Catharsis Ours: Economic News , Data & Views ( January 18 , 2016 ) 1. Refugee & Border Security Items - Europe. 2. Poland Controversy Still In News Cycle. 3. France Declares State Of Economic Emergency. 4. Spain Economic & Political Items. 5. Russia In Focus - Oil & Ruble As Well. 6. UK Home Prices - December. 7. Odds & Ends. ) Asia & Emerging Nations. 1. Markets Start in 'Risk-Off' Mode To The Week. Asia Stocks Drop As Iran Sinks Oil . 2.China Items Of Note For Monday. 3. MENA Markets - Looking Green At The Gills As Oil Prices - Qatar , UAE & Saudi Indices In Particular . 4. India Trade Balance Data - December . 5. Japan News

Evening wrap.......

'Lock up Muslim men in asylum centers' says Dutch MP http://bit.ly/1Qj5wZX 

‏@Comunardo

Italy Banks Lose $82 Billion of Cheap Financing From Savers http://bloom.bg/1JUuA8h  via business

‏@NickMalkoutzis

Greek farmers to step up protests against pension & tax reforms. Planning to block Athens-Thessaloniki nat'l road from Wednesday #Greece

‏@fredwalton216

First Brazil warned women to delay pregnancies due to Zika concerns. Now Jamaica follows suit. 

The Daily Star @DailyStarLeb

Jamaica advises women to delay pregnancy due to Zika virus http://bit.ly/1Pma4JR 

‏@fredwalton216

Tip of iceberg -today's refugee crisis could be swamped if commodity crush continues.   

Richard Calhoun @richardcalhoun

Davos Boss Warns Refugee Crisis Could Be Precursor to Something Much Bigger http://bloom.bg/1PlsTNk  via @business

‏@ekathimerini

ATHEX: Bank chips’ losses weigh on bourse http://dlvr.it/DJqQwQ  

‏@MaryFitzger

Another set-back for UN-brokered #Libya deal, already behind schedule: Qatrani, eastern rep on presidency council, "temporarily" withdraws

‏@ManosGiakoumis

#Greece stock market -2.74% today and -14% year to date, banks -11.14% and -26.9% respectively. #economy #banking #markets #stocks

‏@fredwalton216

Bickering between EU's Juncker and Italian leadership bursting into the open. 

Ansa English News @ansa_english

Concern over miscommunication with Italy, EU sources tell ANSA - English - ANSA.it http://www.ansa.it/english/news/2016/01/18/gentiloni-says-italy-against-pointless-arguments-2_a97ff296-7262-4262-ae43-5aac3d435d54.html …

‏@fredwalton216

Good examination of the issues presented and requirements for various EU countries. 

EU Busters @EU_Buster

#EU migration crisis: will refugees acquire full free movement rights? | Open Europe http://openeurope.org.uk/blog/eu-migration-crisis-will-refugees-acquire-full-free-movement-rights/#.Vpz71Woaw2p.twitter …

‏@TheLocalDenmark

Danish nightclubs turn to language requirements to keep refugees out http://bit.ly/1SrJvcN 

‏@Schuldensuehner

#Russia Ruble in free fall. Breaks beyond 79 per Dollar on lower oil. 

‏@minefornothing

Polish stock market falls close to 7 year low

Dick Darlington @Darlington_Dick

*WARSAW'S WIG20 STOCK INDEX FALLS 2.3%, LOWEST SINCE APRIL 2009

‏@alwasatengnews

Deputy PM Ali Qatrani demands support for army against #ISIS, #Benghazi reconstruction fund, fair representation 

‏@fredwalton216

Libya political quagmire continues.. 

Alwasat @alwasatengnews

EU: No legitimate government in #Libya except for the unity government, will not deal with any other entity 

‏@fredwalton216

President of Greece hints Greece won't contribute to EU Deal with Turkey unless Turkey fulfills its obligations.  

Kathimerini English @ekathimerini

Greek president accuses Turkish port officials of helping people smugglers http://dlvr.it/DJh1kb  

‏@fredwalton216

Commodity crush translating into job losses.... 

Wall Street Journal @WSJ

Tata Steel to cut 1,050 U.K. jobs as steel crisis deepens http://on.wsj.com/1QhPorL 

‏@fredwalton216

Here we go for oil prices ....... 

Ioan Smith @moved_average

#Crude #Iran |  IRAN HAS ISSUED THE ORDER TO INCREASE CRUDE OIL PRODUCTION BY  500,000 BPD -SHANA

‏@fredwalton216

Screen save this one.... 

The Local France @TheLocalFrance

"If unemployment does not decrease by 2017, there’s no reason for me to be a candidate" http://www.thelocal.fr/jobs/article/how-france-plans-to-finally-crack-unemployment … 

‏@ManosGiakoumis

#Greece civil servants' union ADEDY will also participate in general strike on Feb 4.  

Manos Giakoumis @ManosGiakoumis

.@gsee_gr to propose general strike on Feb 4 (via @skaigr) #Greece #economy #politics

‏@fredwalton216 12

Interesting nugget Chem China takes stake in Mercuria. 

Javier Blas @JavierBlas2

#BREAKING ChemChina Buys 12% Stake in #Oil Trading House @Mercuria - confirms our exclusive: http://www.bloomberg.com/news/articles/2015-10-22/oil-trader-mercuria-said-in-talks-to-sell-stake-to-chemchina … 

Overview.....

‏@Schuldensuehner

Not even pessimists thought things would go so wrong so fast in 2016. Global mkt cap has plunged to lowest since '13 

Europe.......

‏@ekathimerini

Greek president accuses Turkish port officials of helping people smugglers http://dlvr.it/DJh1kb  

‏@MoscowTimes

#Russia Considers Suspending Loans to Other Countries http://tmt-go.ru/556181  #business

‏@TheLocalGermany

Take back migrants or lose aid cash, Berlin tells North Africa. http://www.thelocal.de/20160118/berlin-threatens-to-withdraw-aid-to-north-africa-over-migrants … 

‏@dwnews

Can the #UK keep #Trump out? British MP's debate http://dw.com/p/1HeBr  

‏@ManosGiakoumis

Hatzidakis will be responsible for drafting government plan & Georgiadis for parliam coordination. #Greece #politics 

Manos Giakoumis @ManosGiakoumis

Kostas Hatzidakis and Adonis Georgiadis appointed new Vice-Presidents at New Democracy. #Greece #politics

‏@ManosGiakoumis

#Greece government decided #pension reform to be debated among political party leaders in Parliament, acc to local media. #politics

‏@YanniKouts

Polish president Duda meeting #EU Council's Tusk, says "nothing exceptional is happening in #Poland", "unnecessary emotions" in debate.

‏@pswidlicki 10

Tusk: S&P's unjustified downgrade is direct consequence of proliferation of such exaggerated and negative comments about Poland

‏@pietercleppe

Former Bavarian PM Edmund Stoiber tells Merkel: "You are destroying Europe" http://www.sueddeutsche.de/bayern/edmund-stoiber-du-machst-europa-kaputt-1.2821402?source=rss&reduced=true … He also calls for closing the border

‏@pietercleppe

Journalists attacked in French refugee camp "the Jungle" in Calais. France gets away with allowing this: http://www.rtlnieuws.nl/nieuws/buitenland/nederlandse-documentairemakers-aangevallen-vluchtelingenkamp-calais … #FrAAnce

‏@TheLocalSweden

#Gothenburg trams called "death traps" after repeated emergency door failures: http://www.thelocal.se/20160118/gothenburg-trams-are-death-trap-for-tourists-and-workers … #göteborg 

‏@fredwalton216

Screen save this one.... 

The Local France @TheLocalFrance

"If unemployment does not decrease by 2017, there’s no reason for me to be a candidate" http://www.thelocal.fr/jobs/article/how-france-plans-to-finally-crack-unemployment … 

‏@TheLocalFrance

France will spend more than €2 billion to fight unemployment, says Hollande: http://www.thelocal.fr/jobs/article/how-france-plans-to-finally-crack-unemployment … 

‏@AP

French President Francois Hollande declares state of economic emergency, wants to redefine economic model http://apne.ws/1QhAguo 

‏@minefornothing

Bank of France says French retail sales fell 0.3% in Q4

‏@ManosGiakoumis

#Greece civil servants' union ADEDY will also participate in general strike on Feb 4.  

Manos Giakoumis @ManosGiakoumis

.@gsee_gr to propose general strike on Feb 4 (via @skaigr) #Greece #economy #politics

‏@ManosGiakoumis 32

#EC: We are assessing proposed #Greece pension reform in detail & we 'll not be giving an assessment until the detailed study is concluded.

‏@KyivPost

#Odesa #Airport closed due to #snowstorm http://bit.ly/1ZvAfn3  

‏@OpenEurope

Several EU states consider adopting UK’s reforms on migrants’ access to benefits http://openeurope.org.uk/daily-shakeup/eu-states-consider-adopting-uks-reforms-migrants-access-benefits/ …

‏@Elbarbie 35

Is Troika going to Athens? @A_Breidthardt says technical talks r ongoing,mission chiefs r expected shortly once more information gathered.

‏@NinaDSchick

German Justice Minister @HeikoMaas calls 'emergency summit' to discuss rise of right-wing & violence against refugees on March 10.

‏@moved_average

#Spain | In last 8 years debt has increased by > €670B to a record €1.07 Trillion... 

‏@moved_average

#Crude | Oil Producers Must Cut 5%-10% of Output to Stabilize Price: Oman Oil min...you go first

‏@moved_average

#Spain | RAJOY SAYS PP LAWMAKER FACING GRAFT ALLEGTNS SHOULD RESIGN..faced them himself in '13.. why didn't he?!
http://www.bloomberg.com/news/articles/2013-02-05/pimco-sees-spanish-bond-risk-rising-on-rajoy-graft-allegations …

‏@Schuldensuehner

Russia Ruble heads to life-time low. Break beyond 78 per Dollar, Highest since late 2014 as oil at $28/bbl. 

‏@moved_average

#UK | DEC RIGHTMOVE HOUSE PRICES M/M: +0.5% V -1.1% PRIOR; Y/Y 6.5% V 7.4% 

‏@Schuldensuehner

Brent briefly dips below $28 as end to #Iran sanctions set to worsen glut. http://bloom.bg/1llG1Ku  

‏@Schuldensuehner

Good Morning from Berlin. Markets start in 'risk-off' mode to the week. Asia stocks drop as Iran sinks #oil. 

Asia & Emerging Nations......

‏@fredwalton216

Commodity crush translating into job losses.... 

Wall Street Journal @WSJ

Tata Steel to cut 1,050 U.K. jobs as steel crisis deepens http://on.wsj.com/1QhPorL 

‏@fredwalton216

Here we go for oil prices ....... 

Ioan Smith @moved_average

#Crude #Iran |  IRAN HAS ISSUED THE ORDER TO INCREASE CRUDE OIL PRODUCTION BY  500,000 BPD -SHANA

‏@intlspectator

Crude oil price.

June, 2014: $105.6

Current: $28.9 

‏@BBCBusiness 30

Oil price falls below $28 a barrel as Iran sanctions lifted http://bbc.in/1QhAxO2  

‏@Schuldensuehner

#China chief stock regulator Gang has offered to resign as bad regulation has enhanced chaos http://reut.rs/1Q8QrrX  

‏@moved_average

#SaudiArabia | Tadawul A/S looking Tadawful... 

‏@moved_average

#China | *CHINA 2015 NEW SHIPBUILDING ORDERS FALL 47.9% Y/Y: MINISTRY

‏@Schuldensuehner

Dubai stocks continue it's slide as oil hovers around $28/bbl. 

‏@Schuldensuehner

#China stocks closed higher after PBoC calmed nerves w/ higher Yuan fixing. ChiNext gained most, Up 2.9% at 2174.93. 

‏@moved_average

#Taiwan #China | TAIWAN TO ASK INVESTORS TO PUT DOWN 2 PCT DEPOSIT BEFORE THEY BUY YUAN TARGET REDEMPTION FORWARD - REGULATORY SOURCES

‏@moved_average

*HONG KONG 1-MONTH HIBOR RISES TO HIGHEST SINCE JAN. 2013 

‏@moved_average

#India | Dec Trade Balance - Exports Y/Y: -14.8% v -24.4%; Imports Y/Y: -3.9% v -30.3% 

‏@moved_average

#China | As of Jan 15th total margin debt back below CNY1.0T... 

‏@Schuldensuehner

Nikkei ends down 1.1% at 16955.57, closes below 17,000 for 1st time since Sept. 

‏@moved_average

#Japan | NOV TERTIARY INDUSTRY INDEX Y/Y: -0.8% V -0.7%E 

‏@Schuldensuehner

Markets start in risk off mode to the new week as FX risk barometer AUDJPY highlights. 

‏@Schuldensuehner

Economic vulnerabilities in the Gulf: Debt is rising, undermining creditworthiness. (via Barclays) 

‏@Schuldensuehner

Dollar Pegs Seen Bending While Reserves Keep Them From Breaking. http://bloom.bg/1UZIZRa  

‏@Schuldensuehner

How much FX reserves does China need? Depends on metric: $2.7tn assuming opened cap account, 3mths of imports=$541bn 

Catharsis Ours

Monday, January 18, 2016

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