Catharsis Ours: Economic News , Data & Views ( December 17 , 2015 ) - Overview ( US Federal Reserve Bank interest rate hike campaign has begun and for now , markets approve ! Based on the reaction from the US / Asia overnight and Europe this morning - all is well ! ) Around Horn for Europe (Refugee / Migration items of the day , Brexit / UK Negotiation with the EU items of note in the news , Russia / Oil / Ruble items of note , EZ news of note - Germany Ifo index drops slightly , France needs to borrow a lot of euros ( 198 bn for 2016 ) , Denmark Central Bank considering hiking rates , Greece economic and political items of note , Euro weaker today ) ...... Asia In Focus - Overnight Highlights ( China , Japan , Singapore , Taiwan items of note )

Evening wrap......

IMF #Lagarde to stand trial for negligence http://www.politico.eu/article/imf-chief-lagarde-to-stand-trial-for-negligence/ … >> Anyone guess what the bastard verdict will be? Go on!

‏@AFP

EU leaders set June 30 deadline for new border force to slow influx of migrants http://u.afp.com/ZAPY  

‏@fredwalton216

EUCO Conclusions on refugee / migrant crisis. 

Peter Spiegel @SpiegelPeter

#EU summit #refugee conclusions just posted. Only major change: fast deal push on @EU_Commission border guard plan http://www.consilium.europa.eu/en/press/press-releases/2015/12/17-euco-conclusions-migration/?utm_source=dsms-auto&utm_medium=email&utm_campaign=Conclusions+on+migration+-+European+Council+(17+December+2015 …)

‏@OpenEurope

"Effective answer" needed on EU migrants' access to welfare, Cameron told EU leaders according to @SkyNews. #EUCO 

‏@fredwalton216

Rajoy suffer a concussion yesterday ? 

Vincenzo Scarpetta @LondonerVince

#Spain - PP sources reportedly saying Rajoy is now open to grand coalition with PSOE, but only if PSOE leader Sánchez quits. #20D

‏@business

Corruption claims could derail Mariano Rajoy's bid for 2nd term as Spain's PM http://bloom.bg/1UDazUO  

‏@MiaThalassa

Sweeden: A Record Number of Attacks on Refugee Centers. #RefugeeLifeMatters http://goo.gl/kgr3H7 

‏@fredwalton216

That the IMF has finally confirmed sovereignty nature of debt at issue , is a big point here. 

TASS @tassagency_en

Expert: Kiev implicitly announced Ukraine’s default http://tass.ru/en/world/845106 

‏@BNONews

Poland, Hungary, Slovakia and Czech Republic jointly reject any British EU demand that is discriminatory or limits free movement - REU

‏@Elbarbie

So the BoD of the ESM on Monday will give the final final green light on the disbursement of the 1 billion.

‏@Elbarbie

Green light from EWG for the 1 billion disbursement- however Greece will have to deliver on 3 points that were not concluded till tomorrow.

‏@Elbarbie

Parallel program introduced by #Greek gov will be re-examined by Institutions next year. For the time being its postponed. #EWG

‏@pdacosta

IMF head Lagarde's lawyer recommends appealing decision by French court to bring her to trial http://www.reuters.com 

Morning items......

Europe.....

‏@ManosGiakoumis

#Greece government withdraws draft bill on "parallel programme" tabled in Parliament earlier this week, acc to local media. #politics #ec

‏@SpiegelPeter

"We're not pushing for a deal tonight, but we're pushing for real momentum," says @David_Cameron as he walks into #EU summit bldg.

‏@AFP

Riots erupt as Dutch protest against refugee centre http://u.afp.com/ZAMM 

‏@minefornothing

Online Poll Puts U.K. Campaign to Leave EU Into The Lead http://bloom.bg/1UDmPod 

‏@ManosGiakoumis

#Greece #unemployment fell further to 24% in Q3 on seasonally increased employment http://www.macropolis.gr/?i=portal.en.economy.3451 … #economy 

‏@MacroPolis_gr

Greek primary cash surplus notably widens by 1.9 bln to 4.48 bln by November https://shar.es/1G64lJ  #Greece 

‏@dannyctkemp

Migrant crisis, Britain dominate final EU summit of a long difficult year. @AFP's wrap https://in.news.yahoo.com/migrant-crisis-britain-dominate-european-111009231.html …

‏@nstamouli

#EU leaders to pressure #Turkey on #migrant #crisis via @WSJ by @valentinapop http://www.wsj.com/articles/eu-leaders-to-pressure-turkey-on-migrant-crisis-1450353782?tesla=y …

‏@DailySabah

Dutch PM Rutte under parliamentary scrutiny for deal with druglord
http://sabahdai.ly/TifXsF 

‏@DailySabah

LIVE — PM Davutoğlu: Turkey and Germany to hold high-level cooperation meeting in Berlin on Jan. 22

‏@AmbWittig

One of GER's most prominent economists told @DieWELT: #refugees are a stroke of luck for German economy. Here's why: http://www.dw.com/en/deutsche-bank-refugees-best-thing-thats-happened-to-germany-in-2015/a-18916133 …

‏@HDNER

EU sees little drop in migrants since #Turkey deal: Document http://bit.ly/1Nz2QlQ  

‏@SputnikInt

#Putin wraps up his annual #PutinPresser; if you missed the live session, watch it here: http://sptnkne.ws/arzg 

‏@moved_average

#Brexit | *EU'S TUSK SAYS PARTS OF UK PROPOSAL ARE UNACCEPTABLE ..Technocratic monstrosity moaning because he might actually have to do work

‏@Schuldensuehner

While Putin is speaking at presser, #Russia Ruble keeps falling as Crude oil extends its decline after Fed rate hike 

‏@Schuldensuehner

Putin says #Russia's economic crisis has peaked amid #Oil slump. http://bloom.bg/1UD8wA0  

‏@moved_average

*DJ EU Juncker: Open Minded on How to Solve 'Complicated Situation' on British Reform Demands ..."open minded" ...what a <<INSERT HERE>>

‏@Schuldensuehner

#Germany's Ifo index drops to 108.7, undershooting forecast of 109.0 BUT still points to GDP YOY growth of about 3%. 

‏@moved_average

#France | *DJ France to Examine Prospect for Syndicated 50-Year Bond in 2016

‏@moved_average

#France | *FRANCE'S AFT SEES STATE FINANCING NEED OF EU198.5B IN 2016 ..."need"

‏@moved_average

#Denmark | *DANSKE BANK: DANISH RATE INCREASE HAS `MOVED CLOSER' ....someone's been very long Tuborg Julebryg last few days!

‏@Schuldensuehner

#ECB lowers Greek ELA ceiling to €75.8bn from €77.9bn, lowest level since Apr2015. (BBG) #Greece 

‏@Schuldensuehner

Investors re-risk after the Fed decision. #Germany's benchmark index Dax trades 1.9% higher after open. 

‏@moved_average

#Sweden | *DJ Volvo: South America Nov Truck Deliveries -63% Y/Y; Asia -9%; Europe +40%; N America -2% (& easy comps); Other Markets -37%

‏@moved_average

#Greece | GREECE NEEDS TO FULLY OWN BAILOUT: WEIDMANN TO NAFTEMPORIKI ...Yeah! What he said.

‏@Schuldensuehner

#Euro drops to $1.0854 as 2y Bund/US Treasury spread widens to 134bps on CenBank divergence after Fed rate hike. 

Asia.........

‏@moved_average

*VIETNAM CENTRAL BANK TO KEEP DONG, RATES STABLE THIS YR: HONG ...no point going long dong then

‏@moved_average

#China | *CHINA TO HOLD CENTRAL ECON. WORK MTG. DEC. 18: PEOPLE'S DAILY ...got to fix that GOALSEEK bug in the GDP excel spreadsheet

‏@Schuldensuehner

Good Morning from Berlin. #Fed’s lift-off seems to have gone well so far, w/ Asia stock mkts rally on wonderful hike 

‏@moved_average

#Japan #China | *DAGONG CUTS SOVEREIGN CREDIT RATINGS OF JAPAN

‏@moved_average

#China | Offshore CNH weakest since March 2011.... 

‏@moved_average

*TAIWAN CENTRAL BANK CUTS KEY INTEREST RATE TO 1.625% 

‏@moved_average

#Singapore | NOV ELECTRONIC EXPORTS Y/Y: 0.7% v 5.2%e; NON-OIL DOMESTIC M/M: -3.8% v +0.4%e; Y/Y: -3.3% v +1.5%E 

‏@moved_average

#Japan | Nov Imports y/y: -10.2% v -7.3%e ...3rd straight month imports down 10%+...down every month in 2015 

‏@moved_average

#Japan | Nov Exports y/y: -3.3% v -1.6%e; largest decline since Dec 2012 

Catharsis Ours

Thursday, December 17, 2015

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