Saturday, December 12, 2015

Economic News , Data & Views ( December 12 , 2015 ) - Around The Horn For Saturday ! Europe In Focus - Front Burner Items ( Refugee Crisis , Germany , Italy , Greece , Spain , Climate Change , Security Matters ) ..... Asia and Emerging Nations ( Japan & India's Nuclear Deal - addition items from Japan and/ or India , India , China Items ) ...... Data / Markets Splash from Charles Bilello !



Overviews / Look Forward.......








FOMC on deck - Wednesday !








Watch Robert Reich on why it's not time for Janet Yellen to raise the interest rates.Share too!







Economists really want Janet Yellen to explain what gradual means


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S&P500 has NOT recorded 2 consecutive days rise for 26 trading days! Not a good sign.


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Special Report: Rate Decision is Next Week - Brace for Potential Volatility


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Economics next week: FOMC announcement, flash results for Dec, , UK labour market update











Europe.......









Thousands of opponents to new government march in Poland











Embassy staff were trapped in bunkers being attacked by Taliban for hours after Rajoy declared they were all safe.












Lots of new details in this article for you.











BREAKING: Global climate conference adopts historic deal.










Proposed agreement asks developed countries to take the lead on climate financing and asks others to pitch in voluntarily







's 5y default probability rises to 19% on low BUT markets a lot less concerned compared to Jan or Aug.


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Merkel defends contested refugee stance ahead of congress, EU meet










COP21: "the deal makes it clear that richer nations are not liable for the losses of vulnerable nations."








"The 31-page pact does not have binding language or a mechanism to force countries to live up to the promises to cut greenhouse gases"






Final draft of global climate change deal is complete


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Europeans circulate Syrian, Iraqi passport watchlist: diplomats /via










COP21 on the verge of clinching a landmark accord. But price for in free fall.
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anti-govt rally gathered 50,000 people, town hall sources quoted as saying by local media



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German President Gauck says cannot take in all "economic refugees", "it wouldn't work". | ← "economic refugees"? Hm...










Italy. A tale of 2 nations. Lombardy is 136% richer than Calabria. That's twice the gap between Germany & Greece
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govt & the Institutions reach agrmnt on 2nd set of milestones that wll unlock €1bn subtranche. Omnibus draft bill to parliamnt today










Cartoon at Greek newspaper EfSyn, portraying Schaeuble leading a Nazi tank made with 'Die Welt' parts.

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Tsakalotos tells journalists that & lenders have agreed on details of 13 prior actions for next 1bln bailout tranche. Vote next week























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









Greece, Croatia and Italy face legal action for inadequately documenting refugees


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Despite storms, deaths & Turkish arrests, the # of ppl reaching Greece hasn't dropped below 2k per day since 1 Dec
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Asia & Emerging Markets








’s biggest shipping groups to combine in multibillion deal:









Japan, India PMs talks on track for bullet-train deal










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.: Life under Indonesia's choking haze


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's surprise adds to year-end worries BUT don’t be afraid of China’s currency basket.

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BREAKING: Fosun orders all Fosun-invested Chinese media to delete news about missing chairman Guo, sources tell SCMP
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China: I guess the Yuan devaluations can stop now











Bitcoin Breaks Out Higher After China Announces Crackdown On UnionPay POS Devices








BOJ’s JGB Holdings to Exceed That of Domestic Banks, Nikkei Says










- Is Saudi Arabia leading to a train wreck?

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Markets // Data - Charles Bilello .....









Global Equities, YTD total returns (local currency)...



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Currencies vs. US $: New multi-yr lows this week in Colombia, Norway, South Africa, Mexico, Canada, India, China.



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Yuan ends the week at its lowest level since July 2011. More rate cuts/devaluation likely from China.
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EM Currency Index at new lows, down 40% from its peak in 2011.



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Commodities, Credit, and Capitulation. New Post.


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Global Equities. US closest to all-time highs - only 3.7% below. Greece furthest - 91% below its peak in '99.


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Currencies: new multi-year lows today in South Africa, Canada, and Argentina. China very close to new lows...


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It's official: everyone is bearish on Crude.
'85-86: -63% '90-93: -65% '96-98: -54% '08-09: -68% '14-15: -66%


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Seeing real signs of capitulation here in commodities/credit. Nothing goes straight to 0. Vicious bounce coming.


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Commodities: new 52-week lows today in Crude Oil, Heating Oil, and Live Cattle.
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CRB Commodity Index...
Dec 10, 2002: 187 Dec 10, 2015: 177 13-year low.


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