Market Moving News... Doug Noland's Credit Bubble Bulletin A Must Read !
Credit Bubble Bulletin: Weekly Commentary: Updating Government Finance Qu... http://creditbubblebulletin.blogspot.com/2016/08/weekly-commentary-updating-government.html?spref=tw …
Fear index at lowest level in 2yrs as strong US jobs report & easy mon pol sedate investors. https://www.ft.com/content/cc20a9f4-5b45-11e6-8d05-4eaa66292c32 …
Note - chances of any Fed Hikes in Sept or November 2016 still only 26 % -less than a 50 % chance until March 2017.
July Nonfarm Payrolls +255k
Unemployment rate 4.9% (last 4.9%) Avg Hourly Earnings 0.3% (last 0.1%) Average Weekly Hours 34.5 (last 34.4) Participation 62.8 (last 62.7)
EU states average GDP growth, 2004-2014 Germany: 1.3% France: 1% UK: 1.3% Italy: -0.2% Spain: 0.9% Poland: 4% Netherlands: 1.1% Greece: -1%
Italy In Focus....
Italy has underperformed in past week. While global stocks ended wk almost flat, Italian lost €5bn in total mkt cap.
DBRS has placed #Italy's A (low) rating under review w/ neg implications outside of the regular pre-announced calendar on heightened risks.
DBRS on #Italy: Combination of political uncertainty surrounding forthcoming referendum & pressure on Italian banks pose risks to rating.
Sultan's theme music.....
Erdogan does not really know who exactly planned the coup. Until he finds out, he will be paranoid.
This the reason why he asks people to camp in the streets for several weeks already. A message to the army that "we are stronger."
As Turkey's coup strains ties with West, detente with Russia gathers pace http://reut.rs/2aQ09lW
Following Turkey’s failed coup, we cover the continuing crackdown on the media http://aje.io/7zgv
Turkey's free press helped Erdogan defeat the coup. Now with arrests he's undermining it. http://bit.ly/2aAG0zi
US Embassy in #Turkey debunks a fake photo of Ambassador Bass and coup plotter day before failed coup.
Facts About The Fabricated Photo Claimed To Be Of Ambassador Bass.
EU Jean Monnet scholarship program this year cancelled for Turkey
How President Erdogan hopes to erase Ataturk’s Turkey http://bit.ly/2aYhnQA
Turkey will pay compensation to coup victims and their families
Gulen's lawyers fear Turkey will try to assassinate him http://politi.co/2aoud9U | AP Photo
LATEST — Moody's skips Turkey's credit rating review in first assessment after July 15 coup attempt, keeps rate unchanged
Turkey lacks proof for Gulen extradition: lawyer http://f24.my/2aX7QZS
John Kerry set to visit Turkey with loaded agenda on Aug 24 http://bit.ly/2aLkXLj
There are now 76 journalists are jailed in Turkey. Here is the list of journalists and which jails they are held: http://tutuklugazeteciler.blogspot.de/2016/07/tutuklu-ve-hukumlu-gazetecilerin.html …
Closing EU door to Turkey 'serious mistake': Juncker http://bit.ly/2aN9BXh
Odds & Ends.....
2 cops in Belgium injured in machete attack; assailant reportedly shouted 'Allahu Akbar' http://fxn.ws/2auoPhl
Belgian PM says Charleroi attack appears to be terrorist incident http://reut.rs/2aX8ZiY
Whoa , red flag this item regarding Bitfinex !
Bitfinex Alerts Users of Phishing Emails https://www.cryptocoinsnews.com/bitfinex-alerts-users-of-phishing-emails/ …
BitGo Claims Its Software Not at Fault during Bitfinex Hack https://www.cryptocoinsnews.com/bitgo-claims-software-not-fault-bitfinex-hack/ …
FT Alphaville: Day three post Bitfinex hack: Bitcoin bailouts, liabilities and hard forks http://on.ft.com/2aJzAxe
Islamic State 'almost completely' ousted from Syria's Manbij city: Observatory http://reut.rs/2aCvzPT
Massive reinforcements arrive to drive back jihadists from southwest Aleppo https://goo.gl/rcjsZV
BREAKING: At least 500 fighters dead in one week in Syria's Aleppo: monitor - AFP
Kerry presses on with Russian talks on Syria despite Aleppo setbacks http://reut.rs/2aC9pgJ
#Libya Following Sebha announcement morgue full, same situation reported Benghazi
Ageila Saleh: GNA & Kobler have failed.. Arab league is weak, acquiesces to foreign pressure http://alwasat.ly/ar/news/libya/113832/ …
Sirte news gagged inside #Libya. 1st day of US strikes: Major casualties for Misrata, Sarraj came for talks - and local news updates ceased.
Major Western media such as @FRANCE24 are showing very old video and no new info when running stories on new US bombing campaign in #Libya.
.@USAfricaCommand reports 9 air strikes so far on Daesh (ISIS) targets in Sirte, Libya. Posted targets struck: