Saturday, December 19, 2015

Economic News & Views ( December 19 , 2015 ) Overview ( Markets Woozy - After Effects Of Fed Reserve Interest Rate " Spiked " Punch ) ......Europe In Focus - Around The Horn ( Spain's General Election Set For December 20th - Items Of Note ....... Refugee Items Of Note ....... Russia - Ukraine In Focus ....... Greece Items Of Note....... UK Negotiation With EU Items Of Note ..... Odds & Ends ) ....... Asia / Emerging Nations ( China / Brazil / Argentina / Saudia Arabia / Japan / Emerging Markets Grab Bag )

 Market Moving .......




Good morning. Mr Mkts mood has become gloomy, demonstrated in 2 charts: 10y UST ylds plunged in sync Baltic Dry Idx.
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Fed hikes, but bond mkts had other ideas. In the longer term that could be cause of concern.
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Prospect of negligence trial may complicate Christine Lagarde's bid to remain IMF chief


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"Prepa will make its Jan. 1 debt payments, which will be refinanced by the bond insurers,"-The only way PREPA ever going to make the payment





Monolines for 3rd time in 6 months will be lending to PREPA since better to make a loan than payout on default insurance





Europe.......





















2015 general election campaign ends. Saturday is a day of reflection and on Sunday Spaniards will go to the polls.












's new unity govt won't be puppet of the west, I said to for







boat sinks off Turkey’s coast, 18 killed


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10,000 asylum seekers missing and 5m foreign passport holders in UK. Has the gov't lost control of immigration?


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Frank-Walter Steinmeier- "If it can't be done any other way, then things will have to be clarified using judicial means"






Refugee crisis warnings to eastern EU nations from Germany, Austria








IOM: One Million Migrants to Reach Europe by Yearend









Tsipras and Merkel Discuss Refugee Hotspots and Frontex











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EU moves to extend sanctions on . 5y default probability has jumped to almost 20%

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Deadline for the submission of binding bids for 67% stake in Piraeus Port (OLP) on Dec 21.









Two-thirds of voters in Sep are not satisfied with gov't, acc to University of Macedonia poll for









The disbursement of Greece's final loan tranche for 2015 has hit a last-minute snag










Meet 3 people: a former neo-Nazi, an independence activist and a woman displaced by conflict









Fire shuts down Belgium's Tihange nuclear reactor










heads to its most unpredictable election in decades. Check out my preview on the blog.









Opinion: will defend the nation's democracy, writes DW's Bartosz Dudek

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- Ciudadanos would abstain to facilitate investiture of PP (or PSOE) minority gov't. Caveat: that's different from providing support.

































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Asia / Emerging markets....








Emerging powers rise in IMF as US unblocks reforms









Beijing issues red alert as 'worst smog of the year' headed for northern :










Brazilian finance minister replaced: Brazil's President Dilma Rousseff replaces pro-austerity F...












Brazil's new fin. minister Barbosa quickly tried to dispel the view that he'd be fiscally less committed







Argentinians Are Now Poorer Than Citizens Of Equatorial Guinea After Massive Devaluation









SAUDI ARABIA'S DEPUTY CROWN PRINCE HAS PRIVATELY OUTLINED PLANS TO RESHAPE SAUDI ECONOMY TO WITHSTAND LOW OIL PRICE - SOURCES



















Mainland Copper enterprises may vote to purchase 400k tonnes of copper as reserves in a Saturday Shanghai conference underpins Shanghai CU.








JGB surges to new record high after BOJ decided to set up new ETF buying, extend duration of bond purchases...


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EU19 Markit MFG PMI 53.1 needs QE1.5, US PMI 51.3 (3-yr low) needs rate hike? CBs are doing the opposite to PMI ??








Hike after FOMC: HK, Saudi, Kuwait, UAE, Bahrain, Mexico, Chile, Cut rate after FOMC: Vietnam, Taiwan. Mainland??








CNY dropped 10 days in a row to 41/2-year low, longest plunge in 8 years.








| *ARGENTINE PESO FALLS 29% TO 13.9/USD ON MAE IN BUENOS AIRES








| Dec CNI Industrial Confidence: 36.0 v 36.4

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| *CHINA INV FUND SUSPENDS DUTIES OF NON-EXECUTIVE DIRECTORS ...PROBING INCIDENT INVOLVING BILLS OF EXCHANGE











It happened: Ukraine Defaults on $3 Billion Bond to Russia via