Monday, September 12, 2016

Economic News , Data & Views .... September 12 , 2016......Quick Hits For Monday - 1. Markets & Market Moving News : US Equities Rebound After Dovish Fed Speakers Turn Sentiment From Negative To Positive ; Europe And Asia Equities Fall Sharply Following Wall Street's Bad Day On Friday ; Bond Pummeling Continues Monday ; Weekly Calendar Of Key Events ; Additional Items Of Note . 2.Greece In Focus - Economic Items , Refugee Crisis & Creditor Talk. 3. Around The Horn - Europe In Focus . 4. Syria In Focus - US-RUS Cessation Of Hostilities Deal Rolled Out Today . 5. US Presidential Campaign Highlights. 6. Odds & Ends.



Markets & Market Moving News....





The market looks a lot different now than it did before the opening bell








Third of three Fed speakers today ( Brainard ) is very dovish. Stocks jump , bonds have a sign of relief.










Fed Gov Brainard outlines case against raising rates 'preemptively'










Fed's Kashkari ( not a voting member on FOMC this year ) , cool to idea of Fed rushing to hike Fed interest rates.








In just days, govies trading at negative yields shrink from $10 trillion to $8.3 tril, supras to $920bn, corps $355bn. via JP Morgan








A good calendar of key events for this week.












KASHKARI: STILL EXPECT MODERATE ECONOMIC GROWTH










LOCKHART: CONDITIONS WARRANT SERIOUS DISCUSSION OF SEPT HIKE







LOCKHART: SEES SLOWDOWN IN MO JOB GROWTH AS APPROACH FULL EMPL








LOCKHART: ECON EXPANDING AT MODERATE PACE FUELED BY CONS SPNDG










U.S. STOCK INDEX FUTURES PARE LOSSES SLIGHTLY AFTER ATLANTA FED'S LOCKHART'S COMMENTS









Stocks and bonds falling together...











Clusterfark Monday...











Italy is some ways , in worse shape than Greece - as per the chart.












Govt bond bubble about to pop? Bond mkts reacting to the prospect of less CenBank liquidity. Yields across Asia jump







Greece.....






Pessimism over the economy is up









September to be crucial for tourism revenues









ATHEX: Greek stock market bends under pressure








MNI: Greek Debt Relief Talks to be Delayed Until After German Elections








Unrest at reception center on Kos as young migrants burn mattresses









s . 3. 6 hours ago
Creditor representatives in Athens on 'technical mission,' EC spokeswoman says








Germany Rules Out Discussion on Greek WWII War Reparations






Greece about to flare into the headlines with its refugee crisis .










Around The Horn - Europe Sans Greece







France: Latest Ifop opinion polls for French Presidential Election.








Can kicked for debt relief -now not to be considered until after German Elections in Fall 2017.








Lagarde trial to start December 12th..











ECB SAYS IN NEW DRAFT GUIDELINES BANKS SHOULD SET 1- AND 3-YR TARGETS FOR REDUCING BAD LOANS








ECB SAYS NEW GUIDELINES IS NON-BINDING BUT BANKS MAY FACE SUPERVISORY MEASURES IF THEY DON'T COMPLY








ECB'S DONNERY SAYS FOR SOME BANKS IT WILL TAKE LONGER THAN THREE YEARS TO FIX PROBLEM








BREAKING: Austrian interior minister asks government to postpone presidential rerun vote, citing faulty absentee vote ballots.









Syria....








ceasefire is a test of loyalty among pro-government forces as much as anything else









Cease-fire has begun in war-torn Syria, but civilians and officials worry about violations









21 FSA, rebel and jihadi groups reject officially the cease-fire conditions and refuse to take a distance from












Meanwhile, the Syrian government has already given the truce two thumbs up.










US off'l:We expect a recommitment by all sides to affirm the full terms of the original Cessation of Hostilities beginning at 7pmSept.12 1/x








USO, cont'd: ..including commitments to cease attacks, including aerial bombardments, and refrain from seeking to acquire territory. 2/x









USO, cont'd: This recommitment will initially be for 48 hours, and provided it holds, US & Russia will discuss extensions, 3/x








US Politics.....









National General Election:
Trump 48% (+2) Clinton 46% UPI/CVoter Tracking Poll 9/2-8








National UPI/CVoter Tracking Poll: Trump 47% (Tie) Clinton 47% via






National UPI/CVOTER Poll: Trump 49 (+3) Clinton 46







Trump on Clinton's "basket of deplorables" comment: "She divides people into baskets as though they were objects," not humans.








The most crucial, least-discussed issue for Trump and Clinton











Hillary to Pence: If won’t say KKK is deplorable, you have no business running the country:











“Trump has denounced David Duke repeatedly, we don’t want his support & we don’t want the support of people who think like him," Pence said.











Obama's 9/11 veto puts Hillary in a tight spot:










Trump official says "deplorables" ad will run for approx $2 million on broadcast + cable this week in OH PA FL NC.








NY Post: Clinton team avoided ER to conceal details of her medical treatment











NBC poses a series of unanswered questions , brought to the table , after yesterday.









Apparently, pneumonia spreading among various staffers...











Additional medical records to be released - much needed transparency steps to address health concerns re : HRC

















Confirmed: Robby Mook says on that Clinton will release comprehensive medical records later this week.







Odds & Ends....







France, Germany, Italy, Spain, UK, & US condemn this weekend's attacks on Zueitina, Ras Lanuf, Es Sider, and Brega oil terminals in Libya.








Some reporting that PFG is launching a counter-offensive against LNA forces. Cannot confirm, but fighting in some parts continues.







No reaction from re oil terminals events yet. Italy apparently not happy with Haftar's move & urging united EU response.









to establish hospital, station 300 docs, nurses & soldiers in at GNA request









: seized oil terminal overnight and also claims control over port, airport & residential area












As the GNA has no Army and Militias are fighting among themselves in Tripoli , this is the best they could muster.










suspends 11,000 teachers teachers, wages, part of 'biggest campaign' against









President Obama still intends to veto JASTA...








NEW: Philippines Pres. Duterte: US special forces have to withdraw from southern island.










UN: 30 killed & 17 wounded, incl 1st responders & 2 children, as result of several airstrikes on a water well











Nuclear and chemical plants not affected by record earthquake









Hanjin Shipping Says 93 Vessels Stranded at 51 Ports





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