Tuesday, November 22, 2016

Economic News , Data , Views ....... November 22 , 2016......Quick Hits For Tuesday - 1) Markets & Market Moving News : Asia Economic Data And News For Thursday ( Developing ) ; US Stocks See Another Day Of Record Highs ; Oil Has A Roller-Coaster Day But Recovers With Late In The Day OPEC "Positive " News ; Additional Items Of Note. 2) Trump Transition Updates For Tuesday . 3) Around The Horn For Europe : Greece Updates - Creditor Talks In Focus ; Turkey Accession Likely To Be Halted by European Parliament This Week ; Architect Of Paris Attacks By ISIS Identified ; Refugee Crisis Items ; French Presidential Candidate Fillon Items ; Italy In Focus - Referendum Politics , Monte Dei Paschi Item - 20% Quorum Reached For Shareholder Meeting On Thursday ; Additional Items Of Note. 4) Odds & Ends - Puerto Rico , Iraq , Syria , Libya , India & More !


Markets......



Asia For Wednesday





PBOC set USDCNY mid-point at 6.8904 (prev. fix 6.8779, prev close 6.8920)





Samsung spokesman says South Korean prosecution officials are at Samsungs offices






Economic data due from Asia today (m'eh ... don't even bother)




Dow Tops 19k But Small Caps Panic-Squeeze To Longest Winning Streak In 20 Years







S&P 500 closes above 2200 for the first time





Forexlive Americas forex news wrap: Up and down session for the dollar





Earlier excitement fades into the close...








OIL - private inventory data shows a decline (a build was expected)





Crude draw -1.28MM Gasoline build +2.68MM Distillate draw -0.35MM Cushing -0.14MM






OPEC technical meeting not so clear: one delegate quotes 4-4.5pc production cut bar Nigeria, Libya, while another brands figure "misleading"






OPEC delegates firmly agreed to six months of quotas - report



| governor says "we agreed & happy". governor says there is consensus on what members will do. BBG.






1 minutes before NYMEX close: OPEC SOURCE GIVES NO FURTHER DETAILS ON HIGH-LEVEL COMMITTEE'S REPORT










LATEST FROM VIENNA: Said to Defer Question of and Cuts for Ministers Next Week via







OPEC - IF Libya & Nigeria are exempt & IF Iran agrees to proposed 3.92m bpd cap & IF Iraq joins here's what -4% and -4.5% look like:








Frontrunning: November 22








US Political Developments .....







President-elect Donald Trump has decided to select South Carolina Gov. Nikki Haley to become his U.S. ambassador to the United Nations.










Looks like picks for key slots close to be made. Here is one potential slate for Sec of State , UN Amb & Defense !








Education secretary candidate Michelle Rhee says she's not pursuing a position in the Trump administration.










US election - Clinton is being urged to challenge the result








Carson adviser tells ABC Carson "will always consider whatever request the president-elect makes of him"








Trump transition sources tell me Trump will fill vacant Fed board seats within first few months in office, dramatically reshaping Fed.








Horns pulled back some , certain campaign promises not on front burner seemingly anymore.....









Big moment in Republican politics might have just happened






Asked point-blank about Nazi conference in DC over wknd: tells "of course" "I disavow and condemn them"







Trump-NYT highlights so far *disavows alt-right *says some connectivity btwn humans and climate change *moves away from Clinton prosecution








Staff with Trump at NYT meeting: press secretary/adviser Hope Hicks, WH chief of staff Reince Priebus, campaign manager Kellyanne Conway.









When Trump "tells you before he’s even inaugurated he doesn’t wish to pursue these charges it sends a very strong message," Conway on MSNBC.









Fwiw , "lock her up" may be heading to dustbin of campaign slogans...








Around The Horn For Europe ....





Second round of Greek review talks concludes without breakthrough on labour reforms






Eurozone finance ministers (GE, FR, IT, SP, NE) to meet with IMF on Friday to discuss Greece - SZ







SuedDeutsche Zeitung also reporting that EU Commission and ECB representatives to also take part in talks on Friday







While not "binding " a vote by the EP this week to halt Turkey accession to the EU , will be hugely symbolic.








1/ This is big: For first time, US confirms identity of ISIS' Abu Souleymane al-Firanzi, architect of Paris attacks








Over 4,600 migrants drowned in the Med in 2016 and record high immigration figures in Italy. Merkel's open door policy has been disastrous.







Fillon , if he prevails , will seemingly take a different tack toward Putin and Assad , then Hollande has taken.







| FILLON LEADS JUPPE 65-35 IN SUPPORT IN FRENCH PRIMARY: ODOXA - BBG







Kudos for getting someone to say it on the record. If Renzi goes, Italy will likely hold an election next year. 2018 would be too far away.










Purge continues. ..







RT FT : Voters in Italy's struggling southern regions are poised to reject constitutional reforms in next month's …






Monte Dei Paschi Reached Necessary 20% Quorum For Shareholder Meeting On Thursday - AGI






EU MULLS "PLAN B" IF IT FAILS TO REACH AGREEMENT WITH IMF ON GREECE: SOURCES; ATHENS MUST TAKE POLITICAL DECISIONS TO CLOSE SECOND REVIEW









IMF, EU STILL DISAGREE ON MEDIUM-TERM GREECE TARGETS-SOURCES: DON'T SEE DECISIONS AT DEC 5 EUROGROUP DESPITE PROGRESS MADE IN GREECE








Odds & Ends .......






Puerto Rico.....





Working relationship between Puerto Rico’s government and federal oversight board created to solve island’s fiscal crisis deteriorating.









Syria / Iraq .....







Good article on how Tikrit overcame Speicher Massacre & how it could point to reconciliation in rest of Iraq


















Must read: "Status of the Syrian Rebellion: Numbers, Ideologies, and Prospects" - by WashInstitute







"Assad Will Talk, But He Won’t Negotiate" by is another good description of the Damascus trip





Ankara intensifies strikes against YPG, moves to arrest PYD leader Salih Muslim - by via







Trump on Syria: "We have to end that craziness that's going on in Syria."












want a full war with Kurds and in









Turkey-backed forces besiege Syria's al-Bab, eyes on Manbij: Erdogan




“We no longer have hospitals,” an Aleppo surgeon said. “It feels like we are living in hell”







Libya....












Over 600 migrants rescued off Libyan waters: another shipwreck, one dead and many missing -









Sebha’s "Monkey War" set to end after agreement accepted by Awlad Sulaiman and Qaddadfa -









Lot of confusion over black market dollar price, with quotes frm 6.40 to 7 dinars a dollar.






Despite 100s of millions in newly currency delivered as recently as this month, cash depleted banks see exchange rates&inflation soar








Technical glitch causes explosion at the al-Laheeb oil field south of Brega.









- pictures purportedly showing the aftermath of the explosion in al-Lahib Oil Field (via )











Bunyan Marsous engineers find secret communications room while combing the Giza neighborhood of









Dozens of shopkeepers close their doors protesting rise of Dollar against Libyan dinar in parallel markets














LYD seems to be catching its breath today , after frantic moves on Sunday and Monday.









Backed by U.S. air strikes, brigades have been edging forward against militants trapped in an area a few hundred meters wide....








Unity Govt FM Mohammed Siala says international parties trying to derail a political solution in








Ashraf Tulty: The Rome conference set out different ways to strengthen the dinar, address the liquidity crisis and raise oil production







Ashraf Tulty (PC spox): The PC has asked the CBL to set a clear timeline for a package of decisions based on the Rome conference conclusions








Opec mulls output cut. Note: Libya can expand to at least pre-war 1.6m b/d ( 600,000 b/d now)




Tobruk-based parliament navy says sank two supply boats off Benghazi









Report: Italian airline to begin service Rome-Tripoli in January, apparently marking end of EU ban on Libya flights.








Common complaint on social media, lack of information on how government planning to tackle crises.













India Says New Currency Cant Be Faked But Fakes Notes Are Popping Up Every Day









Washington Post: “India just made a big mistake with its currency ban”  :…





India Takes Historic Step to Fight Corruption, Black Money, Terrorism & Counterfeit Currency






South Korea corruption controversy takes an even more serious turn - Presidential Compound raided allegedly.







(LEAD) Prosecutors raid inspection unit controlled by former presidential aide





New post: South Korea: President Park agrees to corruption investigation









South Korea president's office explains Viagra purchase