Tuesday, January 5, 2016

Economic News , Data & Views ( January 5 , 2016 ) Europe Round Up ( 1. Refugee Items Of Note . 2. EU Parliament Chief Visits Peshmerga Front-Lines In Syria - MENA Events Will Continue To Influence and Draw Focus Of Europe In 2016. 3. Poland Continues To Be in Focus With Its Actions On Its Constitution Court , EU Commission Still Talking But Not Acting Against Poland . 4. UK's Referendum Items . 5. ECB In Spotlight As Inflation Stuck Close to Zero . 6. VW Bounds Back Into the News - Civil Lawsuit In Focus . 7. Additional Items / Areas / Odds & Ends ) Asia / Emerging Nations In Focus ( 1. China - China fails to prop up stocks w/ big interventions. Shanghai Comp closes down 0.3%, Shenzhen Comp -1.9%, ChiNext -3%. 2. Saudi showdown w/ Iran puts strain on decades-old US ties . 3 Japan In Focus - Japan's Nikkei closes down 0.4% at 18374.00 as China fails to calm nerves w/ big market interventions. )




Evening wrap......






It may be challenging its role in new program, but Greek government has invited 11-person IMF mission to take part in negotiations 18-30 Jan







Ministry, prosecutors clash over use of 'illegal' lists
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Just 272 resettled after 4 months ? Who is the EU kidding here ?






Jordan confirms 12,000 Syrian refugees amassed at border









Politics around refugees in Germany about to get much sharper.









Death toll has risen to 36 now...








WTI cracks , sports 35 handle.






Brent trading at $36.50 a barrel -- the whole rally evaporated (WTI flirting with the $36 level)

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Late-day pictures from Sidra (Es-Sider), 's largest oil terminal. Two storage tanks are on fire.

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(Minor) Correction to 01-04 January Update Map:
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Political stupidity can be measured. Saudi's 5y default risk jumps as leaders have started worst clash since 1980s.

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Catalonia's separatist leader admits he is 'ready' to call fresh elections
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Venezuela's Maduro plans to decree economic emergency
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EU reform: Sr. German politicians move to support Cameron curbing benefits for EU migrants in the UK







| *KURODA: BOJ COULD DO ADDL EASING IF IT WAS NEEDED ...cos after 20 yrs of doing same thing...even moar of it clearly going to work








Overview......








Morning Note: 1. Calm after market storm. 2. China plunge protection team at work. 3. ECB inflation headache

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Good Morning from Berlin: Asian equities stabilize after China said to intervene to prop up stock market after slide

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Europe......








Just 10% of Greece’s 1million Jobless receives “unemployment allowance”











Greek gov spox insists proposal for pension reform foresees no cuts, even sees increases from 2018









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Should Germany stop exporting arms to Saudi Arabia?

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Sunnis, Shiites locked in an endless conflict

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EU Commission to review Polish gov't actions on constitutional court and media – but no formal investigation yet
























German Chancellor Angela Merkel rejects call by sister party to cap refugees at 200,000










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Cologne: German police hunt for group of up to 1,000 men 'of Arab and North African origin' over sex attacks










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Civil lawsuit against VW will prove a costly affair

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Denmark border controls: Steinmeier warns on Schengen risks

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*ZLOTY WEAKENS PAST 4.00/USD
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Asia/ Emerging Nations .....







is ‘huge risk factor’ for global stability, Federation of German Wholesale, Foreign Trade & Services BGA says

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BARCLAYS SET TO CLOSE IB BUSINESSES IN SOUTH KOREA AND TAIWAN, OTHER COUNTRIES WILL ALSO BE AFFECTED - RTRS SOURCES








Nine Drowned Migrants Wash Up on Turkey’s Aegean Coast








| *ROUHANI: SAUDI ARABIA CAN'T COVER UP CRIMES BY SEVERING TIES












China fails to prop up stocks w/ big interventions. Shanghai Comp closes down 0.3%, Shenzhen Comp -1.9%, ChiNext -3%

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Saudi showdown w/ puts strain on decades-old US ties and drives default probability up

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's Nikkei closes down 0.4% at 18374.00 as fails to calm nerves w/ big market interventions.

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PBOC injects $20bn to calm nervous investors BUT Offshore Yuan continues it's slide.

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Another dramatic day in stocks. After a 3% gap down China said to intervene to prop up stock market and Yuan.

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