Monday, January 18, 2016

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 - Stocks & Data . 6 . Odds & Ends. )



Evening wrap.......








'Lock up Muslim men in asylum centers' says Dutch MP










Italy Banks Lose $82 Billion of Cheap Financing From Savers via business










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









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









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








ATHEX: Bank chips’ losses weigh on bourse
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Another set-back for UN-brokered deal, already behind schedule: Qatrani, eastern rep on presidency council, "temporarily" withdraws










stock market -2.74% today and -14% year to date, banks -11.14% and -26.9% respectively.










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











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












Danish nightclubs turn to language requirements to keep refugees out










Ruble in free fall. Breaks beyond 79 per Dollar on lower oil.
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Polish stock market falls close to 7 year low










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

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Libya political quagmire continues..












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














Commodity crush translating into job losses....











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











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









Interesting nugget Chem China takes stake in Mercuria.















Overview.....







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


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Europe.......









Greek president accuses Turkish port officials of helping people smugglers



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Considers Suspending Loans to Other Countries








Take back migrants or lose aid cash, Berlin tells North Africa.


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Can the keep out? British MP's debate

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











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












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











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









Former Bavarian PM Edmund Stoiber tells Merkel: "You are destroying Europe" He also calls for closing the border










Journalists attacked in French refugee camp "the Jungle" in Calais. France gets away with allowing this:









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France will spend more than €2 billion to fight unemployment, says Hollande:
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French President Francois Hollande declares state of economic emergency, wants to redefine economic model










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











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










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














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Several EU states consider adopting UK’s reforms on migrants’ access to benefits










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












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














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


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












| RAJOY SAYS PP LAWMAKER FACING GRAFT ALLEGTNS SHOULD RESIGN..faced them himself in '13.. why didn't he?!











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

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



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Brent briefly dips below $28 as end to sanctions set to worsen glut.

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



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Asia & Emerging Nations......










Commodity crush translating into job losses....














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













Crude oil price. June, 2014: $105.6 Current: $28.9
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Oil price falls below $28 a barrel as Iran sanctions lifted

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chief stock regulator Gang has offered to resign as bad regulation has enhanced chaos

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| Tadawul A/S looking Tadawful...

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











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

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stocks closed higher after PBoC calmed nerves w/ higher Yuan fixing. ChiNext gained most, Up 2.9% at 2174.93.
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| TAIWAN TO ASK INVESTORS TO PUT DOWN 2 PCT DEPOSIT BEFORE THEY BUY YUAN TARGET REDEMPTION FORWARD - REGULATORY SOURCES









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


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


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


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

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


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


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

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Dollar Pegs Seen Bending While Reserves Keep Them From Breaking.

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


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