LATEST: National CIS election survey results: PP: 28.6%, 120-128 seats; PSOE: 20.8%, 77-89; Ciudadanos: 19.0%, 63-66; Podemos: 9.1%, 23-25;
Eu official:Institutions wil give short overview of what has happened+what is in pipeline no operational or political conclusions 2b drawed
Could remaining €1bn in current #Greece bailout tranche be extended to Jan if reforms not done? Presents "severe problems," says #EU off'l
February is the new December for #Greece.
Greek police official says 26 Pakistanis deported from Greece being returned after Pakistani gov refuses to take them, 'action to be taken'
Border agency director troubled by internal EU fences http://dlvr.it/CvjsjS
#Greece | *EU OFFICIAL: WORK CONTINUES TO SET UP GREEK PRIVATIZATION FUND..the same fund that should have sold €50B by at least 2 years ago?
Greece seeks debt relief deal in February 2016 http://www.snsanalytics.com/66EVy7
Greece hits back at EU members threatening it with suspension from #Schegen: http://openeurope.org.uk/daily-shakeup/eu-considering-resurrecting-internal-borders-in-schengen-zone-for-two-years/ … #migrationcrisis
Pakistan refuses to let 30 refugees deported from Greece off plane http://sabahdai.ly/5tYUnH
General strike in Greece today. Unions say "ordinary working Greeks have had enough". http://www.theguardian.com/business/live/2015/dec/03/ecb-stimulus-qe-negative-rates-mario-draghi-live#block-56600eece4b0bd851920c22d …
Draghi says #ECB Board to avoid meeting investors in quiet period. Ssys quiet periodic 7 days prior to policy meetings. (BBG)
BNP expects #ECB to cut deposit rate by 20bps to -40bp, a €10bn increase in monthly pace of QE, and an QE extension by a year to Sep2017.
Euro soft ahead of #ECB policy decision as Goldman expects #Euro to drop to $1.03 on another dovish surprise.
Time for big bang from #ECB: While consensus is for 0.1ppt reduction to -0.3%, many expect a bigger cut. (via BBG)
#Spain services activity rises at sharpest rate in 3 months in Nov. Headline index at 56.7 http://ow.ly/VpVdu
German Composite Output Index rises to 8-month high of 55.2 (54.2 in Oct), signalling further #GDP growth in Q4
Final Germany Services Business Activity Index at 14-month high of 55.6 in Nov (54.5 in Oct) http://ow.ly/VpWx0
Business activity growth in #France eases to 3-month low in Nov. Headline index at 51.0 (52.7 in Oct) http://ow.ly/VpVXq
November sees solid rise in Italian service sector business activity (Index at 53.4) http://ow.ly/VpVwf
#France | *FRANCE MAY CHANGE CONSTITUTION TO EXTEND STATE OF EMERGENCY:AFP
How far will Draghi go today? Mkt expectations are quite high. 2y German govt bonds yields trade near low at -0.435%
#France | Q3 ILO UNEMPLOYMENT RATE: 10.6% V 10.4%E; MAINLAND UNEMPLOYMENT RATE: 10.2% V 10.3%E
Goldman expects #Euro to drop 3% tdy on Dovish Draghi as output gap in #Eurozone tremendous. http://bloom.bg/1TlGyHG
Emerging Nations ......
#SouthAfrica | NOV SACCI BUSINESS CONFIDENCE: 82.7 V 88.4 PRIOR
#Erdogan @FRANCE24:if we were buying oil from #Daech,I wouldn't stay in power,those who accuse us should leave power http://f24.my/1XjpLvb
#Oil rebounds as the Opec rumour mill starts to speed up. Saudis to Propose conditional Cuts http://bloom.bg/1jzYQbV
#Oil #Iran | IRAN OIL MIN URGES MEMBERS THAT OVERTOOK IRAN'S PRODUCTION SHARE TO REDUCE OUTPUT TO RESTORE STABILITY IN THE MARKET - SHANA
Standard Bank South Africa #PMI edges closer to stabilisation, rises to 49.6 (47.5 in Oct) http://ow.ly/VpVp2
Caixin #China #PMI surveys signal return to growth in November. Here's our analysis: http://ow.ly/Vq93D
#India | NOV PMI SERVICES: 50.1 V 53.2 PRIOR ...business optimism at record low
#Australia | OCT TRADE BALANCE ...18th consecutive deficit
#Japan | *KIUCHI: EFFECTS OF QQE HAVE ALREADY BEEN DIMINISHING
#China | Bans Some Asset Mgmt Products on Financing Concern: Herald http://epaper.21jingji.com/html/2015-12/03/content_27055.htm …
Nikkei closes almost unchanged at 19939.90 while Yen strengthens on #ECB decision day.