Thursday, December 8, 2016

Economic News , Data & Views...... December 8 , 2016 ..... Quick Hits For Thursday -1) Markets & Market Moving News : Asian Economic Outlook , Data And Key News For Friday - Updated As Released ; US Stocks March Higher , Bonds Get Crunched Again As Yields Are Pushed Higher ; Europe Sees Green , Despite ECB Not Green-Lighting More Bond Buying ; Additional Items Of Note. 2) Europe In Focus - Interesting Items To consider From Greece , UK , Germany , IMF Comments On Greece And Ukraine News De Jour. 3) US Politics Updates For Thursday. 4) Odds & Ends !



Markets....



Asia....




Economic data due from Asia today - China November inflation data



US & Europe....











US major stock indices closing at record levels




Major US stock indexes close at all-time highs for 2nd day in a row following decision to extend by at least 9mths.






Strange day for bonds: 10y US Treasury yield initially jump after ECB taper decision, than drop while presser, but rise again later in day.








Oil rises as traders get ready for OPEC's meeting with other producers this weekend








U.S. crude futures settle at $50.84/bbl.⬆$1.07. +2.15%. _F7 volume: ~670k






ONLY FIVE OF 14 NON-OPEC OIL PRODUCERS SO FAR TO ATTEND SATURDAY MEETING AIMED AT WIDENING OUTPUT CUT - SOURCES. RTRS.





RUSSIA SEES RISK THAT NON-OPEC MEETING ON DEC 10 COULD BE MOVED DUE TO QUESTIONS THAT HAVE ARISEN - TASS. RTRS.





TASS now reports Opec-non-Opec meeting WILL happen on 10/Dec








Europe Blowing off like US Stocks...









Draghi’s anti-taper keeps stimulus live to tackle 2017 political risks.








So there was a split BUNDESBANK CHIEF WEIDMANN DID NOT AGREE WITH THURSDAY'S ECB DECISION ON EXTENDING BOND PURCHASES: GERMAN NEWSPAPER FAZ







banks like ECB decision. EuroStoxx Banks jump on Draghi








's Draghi says there Is No Question About Tapering. Tapering has not been discussed today.








German yield curve steepens as ECB has removed deposit rate floor for bond buys and maturity range be broadened from 2 to 1y eligible papers






Europe.....




Latest German election poll Merkel party CDU/CSU 35, SPD 22, right-wing AfD 13 (via )







Hmm , does the man sporting the garlic fear vampires reside in Parliament?







's says the country more than met its revenue targets in 2016 so govt can now afford those benefits for pensioners-islands






's says VAT rise will not be imposed on islands that suffer most from and for as long as crisis is on






GREEK PM TSIPRAS SAYS WILL SPEND 617 MLN EUROS IN WELFARE BENEFIT TO LOW INCOME PENSIONERS AFTER EXCEEDING 2016 BUDGET SURPLUS TARGET





Extradition rejected for 2 Turkish officers..





IMF:we have no deadline for the completion of the second review, we need to get to a credible package, no date for return of mission






IMF:we do not ask for additional austerity if GR-EU agree on higher targets for limited period we can support w structural reforms-policies






ThyssenKrupp secrets stolen in 'massive' cyber attack







FOREIGN MINISTER STEINMEIER SAYS HEADED TO FOR MEETING ON ON SATURDAY





McDonald's moves non-US tax headquarters to Britain from Luxembourg






Strikes, anti-austerity rallies held across Greece







λολ ρε γατάκια







 
Standoff continues..







Some German politicians threaten to pull Germany from Greece Baiout number 3 , unless the IMP participates.







Call for general strike in Greece against labour market reform. Protests in with 2-3k people. Shops mainly open.
 






Almost there. Visa suspension mechanism dispute over. Now the final stretch towards visa free travel for Ukraine and Georgia.







Ex-Ukrainian MP handed US authorities proof of corruption/crimes by president of Ukraine. Now US has a bigger lever against Poroshenko...







US Politics.......





While concerns about Russian hacking were valid , what exactly was DHS trying to do with Georgia's Election Database ?





Yikes !







Andy Puzder to be named Labor Secretary...







Seems as if we went almost immediately from election straight into the Trump Presidency , Obama off stage basically.








Trump should rethink this position. He should put his businesses in a blind trust for many reasons.







Odds & Ends.....






: Airstrikes today at Jufra were VERY accurate. Not Libyan. Bombing hit Benghazi Shura (BRSC)/Ghariani fighters - not Misrata fighters





: BRSC/Ghariani fighters fleeing from Bin Jawad & Jufra are trying to get Misrata (still at Sirte) to help them-but it's very tense...






Ageilah Saleh condemns attack on oil facilities.








After the operation to attack the Oil Crescent , aircraft target forces near al -Jufrah AB.






Very serious subject matter and not meant to belittle legit concerns , but the potential for an SNL skit resonates.






E Aleppo fighting forces territory continues its daily erosion..







BREAKING: Islamic State launches attack to recapture Palmyra from regime. "City in panic, families evacuating," source tells us today.








JUST IN: Tsunami watch issued for Hawaii following 8.0-magnitude earthquake in Solomon Islands.

 







A Gulenist in every pot , I guess...






. the battle began as a multi-axis breaching operation, and each unit of terrain takes time to clear.





. plan later simplified: push more units through the breaches already made, hence shuffle of 9/15/16 div fragments to E Mosul






Boris speaks his mind on sectarianism in the middle east , appropriate criticism of the Saudis given.









Russia & US seem to still be discussing Aleppo , no deal reached yet. Russia wants all combatants to leave Aleppo.






Japan becomes huge hacking target..







Saudi authorities banned journalist Jamal Khashoggi from writing in newspapers, appearing on TV and attending conferences.













Around 1,500 European jihadists return from Mideast: report