Wednesday, January 20, 2016

Economic News , Data & Views ( January 20 , 2016 ) - Asia/ Emerging Nations and Commodities ( 1, Oil crush continues , WTI falls to a 26 handle today. 2 . China items of note . 3. Currency crunch escalates. 4. Overall Commodity crush - multiple multi- year lows . 5. Equity Indexes fall below 200 moving day averages . ) Europe In focus ( 1. Paris attacks update. 2. Greece items of note. 3. Refugee items of note. 4. MENA Items Relating t Europe. 5. Brexit. 6.Italy in focus . 7.ECB items . )



Evening Wrap......







Shattered , Shattered.......

















Asian / Emerging Nations / Commodities ...












Ex-PBoC advisor to China: give up the dollar peg, and for the love of god start communicating with the markets










Shanghai Comp is set to open down by more than 1% despite gains in the region and PBoC injecting the most cash into the open market.










Gulf stock markets battered on oil slide










War On Cash Escalates: China Readies Digital Currency, IMF Says "Extremely Beneficial"










Multi-Year Currency Lows vs. the US $ today in... Russia Colombia Mexico Poland Canada UK Israel India Taiwan

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Commodities: New multi-year lows in Crude, Coffee, Platinum today. Crude down 82% from its '08 peak, down 28% YTD.

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Every Global Equity Index is down YTD, below its 200-day moving average, and at least 10% off its 52-week high.


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Oil Slides After API Reports Another Large Crude, Gasoline Inventory Build











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: oil plunges more than 7% to a fresh 12-year low of $26.30 a barrel - Earlier: view on oil












LATEST PRICES:
Brent: $27.10 WTI: $26.30 Canada heavy crude (WSC): $12.93 mix: $20.02 Arab Light (to Asia): $21.79










senior commander Abu Mohamed al-Dernawi found dead on side of road 70 km east of , was shot in the head

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| *DJ Aramco Chairman Says In Talks With China's CNPC and Sinopec












's FM Zarif: No need for Saudi Arabia to 'panic' over Iran policies.

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| *VENEZUELA SAID TO REQUEST EXTRAORDINARY OPEC MEETING IN LETTER..bless them











Europe ......









You can't always get , what you want......





















IS group says two Paris attackers were Iraqis

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Privatization Fund accepts Cosco's offer for 67% of shares of Piraeus Port for €369ml /via







Austria moves to slash asylum claims, Serbia moves to cut migrant flow northwards, Juncker wants a special summit










U.K.'S FTSE 100 enters bear market, down 20% from April record.

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Russia updates on its activity in Syria.















*TSIPRAS, BIDEN DISCUSSED GREEK BAILOUT, REFUGEES IN DAVOS ...in Dah-voh..ss












EU tells to explain plans to take refugees’ cash










| *UK'S HAMMOND SAYS JUNE CERTAINLY POSSIBLE FOR BREXIT VOTE: BBC











deportations doubled in 2015
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Brexit campaign gets boost as Church of England gives blessing












Here we go regarding caps on refugees.








| BANCO POPULAR CONSIDERING SELLING UP TO €8B WORTH OF REAL ESTATE ASSETS IN 2016 - SOURCE FAMILIAR WITH THE MATTER












CSU reacts to Austria capping refugees by concurring on the need for Germany to do the same thing.






















100s of applicants sue German government for taking too long to process their cases



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Trial balloon ?










Juncker: 'I am convinced that during council in Feb we will reach a fair deal w UK and fair deal for the 27 others - including the migrants'










*JUNCKER RECOMMENDS FURTHER SUMMIT ON REFUGEE CRISIS ...A "summit"! That'll fix it. [Belgian caterers rubbing hands!]











| ITALIAN PRIME MINISTER MET ECON MINISTER, BANK OF ITALY CHIEF ON WEDS TO DISCUSS ITALIAN BANKING SECTOR -SOURCE











| *RUBLE WEAKENS BEYOND 80.1 VS DOLLAR TO RECORD LOW

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| *EU SAID TO OPEN STATE AID PROCEDURE ON ITALY STEELMAKER: STAMPA













ECB has failed to prop up inflation expectations. 5y5y swap keeps dropping despite QE has filled ECB's balance sheet

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Right ahead of 's Tsipras appearance at tomorrow: Greek 10y yields jump to highest since Aug2015.


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