Wednesday, December 23, 2015

Economic News , Data , Views ( December 23 , 2015 ) Europe in Focus ( Spain Will Be In focus In 2016 As Well , Greece Ite Political Dance Begins As Party Leaders Meet and Postulate , Portugal New Gov't Gets On With Governing , Refugee Items Of Note , Commodities Items Of Note , Brussels Officials Get Pay Raises , UK In Focus , Italy Politics In Focus , France In Focus , Odds & Ends ) ..... Asia And Emerging Nations In Focus ( Asia shares inch higher following Wall St as oil stabilizes - Additional Items Of Note From China , Brazil , Vietnam , Venezuela , Emerging Nations Generally , Odds & Ends )



Europe......




| PP's Rajoy and PSOE's Sánchez meet for 45 minutes. No statements yet.

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budget passed only because Coelho's PSD abstained from voting, while the Socialists' coalition partners voted against. Go figure.










parliament passes amended budget w Socialist Party votes. Left Bloc, Communists and CDS vote against while Coelho's PSD abstains.







African migrant saved from sinking boat wins big in Spanish lottery

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French gross public debt grew 3.3% Y/Y in Q3 to €2.10 trillion, as a share of GDP up to 96.9% from 95.6%








How to bet on oil: Don't via
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ICYMI: Extreme Bears Bet on $25, $20 and Even $15 a Barrel in 2016 via


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Brent settles below WTI for first time since August 2010

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Update: 7 children, 4 men, 2 women is the death toll so far.. The boat capsized off in the early hours.








He's drawing lines with his big red marker again










UK's 2015 current account deficit to end up <4% GDP from 6.2% in Q4 2014 BUT same size as (via SG, Pantheon)
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Basic pay for European Commissioners will rise to £191,500, plus residence payments of £28,700. Merry Christmas!









55,000 EU officials are set for a pay rise of 2.4%, including a lump sum backdated for the last six months - The Times ....




















Interesting calculation, ! market cap around €5,677bn. Euro deval of 9.7% has destroyed €570bn.
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UK savings rate continues to fall, now below 5%
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Someone got the memo from Brussels...








Italy: Beppe 's anti-EU might become 's strongest party soon (Euromedia ). Trend 2015:


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French consumer spending drops sharply by 1.1% in November, down 0.3% Q/Q in the three months ending November








French Q4 GDP number could be negative








French GDP growth revised down to 1.1% Y/Y in Q3, down fro 1.2%







Asia.........










Good morning. Last minute Santa Claus rally in stocks. Asia shares inch higher following Wall St as oil stabilizes.


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's yuan firms slightly as CenBank signals stability.


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How Would World Markets Respond To 4% Chinese GDP Growth? UBS Explains "The Dragon's Tail"












Vietnam's Currency Drops to Limit of Trading Band for First Time









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The One Brazilian Scandal Almost No One Is Talking About










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The Worst May Be Over for Emerging-Market Capital Outflows









Venezuelans in U.S. Linked to $1 Billion in PDVSA Bribes










Zimbabwe To Make Chinese Yuan Legal Currency After Beijing Cancels Debts 

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Russia Sees Holiday Terror Risk at Putin-Era Peak, Governor Says







Top Iron Ore Shipper Cuts 2016 Forecast by 19% as Glut Grows








China Said to Ask Banks to Test Longer Yuan Trading Hours










Nigeria's Buhari Gives First Hint He'll Accept Naira Devaluation









| Nov Total Federal Debt: BRL2.717T


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