Friday, December 23, 2016

Economic News , Data & Views .... December 23 , 2016....Quick Hits For Friday - 1) US and Europe Stock Indexes Have Lackluster Friday Before The Christmas Holiday ; Oil News Of Note - Baker- Hughes Rig Count , Production News ; Bond News De Jour ; Credit Suisse & Deutsche Bank Settle Mortgage Litigation with DOJ ; Additional Items Of Note. 2) Europe In Focus : Italy - Italy Bank Bailout Items ; Germany - Follow Reporting On Anis Amir & Berlin Xmas Market Attack ; Greece Updates De Jour. 3) US Political Updates For Friday - Transition , Trump News , Geopolitical Items. 4) Odds & Ends


Markets......




Dow notches 7th straight weekly gain, longest streak in 2 years






"Not An Algo Was Stirring..." - Dow's Tightest Trading Range In 30 Years







Here's your mid-day market update:







Check out the biggest market movers of the day so far on Markets Insider:








US Crude oil futures settle at $53.02 per barrel





Baker Hughes total rig count rises 653 vs 637 last




US shale spoils Opec party: US drillers add rigs for 8th week in row, bringing total rigs to most since dec2015








| Putin friday: Russia will meet the obligations it has assumed on production cut within the agreements with . Tass.






European stocks go out with a whimper




GERMANY'S DAX DOWN 0.1 PCT, FRANCE'S CAC 40 UP 0.1 PCT SPAIN'S IBEX UP 0.3 PCT





GERMANY'S 10-YEAR GOVERNMENT BOND YIELD HITS THREE-WEEK LOW OF 0.22 PERCENT, DOWN 3.6 BPS ON DAY - TRADEWEB





Times in the past 35 years that the 30-Yr Treasury Bond has been more oversold than today (using 14-week RSI)... 1984 1987 1994 2006 2013







Rushing to close out matters , seemingly gave CS and DB an advantage....









Deutsche Bank jumps 4% after agreeing $7.2bn settlement on mortgage claims w/ US Department of Justice w/ cash costs way below expectations.








Some pre-Christmas cheer for banks: Credit Suisse agrees to Pay $2.48bn in civil penalties following Deutsche Bank reaches $7.2bn settlement








Oops: The Eurozone downgrade is back. Fitch cuts 1 notch to AA-, citing higher deficit following tax reform










Europe ......




Italy Bank Bailout......






JUNE 30 DEADLINE CAN BE EXTENDED BY 6-MONTHS IF EU COMMISSION AGREES - GOVT DRAFT DECREE ON BANK SALVAGE PLAN





ITALY WILL BE ABLE TO PROVIDE GUARANTEE OF BANKS' DEBT UNTIL JUNE 30, 2017 - GOVT DRAFT DECREE ON BANK SALVAGE PLAN





Gov't looks like it will have a 62% stake in MPS , as a result of the rescue.





Looks as if they in urgent need for money: Treasury says to offer up to €6.75bn in bonds at auction on Dec. 29.









Trading in Monte dei Paschi shares, derivatives and bonds halted after troubled lender failed to raise private money to boost capital.







German Market Attack News






Interesting thread ( 1 of 19 in the string ) on Anis Amri - piecing things together about his background and flight after the Berlin attack.







Good string ( first of 11 tweets ) & analysis by Rukmini regarding Berlin incident , Anis Amri & ISIS.








Interesting string-first of 4 tweets on Berlin situation and Anis Amri.









Blowback..








Look at route taken allegedly by Anis Amri - questions will be asked how did he travel so far w/i Europe and what was his final destination?









Berlin Xmas Market attacker killed in Milan shootout with police ? Wish he could have been taken alive.








This one could see coming from ten KMs away...








Maroccan intel service warned German authorities twice about Amri's readiness to perpetrate a terrorist attack. Documentation here.








Greece.....






Mitsotakis: Prospect of Elections Frightens Only the Prime Minister







‘Excessive Leniency to Greece Will Cost Europe €100 Bln’ Says German Paper






ECB: Greeks Lost 40% of their Wealth During Economic Crisis






1,200 Children Migrants and Refugees Complete First School Trimester in Greece






PM Tsipras: Elections Will be Held in September 2019








POEDIN: State of Regional Health Centers Dire







Tsipras and Schauble fueding goes public..







Libyan Hijack....




( Much more at Twitter Timeline...)




Libyan plane hijacked by two men allegedly carrying explosives. 110 people on board , demands presently unknown.






NOW: Afriqiyah plane w/ 100+ passengers on board hijacked on its way from Tamahint to Tripoli landed in Malta. Hijackers armed w/ explosives






Alleged demand made by hijackers - safe passage for jihadists remaining in Qanfouda section of Benghazi City.






Airplane door of airways opens ... passengers will hopefully start being released.






First group of passengers, consisting of women and children, being released now.





First 25 passengers released.





A second group of 25 passengers are in process of being released as well.






65 passengers released so far.





The hijackers of plane are from the south , they demand the creation of a political party "al Fateh al Jadid.





| The 2 hijackers - Mousa Shas & Ahmed Ali - of the plane are 24 and 25 years old, they also demand asylum in Europe.





109 passangers + crew members released from hijacked plane. Maltese Prime Minister writes on Twitter.






UPDATE: Man appears from hijacked plane holding the old Green flag of Libya







Hijacker of Libyan plane now at Malta says he is head of a pro-Gaddafi party.





Plane crisis over: kidnappers surrender,all passengers are safe, they raised old regime flag, demand new polit party, requesting asylum






Initial forensic exams now showing weapons used in Afriqiyah hijack are replicas.







US Politics....






Thanks for telling us now.....








Trump's Ominous Warning To The UN: "Things Will Be Different After Jan. 20th"







- The U.S. refuses to veto a U.N. measure condemning Israel.








CIA director says US government shouldn't retaliate for Russian hacking, just because Democrats have been useless






I'm paraphrasing here but that's what he probably meant to say





Democrats 2016: 1) send Lena Dunham to campaign 2) lose election 3) blame Russia, FBI, everything 4) cheer CIA 5) asked by CIA to calm down







US Ambassador to Turkey addresses a number of key issues -alleged ISIS & Turkey oil trade, Gulen extradition 1







Interesting comment...










Odds & Ends.....






The Office for the Coordination of Humanitarian Affairs: More than 23,000 evacuees have arrived at UN reception centers.








UN: The humanitarian evacuation of eastern has concluded with more than 35,000 people transported out of the city (ap)








is preparing for / + assault on the Tabqa Dam, the ISIS headquarters west of . Could be level defense.








Reports that terrorists destroyed two more armored vehicles west of Al-Bab, Aleppo Governorate, today.







80 civilians killed today in al-Bab by Turkish bombing2 the city. Because it is not Russian, it must be ok, I guess.








considers total ceasefire in








. Indeed, looks as if is proxy for cap exodus. Value of digital currency to be diametrically opposed to Yuan's.







Goldman: "India cash availability at ATMs has gradually improved but the number of ATMs with cash continues to remain below 50%"







Now this is nuts...reminds me of the scene from The Terminator and Arnold's now legendary "I'll be back" line







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