Monday, November 21, 2016

Economic News , Data & Views...... November 21 , 2016.....Quick hits For Monday - 1) Markets & Market Moving News : Asia Economic News , Markets Updates ; US Stocks Indexes Hit New Record Highs - Dow / NASDAQ & S&P ; Oil Has Strong Day As Production Freeze Meme Trotted Out Again ; Gold Up Today ; Bond Selloff Continues. 2) Japan Earthquake Near Fukushima - No Damage Reported. 3) Around The Horn for Europe - News & Data From Greece , UK , EU , France , Germany. 4) US Political Updates - Transition Related Items , Overall Political News & Views. 5) Odds & Ends - Iraq , Turkey , India , Libya , South Korea & Additional Items Of Note.


Markets....




Tuesday......




Economic data due from Asia today (RBA speaker)





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BOJ official says JGB operation was successful







Data catch up - NZ migration, Japan wages





Bank of Japan's Kuroda: Japanese economy is in a gradual recovery trend





Australia data - weekly consumer sentiment 115.5 (prior 118.2)








Monday.....



Stocks close at record levels






ForexLive Americas FX news wrap: Cable rips above 1.25






DOW JONES UNOFFICIALLY CLOSES UP 86.88 POINTS, OR 0.46 PERCENT, AT 18,954.81




DJ DOW, S&P 500, NASDAQ COMPOSITE EACH CLOSE AT NEW HIGHS





NASDAQ UNOFFICIALLY CLOSES UP 47.67 POINTS, OR 0.90 PERCENT, AT 5,369.18






S&P: All-time High
Dow: All-time High Nasdaq: All-time High Russell 2000: All-time High MidCap 400: All-time High






This brings back memories from financial crisis years..






oil climbs higher in Asian session as prospect of tsunami crippling Japan's oil demand lifts sentiment of stronger oil demand






U.S. crude futures settle at $47.49/bbl.⬆$1.80. +3.94%. _Z6






| OPEC Delegate Mohamed Oun: no decision yet on production cut targets for individual countries. WSJ.





| experts making "some progress" in technical meeting in Vienna. talks continuing. reuters.















Largest bond ETF with over $41 billion in assets fell 2.6% over past 2 weeks. Only Sep '08 saw larger decline.






Japan Earthquake....







MORE: No damage has occurred to reactors following







Japan M7.3 earthquake - Tsunami alert issued for coasts within 300km of epicentre







Japan earthquake - No abnormality found at Onagawa nuclear power plant




Japan earthquake update - tsunami advisory still in effect - multiple aftershocks










TEPCo says cooling system for storage pool for spent nuclear fuel at Daiichi plant halted




Japan chief cabinet secretary Suga: No radiation release from cooling system halt




TEPCO says cooling system has restarted




Japan earthquake intensity revised: M7.4, depth 25 km.



Around The Horn - Europe.....






Italy's December 4 referendum vote to reduce the Senate will make or break Prime Minister Matteo Renzi's government:









Italy cracking ahead of big







Talks btw Greek govt + institutions interrupted 4 few hours as the latter r preparing new agreement which will b handed to Gr later tonite








Bulk of privatization revenues postponed until 2017














Athens transport strikes come with hefty price tags







Minister scolds island mayors over migrant camps







EU to retaliate against US bank capital rules: FT






Brexit item of note. May confirms no extension of Brexit process.







After meetings of Fin, Econ, Energy & Justice mins w mission chiefs substantial convergence achieved on financial & judicial issues.







Last technical details to be clarified in next days, according to Finance Ministry sources.






Labour Min Efi Achtsioglou met with employers' representatives, who reaffirmed their joint statement of Jul 19 re labour reforms.







 
Greece sees primary surplus at 1.09% of GDP in 2016 and at 2% in 2017, slightly above MoU targets (2017 budget).







MoF sees gg debt at €315.4 bln (180.3% of GDP) in 2016 and at €319.2 bln (176.5%) in 2017 (2017 budget)






gov't expects privatisation revenues of 2.59 bln in 2017, according to 2017 budget.






gov't retains its macro assumptions unch expecting recession of 0.3% in 2016 and GDP rebound of 2.7% in 2017, acc to 2017 budget.







Morning news splash !







's 10y yields drop, outperform other Eurozone markets, as Thatcherite reformist Fillon front runner in France's 2017 pres election.






This chart by Citi shows that Merkel has a very good chance to win. Only combination w/o CDU that could come close is a left-wing alliance.




US Political Updates ....






The TV execs & anchors went in there thinking they would be discussing access they would get to Trump Administration ......









TRUMP SAYS HE WILL ISSUE EXECUTIVE ACTION ON FIRST DAY IN OFFICE WITHDRAWING U.S. FROM TRANS-PACIFIC PARTNERSHIP - RTRS








TRUMP SAYS WILL ISSUE A RULE THAT FOR EVERY NEW REGULATION, TWO REGULATIONS MUST BE ELIMINATED -VIDEO









TRUMP SAYS HE WILL DIRECT LABOR DEPARTMENT TO INVESTIGATE ABUSES OF VISA PROGRAMS







Tulsi Gabbard: Trump should avoid 'the drumbeats of war that neocons have been beating' via



"The men have not spoken today," Trump strategist Kellyanne Conway tells pool reporters at Trump Tower when asked about Mitt Romney & Trump.






Kris Kobach should learn to use folders and cover sheets.








We have to see how things play out -but politics often makes for strange bedfellows.









Complaints , including those of of bias , skyrocket !









Oklahoma gov reports being considered for Trump's Interior Secretary







Search for secretary of State appears to narrow








Odds & Ends....






IRS tax-evasion probe-seeks to identify all US Coinbase users who “conducted transactions in a convertible virtual currency”-2013 to 2015.









The subpoena: a likely victory for the , a future of third party reporting & AURs for users:





Just sad....







Alleged ISIS supporter arrested in New York after reportedly planning a Times Square terror plot






















China says it would consider Turkey membership of Shanghai bloc









India de-monetization scheme update...










India provides exemption for weddings. More exemptions are going to occur...imo.










Yikes !!!















Pres. Council allocates 300 mil dinars to balance prices in the food market







Interim Govt: There is evidence that Sadek Ghiriani & Pres. Council are involved in car bomb attack









Unity Govt Defense Ministry condemns car bomb attack in .
















Exchange Bureaus being shutdown after attack(s) by gunmen , a troubling development.







House of Representatives holds session to discuss clashes in









Car explosion near Al-Jalaa hospital in . Casualties reported










While thinking of Serraj/ Maitieg rightfully should be questioned - what about thinking of UK & US on this prioritization of spending ?







South Korea corruption scandal-Gyeonggi Gov. Nam Kyung-pil and third-term lawmaker Kim Yong-tae announced their decision to leave the party.







Rare is the day when 's state-run promotes & coverage. All media lapping up protests.







Leader of main opposition Democratic Party said her party will immediately review the timing & ways for impeaching President Park Geun-hye.








South Korean prosecutors Sunday allege President Park conspired in criminal activities of a female confidante....