Catharsis Ours: Economic News , Data & Views ( December 9 , 2015 ) - Europe In Focus ( Refugee crisis continues to produce death on the high seas / Dangerous conditions also continue in Greece & Germany ...... Russia & Ukraine items of note ...... Spain Election items ....... ECB / IMF items ...... German data / news of the day - Trade data disappoints / Merkel popularity slips further / Labor costs data ) ....... Asia In Focus ( News and Data from - Overview - Asia risk markets slip on stress across commodity complex. China CPI stronger than feared. Additional items of note from China , Japan , Indonesia , India , South Korea , Singapore )

Europe.......

Evening wrap...........

Spot on ! 

Hugo Dixon @Hugodixon

The EU’s hypocrisy on Turkey. My column @POLITICOEurope http://www.politico.eu/article/eu-hypocrisy-turkey-accession-negotiations-membership-human-rights/ …

‏@fredwalton216

Anglo's Shadow Hangs Over Glencore Investor Day as Shorts Circle http://bloom.bg/1R9oGlC  via @business

‏@fredwalton216

Russia threatens to force Ukraine into default on all of its debt .IMF takes a broadside as well. Payment due-12/20. 

Natasha Doff @natashadoff

Russia, Ukraine Lurch Toward Court Battle Over Bond Dispute http://bloom.bg/1TAtG0v  via business

‏@NikiKitsantonis

Greek Police say 2300 migrants moved from Idomeni-Athens. Migrants on border-bound buses who aren't Iraqi,Afghan,Syrian being sent to Athens

‏@dwnews

New draft accord pushes #Paris #COP21 #climate conference into decisive phase: http://dw.com/p/1HKmB  

‏@fredwalton216

Glencore flashing red warning lights and sirens blaring today -CDS soaring. 

zerohedge @zerohedge

Glencore CDS Are Soaring Again As Default Risk Rises Above 50% http://www.zerohedge.com/news/2015-12-09/glencore-cds-are-soaring-again-default-risk-rises-above-50 …

‏@YanniKouts

#EU's Moscovici: #IMF presence in Greek rescue is "necessary"; he doesn't want to see dispute on #IMF role in Greece. /via @DailyFXTeam

‏@Darlington_Dick

*SILUANOV: EU UNOFFICIALLY REFUSED TO GUARANTEE UKRAINE DEBT

‏@tassagency_en

Ukraine’s finance minister says no debt restructuring offer received from Russia http://tass.ru/en/economy/842743 …

Morning Items......

‏@OpenEurope 2

German cabinet agrees that all aslyum seekers will be issued w/ "asylum ID" from 2016: http://openeurope.org.uk/daily-shakeup/eu-considering-emergency-brake-for-eu-migration-to-the-uk/#section-8 …

‏@ekathimerini

At least 12 dead as migrant boat sinks off Farmakonissi http://dlvr.it/CySR4R  

‏@GreekReporter

Police Clear Protesting Migrants from Greece-FYROM Border http://dlvr.it/CySBHy  #Greece

‏@dwnews

Berlin sued over dangerous conditions for refugees http://dw.com/p/1HJPa  

‏@KyivPost

Vice President Joe #Biden's Dec. 8 #speech to Ukraine's #parliament (VIDEO) http://bit.ly/1OPYwD4  

‏@OpenEurope

Ukrainian governing coalition is at risk of breaking apart: http://openeurope.org.uk/daily-shakeup/eu-considering-emergency-brake-for-eu-migration-to-the-uk/#section-7 …

‏@OpenEurope

Brussels plans visa-free travel for Ukraine and Georgia from 2016: http://openeurope.org.uk/daily-shakeup/eu-considering-emergency-brake-for-eu-migration-to-the-uk/#section-7 …

‏@Schuldensuehner

Hryvnia weakens >2% as Russia's Medvedev says Moscow will seek #Ukraine's default if country not fulfill obligations 

‏@thespainreport

Mr. @pablocasado_ was doing some rural campaigning, a key constituency for the Popular Party. 

The Spain Report @thespainreport

Animal rights party PACMA not happy after PP spokesman tweets photo of himself enjoying traditional pig slaughter. 

‏@YanniKouts

#Russia PM Medvedev says Russian govt has decided not to respond in military manner versus #Turkey.

‏@OpenEurope 2

Sarkozy: Voting Front National is not anti-republican: http://openeurope.org.uk/daily-shakeup/eu-considering-emergency-brake-for-eu-migration-to-the-uk/#section-2 …

‏@Schuldensuehner

#ECB's Nowotny says ECB can’t be & won’t be driven by markets. The ECB has its own responsibility, its own agenda. 

‏@moved_average

Unreal... #IMF "lifted the ban on lending to nations with past-due sovereign debts" 

‏@Schuldensuehner

Below Zero: Life with negative rates has become new normal in #Denmark http://on.wsj.com/1lNkWJF  

‏@moved_average

#Russia | *ULYUKAYEV: RUSSIAN INDUSTRIAL DROP IN 2015 TO BE 3.3% Y/Y 

‏@ekathimerini

Tension grows over IMF's role in Greek program http://www.ekathimerini.com/204169  #Greece

‏@NickMalkoutzis

If you've been pining for those heady summer days, the Greek gov't & #Schaeuble have started a new squabble http://www.ekathimerini.com/204169  #Greece

‏@Schuldensuehner

More miserable trade data. #Germany's exports plunge 1.2% in Oct m/m vs -0.6% expected, Imports down 3.4%; est -1%. 

‏@Schuldensuehner

Merkel’s CDU/CSU loses popularity as AfD gains. Now at 38% support vs 39% last week, Anti immigrant AfD +2ppts at 8% http://www.stern.de/politik/deutschland/afd-legt-im-stern-rtl-wahltrend-deutlich-zu---besonders-stark-in-ostdeutschland-6594240.html …

‏@moved_average

#Germany | Q3 LABOUR COSTS Q/Q: 0.0% V 0.9% PRIOR; Y/Y: 2.4% V 3.1% PRIOR 

‏@moved_average

#Germany | OCT TRADE BALANCE: €22.5B V €21.7BE; Exports M/M: -1.2% v -0.6%e; Imports M/M: -3.4% v -1.0%e 

‏@Schuldensuehner

#Euro rises above $1.09 as global risk sentiment sours a bit. 

Asia.......

‏@SoberLook

Chart (DB): Australia's iron ore exports spike just as price collapses; similar story to crude oil - 

‏@zerohedge

DB: "a default cycle in commodity-related areas at this point is unavoidable,"

‏@fredwalton216

More than just dividend cut unwrapped in this piece... 

zerohedge @zerohedge

Freeport McMoRan, World's Second Largest Copper Miner, Suspends Dividend http://www.zerohedge.com/news/2015-12-09/freeport-mcmoran-worlds-second-largest-copper-miner-suspends-dividend …

Morning items.....

‏@moved_average

#Indonesia | *6.9 MAG. EARTHQUAKE SERAM INDONESIA :EMSC

‏@moved_average

#China #copper | *YUNNAN COPPER CANCELS BOND SALE ORIGINALLY SCHEDULED TODAY

‏@moved_average

#China | Offshore Yuan >6.50 ... 

‏@moved_average

#India #MuppetAlert | *GOLDMAN EXPECTS RBI TO HOLD RATES THROUGH 2016  ...you know what's coming

‏@moved_average

#China | PBoC set yuan mid point at 6.4140 v 6.4078 prior; lowest Yuan setting since Aug 2011 

‏@moved_average

#China | NOV PPI Y/Y: -5.9% V -6.0%E (45th consecutive month of decline) 

‏@moved_average

#Japan | Gov said to be considering allowing GPIF pension fund to invest directly in stocks in efforts to "reduce fees"

‏@moved_average

#SouthKorea | Nov Bank Lending to Households: KRW556.1T v KRW549.7T prior 

‏@moved_average

#SouthKorea | Govt think tank KDI lowers Korea 2015 GDP target to 2.6% from 3.0%

‏@moved_average

#Crude #Iran | *IRAN SETS JAN. HEAVY CRUDE PRICE TO ASIA AT $3.30/BBL DISCOUNT 

‏@moved_average

#Singapore | *SINGAPORE GDP SEEN RISING 2.2% IN 2016, MAS SURVEY SHOWS ...down from 2.8%

‏@Schuldensuehner

#China's Yuan extended losses against the Dollar. Depreciation raises concerns. 

‏@Schuldensuehner

#China's inflation stabilizes BUT producer prices extending declines to a record 45 months. http://bloom.bg/1YXs4BF  

‏@Schuldensuehner

Good morning from Berlin. Asia risk markets slip on stress across commodity complex. China CPI stronger than feared. 

Catharsis Ours

Wednesday, December 9, 2015

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