Tuesday, December 20, 2016

Economic News , Data & Views .....December 20 , 2016.....Quick Hits For Tuesday - 1) Markets : Asian Economic Outlook For Wednesday & Developing Items ; US Markets - DOW , NASDAQ & S&P Advance , Oil Advance In Regular Session & Globex Session - Private Inventory Data Bullish For Crude W/Bigger Draw Than Expected , FX News De Jour - Focus On USD & Euro. 2) Europe In Focus : Major European Indexes Finish Green Today , Stand Out Being Italy ; Monte Dei Paschi Debt Swap Falling Short of Target and No Big Investors Stepping Forward - State Bailout Looms ; Follow Up Items on German Xmas Market Terror Incident - Killer Still On The Loose , German Poll shows Trust In Government Falling ; Greece - EWG Meeting Approaching As Forward Still Not Clear ; Russian Ambassador Follow Up Items ; Additional Items Of Note. 3) US Political Developments - Transition Related Items. 4) Odds & Ends - Iraq , Syria , Libya , Puerto Rico , Mexico , Pakistan & Egypt Items Of Note.



Markets.....





Economic data due from Asia today






PBoC fixes yuan midpoint at 6.9489 (prev 6.9468)







China last week: Record surge in yields Bond futs halted Interbank lending freezes Bill auction fails Upcoming 3,7 Y auctions cut 40%







South Korean Imports 20-Day (YoY) Dec: 9.4% (prev -3.1%) South Korean Exports 20-Day (YoY) Dec: 11.6% (prev -0.2%)









Japan press reports on Kuroda - BOJ taking 'a step forward', no yen concern




New Zealand Trade Balance (Nov.): -705mln (expected -500m, prior -846m)



US Markets.....














US stocks ends session higher/near day highs but Dow falls short of 20K.





US crude oil futures settle at $52.23 per barrel







OIL: Price pop a little after private inventory data shows bigger draw than expected






Libya to add 270K bpd of production in three months






US dollar grinds lower after hitting 14-year high







EURUSD Update: Near unchanged on the day




Europe......





European stocks finish on a good note - Italy hits the highest since last Jan


Italy....





Debt swap well wide of mark , as billions were anticipated as the target.






Italy's government to ask parliament for maximum €20 billion in public debt increase: Padoan








Qatar balking & no other major investors have stepped up. Concurrent second debt-for-equity swap has raised less than €200m through Monday.








Germany....







14 people who were critically wounded in yesterday's Berlin attack are still fighting for their lives, reports.






Islamic State group: Berlin truck attacker is IS soldier "targeting citizens of the Crusader coalition" .






Investigation hits major snafu as initial suspect released due to no forensic evidence tying him to the truck.








44 percent of Germans believe the press lies regularly and is “controlled from the top.” - Columbia Journalism Review






Campaign of fear continues in Germany...







What a mess.....








Bavarian PM & Merkel ally Seehofer wants "political consequences" post .Asylum cap long standing demand








MORE: German interior minister says 18 of 48 injured in Berlin attack are severely hurt; one has injury that looks like from gunshot







Greece.....






Lenders request written affirmation from gov’t payment to pensioners will be one-off & not extended in the future (via )







1/3 EWG exchanged views in a constructive manner on the implications of the recently legislated fiscal measures in Greece






2/3 Discussion on several possible options 2 unblock implementation of short term debt measures.So far there has not been complete consensus





3/3 Deliberations in Member States will continue until tomorrow, when a final decision on the further procedure will be taken





Shooter of Russian ambassador refused to proceed thru X-ray screening, but was granted access b/c of police ID.







US Politics .....







Trump to form infrastructure task force to manage $1 trillion project





RCP has the top contenders for White House staff positions in our tracker






NEW: Trump is considering Cleveland Clinic CEO Toby Cosgrove and businessman/Vietnam veteran Luis Quinonez for VA secretary post, I'm told.








JUST IN: Obama bans offshore drilling in Arctic and Atlantic oceans







After Lavrov & Cavusoglu declare Russia-Turkey-Iran best format for Syria talks, expect US-Russia efforts frozen until Trump administration.





Odss & Ends....






Musings On Iraq counted 1968 killed 3383 wounded inside city of Mosul so far 1046 executed by IS







Death toll in Mexican fireworks explosion at a dozen. No further details but developing story...








Huge explosion at a fireworks market , developing death toll. So , this is not a laughing matter.











Ahrar al-Sham’s Shura Council will vote “in hours” on whether or not to merge with JFS in - and if so, how:







Syrian Arab Army says it will enter the remaining Opp-held neighbourhoods in E Aleppo today. Last batch of militants/civilians leaving today










"coming 2an end: (JFS) Abu Muhamad al-Joulani asking all organisations to deliver their weapons under his command/control".








JUST IN: Russian foreign ministry says Geneva talks on Syria have hit dead end due to ultimatums from Syrian opposition in exile









E Aleppo evacuation may be completed on Wednesday , absent any further setbacks.










Congrats to the NOC ! Oil flowing freely for the first time in 3 years & didn't have to payoff bandits like Jadhran.







Es Sider Port loading first crude oil in two years....







Armed groups playing dangerous games- further attacks could result in the complete disruption of power supplies to Tripoli power supplies.









Puerto Rico's governor-elect says the island will run out of money by February











Pakistan Senate proposes to make same mistake India made in banning certain cash notes....











"Two children: a girl of 8, Raghed, and a 12 year old boy were used to to stage video showing war crime in ".








has d courage 2debunk propaganda & abuse f children tt is becoming fashionable










Putin is about to rain the pain down on jihadists.....











Trilateral meeting between Russian, Iranian and Turkish foreign ministers to follow bilateral meeting, Rudaw reporter in reports.








Information obtained passed by German's BND to US and UK intelligence services - who in turn , are passing it on to Syrian rebels.







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