Evening wrap......
Overview........
Every equity index in the world is below its 200-day moving average. Only more QE/negative rates can save us.
% Below All-Time High
Nat Gas: 86%
Crude: 80%
Silver: 72%
Sugar: 68%
Coffee: 66%
Copper: 58%
Lumber: 50%
Gold: 43%
Russian Ruble and Crude at new lows.
Asia / Emerging Nations...
U.S. Ally Turkey Arrests Academics For The Crime Of Signing A Peace Petition http://www.zerohedge.com/news/2016-01-19/us-ally-turkey-arrests-academics-crime-signing-peace-petition …
Hedge fund manager that called subprime crisis says yuan should devalue 50% this year, to "draw a line in the sand" http://www.bloomberg.com/news/articles/2016-01-19/hedge-fund-that-called-subprime-crisis-says-yuan-should-fall-50- …
ISIS showing weakness , by way of their reactions ?
Saudi Arabia and Iran have a new thing to fight over: oil exports to China. http://www.wsj.com/articles/saudi-arabia-and-iran-tussle-over-exports-to-china-1453222569 …
What If The Imploding Baltic Dry Index Does Reflect Global Trade After All http://www.zerohedge.com/news/2016-01-19/what-if-imploding-baltic-dry-index-does-reflect-global-trade-after-all …
Crude Plunges To Post-Iran Lows, Energy Stocks Hammered http://www.zerohedge.com/news/2016-01-19/crude-plunges-post-iran-lows-energy-stocks-hammered …
EIA Chief Adam Sieminski speaking at Senate hearing: "Oil Prices May Reach $20/Bbl Range Before Rising"
Turkish could be official #EU language
http://bit.ly/1WrxF1z
China Is Getting Less and Less Bang for Its Credit Buck http://bloom.bg/1PDeD2N
Vietnam Claims China Towed Oil Exploration Rig Into Disputed Waters http://www.wsj.com/articles/vietnam-claims-china-towed-oil-exploration-rig-into-disputed-waters-1453214761?mod=fox_australian …
Azerbaijan Tightens Currency Controls as Oil Feeds Crisis http://bloom.bg/1RxjfO5
#Libya The Guardian - Libya unveils UN-backed government. http://www.theguardian.com/world/2016/jan/19/libya-unveils-un-backed-government-but-divisions-remain …
Bayda Municipal Council asks Interim Gov to leave city in 24 hours due to lack of progress to fix electricity issues
#Iran #Crude | *DJ Iran Cuts Oil Prices in North West Europe, Mediterranean in Feb; *DJ Iran Oil Price Cuts Similar to Saudi Reductions
Distinction between legit Opposition & Terrorist Groups still an open issue.
#China GDP Slows to Weakest Since 2009 on Manufacturing Slide. http://bloom.bg/1PmZout
#China’s economic growth slowest in 25 years in 2015. http://on.wsj.com/1V3xA2G
Europe .....
Dutch Politician: Male Refugees Are "Testosterone Bombs," Must Be Locked Up To Save Women From "Sexual Jihad" http://www.zerohedge.com/news/2016-01-19/dutch-politician-male-refugees-are-testosterone-bombs-must-be-locked-save-women-sexu …
Market faces “too much oil” in 2016: Glencore Chairman Tony Hayward speaking in Davos. How about copper?
If EU can't get act together in 2 months, passport-free Schengen will collapse: EU's Tusk
http://sabahdai.ly/Hab8yz
#EU Commission to scrap Dublin requirement for asylum seekers to be processed in arrival state http://app.ft.com/cms/s/b32102b2-bec1-11e5-9fdb-87b8d15baec2.html?ftcamp=published_links%2Frss%2Fbrussels%2Ffeed%2F%2Fproduct … /via @duncanrobinson
That's #Davos. Just ran into Bill Browder. And guess what? He sees #Russia to run out of money within 18mths. #WEF16
Merkel’s Coalition under Pressure as Anti-Immigrant AfD Poised to Gain in State Elections https://euroinsight.mni-news.com/posts/1923
Acc to Bill Browder, #Russia's already diminished FX and gold reserves are overstated by at least $150bn.
Police beg #Karneval revellers not to dress as terrorists or cowboys this year http://www.thelocal.de/20160119/dont-dress-as-terrorists-for-carnival-police-warn …
In Finland, militia groups are patrolling towns housing asylum seekers in the name of protecting white Finnish women http://nyti.ms/1l5rqmi
From bad to worse , pace increasing as expected.
#Libya Tobruk-based parliament (int. recognised) to vote Monday on unity government. No date yet for Tripoli-based parliament vote.
Greek Finance Minister warns quick disbursement of bailout funds needed to avoid another Greek crisis http://openeurope.org.uk/daily-shakeup/conservatives-divided-timing-eu-referendum/#section-9 …
607 #migrants have been rescued in the Mediterranean and brought to Italy since January 1st. Migrants arrived in Greece are 31,244
Big decline for Merkel's CDU/CSU Party in a new poll. Refugee crisis really impacting German politics.
Glencore 5-year CDS at new multi-year wides: 1131 bps.
Tsipras, Mitsotakis find little common ground in first meeting http://dlvr.it/DKPBdJ
Pavlopoulos Meets Draghi, Says Greece’s Partners Must Also Fulfill Promises on Debt http://dlvr.it/DKMpFg #Greece
Greek Centrist leader nixes call for alliance http://dlvr.it/DKLtf1
Two-day strike to keep Greek ferries at anchor http://dlvr.it/DKLrNq
Greek Migration Min: Refugees See Greece as a Transit Country http://dlvr.it/DKKqrL #Greece
Mouzalas slams Turkish failure to curb migrant flow as EU calls for completion of hotspots http://dlvr.it/DKKdzn
IMF Stance on Pension Reform Irks Greek Finance Minister http://dlvr.it/DKJcBh #Greece
Greece Must Set Up Refugee Hotspots Urgently, Migration Commissioner Says http://dlvr.it/DKHDGh #Greece
Pensioners rally against reforms http://dlvr.it/DKFtBY
Doctors Without Borders raps attempts by EU countries to deter migrants http://dlvr.it/DKFB6x
Refugee hotspots need to be ready in four weeks, says EU’s migration commissioner http://www.ekathimerini.com/205188
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