Thursday, January 7, 2016

Economic News , Data & Views ( January 7 , 2015 ) Europe in focus ( 1. Spanish New Election Looms . 2 . Refugee / Border Security concerns In focus . 3. Russia/ Turkey Sanctions Item. 4. Anti- Terror Measures In France On Charlie Hebdo Anniversary . 5. EZ Unemployment drops. 6. DAZ dropping faster today than EZ Unemployment amid markets in turmoil. 7. Bund safe haven bid , oil crushed again. ) Asia/ Emerging Nations ( 1. Saudi / Iran tensions in focus . 2. China yuan devaluation / market turmoil / policy disarray crushes Asia markets . 3 . Libya battlefield updates. 4. Yemen in focus . 5. Bitcoin price benefits from China turmoil. 6. South Africa Rand weakens to latest record low. 7. Nikkei drops 2.3%/ yen gains on China angst. )







Evening wrap......





War watch items....





's National Oil Corp. appeals for help from regional and intl companies w/ expertise in fire suppression
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Refuses Arms Sales To , Germany May Follow
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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







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

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European Commission: ‘Turkey’s Efforts to Tackle Refugee Crisis Unsatisfactory’






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 INTERVENING TO SUPPORT YUAN VIA STATE-OWNED BANKS - TRADERS







SHANGHAI COMPOSITE INDEX FALLS 2.04%









China Leaves Yuan Little Changed After Folding On Circuit-Breaker Rules; Offshore Yuan, US Stocks Rise







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…






Here the chart of Rabigh Refining and Petrochemical Company share price (Aramco owns 37.5%)

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In 2008, floated a subsidiary: Rabigh Refining. As talks about Aramco IPO, Rabigh shares hit today an all-time low!!!!






Shanghai Fund Manager Dumps All Holdings in ‘Insane’ Market via The scene from last night.







Brutal slam for OPEC crude basket - lowest level since 2004.








| *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:






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.
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Reports:a water truck rigged with explosives was driven by a suicide bomber into the Zliten police academy,injuring ~100 with approx 50 dead









Gold, Bitcoin Soar After China Liquidates Most Reserves On Record To Defend Currency







Europe.....




Review is going to take months
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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"

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- border checks to be extended



2008 all over again? Credit markets getting nervous on . Default probability of Thyssen, VW, RWE & Co. jump.
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German justice minister threatens foreign Cologne attackers with deportation  


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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
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Europe......













Going bust: ’s wholesalers feel the pinch of Russian
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| *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"













| Rajoy prepares his govt and PP for new elections. Plan sees cornering PSOE /via









| PSOE's Sánchez aims at Portuguese-style left-wing coalition despite disagreement over Cataluña via







Hollande to unveil tough anti-terror measures on anniversary
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Ukrainian Businessman Sues Over Annexed Crimea Airport







Merkel yesterday again refused to impose refugee caps as demanded by the Christian Social Union (CSU)







Time for some good news: unemployment rate drops to 10.5%, lowest since Oct2011.

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Dax drops below 10k on angst
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Flight into safe havens: 10y German Bund yields drop below 0.5% as Brent below $33/bbl.
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Asia/ Emerging Nations.....







Iran | Zawya: Iran bans imports of all products made in Saudi Arabia -INSA agency





BREAKING: Tehran accuses of airstrikes on 's embassy in
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Power struggle between Saudi Arabia and Iran hampers peace process
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: trader Noble Group rating cut to junk by S&P (BB+ from BBB-). Moody's already cut it in Dec
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- NOC confirmed today - 5 oil tanks in Sidra & 2 in Ras Lanuf are on fire due to attacks - Sidra image
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Iran | 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

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China margin: where will this end ?
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A-Share, CNH crashed... Who get the benefit? GOLD & BITCOIN !!
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South African Rand weakens to record low on .

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's defense of Yuan is growing more costly. Currency reserves tumbled by record $108bn.

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Chart of doom: First trading week of 's CSI 300. Looks as if intervention spurs panic rather than mitigate.

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Chart of the day: 's CSI 300 closed 6.9% lower after on of the shortest trading sessions in history.

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The danger of intervention: China's CSI 300 index closed within half an hour after the opening bell.
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's Nikkei closes down 2.3% at 17767.34 while Yen strengthens to highest level in almost 1y on angst.

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Onshore-offshore yuan gap is driving arbitrage, so PBoC suspends StanChart, DBS and Deutsche from RMB settlements.







rout deepens on global angst. Brent drops by another 3%.

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*CHINA STOCKS REGULATOR SAID TO CALL UNSCHEDULED MEETING TO DISCUSS MARKET CONDITIONS, CIRCUIT BREAKER









Another chaotic day in China: Chinese stocks halted as weak Yuan fixing deepens Market rout.

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Good Morning from Berlin: Asia Markets plunge on China angst. Shanghai stocks closed earlier after CSI 300 tumbles 7%

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Korean is laughing the Circuit Breaker!!
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*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. -7.3% -8.3% CSI300 -7.2% ChiNext -8.7%









wut? Offshore yuan rebounds sharply. Stealthy, PBoC.
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