Evening wrap......
War watch items....
#Libya's National Oil Corp. appeals for help from regional and intl companies w/ expertise in fire suppression
#Belgium Refuses Arms Sales To #SaudiArabia, Germany May Follow http://bit.ly/1PKSsKS
#MiddleEast #SaudiExecutions
Refugee / Border Security /
A plan for sexual harassment ? Not in Germany , but allegedly in Helsinki !
Here is an update . However , carefully read through the full article before drawing conclusions or commenting.
Syrians rush to Turkey ahead of new visa rule http://bit.ly/1mIYNMY
Thoughtful-some of the problems seen in Europe also observed in Turkey. Lessons to be learned from TUR experience.
This is an important article to read regarding the Cologne, Germany situation. Let's listen to the women of Cologne
Swedish taxi drivers obliged to check ID's to stem refugee flow, avoid trafficking charges
http://sabahdai.ly/eGtNBq
European Commission: ‘Turkey’s Efforts to Tackle Refugee Crisis Unsatisfactory’ http://dlvr.it/DCZVN8 #Greece
Asia/ Emerging Nations....
Less than 3 years in- when Xiao was appointed, talk that CSRC was a transition role before succeeding Zhou at PBoC.
China's shares stabilized?
CHINA http://C.BANK INTERVENING TO SUPPORT YUAN VIA STATE-OWNED BANKS - TRADERS $CNY
SHANGHAI COMPOSITE INDEX FALLS 2.04%
China Leaves Yuan Little Changed After Folding On Circuit-Breaker Rules; Offshore Yuan, US Stocks Rise http://www.zerohedge.com/news/2016-01-07/china-leaves-yuan-little-changed-after-folding-circuit-breaker-rules-offshore-yuan-u …
CHINA SETS YUAN CENTRAL PARITY AT 6.5636 FRI VS 6.5646
Mike Shedlock: China's Use of Derivatives to Hide Capital Flight Comes Unglued; Reserves Fall by Record Amount; "W… http://ift.tt/1Jx9Xia
Here the chart of Rabigh Refining and Petrochemical Company share price (Aramco owns 37.5%)
Javier Blas
In 2008, @Saudi_Aramco floated a subsidiary: Rabigh Refining. As #Saudi talks about Aramco IPO, Rabigh shares hit today an all-time low!!!!
Shanghai Fund Manager Dumps All Holdings in ‘Insane’ Market http://bloom.bg/1ZaDwgH via @business The scene from last night.
Brutal slam for OPEC crude basket - lowest level since 2004.
#China | *CHINA SUSPENDS STOCK CIRCUIT BREAKER RULE, CSRC SAYS ON WEIBO
Truck bomb in Libya kills at least 60 policemen and wounds at least 200, officials say: http://apne.ws/1JwdHke
SAUDI ARABIA CONSIDERING AN IPO OF ARAMCO: ECONOMIST. someone needs cash?
Saudi Arabia's 5y default probability skyrocking on lower oil and political stupidity of kingdom's leader.
Reports:a water truck rigged with explosives was driven by a suicide bomber into the Zliten police academy,injuring ~100 with approx 50 dead
zerohedge
Gold, Bitcoin Soar After China Liquidates Most Reserves On Record To Defend Currency http://www.zerohedge.com/news/2016-01-07/gold-bitcoin-soar-after-china-liquidates-most-reserves-record-defend-currency …
Europe.....
Review is going to take months http://dlvr.it/DCcX3p
Of course , the credibility of the words of the Greece Gov't isn't very high , after various flip flops in 2015.
BREAKING: Man who attacked Paris police "wanted to avenge the deaths in Syria" http://www.thelocal.fr/20160107/man-shot-dead-attacking-police-on-charlie-hebdo-anniversary …
2008 all over again? Credit markets getting nervous on #China. Default probability of Thyssen, VW, RWE & Co. jump.
German justice minister threatens foreign Cologne attackers with deportation #koelnhbf
Overview.....
$2.5 trillion in market cap has been wiped out in the first 4 trading days of 2016
BREAKING: Dow futures tumble more than 400 points as China turmoil rattles nerves http://cnb.cx/1UywBY6
Europe......
Spain PM Rajoy Moving Toward Calling New Elections: El Pais
https://mninews.marketnews.com/content/spain-pm-rajoy-moving-toward-calling-new-elections-press …
#Schengone | *DUTCH PRIME MINISTER RUTTE SAYS EUROPE FACING SERIOUS PROBLEMS ...*RUTTE SAYS MUST IMPROVE SECURITY AT EXTERNAL BORDERS
"Cameron’s argument in Budapest: in the self-interest of Eastern EU member states to limit brain drain towards UK" http://www.politico.eu/article/door-still-open-david-cameron-benefit-reforms-germany-france-brexit-referendum/ …
Hollande to unveil tough anti-terror measures on #CharlieHebdo anniversary http://dw.com/p/1HZXf?tw
Merkel yesterday again refused to impose refugee caps as demanded by the Christian Social Union (CSU) https://euobserver.com/tickers/131727
Time for some good news: #Eurozone unemployment rate drops to 10.5%, lowest since Oct2011.
Dax drops below 10k on #China angst
Flight into safe havens: 10y German Bund yields drop below 0.5% as Brent below $33/bbl.
EU's refugee relocation scheme - complete failure http://ec.europa.eu/dgs/home-affairs/what-we-do/policies/european-agenda-migration/press-material/docs/state_of_play_-_relocation_en.pdf …
Asia/ Emerging Nations.....
Iran #SaudiArabia | Zawya: Iran bans imports of all products made in Saudi Arabia -INSA agency
BREAKING: Tehran accuses #SaudiArabia of airstrikes on #Iran's embassy in #Yemen http://sptnkne.ws/axzg
Power struggle between Saudi Arabia and Iran hampers peace process #SaudiIran http://dw.com/p/1HZSK?tw
#BREAKING: #Commodities trader Noble Group rating cut to junk by S&P (BB+ from BBB-). Moody's already cut it in Dec
#Libya - NOC confirmed today - 5 oil tanks in Sidra & 2 in Ras Lanuf are on fire due to #ISIS attacks - Sidra image
Iran #SaudiArabia | Zawya: Iran bans imports of all products made in Saudi Arabia -INSA agency
Aussie Dollar getting crushed
Heaviest air strikes yet hit Sanaa as Saudis open new front in Yemen
http://sabahdai.ly/8xGxqL
China margin: where will this end ?
A-Share, CNH crashed... Who get the benefit?
GOLD & BITCOIN !!
South African Rand weakens to record low on #China. http://bloom.bg/1ZPagZR
#China's defense of Yuan is growing more costly. Currency reserves tumbled by record $108bn. http://bloom.bg/1OOiXBW
Chart of doom: First trading week of #China's CSI 300. Looks as if intervention spurs panic rather than mitigate.
Chart of the day: #China's CSI 300 closed 6.9% lower after on of the shortest trading sessions in history.
The danger of intervention: China's CSI 300 index closed within half an hour after the opening bell.
#Japan's Nikkei closes down 2.3% at 17767.34 while Yen strengthens to highest level in almost 1y on #China angst.
Onshore-offshore yuan gap is driving arbitrage, so PBoC suspends StanChart, DBS and Deutsche from RMB settlements. http://www.bloomberg.com/news/articles/2016-01-06/standard-chartered-said-suspended-from-trading-currency-in-china …
*CHINA STOCKS REGULATOR SAID TO CALL UNSCHEDULED MEETING TO DISCUSS MARKET CONDITIONS, CIRCUIT BREAKER @business #ChinaMeltdown
Another chaotic day in China: Chinese stocks halted as weak Yuan fixing deepens Market rout. http://bloom.bg/1mDBgxv
Good Morning from Berlin: Asia Markets plunge on China angst. Shanghai stocks closed earlier after CSI 300 tumbles 7%
Korean is laughing the Circuit Breaker!!
*CSRC CAPS LARGE HOLDER STAKE CUT AT 1% OF TOTAL FOR 3 MONTHS, EFFECTIVE JANUARY 9TH, WILL CONTINUE TO STABILIZE INVESTOR SENTIMENT
Shift in China's reputation from technocratic competence to bumbling has been matched in pace only by the activation of its circuit breakers
Game over. China stocks halted for rest of day after less than 30 min of trading.
$SHCOMP -7.3%
$SZCOMP -8.3%
CSI300 -7.2%
ChiNext -8.7%
$CNH wut? Offshore yuan rebounds sharply. Stealthy, PBoC.
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