Tuesday, September 13, 2016

Economic News , Data & Views..... September 13 , 2016.... Quick Hits - 1. Markets - US Market Turmoil Resurfaces After Taking Monday Off - Europe & Asia Market Items. Relevant News Touching On The So Called "Free Markets" 2. Libya In Focus - LNA Consolidates Its Control Of Oil UK , E Crescent - Pledges To Turn Ports Over To NOC , West And GNA Stew Out Loud. 3. Around The Horn In Europe - Greece , Italy , Germany , EU Bratislava Summit Loom's & More Items Of Note . 4. US Presidential Campaign Updates. 5. Odds & Ends.



Markets & Market Moving News....








Last 3 days: 10th time since 1990 that we've seen 3 consecutive 13% moves (up or down) in the Volatility Index.









Like last Friday, another day of panic selling w/ declining volume at 95% of total volume.









U.S. stocks end sharply lower amid energy-sector slump, Fed uncertainty





History shows that it still pays to own bonds during periods of “double trouble”








US REDBOOK: SEP 2016 STORE SALES +0.6% VS YR AGO MO








US REDBOOK: STORE SALES +0.4% WEEK ENDED SEP 10 VS YR AGO WK







Morning Note: 1. Brainard takes down the hawks. 2. China data strengthens. 3. IEA sees oversupply persisting










Good morning from Berlin. Asia mixed as Fed Brainard's dovish remarks bring only short term relief to risk assets.








Libya .....







Ageila Saleh: Natl Oil Corp to fulfill all contracts and obligations agreed upon w/ local & foreign companies







Oh sure , that sounds like a plan. UN stalling for time. Call for "dialogue" after faux threats yesterday..








NOC chairman Sanalla flatly contradicts comments today by UN envoy that oil crescent developments will hinder oil exports






Internationally-recognized NOC praises Jadran's ouster from oil crescent, says production to increase rapidly
















BREAKING :Head of UN-backed govt rules out military action to oppose capture of oil ports by Tobruk govt.









Libyan rebel general's forces claim control of 'entire' oil region after seizing fourth port









Agilah Saleh: Recently unified NOC will oversee operations at the oil terminals recently captured by LNA








Mousa al-Koni: hasn't received any aid to combat illegal immigration despite promises









Western powers condemn Hiftar's move on oil ports, UN expresses concern. But all pointedly warn of UNSC res 2259 on illicit oil sales









Re UN Security Council meeting on Libya today. Perm members US France UK condemned oil ports capture. No statements yet China,Russia.










International community deplores militia attacks on Libya's oil terminals









Daesh are becoming active again outside the town and have started attacking on the road between Sirte and Misrata.










FYI: Unlike previous attacks, the oil terminals were NOT damaged this time. The attack was against Jadran.












US Libya envoy calls on Tobruk-based govt forces to move out of oil ports captured in past two days.









Around The Horn - Europe.....








Bersani slams US interference in the internal political affairs of Italy.










JUNCKER TO WARN EU FACES BATTLE FOR SURVIVAL: TELEGRAPH. only more debt, er fiscal stimulus, can fix it









Tusk offers a very sober warning to EU leaders to wake up and smell the coffee...










Political "war" looming if Schulz attempts to ignore honoring a pledge he signed. Does he have greater ambitions ?










Scottish independence poll: Yes: 41% No: 47% (via TNS / 10 Aug - 04 Sep)









Poland seeks reform of EU. Bratislava Summit set to be testy , based on issues on the table.









London teenager charged with preparing terrorism attacks









Fitch sees risks to rating from Renzi referendum. Any pol or banking turmoil could lead to neg action. (BBG)









Germany arrests Syrian IS group suspects with ‘links’ to Paris attackers








SHARE OF EURO ZONE SOVEREIGN DEBT WITH NEGATIVE YIELDS FALLS BELOW 50 PERCENT - TRADEWEB







SHARE OF EURO ZONE SOVEREIGN DEBT INELIGIBLE FOR ECB BOND-BUYING BECAUSE YIELDS LESS THAN DEPOSIT RATE IS NOW 28 PCT - TRADEWEB






SHARE OF EURO-DENOMINATED INVESTMENT-GRADE CORPORATE BONDS WITH NEGATIVE YIELDS RISES TO AROUND 27 PERCENT - TRADEWEB






Mr. Asselborn urged Hungary’s EU expulsion , because “exclusion is the only way to retain the unity of the EU.”










UPDATE: The has taken a transfer & has 392 on board. They're headed for on Italy's heel.










Refugees in Greece total more than 60,000 - Greece has become the holding pen for Europe.











Tue discussion of Fin&Econ Mins w institutions incl implementation of prior actions, preparation of 2nd review...







EU to slash funds to Eastern Europe to step up migration budget








Migrants rescued off Samos by Greek coast guard








Italy has the greatest amount of NPL , but German Bank NPLs rising.











Debt Rattle September 13 2016 | Germany Kills The EU With Its Trade Surplus








Italy's record Target2 liabilities show that resources generated by QE not used to improve Italy but leaving country








Very political commentary from Draghi *DRAGHI: EU ACTION ON MIGRATION, SECURITY, DEFENCE IS ESSENTIAL









US Presidential Campaign....







Trotting out Brexit style scare tactics....








The DNC is bracing itself for the release of more documents






Caught editing out a key segment. ..








Of course by lending credence to the wacky Trump or Putin poisoned Clinton lunacy , WaPo undercuts pneumonia claim..










The guy who used BleachBit on Hillary's emails & lied to FBI pleaded the Fifth in House hearing today.






Bryan Pagliano, former Clinton staffer who helped setup private email server, fails to appear at House Oversight hearing, despite subpoena.










Committee Chairman Rep. Chaffetz says there will be consequences for Pagliano's refusal to appear and for "thumbing his nose at Congress."








The pov of view of Sunday 9/11 incident from a former secret service agent, who previously served Hillary. Fwiw










 




Hillary Clinton "is feeling better and still plans to remain at home today," campaign spokesman says in update on Clinton's health.









Hillary returning to campaign trail ( first appearance since 9/11 ) , with this event on Friday.













And this is why more transparency is necessary...











JUST IN: Trump pulls closer to Clinton nationally, new poll shows










More concerned with secrecy than perhaps getting prompt & appropriate treatment....












Odds & Ends....










Realistically , this is probably as good as you could expect...






















Turkey submits formal extradition request to the US regarding Gulen.










Hanjin Shipping key points : 1) 93 stranded ships ; 2) impacting 51 ports in 26 countries ; 3) and 120 BN in cargo.












War on cash continues...










Whoa !!!!











This was a loony tweet, and it calls into question the judgment of the UN’s top human rights office” - Hillel Neuer.



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