Thursday, January 14, 2016

Economic News , Data & Views ( January 14 , 2016 ) Europe ( 1. DAX Falling again this morning - off 21.5% since 4/15. 2 .RIKSBANK may cut rates to -0.5 in Feb. 3. Refugee related news of the day. 4. ECB wary of further action ? Euro jump on report. 5. Russia default probability spikes on lower oil prices / new car prices/ lcv sales off 45.7 % Y/Y in Dec . 6. Europe Data splash - Italy / Germany / Finland / Sweden / ECB. 7. Spain in focus - Parliament panned for conduct , IBEX off more than 2 percent this morning . 8. Odds & Ends ) Asia / Emerging Nations ( China News / Data De Jour. 2. Japan News / Data De Jour. 3. Currency concerns - HK Dollar in news. 3. South Africa in crisis . 4. Brent on 8 trading day losing streak. 5. Indonesia stocks plunge after Jakarta explosion. 6. Odds & Ends. )



Evening Wrap - across the globe !





Mideast stocks see biggest declines as foreign traders flee








Shanghai Composite Opens Under 3,000 As Onshore Yuan Practically Unchanged For Fourth Day







BREAKING: Confusion Abounds as Police Claim to Have ‘Incapacitated’ Attackers via thejakartaglobe









Indonesia 'chasing terror cells'








Alberta Freezes Government Salaries As Canada's Oil Patch Enters Second Year Of Recession









Turkey 'acting illegally' over Syria refugees







Lowest Ever: The Baltic Dry Index Plunges To 394 As Global Trade Grinds To A Standstill
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CHINA SETS YUAN CENTRAL PARITY AT 6.5637 FRI VS 6.5616









deal implementation day 'very, very soon'








EU extends Iran sanctions freeze by extra two weeks






Watch: BHP Billiton Flags $4.9bn Writedown on US Shale via

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CHINA PLANS TO RAISE IMPORT TAX ON E-COMMERCE BY 30%-50%: DAILY





Nouri Abusahmain says action taken against GNC members who supported dialogue process, salaries cut off in October
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Great article regarding valuation for a potential Aramco float.









Major oil pipeline hit by blast south of Libya's Ras Lanuf terminal: NOC








Measures fail to raise takings

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IMF to remain part of bailout program, Greece told
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Attacks against Merkel's refugee policy coming not just from far right groups-but from Constitutional Law scholars.








Cologne incident dings support for CDU&CSU. Criminal complaints rise to 652-more than half being sexual in nature.







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Very interesting to observe market action from Gulf Bourses.








GLENCORE IN TALKS WITH LENDERS ON $8.45 BILLION REFINANCING - good luck stripping covenants





For those wondering why western Canada has sudden angst these days...





| PETROCHINA SAYS TO ISSUE UP TO 15 BLN YUAN BONDS ...get involved!





Bavarian official sends bus full of refugees to Chancellor Merkel








China's PBoC is said to plan a modest depreciation in the CNY this year, according to sources





Mitsotakis: ND will not back coalition's pension reforms, party will present its own proposals





ECB MINUTES: 10 BPS DEPO RATE CUT SEEN LEAVING ROOM TO ACT; SOME MEMBERS CALLED FOR 20 BPS CUT AT DEC MEETING






Deadline for forming UN-brokered government national accord is Saturday. UN hosts Rome conf. Monday. Neither parliament supports.







PEUGEOT SHARES DROP AS MUCH AS 9.6% IN PARIS .










Morning Overview.......











Soldiers and armoured tanks have rolled into streets throughout Jakarta as the city following the deadly attack 🇮🇩
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LIVE: Six dead in serial explosions in Jakarta; suicide bombers, gunmen spotted - The Hindu via








A man with a gun appears to aim his weapon towards crowds of people in Thamrin Street in Jakarta🇮🇩
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Multiples explosions have rocked a downtown area of Jakarta🇮🇩 ISIS claims responsibility for attacks.
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At least 3 police officers & 3 civilians were killed in blasts at a Starbucks cafe, the Sarinah mall, & UN offices🇮🇩



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Global sell-off continues. Nikkei ends down 2.7% at 17240.95 but way off the lows. Dropped briefly below 17k.


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Europe.........






'Difficult issues' remain in Brexit talks, European Commission says. 's latest from Brussels









: bomber confirmed as , suspected member of , entered as refugee
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Deputy Speaker: "I don't care if they have dreadlocks. But I want them clean so that they don't give me fleas".








GERMAN CARMAKER STOCKS EXTEND LOSSES IN RENAULT’S WAKE





RENAULT OFFICIAL DECLINES TO COMMENT ON REPORT OF FRAUD RAID ON ITS OFFICES LAST WEEK






NEWSFLASH: Renault Shares Drop 20% After Report Of Fraud Raid










GERMANY: moves back into mode, -2% now and -21.1% since April 2015
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IBEX 35 down more than 2% this morning:
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| Literally retarded .... *SWEDBANK SEES RIKSBANK RATE CUT TO -0.5% IN FEB.









Germany deporting up to 200 refugees daily to Austria
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| *RUSSIAN DEC. NEW CAR, LCV SALES DOWN 45.7% Y/Y; EST. -47% ...better than feared!
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's default probability jumps as oil prices hovering around $30/bbl.

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| Industrial production...

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of the on course. German Bund yields follow the Japanese experience of the 1990s.

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| Dec Average House Prices: SEK 2.677M v 2.489M..a record..going to need more negativerer rates

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's Dax starts lower despite a rebound in stock market. Shanghai Comp closed 2% higher.

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| *ECB SAYS BANKS DEPOSITED EU231.7 BLN WITH IT OVERNIGHT

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| Dec CPI M/M: -0.1% v +0.1%e; Y/Y: -0.2% v 0.0%e

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| DEC WHOLESALE SALES M/M: -0.8% V -0.2% PRIOR; Y/Y: -1.0% V -1.1%

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Emerging Nations / Asia .....









BREAKING:ISIS claims responsibility for targeting foreigners&security forces

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Breaking News: Jakarta police chief says Islamic State ‘definitely’ behind attack. More:

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"The Starbucks cafe windows are blown out. I see three dead people on the road."
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HKD drops to 5-year low 7.7810 ... Everybody needs USD!






| *HONG KONG DOLLAR DROPS 0.21%, BIGGEST LOSS SINCE 2003

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| GOVT MUST INTERVENE TO RESTORE ECO GROWTH: RADEBE *PRESENT ENVIRONMENT TO LAST MORE THAN JUST A FEW YRS





| Studying whether to use FX reserves to offset shortfalls in tax revs due to sales tax hike exemptions next year-Nikkei






Indonesia Central Bank cuts rate 25bps to 7.25%






| Yield curve almost negative out 5Y...

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Longest losing streaks for Brent crude. Recent eight session run is up there
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| DEC PPI M/M: -0.3% (7th straight decline) V -0.4%E; Y/Y: -3.4% (9th straight decline) V -3.5%E

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| 10Y JGB yield fell to a record low of 0.19% earlier...

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yuan slips amid global gloom.

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A-Share rebounds so nicely?? Only 2 possibilities: 1./ PPT is buying! 2./ Somebody knew PBoC will pop out this evening. Amen







stocks plunge and Rupiah weakens on news of Jakarta Explosion.

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stocks threaten to breach Aug rout low as regulator statements fail to ease panic.

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Good Morning from Berlin. Global sell-off continues w/ China looking set to test lows hit during last summer's crash

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