Monday, August 22, 2016

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 : Brent and WTI down 3% -- although both benchmarks safe above 50-, 100- and 200-day moving average levels

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

Morgan Stanley has thrown cold water on hopes of any OPEC freeze deal

Stocks finish lower as oil ends win streak

Frontrunning: August 22

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

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

Junk has been anything but junk since February...

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


: Turkey's foreign minister says country has withdrawn ambassador to Austria over growing diplomatic spat

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

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

BREAKING: launches artillery barrage on Northern
ISIS targeted near Jarablus, Kurds targeted near Manjib.

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

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


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

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

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

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

Odds & Ends....


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

Great read regarding Aleppo..

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

Berlin bolsters Swiss border as more refugees arrive

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

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

Polls Probe Voters On PSOE Abstention, Socialists Split

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