Evening Wrap of one heck of a week !!!!!!! Black Friday and not a shoppers delight....
JPM Cuts Q4 GDP from 1.0% to 0.1%
Report paving way for Iran sanctions relief likely on Saturday: Source: http://ara.tv/67ruj
Oh yeah, and someone sold $34.5 billion in Treasurys last week http://www.federalreserve.gov/releases/h41/current/ …
If the German Constitutional Court found ECB OMT illegal - now that would be a very dark swan indeed.
WTI CRUDE SETTLES BELOW $30/BBL FOR FIRST TIME SINCE 2003
After Bitcoin declared "a failed experiment" by early developer, value drops 10%. http://fusion.net/story/255949/bitcoin-failed-says-mike-hearn/ …
Austria joins Germany in sending back refugees http://bit.ly/1n6mnE3
Italy blocking deal. Say 3 BN euros should come from EU Budget , rather than National Gov'ts also having to pay up.
@guardian: Special EU Council could be held in late February to finalise EU reform deal and pave way for June vote http://gu.com/p/4fpdf/stw
US trade is crashing..Fed can't hike into this any further.
Still just 272 refugees relocated out of 160 , 000 agreed relocations from GR / ITA -since October 2015 !
Polish PM says no more than 400 'refugees' will be relocated to Poland in 2016 | New Europe http://neurope.eu/article/poland-to-accept-solely-400-refugees/ …
is recession enough? *DUDLEY: IF ECONOMY WEAKENED, WOULD CONSIDER NEGATIVE RATES
*FINLAND'S TWO-YEAR NOTE YIELD DROPS TO RECORD-LOW MINUS 0.396%
Great dissection of HETA Wars - The Empire ( Creditors ) Strike Back Edition...
China Bank Lending Slows Dramatically, Confirming Concerns About Soaring Bad Loans http://www.zerohedge.com/news/2016-01-15/china-bank-lending-slows-dramatically-confirming-concerns-about-soaring-bad-loans …
#Crude | *RUSSIA'S NOVAK: OPEC, NON-OPEC UNLIKELY TO AGREE ON CUTS
Swiss join Denmark in seizing Assets from Refugees to cover costs...
Charlie Hebdo under fire over Syrian boy pervert cartoon: http://www.thelocal.fr/20160115/disgust-as-charlie-hebdo-depicts-drowned-syrian-boy-as-pervert …
Merkel approval rating drops to lowest in ZDF poll since 2011 after Cologne attacks stoke refugee debate. 60% say can’t handle influx. (BBG)
Migrants bussed to Merkel's Berlin office have been sent straight back http://dailym.ai/203JpcG via
EU states ‘failed to deliver’ on migrants, says Juncker http://dlvr.it/DHGtK4
#Italy | GENERAL GOVERNMENT DEBT AT 2,211.9 BLN EUROS IN NOV. ...just shy of record in Oct
One bank employee, five Finance Ministry workers, accused of bribery http://dlvr.it/DHDFfW
#ECB | 5Y/5Y inflation swap back <1.60%; lowest since Oct...
#Portugal's default risk rises as govt has collided head-on w/ investors over bank bail-in. https://next.ft.com/content/89259f9a-b92b-11e5-bf7e-8a339b6f2164 …
#Crude | WTI back <$30...
Brent futures faring little better, -4.6% to $29.47 a barrel (WTI/Brent spread disappears) http://www.bloomberg.com/news/articles/2016-01-14/oil-heads-for-third-weekly-drop-as-global-surplus-set-to-worsen …
German Top Court to hear case over #ECB’s OMT Feb16. To hear OMT case in view EU Top Court ruling. Also review ESM and fiscal pact. (BBG)
IMF decision on third Greek bailout could take until Q2, says Lagarde http://dlvr.it/DH9cDg
#Sweden | Nov Household Consumption Y/Y: 3.2%
Pension reform may derail budget http://www.ekathimerini.com/205091
#Sweden | Dec Maeklarstatistik Housing Prices Y/Y: 12%; Apartment Prices: Y/Y: +16%
Emerging Nations / Asia .....
#Brazil | *BRAZIL NOV. ECONOMIC ACTIVITY INDICATOR FALLS 6.14% ON YEAR (monthly GDP) #BRICscrumbling
Investors getting nervous how #China's communists handle their econ crisis. Default probability rises.
'Risk off' is name of the game today as risk barometer AUDJPY highlights, that dropped to 3y low.
#India #fx | Uh-oh! Everyone's "watching closely" again! *DAS SAYS INDIA'S FIN MINISTRY, RBI WATCHING RUPEE CLOSELY
#China stocks enter bear market territory after todays plunge. Shanghai Composite down 20.6% from Dec. 22.
Latest survey in HK: 19% employers are planning layoffs, 19% hostels will be closing this year amid the terrible tourism and retail sales.
#China sell-off continues. Shanghai Comp closes down 3.6% at 2900.97, fresh low since Aug26 Close at 2927.29.
HKD is falling to new 50-month low 7.7960
Markets remained hostage to the erratic moves in oil. Nikkei ends down 0.5% at 17147.11 while Yen strengthens.
#Indonesia | Dec Exports Y/Y: -17.7%; Imports Y/Y: -16.0%
#China | DEC AGGREGATE FINANCING: CNY 1.82T V 1.15TE
#China | DEC M2 MONEY SUPPLY Y/Y: 13.3% V 13.6%E
#China | DEC NEW YUAN LOANS: CNY598B V 700BE
#Brazil | Wal-Mart Said to Have Closed About 60 Brazil Stores: Reuters (10% of stores)
#China rout far from over as Offshore and Onshore Yuan begin to widen again.
BREAKING: Confusion Abounds as Police Claim to Have ‘Incapacitated’ Attackers http://jglo.be/j4kS via thejakartaglobe
Good morning from Berlin. Asia shares hit 3-1/2-year lows as oil resumes fall. http://reut.rs/1JNshDV