Markets.....
The top 5 economic events and releases in the week starting December 12
Credit Bubble Bulletin: Weekly Commentary: Renzi Falls, Markets Rise http://creditbubblebulletin.blogspot.com/2016/12/weekly-commentary-renzi-falls-markets.html?spref=tw … Always informative !
Good morning from Berlin. Global stocks have gained $1.1trn in mkt cap this week as crazy Trump rally continues and Wall St hit new highs.
Global bonds have lost $300bn in value this wk as #inflation expectations in EZ & US hit new 1y high. China has become exporter of inflation
#Eurozone inflation expectations - measured by 5y5y swap - following US inflation expectations sharply higher, @TCommodity
OIL - OPEC, non-OPEC deal signed - focus will now switch to compliance
#SaudiArabia | Khalid al-Falih saturday: KSA will be cutting "substantially" BELOW the 10.06mbd cap established Nov 30 in Vienna. BBG. #OOTT
#SaudiArabia | al-Falih: natural declines can count toward cut. "This agremeent leaves for countries to decide how to implement". WSJ. #OOTT
#SaudiArabia | energy minister Khalid al-Falih saturday: does not expect U.S. shale response in 2017. reuters. #OOTT
#Russia | energy minister Novak saturday: diaolgue with #OPEC was rescued by #SaudiArabia energy minister Khalid al-Falih. reuters. #OOTT
Europe.....
Greece ....
Greece parliament approves budget, projects strong economy growth next year
Mouzalas requests mainland pre-removal centers http://dlvr.it/Mrr7v7
Should asylum seekers be returned under Dublin system? http://dlvr.it/Mrr7vK
Gov’t defends actions to wary European Commission http://dlvr.it/MrrdQH
Greek ferry strike called off, for now http://dlvr.it/MrtZFJ
Greek Finance Minister: Second Programme Review Can Be Concluded in December http://dlvr.it/MrvS1d #Greece
France.....
France's new prime minister seeks state of emergency extension http://dw.com/p/2U4aT?maca=en-tco-dw …
Paris hosts foreign ministers for diplomatic meeting on Syria conflict http://dw.com/p/2U3pu?maca=en-tco-dw …
Pollutions levels still high in Paris. Eiffel Tower is now hiding in protest.
Brussels 'to fast-track offer' for British nationals in France to remain EU citizens http://dlvr.it/MrXmWH
Italy.....
A look at Banks after Italy's referendum...
ECB refuses to help Italy's crisis-hit Monte dei Paschi bank https://www.theguardian.com/world/2016/dec/09/crisis-hit-monte-dei-paschi-bank-refused-ecb-help … #M5S
Italian big banks '...They have 400 billion euros of non-performing loans...' http://kingworldnews.com/alert-former-soros-associate-just-warned-a-thousand-lehmans-event-is-going-to-plunge-the-world-into-total-chaos/ … #noworries?
Things moving quickly in Italy - new govmt soon, then elections, bank bailout
The merry go round of Italian politics - Blasting News UK
Time passes & #Berlusconi remains a powerful player in #Italian politics - says he wants new electoral law, won't join grand coalition
Germany ......
Martin Schulz, President of the EU Parliament, is now as popular as Merkel among Germans, @ARDde survey shows. 57% are happy with his work.
More than 100 Afghan asylum seekers gathered in Freiburg in memory of Maria, killed by an underage Afghan refugee. http://www.dw.com/p/2U33a?tw
Germany's Divided Conservatives: Merkel Critics Deal a Blow to Chancellor http://dlvr.it/MrZXsS
US Politics.....
WaPo runs second story since the Election based on anonymous sources spouting their unverified claims and theories....
Naked Capitalism set to drop the hammer on PropOrNot....
Sen. Heitkamp emerges as PEOTUS's top choice for Agriculture secretary. Trump has considered Heitkamp for Agriculture or Energy secretary.
Trump has repeatedly stated he wants to reshape US relationship with Russia. His selection of Tillerson is consistent with that position.
Surprise selection ! Former Exxon CEO Tillerson selected as Secretary of State !
I think he was told he wasn't getting SoS , then was allowed a gracious exit.
No, Trump's health secretary pick Tom Price doesn't want to 'phase out' Medicare http://www.politifact.com/punditfact/statements/2016/dec/07/winning-democrats/no-trumps-health-secretary-pick-tom-price-doesnt-w/ …
Ronna Romney McDaniel seems slated to lead RNC. Maybe an indication Romney gets Secretary of State gig - who knows ?
GOP elector: Not all of us are voting for Trump http://hill.cm/VhHhg2N
Michigan Supreme Court denied Stein recount appeal on Friday. Michigan door basically shut.
Keys : Judge Paul Diamond to rule early Monday ; Stein has raised almost 10 million ; & still no hacking evidence.
Interesting item from Stein from December 8th...
Trump on ‘lock her up’ calls: ‘Now we don’t care’ http://hill.cm/N0rzUkz
Reid: FBI director should be investigated in wake of report on Russia's election interference http://hill.cm/9HVIwjd
Obama orders investigation into election-related hacking http://bloom.bg/2gpq3Sc
Odds & Ends....
Turkey......
The moment of explosion & gunfire at Besiktas Stadium in Istanbul
29 dead, 166 wounded in twin Istanbul bombings after football game http://buff.ly/2hqLRNz
Death toll at 13 near football stadium , Turkey imposes media blackout , second blast still not confirmed at Taksim Square.
Turkish Interior Minister to CNNTurk: 2nd explosion could be a suicide bomber, in Macka Park, targeting civilians.
(this points to ISIS more
#BREAKING Turkish Interior Minister says explosion likely caused by car bomb, most of the wounded in Istanbul blast are riot police
PHOTO: #Istanbul #explosion site http://on.rt.com/7xf1 #blast #besiktas #turkey
— RT (RT_com) December 10, 2016
First explosion was by Beşiktaş football stadium, second apparently at a minibus stop in Taksim
Developing story - it "appears" explosions occurred at two locations - Taksim Square and at Suzer Plaza ( near Besiktas Stadium.)
Turkish interior minister says at least 20 people have been wounded by an explosion outside a football stadium in Istanbul
Libya.....
The parliamentary Mithaq Bloc demands that Majbari & Gitrani resign from Presidency Council, blaming the latter for the #OilCrescent attack
#Libya Libyan forces reportedly found 100 women and children alive when IS collapsed in Sirte last week https://www.libyaherald.com/2016/12/08/after-victory-the-clear-up-in-sirte/ …
#Libya US ends air strikes after Libyan forces captured Sirte from IS last week. Total 495 strikes since Aug 1. http://www.africom.mil/media-room/pressrelease/28535/u-s-airstrikes-in-support-of-gna-dec-5 …
Syria.....
My sincere condolences to mainstream media: we have lost all credibility. This job is no longer up to any standard. I am sorry. #fakenews
50,000 civilians fled E Aleppo last two days , 1,000 rebels had laid down their arms as pro-government forces closed in.
Tons of weapons and ammunition (& food)left behind by rebels in east #Aleppo tunnels, all new believed to have reached the city last June.
All mainly found in al-Sakhour neighborhood of east Aleppo, with (2) field hospitals, tons of medicine and food supply @Le_pendard
US' Kerry urges Russia to show "grace" in Geneva Aleppo talks http://reut.rs/2hinXRt
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