Thursday, February 4, 2016

Economic News , Data & Views ( February 4, 2016 ) Overview ( Charts Of The Day to Consider - H/Ts to Charles Bilello & Holger Zschaepitz ) Europe In Focus ( 1. Italy Still Tangling With EU Brahmas . 2. EU - UK Negotiation / Brexit Items Of The Day. 3. Portugal Adopts 2016 Budget - Without Waiting For EU Commission Report . 4. Greece Items Of Note For The Day. 5. Refugee/ Economic Migration / Border Security Issues Of the Day. 6. Zika In Europe - First Case In Europe Of Zika Virus In Pregnant Woman . 7. Spanish Political Updates. 8. Ukraine Political Drama For Today. 9. Company Specific News - Glendora & Credit Suisse In focus. 10. BOE Keeps Rate UnChanged At Policy Meeting. )



Overview.......









SLJ: Excluding Monaco, has the highest median age of 46.5, compared to 37.8 for the US & 36.8 for .


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It’s a negative-rate world out there.
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Dollar Index down 3% on the week, one of the largest weekly declines in history. Biggest drop since May '09.
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The lower for longer dance since 2009...
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A picture definitely worth 140 characters...







Evening Wrap .....







Europe ....










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Half of back early parliamentary and presidential -


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Italy vs EU battle looms. .









John Whittingdale becomes first Cabinet minister to suggest he will back Brexit









- Gov't adopts draft 2016 budget. Without waiting for EU Commission's assessment, due tomorrow afternoon.










My big fat Greek refugee crisis quiz. New and improved edition with added political posturing








Cologne carnival begins under tight security as Isil suspects arrested 'for planning terror attack in Berlin'







Headline -Turkey's refugee cost to date.10 BN for refugees in camps .20 BN more needed for refugees outside camps













Spain confirms case of Zika virus in a pregnant woman - the first in Europe









| PSOE's Sánchez & Ciudadanos' Rivera agree on reform package outline but disagree on 3rd coalition partner.








| Possible PSOE & Ciudadanos agrmnt to include reforms on social policies, institutions, constitution and economy, + an policy






Following meeting with mission chiefs, Labour Min said all big issues are (still) open, institutions did not demand pension cuts.







Yatsenyuk: Key Pavlenko, Stets, Kvitashvili, Pyvovarsky withdraw
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economy Klymenko, Nefyodov, trade envoy Mykolska
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prompts calls for new parliament , government reshuffle
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Mroe than 4 in 5 Germans dissatisfied with gov. response to
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Perhaps now we can move on from debate about whether is allowing EU to help with border controls?












- Leader of Socialist MPs says technical talks with EU Commission over 2016 budget are over, it's time for "political decision".














Migration 'brake' won't work, say critics on both sides of EU divide











S&P lowers credit rating to BBB- (from BBB), just one notch above junk (outlook stable)


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Credit Suisse Plunges To 25 Year Lows After Posting Enormous $5.8 Billion Q4 Loss













Thousands of firms flee to Bulgaria
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Greek bus drivers, migrants block highway over border impasse
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Police fire teargas as tempers flare over pensions


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Getting ugly for Credit Suisse -12% today....
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BoE votes 9-0 to keep rate at 0.5% Vs 8-1 prev.


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