Friday, January 8, 2016

Economic News , Data & Views ( January 8 , 2015 ) Around the horn ( 1. China calms markets as Peking ditched circuit breaker mechanism + PBOC raised yuan for 1st time in 9 days. 2. Nikkei closes down 0.4% at 17697.96 despite China rebound. Yen weakens as investors become less risk-adverse. 3. Terror concerns - Paris in focus. 4. Refugee related matters & concerns. 5. Monetary Union step rejected by German citizens in petition - EU Common Deposit Insurance Scheme panned. 6. France in focus . 7. Hungary would veto sanctions against Poland & Poland in focus. 8. EZ politics - Netherlands , Greece in focus. 9. Data splash - various EZ and E.U countries in focus. 10 . Odds& Ends. )



Evening wrap.....






Silvia Wadhwa , who many may recall as a "straight forward " thinker / speaker on CNBC , with some food for thought.







Athens irked by suggestion review will be drawn out
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As goes the first week, so goes the year? 's Dax drops by 8.3% in 1st week of 2016, worst week since Aug2011

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- Cologne police chief relieved of his duties after New Year’s Eve violence

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MUST READ: Hurries to Reinvent Itself for an Era of Low

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Slovakia vows to refuse entry to Muslim migrants
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BREAKING: Economy adds 292,000 jobs, unemployment rate unchanged at 5 percent.







Upward revisions also says this jobs report was a good one. October up to +307 and Nov up to +252






292,000 jobs means we are still on track for the next Fed rate hike






The lower wage gain means no inflation concerns at the Fed. Again suggests the Fed is still on track for the next rate rise.







Greek protesters clash with police in rally against gov plan for pension reform. Rally to be 1st of many, unions say










Previously Syrians could take a plane or boat from Lebanon to Turkey. Now visas only available to those coming to Turkey by land.







Europe......






GERMAN INTERIOR MINISTRY: 18 OF 31 SUSPECTS IN COLOGNE NYE ATTACKS ARE ASYLUM SEEKERS






Two arrested over NYE sexual assaults








Paris prosecutor casts doubt on identity of police station attacker
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Fingerprint of Paris attacks fugitive, explosives, found in Brussels flat, says prosecutor
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.: will "examine all possibility under international law to return criminal asylum seekers to their homeland."








QED







Woman Arrested in Greece for Suspected Links to ISIS









Sarkozy's popularity collapses: He's even less popular than Socialist Macron among right-wing voters /via










Timmermans: “We are a long way from being satisfied” with results of EU-Turkey migrant deal







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Orban: Hungary would veto sanctions on Poland






Report: Polish public media to sack all employees








The Dutch government plans to campaign for a Yes in an upcoming referendum on the EU-Ukraine free-trade agreement









Dutch PM Rutte: Of “crucial importance” that influx of migrants via Turkey slows down: “There is no time to lose”








Latest from Amsterdam: Dijsselbloem says it's going to take months to sort out Greece's next bailout payment






Greece what? China crisis draw all attention. But Greek problems remain. Default probability has risen to almost 55%
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Ouch! Swiss National Bank expects annual loss of CHF23bn, loss on FX was CHF20bn, Valuation loss of CHF4bn from Gold
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| Dec CPI M/M: -0.2% v -0.3%e; Y/Y: -1.3% v -1.2%e
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| NOV INDUSTRIAL PRODUCTION M/M: 0.3% V 0.5%E; Y/Y: 0.1% V 0.5%E

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| Industrial production 3M average -1.0%








| Nov Industrial Production M/M: -0.5% v -0.8% prior; Y/Y: -1.7% v -0.8%

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| NOV INDUSTRIAL PRODUCTION M/M: -0.9% V -0.3%E; Y/Y:2.8 % V 3.0%E

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Asia / Emerging Nations .....







| NOV PPI MANUFACTURING M/M: 0.0% V1.8% PRIOR; Y/Y: 10.4% V 10.9%

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Yuan Seen Needing Bigger Depreciation for to Reap Benefits.

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Deutsche's Saravelos: will no longer tolerate competitive devaluations from the rest of the world.
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's CSI300 closes up 2% at 3,361.56 points after volatile session. Down 9.9% for the week, worst since Aug2015.

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Risk aversion eases on action by Chinese authorities as FX risk barometer AUDJPY highlights.
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Asia crisis reloaded? 's stocks have worst start to year since 1997.

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Nikkei closes down 0.4% at 17697.96 despite rebound. Yen weakens as investors become more risk-friendly.

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stocks up after circuit breaker axed and yuan surprisingly fixed higher.

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Good Morning. calms mkts as Peking ditched circuit breaker mechanism + PBoC raised yuan for 1st time in 9days

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