Wednesday, December 30, 2015

Economic News , Data & Views ( December 30 , 2015 ) Europe In Focus ( Ukraine Corruption In Focus , UK Flooding Continues , Europe In Review For 2015 , Italian Bail Disaster For Depositors , Greece Economic & Political Matters , Spanish Political Drama / Economic Item , Refugee Related Matters , EZ Lending & Monetary Matters , Odds & Ends ) Emerging Nations & Asia (Asia stock markets mixed as #oil rebound fizzles and w/ #China Yuan hits fresh 4.5y low. Additional Items - Brazil , Japan . China , Turkey , Kuwait , Commodities / Energy , North Korea In Focus )



Europe.....









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Is Denmark now the trend setter for Scandinavian asylum policy?





French Labour Ministry released latest jobless claims on Christmas Eve. Total claims +2.5% Y/Y to 3.57m. Wider measure rose 5.1% to 5.44m






Josh : in is so bad, a Nigerian prince would be embarrassed

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Best piece i've read on Italian bank rescue that leaves bitter families marooned via











Un año en Bruselas: Ataques de París ✓ Grecia y sus 8 eurogrupos en 25 días ✓ Crisis de refugiados ✓ Celac ✓ COP21 ✓










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Power cuts, travel chaos and more flood warnings issued as Storm Frank hits UK






Nov credit contraction at 2.2% YoY from rev 2% in Oct. Net deductions at €458 mln in Nov from €412 mln in Oct.








Scandal in Greek Parliament: retired MPs to get €100K retroactive since 2008








Greek Economy Minister Doesn’t Rule Out Tax on Banking Transactions










Territorial integrity of Spain “not up for debate,” says Socialist leader via







How many can the EU really afford to accept?
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UN: Over one million reach Europe by sea in 2015

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French security chief condemns anti-Muslim acts in Corsica








Welcome to the EZ,the land of bail in."Portugal Imposes Losses on Some Novo Banco Senior Bondholders (via )








Bavaria's CSU gov party considers pushing back at borders refugees without passports.








economists’ survey 2016: Monetary policy divergence:







Frontex sends staff to Aegean as Lesvos struggles

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Pension cuts back on the table
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Eurozone lending improves further in November BUT credit growth still way below money growth

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remains mired in . Dec Flash HCPI -0.1% YoY vs +0% expected.

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The has to fall to at least $1.05 as 2y Bund/US Treasury yield spread has widen to a whopping 141bps.

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Emerging Nations / Asia.......








Computer servers in have been the targets of a major cyberattack for the past two weeks







Brazil is suffering. Rousseff and her party have made a bad situation much worse
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Youth unemployment Greece: 49.5% Spain: 48% Italy: 40% Iran: 25% France: 24.7% Turkey: 18.3% UK: 13.5% US: 11.2% Germany: 7.1% Japan: 5.5%







Turkey arrests 2 ISIS suspects over NYE attack plot

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Global growth will be disappointing in 2016:

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In past 48hrs, strikes hit 424 terrorist targets in -
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Maduro challenges opposition election victories before Venezuela’s top court

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Global Stocks, Futures Dragged Lower By Commodities As Oil Slumps Back Under $37









's delegation probing Hannibal Qaddafi's kidnap in told to leave due to security concerns (threats)
















Development Bank loans $270 mln to exporters



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China Copper Producers Said to Plan 200,000MT Cut in 1Q Sales







Nine Chinese copper smelters agree reduction in sales, according to people with knowledge of the plan





Steel price. ($ per metric ton) June, 2008: $1265 One year ago: $485 Current: $210
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Apple won't pull out China over this. a) make iMessage tappable b) discontinue service in China (regional lock) c) ?








China Telecom's chairman resigns after being targeted by anti-corruption inquiry
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's Nikkei ends 2015 9.1% higher and 8.4% in Dollar terms.
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More doom: Offshore Yuan plunges to 5y low as China loosens grip.

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Good morning from Berlin. Asia stock markets mixed as rebound fizzles and w/ Yuan hits fresh 4.5y low.


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