Catharsis Ours: Economic News , Data & Views .... August 22 , 2016..... Quick Hits -1. Markets : Oil Has An Off Day , WTI & Brent Both Off 3% ; US , Europe & Asia Markets For Monday ; Items Of Interest From Bond Land. 2 Turkey Items De Jour. 3. Libya Hour Of Representatives Votes No In Important Confidence Vote For GNA. 4. Odds & Ends.

Markets & Market Moving Events...

Bad day for crude #oil: Brent and WTI down 3% -- although both benchmarks safe above 50-, 100- and 200-day moving average levels #OOTT

‏@fredwalton216

WTI & Brent have an off day , remains to be seen if a new trend has been set.

Javier Blas @JavierBlas2

A bit too early to say, but today's big retreat for WTI-Brent #oil does suggest #shale price band is in place #OOTT 

‏@MarketWatch

Morgan Stanley has thrown cold water on hopes of any OPEC freeze deal http://on.mktw.net/2bq1YHs

‏@MarketWatch

Stocks finish lower as oil ends win streak http://on.mktw.net/2bgFd6V 

‏@zerohedge

Frontrunning: August 22

‏@fredwalton216

Merkel dashes cold water on Renzi's hopes...

Holger Zschaepitz @Schuldensuehner

Germany's Merkel tells Renzi he can’t bend Euro rules to boost growth. http://bloom.bg/2bZtvBT  

‏@fredwalton216

Bank of Italy set to be on the hook for Italy debt in a big way...

Holger Zschaepitz @Schuldensuehner

The Bank of #Italy could own €400bn of Italian government bonds by the end of 2017. (via HSBC) 

‏@fredwalton216

Junk has been anything but junk since February...

Charlie Bilello, CMT @MktOutperform

US High Yield Credit spreads have tightened 368 bps since their February wides, at a new 1-year low. $HYG $JNK 

‏@MktOutperform

S&P 500: with 96% of companies reported, as reported earnings up 2% YoY, first positive quarter since Q3 2014. $SPX

Turkey.....

‏@AlArabiya_Eng

#BREAKING: Turkey's foreign minister says country has withdrawn ambassador to Austria over growing diplomatic spat

‏@MahirZeynalov

The number of journalists under custody in Turkey is now 94. 16 of them are under detention and the rest are arrested.

‏@MahirZeynalov

Turkish court rules to arrest Ozgur Gundem's two top editors, Zana Kaya and Inan Kizilkaya.

‏@SputnikInt

BREAKING: #Turkey launches artillery barrage on Northern #Syria http://sptnkne.ws/bYmg 

ISIS targeted near Jarablus, Kurds targeted near Manjib.

‏@fredwalton216

Child being the suicide  bomber at the weekend terror event may be inaccurate.

ilhan tanir @WashingtonPoint

Turkish PM Yildirim just walked back on suspect of suicide bomber being a kid, said being investigated, initial reports may be inaccurate.

‏@aaronstein1

The link between the Gaziantep bombing and Turkey’s well established ISIS cell

Libya.....

‏@Eljarh

Acc. to Constitutional Declaration if a PM fails vote of confidence twice, a new PM is appointed to present new Gov. #Libya #PT

‏@Eljarh

This might be it for the Prez Council - Constitutional/Legal Affairs committee is now consulting LPA/Constitutional declaration. #Libya

‏@wheelertweets

Foreign officials who appointed #Libya GNA Presidential Council finally get parliament (HoR) vote they've clamored for - and it rejects GNA

‏@fredwalton216

While considering ramifications of important HoR vote (confidence vote regarding GNA) , let's not forget Tripoli.

libyaherald @libyaherald

Intelligence chief claims plot to kill Serraj was foiled - https://www.libyaherald.com/2016/08/21/intelligence-chief-claims-plot-to-kill-serraj-was-foiled/ … 

Odds & Ends....

‏@L0gg0l

IRAN TO CONTINUE PROVIDING RUSSIA WITH MILITARY INFRASTRUCTURE TO COMBAT TERRORISTS IN SYRIA, NOT ONLY HAMADAN BASE - SOURCE -- IFX

‏@fredwalton216

Juncker goes rogue once again , slams concept of secure borders. EU leaders must be apoplectic.

Dave Bowman @DaveBowman4564

Arch-idiot Jean-Claude Juncker deepens rift with EU leaders after border comments http://www.standard.co.uk/news/politics/jeanclaude-juncker-deepens-rift-with-eu-leaders-after-border-comments-a3326326.html …

‏@fredwalton216

Great read regarding  Aleppo..

Elijah J. Magnier @EjmAlrai

Aleppo prepares for a major battle and the Kurds in Syria are attracting… https://elijahjm.wordpress.com/2016/08/22/aleppo-prepares-for-a-major-battle-and-the-kurds-in-syria-are-attracting-everybodys-animosity … …
http://alrai.li/fp39x7n  @AlraiMediaGroup

‏@fredwalton216

"The truth is, she was using [the private email server] for a year before I sent her a memo telling her what I did"

People Magazine @people

Colin Powell says Hillary Clinton's 'people have been trying to pin' email scandal on him http://peoplem.ag/mSR2Kxn  

‏@TheLocalGermany

Berlin bolsters Swiss border as more refugees arrive http://bit.ly/2bb8d2F 

‏@fredwalton216

China's ChemChina's takeover of Syngenta clears US national security panel review.

Reuters Top News @Reuters

U.S. clearance for ChemChina deal sends Syngenta stock soaring http://reut.rs/2bf6lTM 

‏@fredwalton216

Greece continues to labor under hammer of both ongoing & potential additional austerity-no surprise low confidence.

0:50

DW - Business @dw_business

Loads of businesses in #Greece are still struggling from the crisis. 

‏@fredwalton216

Polls Probe Voters On PSOE Abstention, Socialists Split

The Spain Report @thespainreport

Still having some problems with the site this morning. Our apologies. Here's text of latest article:
https://www.facebook.com/TheSpainReport/posts/957583727719485 …

‏@fredwalton216

"The population will be obliged to hold an individual supply of food for ten days," - as per newspaper Tagesschau.

zerohedge @zerohedge

German Government Urges Citizens To Stockpile Food, Water For First Time Since Cold War Ended http://www.zerohedge.com/news/2016-08-21/german-government-urges-citizens-stockpile-food-water-first-time-cold-war-ended …

Catharsis Ours

Monday, August 22, 2016

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