Tuesday, February 9, 2016

Economic News , Data & Views ( February 9 , 2016 ) Europe In focus ( 1. Greece Items Of Note - EG Looms Thursday , Greek Bonds Collapse Today / Pensions In Focus / Farmer Protest Ramps Up Further / Refugee Related Matters . 2. Deutsche Bank Still In Focus , Will Continue To Be In focus As Many Wonder Whether " DB" Is Lehman Bros 2016 . 3. Brexit / EU-UK Negotiation Items Of The Day - Cameron Panned For Flimsy Negotiation . 4. Russia / Ruble/ Oil - Collapse In Oil Prices And Associated Collateral Damage. 5. Banks Under Pressure - Falling Down In 2016 Club . 6. Refugee/ Migration / Border Security. 7. NIRP News Of The Day. )



Evening Wrap ......





Europe In Focus ......








Greek bonds extended losses ahead of Thursday’s Eurogroup meeting

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Excellent missive on Greece's pensions - political third rail & gordian knot.














Greek farmers ramp up motorway blockade over pension reforms

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Greece: NATO migrant patrols in Turkish waters

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If this represents thinking at DB re: "Saving The Banks" , you will need "mother of all crisis" to ram this thru.












Liquid or not, Deutsche Bank is in hot water













Markets are pricing Deutsche Bank debt already as junk.

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Deutsche Bank CDS (credit default swaps) spike to levels not seen since 2008


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The CoCo that popped.


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My analysis of Deutsche Bank's reported figures last week does not support Cryan's assertion that it is "rock solid"













As "legally binding" as & lol -










Cameron's debate absence could boost Brexit, pollster warns











I'm a Europhile but here's why I'm heading for the door










David Cameron 'asked for too little' on Brexit

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People are brilliantly mocking David Cameron's Brexit scaremongering

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A Grexit-Brexit perfect storm? Read Brussels Briefing.


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Cameron must not fudge hard-line eu negotiation – yahoo finance uk: The EU is an institution mired in c...













"Unsustainable" Debt: S&P Cuts Credit Rating to CCC via

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API inventory build +2.4MM, Cushing +715K, Gasoline Inventories +3.1MM






















-- Vitol Predicts Oil Stockpiles Will Keep Growing Amid Surplus -- Goldman Sachs Says Crude Prices Could Drop `Into the Teens'











March 2016 K for WTI ends lower by $1.75 -at $27.94 ! . 4th consecutive losing session.













Ruble weakens towards 80 per Dollar as oil drops >6%.

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Lavrov: U.S. considering Russian proposal on Syria






















David Stockman: Chart Of The Day: Why Banks Stocks Are Cratering——It’s The 2-10 Spread Going Flat









Share price change since start of year. HSBC: -19% Barclays: -27% JP Morgan: -17% Citigroup: -27% Bank of America: -28% Deutsche Bank: -39%










What happens after refugees arrive in Greece?

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"We must now consider the prospect of the end of the EU as we have known it" – Hans-Helmut Kotz














'We can open doors to Greece, Bulgaria, put refugees on buses' - Erdogan quoted telling EU

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Number of migrants reaching Europe by sea soars 10-fold: migration agency










Terrorism fears and refugee crisis secure profits for Swedish security firm
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What does the future hold for the EU and ?
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RT FT : European banks are uneasy over deeper negative interest rates
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New all-time yield lows today in

Sweden Germany Netherlands Finland Austria Belgium France Japan Your move, Yellen

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Chart: 10y JGB yield -
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NIRP
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Japan 10-year yield currently -0.004%






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