Wednesday, September 7, 2016

Economic News , Data & Views....... September 7 , 2016...... Quick Hits. Markets & Market Moving News : US , Europe , & Asia Stock Market Developments ; Crude Oil Items Of Note ; Bond Markets Related Items ; Market Moving News. 2. Around The Horn For Europe - Greece , France , Italy , UK & Germany. 3. MENA - Libya & Syria In Focus.

Markets ......

Thursday morning data &News from Asia....

Japan revised 2Q GDP: Annualised +0.7% (est 0.2%) On-quarter +0.2% Deflator 0.7% (est 0.8%)

S. Korea wins WTO case against U.S. punitive duties on washing machines

Korean firms rush to sell debts ahead of U.S. rate hike

Hanjin sends supplies to replenish stricken vessels: Embattled Hanjin Shipping has begun supplying groceries ...

Hanjin Shipping not out of the woods yet. Korea Development Bank balks at ponying up further despite Court request.

Hanjin thrown a $90 million lifeline, but that's not enough to resolve the crisis, experts say. -

82 Hanjin ships are either en route to ports or not allowed to dock

NY-NJ terminal accused of unreasonable fees tied to Hanjin chaos: A group of US customs brokers and forwarder...

Wednesday items.....

Stocks are inching closer to 2016's second correction via

Crude drawdown -12.08MMbbl, exp: +906Kbbl: API

CRUDE -12.1mb GAS -2.34mb DISTILLATES +0.944mb CUSHING -0.703mb

$47.5 billion in IG debt issued in past two days. YTD total $1.21 trillion, up 10% Y/Y

U.S. crude futures settle at $45.50/bbl.⬆$0.67. +1.49%.

News wrap for European morning..

Frontrunning: September 7

Around The Horn For Europe.....


Could Greece Be Headed to Another Bailout Standoff?

Greek Trade Deficit Up 88.9 Percent in July

Refugees and Migrants Continue to Arrive on the Greek Islands

Germany: Yes, We Will Return Refugees to Greece Says Ministry Spokesperson

Unbelievable pictures from today, after worst flooding in years hit the Peloponnese. Unprecedented disaster.

: Jan-Jul 2016 Trade Deficit €10.96 bn (+9.7% vs same period last yr). Exports €14.25 bn (-7.2%). Imports €25.20 bn (-0.5%). [ELSTAT]

Greece baulks at 'unacceptable' German plans to send back refugees

MoF sources refute rumors on earlier imposition of increases in taxation of fuels, coffee and cigarettes.


As Gabon erupts in violence, the dark, twisted legacy tying the former colony to Paris is bubbling up to the surface

Summer may be over, but in France the uproar over beaches banning the burkini is not.

Paris police hold two after a car is found with seven gas cylinders inside:

Work on Calais wall to shut out migrants to start this month

No center-left candidate would have sufficient support to reach 2nd round of French presidential election in 2017


5 Star Movement - Is it ready for prime time ?

Not a good look...


Over 1,000 refugees were rescued from sinking boats just under 20 kilometers off the coast of Libya

Thousands of neo-Nazis have taken part in a huge right-wing festival near Venice, Italy, during the last days.

Italy’s effort to encourage more births has backfired amid a public outcry via


In Germany, tax cuts go from taboo to potential political tool 🔓

Germany and : defending or curbing migration?

The decline and fall of Germany's 'neo-Nazi' party, NPD, by

. says he'll ask countries like Germany and Saudi Arabia to pay more for security the U.S. provides.

Refugee policies fallout continues.....

Poland, Hungary, Slovakia, Czech Republic – will present a joint position on the future of the EU.

Crazy times - making profit by selling debt !

but DE trade surplus with Eurozone is going down - it's exports to non-Eurozone countries that drive the surplus 2/2


Ex-Hurricane Hermine triggers 60mph storms bringing abrupt end to UK's scorching September

Thursday's i front page: "May hit by Brexit backlash" (via )

EU now trying to get its hooks into national taxes of member states. Shocked UN hasn't thought of such a ploy.

UK arms sales to Saudi Arabia increased 30-fold in 1st year of conflict according to a draft parliamentary report, reports

Just published: front page of the Financial Times UK edition for September 8

Taking page from Trump? UK building wall to stop illegal immigrants via

Odds & Ends.....


Have to dig deeper for validation , but this could be something to keep an eye on.

Turkish sources: "Turkey deployed 90 tanks and elite forces along the borders with Afrin".

Rear Ad.Guan Youfei visit2 prpard a possible naval base n Tartous 2be discussed durin visit2

Turkey open to working with US to liberate Raqqa. That is not a bad thing.

opposition: we will reject any -Russian plan differs from our own

Syria regime, Kurdish-led forces and Turkey-backed rebels all moving toward key town of al-Bab


Tripoli troubles coming to the surface...

Nothing to say...

Ezeddin Agil: It is almost certain that Mahdi al-Barghathi will remain defense minister in the next government formation

Ezeddin Agil: Ali al-Gitrani returned and brought with him controversial demands over which there is disagreement

Ezeddin Agil: Omar al-Aswad returned to the Presidency Council because he hopes to obtain a larger share for Zintan militias

Petroleum Facilities Guard responds to fraud accusations by Sanallah

With Eid approaching, situation in is only deteriorating. Long queues at both banks & fuel stations

Critics noting that 5 months after UN-government arrives in Tripoli UN still holds Libya talks in neighbouring countries, not Libya.

PM of UN-backed government turned up to UN Libya talks in Tunis but PM of rival eastern government stayed away, visited NIger.