Friday, July 22, 2016

Economic News , Data & Views ... June 22 , 2016... Quick Hits - 1. Markets & Market Moving News For Friday : US Manufacturing PMI Data ; EZ PMI - Manufacturing & Composite Data Sets , German PMI Data Sets , Italian Industrial Orders & Sales Data , France PMI- Composite & Services Data Sets , UK - PMI Services / Manufactured Input Prices. 2. German Terror Attack In Munich. 3. Turkey Items For Today. 4. UK - Brexit , UK Politics. 5. Greece - Items De Jour. 5. Refugee Crisis Items For Friday. 5. Odds & Ends.




Markets & Market Moving News....





JULY PRELIMINARY MARKIT PMI: 52.9 V 51.5E (highest since Oct. 2015) - Employment 53.4 v 52.3 m/m (12-month high)






German Markit/BME Manufacturing PMI Jul P: 53.7 (est 53.5; prev 54.5)





German Markit/BME Services PMI Jul P: 54.6 (est 53.2; prev 53.7)






Eurozone Markit Manufacturing PMI Jul P: 51.9 (est 52.0; prev 52.8)





Eurozone Markit Composite PMI Jul P: 52.9 (est 52.6; prev 53.1)






Italian Industrial Sales (MoM) May: -1.10% (prev 2.10%) -Industrial Sales WDA (YoY) May: -2.70% (prev 0.10%)






Italian Industrial Orders (MoM) May: -2.80% (rev prev 0.90%) -Industrial Orders NSA (YoY) May: -4.20% (prev -11.30%)








Flash Eurozone Services PMI At 18-Month Low Of 52.7 – Markit






PMI at 50.0 in July. Scant evidence of impact tho optimism at 7-month low







July UK pointing to 0.4% quarterly rate of GDP contraction







UK services showed biggest points fall ever in July. Takes it down to lowest since January 2009








showed UK best rise in manufactured exports for 2 years, but input costs also saw biggest rise for 5 years








Good morning from Berlin. Asia stock markets drop as Bank of rejecting need for helicopter money stimulus.








German Attack - Seems Terror Linked...






Merkel's chief of staff has said that "no one wants to live in a surveillance state" which would be needed to guarantee full public security








BREAKING: Munich police believe gunman likely acted alone











BREAKING: Ten dead in Munich shooting










 

41 minutes ago
UPDATE: New numbers detail at least 9 dead in







Fox News witness heard McDonalds shooter shout "Allahu Akbar". She knows because she is a Muslim from Kosova.





Czech Police have shut the border with Bavaria; the whole transport system in Munich has been shut down; this is unprecedented in Germany







GERMAN POLICE SAY 3 SHOOTERS WITH LONG GUNS AT LARGE: BBG







GERMAN MAGAZINE FOCUS CITES POLICE SOURCES AS SAYING THAT PERPETRATOR SHOT HIMSELF IN THE HEAD: RTRS





BAVARIAN BROADCASTER BR SAYS GERMAN STATE OF BADEN-WUERTTEMBERG BOOSTS POLICE PRESENCE ON STREETS THERE







BAVARIAN BROADCASTER BR SAYS POLICE ASKING PEOPLE TO LEAVE HIGHWAYS NEAR MUNICH









BAVARIAN BROADCASTER BR SAYS NUMEROUS HIGHWAYS IN NORTH OF MUNICH HAVE BEEN SEALED OFF: RTRS








Turkey Items For Today....





CSU 's leader Seehofer calls for immediate halt to Turkey accession talks , as Turkey no longer a democratic state.








BREAKING: Total number of Turkish government personnel suspended or sacked following coup attempt has reached 70,000








S&P SAYS TURKISH BANKS' WHOLESALE FUNDING MAY BE IMPACTED And now he's angry







so Erdogan used the Gulenists in witchhunt against the secularists, now going after the Gulenists




Important item - TUR claims Gulen behind coup attempt dismissed by Clapper , no evidence produced so far by TUR.









198 sacked from Turk Telekom, 560 from Sci Tech Ministry. Total number of sacked/suspended in post-coup crackdown rises to 69,532.







At least 10,410 were detained in connection to the coup attempt including members of military, judiciary, media and bureaucracy.







Turkey decides to shut down 1,669 schools, revokes licenses of 27,158 teachers in the post-coup crackdown.







Food for thoughts..







Trustees appointed to allegedly Gülen-affiliated education institutions








Events amount to a "total seizure of power" exemplified in 1933 when democracy was eliminated by NazIs under Hitler.













History of Fethullah and the collapse of his alliance with .









UK - Brexit , UK Politics....






The UK's gloomy economy after the Brexit may be temporary. —









WhatsApp Message Shows Conor McGinn Whipped Labour MPs to "Keep Up the Pressure on JC"







UK Taxpayers’ £245 Million Loan to Corruption-Hit Brazilian Oil Firm








This is interesting - and more support, for reasons I share, for the EEA option as the best Brexit choice.


















Greece....






travel receipts drop at an accelerating pace of 10.4 pct in May despite growth in arrivals







Eight Turkish military staff transferred to Athens for processing of asylum claims. Process likely to take two weeks









2 boats w/ 100 refugees arrived in Lesvos. Total 450 people in a week. ' authorities: 's patrols relaxed after








EU refers Greece to court over failure to recover shipyards state aid







Refugee Crisis...





Without proof of a security threat, Kenya threatens to expel 326K refugees to unsafe Somalia







Refugees are often lumped together with migrants. But they are different. -








Jordan's hospitality towards Syrian refugees appears to have reached its limit







242,179 migrants have arrived in Europe by sea during 2016 2,977 migrants dead/missing











The 6 wealthiest countries host only 6% of the world's refugees








Odds & Ends....






Protests outside naval base that was HQ of UN-backed government







Protest in Tripoli against French intervention










Found in area controlled by Hiftar's forces. UN envoy says the killings constitute a "war crime"







So France, possibly US & others blatantly violating UNSCR 2259 that specifies unity govt as only legit authority?









An important missive on the situation involving Italian Banks and Renzi's political minefield.









Are Italian banks a global systemic risk?









These Sicilian Mortgages Show How Difficult It Is to Rescue Italian Banks via > avg 7.8 yrs in BK court






"We are screwed, it’s a series now. It’s the third attack. Le Pen is going to win”










ISIS fighters dressed up as women. It didn't turn out well










UK admits claim it found 'no evidence' of war crimes by Saudi Arabia in Yemen was inaccurate












US-backed SDF forces give IS 48 hours to leave Syria