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 ... http://bit.ly/2cD7FAm
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. http://www.wsj.com/articles/hanjin-group-offers-90-million-to-help-shipping-unit-1473134211 … - @WSJ
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... http://bit.ly/2c9JlEP
Wednesday items.....
Dead Market Walking - Stocks, Bonds, Dollar Go Nowhere http://www.zerohedge.com/news/2016-09-07/dead-market-walking-stocks-bonds-dollar-go-nowhere …
Stocks are inching closer to 2016's second correction http://on.mktw.net/2cdlLdy via @Pensionpartners
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
$0.67. +1.49%.
News wrap for European morning..
Frontrunning: September 7
Around The Horn For Europe.....
Greece.....
Could Greece Be Headed to Another Bailout Standoff? http://dlvr.it/MCZvZB #Greece
Greek Trade Deficit Up 88.9 Percent in July http://dlvr.it/MCX7PN #Greece
Refugees and Migrants Continue to Arrive on the Greek Islands http://dlvr.it/MCWWGB #Greece
Germany: Yes, We Will Return Refugees to Greece Says Ministry Spokesperson http://dlvr.it/MCX7Px #Greece
Unbelievable pictures from #Greece today, after worst flooding in years hit the Peloponnese. Unprecedented disaster.
For more pictures of yesterday's floods in #Greece, check: 1) http://news.in.gr/greece/article/?aid=1500099677 …; 2) http://www.protothema.gr/greece/article/608459/karavia-vgikan-sti-steria-autokinita-sti-thalassa-/ … 3) http://www.newsit.gr/ellada/THeominia-kai-eikones-vivlikis-katastrofis-stin-Kalamata-apo-tin-kakokairia-Plirofories-gia-enan-nekro/647312 …
#Greece: 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 http://bit.ly/2cAOji7
France......
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. http://n.pr/2ckWfU6
Paris police hold two after a car is found with seven gas cylinders inside: http://reut.rs/2bYhrB9
Work on Calais wall to shut out migrants to start this month http://f24.my/2csUr8E
No center-left candidate would have sufficient support to reach 2nd round of French presidential election in 2017
Italy......
5 Star Movement - Is it ready for prime time ?
Not a good look...
ITALIAN TREASURY SOUNDING OUT INVESTORS ON 50-YEAR BOND: WSJ
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 http://bloom.bg/2cFiuFT via @markets
Italy's #earthquake made the Apennine mountains grow by 4cm: http://thelocal.it/20160907/italy-earthquake-made-the-appennines-grow-by-4cm …
Germany......
In Germany, tax cuts go from taboo to potential political tool http://on.wsj.com/2c5S6Bp 
dwnews
The decline and fall of Germany's 'neo-Nazi' party, NPD, by @BenWernerKnight http://dw.com/p/1JxIu
.@realDonaldTrump 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
UK.....
Ex-Hurricane Hermine triggers 60mph storms bringing abrupt end to UK's scorching September http://bit.ly/2cbiiuZ
New Snowden Leaks Reveal Mystery Behind NSA's UK Base~ http://www.presstv.ir/Detail/2016/09/07/483519/NSA-Edward-Snowden-UK-base-capturekill-operations …
Thursday's i front page:
"May hit by Brexit backlash"
#tomorrowspaperstoday #bbcpapers (via @suttonnick)
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 #Yemen conflict according to a draft parliamentary report,@ggatehouse reports
Just published: front page of the Financial Times UK edition for September 8 http://on.ft.com/2c98eAz
Taking page from Trump? UK building wall to stop illegal immigrants http://fxn.ws/2cCJZi7 via @AdamShawNY
A dispassionate reminder to the UK govt it can't have it all.@ChrisGiles_ in top form (@FT) http://www.ft.com/cms/s/0/d1ddae3e-743e-11e6-b60a-de4532d5ea35.html?siteedition=intl#axzz4JZhKDulJ …
Odds & Ends.....
Syria......
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".
Turkey open to working with US to liberate Raqqa. That is not a bad thing.
Syria regime, Kurdish-led forces and Turkey-backed rebels all moving toward key town of al-Bab
Libya.....
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
#Newsroom
Ezeddin Agil: Omar al-Aswad returned to the Presidency Council because he hopes to obtain a larger share for Zintan militias
#Newsroom
Petroleum Facilities Guard responds to fraud accusations by Sanallah
http://www.libyaobserver.ly/news/petroleum-facilities-guard-responds-fraud-accusations-sanallah …
#Libya
#Libya Critics noting that 5 months after UN-government arrives in Tripoli UN still holds Libya talks in neighbouring countries, not Libya.
#Libya PM of UN-backed government turned up to UN Libya talks in Tunis but PM of rival eastern government stayed away, visited NIger.
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