Friday, December 11, 2015

Economic News , Data & Views ( December 12 , 2015 ) Europe In Focus ( Russia keeps interest rates the same / ruble falls along with oil . Greece Economic and political items . Spain Election nugget - PSOE bungles debate and plummets to fourth place. Italian Industrial production increases. ECB related items . EU action delayed regarding sanctions on Russia . Climate Change Talks hit stretch run ) ...... Asia and Emerging markets In focus (Asia stock markets slip on commodity sell-off and China Yuan hits 4-1/2y low-- Various China items of note , Currency matters , commodity crush continues ) ..... Refugee Crisis ( Items of the day )



Europe.....




Evening wrap.....





Doing the time warp again....






UK moving toward military action against ISIS in Libya. Following similar inclination of France ?










Turkey yet to address refugee flows, says PM
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Worried Italians seek to sell out of bank bonds Sellers heading to the exits - and how crowded are they ?








Syrian refugees walk along the roads of the town of Idomeni, northern Greece to cross the border and enter Macedonia
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-creditors reach on next portion of 1 bln euros funds









No one insults The Sultan..










Chart: Brent crude down 5.5%; amazing ...
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China has 2 days to halt the Fed rate hike










'Anything but Le Pen': French turn to tactical voting to stop far right







CHINA'S CENTRAL BANK SIGNALS INTENTION TO LOOSEN YUAN'S PEG TO U.S. DOLLAR








Italy blocking EU extension of sanctions on Russia.







MNI: EU Split on Greece Debt Relief; IMF Role Questionable







Majority of Germans disagree w Merkel's "Wir schaffen das" refugee policy, acc to TNS-Emnid/Focus poll. 49% disagree 44% agree












Two detained in Finland over ISIS executions in Tikrit | Yle Uutiset | yle.fi Yes , ISIS is in Europe !








Crash: Next key level for Brent is 2008 intraday low of $36.20 (and $36.61 close)
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Ukraine pushed to mend fences with Russia to keep IMF rescue via










Morning report....







Alleged executioners featured in youtube video of Tikrit massacre arrested in Finnish centre:









My thoughts for blog ahead of 2nd round of French regional election. Moment of truth approaches.










There goes the planet: Global talks stumble near finish line







AUSTRIA REPATRIATES 15 MILLION TONNES OF GOLD FROM LONDON







Greek government and creditors agree on selloff fund, ADMIE, continue talks on NPLs







Tsipras defends policy decisions on bank recapitalization, migration

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RUSSIAN KEY RATE LEFT UNCHANGED AT 11.00%, AS EXPECTED



















Debate fiasco sends Spain's struggling socialists plummeting in the polls
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Ruble tracking oil price beautifully, buffering weak Russian economy. CBR governor doing a great job.













BRENT CRUDE FALLS TO $39.31/BBL, LOWEST PRICE SINCE 2008









refugee spending could reach €55bn/year, Kiel Institute for the World Economy says in scenario-based calculations. (BBG)









EU said to delay sanctions decision on Italian concerns. (BBG)








heads for worst week since March as IEA sees global glut lasting until late 2016.

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's Draghi has wiped out a market cap of around $1.3trn in global stock markets w/ his communication failure.


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Where has all the ECB money gone? Eurosystem excess liquidity rises to €592.5bn, highest level since 2013.


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Carbon prices drop as Paris climate talks enter ‘Crunch Time’ with divisions over deal.


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Emerging markets and Asia.....





South African Rand continues its fall, hits fresh historic low.

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Nigeria's Naira currency hits record low vs USD







Shanghai Composite trades down as Yuan's further depreciation deepens worries of capital outflow.


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enters currency war: Yuan falls to 4-1/2y low as Central Bank steps back.

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Good morning from Berlin. Asia stock markets slip on commodity sell-off and Yuan hits 4-1/2y low.


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China 'Stealth' Devaluation Continues - Yuan Plunges For 6th Day, Default Risk Soars, Fosun Bonds Crash







Credit Suisse Warns On China: "Some Companies Are Having To Borrow To Pay Staff Salaries"









Chinese Executives love the Game of HIDE-AND-SEEK ?? Where're you...? (pic from )

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Oops... New restriction on ATM (UnionPay) card overseas withdrawal effective Jan.01 2016: Limitation of 10k RMB daily to 100k RMB per year.







List of Fosun Int'l overseas stake:-
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BREAKING: 2 flagship firms of China's largest private enterprise Fosun Group suspend stock trading from 9am today after Chair Guo "missing"











Fosun Listed Units Halted Amid Questions About Founder's Whereabouts: Fosun Group halted tr...








Refugee Situation .....








"The EU has chosen to flex its muscle w/ its weakest member", scapegoating Greece in refugee crisis. By @nmalkoutzis









rapid reaction border forces to include up to 1,200 people


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Great reporting on the shameful, shambolic response to the on











In photos: 53 photographs from 2015 testify to the Syrian

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World goes '': US, European right-wing parties on rise
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Looking back at a that dominated ’s agenda in 2015
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Refugee crisis: We talk to the Syrian women left behind and struggling to survive


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