussie Bonds Crushed After "Everything Is Awesome" Best October Job Gains Since 2007






Pressure on Ruble rises as oil in free fall. Brent drops >3%.


Embedded image permalink







Acc to JPM, universe of Eurozone regional & local debt securities that ECB is eyeing for QE has a total notional of €400bn, 82% from Germany













REFUGEE CRISIS: Negotiations in Syria offers hope for easing European crisis, senior UN official says -








Slovenia starts erecting razor fence along Croatian border amid migrant crisis










. data increases since 8 Nov 792,883 reach EU by sea in 2015 52% Syria; 19% Afghanistan 65%men, 14%women





Latest data 647,581 reach EU by sea in 2015 62% Syria, 23% Afghanistan, 7% Iraq 62%men, 14%women









Greece is not on the list apparently. German law forbidding deporations back to Greece.







EU's deep dilemmas over laid bare at Malta summit - has the big picture





SWEDEN MIGRATION BOARD SAYS IT CAN NO LONGER PROVIDE HOUSING







Sweden taking charge or a big smack in the face to Germany and EUCO 28 Leadership ?





Constitutional Court's decision is unanimous, and has been reached very quickly.






's minister of interior welcomes 's decision to introduce border controls.









Oh boy , here we go .......







Refugee Crisis......








Oh boy , here we go .......





























EU & African leaders meet for migration summit in


Embedded image permalink










Police and migrants clash for third straight night in Calais 'Jungle'


Embedded image permalink








Embedded image permalink







For refugees & Europe, stakes couldn't be higher. My take on EU response to


Embedded image permalink





Fourteen dead after boat sinks off Turkish coast:
Embedded image permalink







All back to Greece? Can’t see that happening somehow?






EU to promise trust fund worth €1.8bn if African countries do more to help refugee crisis


Embedded image permalink






Migrants heading to EU from Libya fell this year, 140,000 compared with 150,000 in 2014 (AP)






Germany will spend some $22.6bln to accept in 2015 - think tank



Embedded image permalink






Without helping Lebanon, Europe can't fix the refugee crisis
Embedded image permalink







EU migrants on benefits: separating statistics from spin - it is clear the gov't doesn't know the actual figures




Slovenia is installing literal obstacles on its borders to reroute migrants and refugees:










Germany restores EU rules for Syrian asylum seekers via







Over a million apply for asylum in EU so far this year, says








EZ / Broader Europe.....














El Mundo has put up a copy of the Spanish government's appeal to Constitutional Court. Rajoy to speak shortly. More in English here soon.







Unlikely to stop process, as motion says Constitutional Court rulings will be ignored.





















Embedded image permalink







Why are Ukrainians pretending to be gay to enter EU?


Embedded image permalink











EU closer to deal on early financing of euro zone bank resolution fund via
















. leader today: Cameron's is pragmatic. Quotes PM 'more Europe is not always the answer.'


Embedded image permalink








| SEPT ILO UNEMPLOYMENT RATE 3M/3M: 5.3% V 5.4%E


Embedded image permalink










| SEPT AVERAGE WEEKLY EARNINGS 3M/Y: 3.0% V 3.2%E; EX BONUS 3M/Y: 2.5% V 2.6%E


Embedded image permalink








default risk jumps after govt ousted as tiny rating agency DBRS could cut off Lisbon from ECB funding & QE

Embedded image permalink








risk premium over German 10y Bunds jumps to 218bps, highest since Greek crisis after reformist govt ousted


Embedded image permalink







| OCT WHOLESALE PRICE INDEX M/M: -0.4% V -0.6% PRIOR; Y/Y: -1.6% V -1.8%


Embedded image permalink










| DBRS CREDIT RATING OFFICIAL SAYS WILL DISCUSS PORTUGAL POLITICAL DEVELOPMENTS, INCREASED UNCERTAINTY BEFORE FRI RATING DECISION










Merkel's plans for imposing budget discipline on eurozone have become more complicated w/ govt collapse in








Asia......







| *CHINA SAID TO PLAN BOOSTING BOND-SWAP PROGRAM BY UP TO 25%








Yuan Ticks Reserve Entry Boxes as Goldman Sees Outright Yes
Embedded image permalink











| OCT YTD FIXED URBAN ASSETS Y/Y: 10.2% V 10.2%E ...a lowest sincer...


Embedded image permalink











| Containerised (export) freight index at fresh record lows...

Embedded image permalink









's Nikkei manages to end up 0.1% at 19691.39 despite stronger Yen and mixed data from .

Embedded image permalink









Mixed data from . Retail sales beat but industrial production disappoints. (via Citi)
Embedded image permalink









China's 'Nasdaq' Rises For 6th Straight Day As Commodities, Freight Index Collapse







Defaults Spread as Cement Maker to Miss Bond Payment
Embedded image permalink









QQE infinity? BOJ Kuroda: To maintain QQE for time being to beat .


Embedded image permalink












Good Morning from Berlin. Asia shares dither after flat finish on Wall St and ahead of crucial data data from China.


Embedded image permalink









Inside The Fukushima Radioactive Wasteland: A Trip Through The "Exclusion Zone"







SHANGHAI COMPOSITE WILL DOUBLE IN 3 YEARS: REORIENT'S GOLDMAN. Unclear how many sellers will have to be executed first









CHINA WEAKENS YUAN FIXING FOR 7TH DAY, LONGEST RUN SINCE 2012