Overview......
Asia Update......
BOOM: Australian manufacturing hits a 12-year high - http://www.businessinsider.com.au/boom-australian-manufacturing-hits-a-12-year-high-2016-4 …
AsiaPac Data Deluge: China Good, South Korea Bad, Japan Ugly http://www.zerohedge.com/news/2016-03-31/asiapac-data-deluge-china-good-south-korea-bad-japan-ugly …
Happy Panda China PMI Friday !
Mfg 50.2 (est 49.4 Feb 49)
Services 53.8 (Feb 52.7)
Caixin mfg: 49.7 (est 48.3 Feb 48)
CHINA MANUFACTURING PMI AT 50.2 IN MARCH, EXP. 49.4, LAST 49.0
China getting in the spirit of April Fool's by dropping March PMI data early. First beat: official non-manufacturing PMI 53.8, prior 52.7.
Yen and JGBs rally, stocks drop on dour Tankan survey http://on.ft.com/22TlpOj
From Earlier......
Q1 is 1st quarter since Great Depression to record drop of >10%, then rebound to end higher http://blogs.wsj.com/moneybeat/2016/03/31/sp-500-just-did-something-it-hasnt-done-since-the-depression/?mod=djemMoneyBeat_asia …
2-Year Yields: new all-time lows in Q1 across the Eurozone, Japan, UK, Canada, South Korea & New Zealand.
After 8 consecutive monthly declines, the Bloomberg Commodity Index finishes higher (+3.8%) in March. $BCOM
Equities, % below all-time high
Italy: 64%
Japan: 57%
China: 51%
France: 37%
Brazil: 32%
Germany: 20%
UK: 13%
US: 3%
China Unveils 'Trumpian' Tariffs On All Foreign Goods http://www.zerohedge.com/news/2016-03-31/china-unveils-trumpian-tariffs-all-foreign-goods …
Copper Continues To Crumble Amid Record China Inventories http://www.zerohedge.com/news/2016-03-31/copper-continues-crumble-amid-record-china-inventories …
S&P cut #China to AA- negative from AA- stable.
National Press Club alarmed about violence against journalists in Erdogan's @BrookingsInst event.
Exactly. Erdogan seems to believe having a majority gives him unchecked power.
Erdogan's thugs attack reporters outside @BrookingsInst as Erdogan speaks inside.
Olympics In Doubt As Brazil Sports Minister Quits, Rio Governor Says "This Is The Worst Situation I've Ever Seen" http://www.zerohedge.com/news/2016-03-31/olympics-doubt-brazil-sports-minister-quits-rio-governor-says-worst-situation-ive-ev …
Brazil’s poor are a largely loyal force that Lula and Rousseff are pinning their hopes on http://bloom.bg/1RsiDIp
Brazil prosecutors charge world's richest banker in bribery scheme: http://reut.rs/1VbRzyn
BREAKING NEWS: Brazil top court votes to remove Lula case from corruption judge - AFP
Europe ......
Refugee Crisis.....
"There Are No More Hotel Beds At All": Sweden's Tourism Industry Collapses As Resorts Become Refugee Centers http://www.zerohedge.com/news/2016-03-31/there-are-no-more-hotel-beds-all-swedens-tourism-industry-collapses-resorts-become-r …
"Greek asylum system reaches breaking point." Via @irinnews
https://www.irinnews.org/news/2016/03/31/greek-asylum-system-reaches-breaking-point …
How the treatment of Afghan refugees shows the EU asylum system is collapsing (by me with @p_zalewski + Kerin Hope) http://www.economist.com/news/europe/21695894-treatment-afghans-shows-how-europes-asylum-system-collapsing-living-limbo …
Greece, Turkey take legal short-cuts in race to return migrants http://dlvr.it/KxCM3Q
Smugglers are now advertising Turkey-Italy trips again, 13 months after the last confirmed ones. http://www.theguardian.com/world/2016/mar/31/smugglers-offer-turkey-to-italy-boat-crossings-facebook-ad-eu-greece?CMP=soc_568 …
#EU confident 500 migrants will be sent back to #Turkey on April 4/2016 but method still unclear [lol] #Greece http://www.keeptalkinggreece.com/2016/03/31/eu-confident-500-migrants-will-be-sent-back-to-turkey-on-april-42016/#.Vv1Hpu7gU90.twitter …
Syrian Observatory of Human Rights makes a shocking , if accurate , allegation against Turkey.
51,393 Refugees and Migrants in Greece on Thursday http://dlvr.it/Kx7n7h #Greece
Migration crisis: Hungarian government says EU cities have 900 no-go zones http://gu.com/p/4txq8/stw
"Needless to say, there is no mention of humanitarian visas, resettlement or any other form of safe passage"
Turkey #refugees deal is a 'spectacular EU failure:' Greek ruling party MEP http://dw.com/p/1IMdy
Spain......
#Spain's 2015 fiscal deficit missed big, reaching 5.2% of GDP, 1%> target despite buoyant growth & low funding costs
"Data published today confirm the @EU_Commission's concerns about #Spain's budgetary trajectory," says @pierremoscovici. /via @SpiegelPeter
#Spain | *SPAIN'S BUDGET DEFICIT AT 13.2 BILLION EUROS JAN-FEB.
UK.....
Excellent read...
UKIP Leader @Nigel_Farage: Remaining in the EU is a death sentence for Britain’s steel industry http://www.express.co.uk/news/politics/657124/Tata-steel-crisis-Nigel-Farage-Brexit-EU-referendum-David-Cameron …
RT FT : Tata Steel state rescue is likely to fall foul of Brussels http://on.ft.com/1RMRSNY
France......
Watch: Protests in Paris against a French labor law descend into clashes http://bit.ly/1X04EtM
According to Union organizers, 1.2 million took the streets across France to decry labor law reforms. #LoiTravail
Massive (and very wet) crowds at the labour reform marches in southern Paris.
Hundreds of thousands protest across France against labor reforms #greve31mars #LoiTravail http://dw.com/p/1IMdC
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