Two stories of note in the region include the phenomenal implied valuation of Xiaomi. Personally I would see much greater relative value in Lenovo as observed in this extract from today's Financial Times:
Also I note that China are continuing to use the oil price volatility to enlarge their Middle East interests in this observation from Reuters which makes perfect sense:
'China will speed up free trade talks with six countries on the Arabian peninsula and begin trade negotiations with Israel next year, state media said on Tuesday, as Beijing accelerates efforts to sign such agreements'.
A few general charts to finish off. The 'Buffett Indicator' looks full although not maxed out versus recent history:
Greek equities took a further tumble yesterday and as per this chart have hit an important retracement level:
Meanwhile at least the Eurozone's newest member (from Thursday) are happy with their decision - they are even paying to join!
Finally Russian economic data unsurprisingly remains very mixed as this latest output from Markit notes.
A few further statistics from this release:
Composite Output Index falls to seven-month low of 47.2
Services business expectations slump to record low
Output price inflation hits series record high
Clearly going to be a difficult couple of years for the Russian economy.