Wednesday, December 28, 2016

Economic News , Data & Views ...... December 28 , 2016..... Quick Hits For Wednesday - 1) Markets : Asia Economic News From Asia & News Of Note ; US Stocks Fall Back On Wednesday , Mixed Markets For Major Indexes In Europe , Oil Modestly Higher During Regular Session But Turn Down After API Data , Bonds Catch Strong Bid Today. 2) US Politics : Domestic and Foreign Policy For Obama Administration Really Under Microscope Today ; Trump Administrations Items For Wednesday. 3) Europe In Focus - Monte Paschi Developments , Greece Items De Jour , Berlin Xmas Market Related Updates , ECB Keeps Expanding Balance sheet . 4) MENA Updates - Iraq , Syria & Libya Items In Focus.



Markets.....





Asia.....





Good morning from Berlin. Asia shares mixed as Wall St bull run stumbles over profit-taking. Nikkei hit by firmer yen, Toshiba stock crash.







's CenBank slams irresponsible media reports than Yuan broke threshold of 7.00/$. BBG corrected Yuan pricing.






to add 11 currencies to basket of CFETS Yuan Rate Index








| BOJ Governor Kuroda: Japan is still not in a condition where can say we have escaped deflation or achieve the 2% inflation target









Economic data due from Japan today (more BOJ!)





Turbulence brewing in Asia..... example one....








Turbulence brewing in Asia .....example two.....







Turbulence in Asia ...example three....








Fall from grace.. Toshiba shares very close to wiping out gains for 2016. Share price was up 80% before Christmas; now virtually back to 0







JUST IN: Toshiba shares start trading; down a further 10%









Offshore breaks 6.98 per USD, touching 6.9834 at one point, set yuan's fixing at 6.9497, vs prev 6.9495








'Summary of Opinions' from the BOJ meeting of December 19/20




Important to keep an eye on what's occurring in China presently. ..







CNH plunges to new record low 6.9738 amid CNY Bitcoin shoots up to high new 6,888 Yuan...








Good morning from Berlin. Asia follows Wall St higher w/ Indonesian shares have their biggest 2d gain since Feb. Copper, iron ore buoyant.










US  & Europe.....








Stocks trading at session lows







Crude oil settles at $54.06 per barrel






OIL PRICES TURN NEGATIVE IN POST-SETTLEMENT TRADE AFTER API DATA SHOWS SURPRISE BUILD IN U.S. CRUDE STOCKS









US sells 5 year note at a high yield of 2.057%






UK FTSE 100 ends at record high close








US Politics....







Think the knives are sharp now , wait until after January 20th...











“Deep disappointment”: Netanyahu hits back at Kerry, accuses U.S. of orchestrating UN resolution









Kerry is going to get bigly backlash from Dems as well - Steny Hoyer's blast just a start..











Judge orders government to preserve Senate "torture report"








Looks like,Thursday could be when White House throws down the gauntlet to Russia over alleged hacking.













Israeli prime minister Benjamin Netanyahu thanks Trump for "clear-cut support" and cc's Trump's daughter Ivanka and son Don Jr.










Allegations former US Ambassador embroiled in plot against Duterte becoming subject of discussion in Phillipines.












Russian Foreign Ministry: If U.S. introduces new sanctions, it will get a response (Reuters)











Ultimately, the ball will fall into court of Trump DOJ to determine whether to fully pursue the Clinton emails...















 

Trump: I’m doing my best to ignore Obama’s many inflammatory comments and policy roadblocks









Europe.....







Parl’t reveals MPs’ assets for 2013-14








Refugee crisis deals blow to island tourism











Money has run out for staff at Marinopoulos









Spaniards held in Greece for refugee smuggling attempt









The market value of HFSF participation in banks tumbled by around 30 percent in 2017








Migration minister vows to improve conditions at camps










Statute of limitations has expired on cases w/ foreign undeclared deposits prior and up to 2006-including those named on the Lagarde list !








Police raids linked to contact of Berlin Xmas Market killer..









Germany says Italy must stick to European rules on Monte Paschi (BMPS)







GERMAN FINMIN SPOKESMAN TELLS RTRS ECB, EU COMMISSION MUST CHECK TO MAKE SURE ITALY IS STICKING TO EU RULES REGARDING MONTE PASCHI BANK





GERMAN FINANCE MINISTRY SPOKESMAN SAYS BANK OWNERS, CREDITORS MUST BE AMONG FIRST TO SUFFER LOSSES






GERMAN FINMIN SPOKESMAN SAYS STATE RECAPITALISATION OF BANKS CAN ONLY BE A PARTIAL SOLUTION IN EXCEPTIONAL CASES AND WITH STRICT CONDITIONS






GERMAN FINANCE MINISTRY SPOKESMAN SAYS STATE MONEY MUST NOT BE USED TO COVER LOSSES, RULES MUST NOT BE CIRCUMVENTED






GERMAN FINANCE MINISTRY SPOKESMAN SAYS BANK OWNERS, CREDITORS MUST BE AMONG FIRST TO SUFFER LOSSES








ramps up balance sheet expansion. Total assets rose by €55bn, most since Jul to fresh high of €3685.7bn on QE and new LTRO arrangement.









Berlin attacker 'took bus through France' after attack








MENA.....







140,000 people have been displaced since the start of the Iraqi army offensive against in Mosul more than two months ago.








Mosul residents displaced to areas under in central Mosul, Iraqi minister








: Iraqi Federal police have initiated the advance on the districts of Somar, Saha, Intisar.









Iraqi forces launch second phase of offensive








ISIS ability to move between East and West Mosul impeded by last bridge being knocked out.









President Essebsi said this month that jihadists can return and won't be put in prison "because we would not have enough prisons"








-ns are protesting against allowing jihadists back in & the national security forces union says strip jihadists of their nationality








to decide tomorrow on plan against returning jihadists. More concern after market attack Anis Amri







Previously, in Oct, the army's 12thBrigade & the Misratan ThirdForce had negotiated a reattribution of positions at BrakShati airport & base







AirForce Chief Saqr al-Jarushi appoints Abdessalam AbuKlish commander of airbase, officially in control of army forces since Dec9







BREAKING: More airstrikes on forces in area of targeting forces loyal to .











Fighting south Libya: Misrata, aligned to UN-backed govt (Tripoli) battling army (LNA) of Tobruk-based govt.







Tension central Libya. Misrata, aligned with UN-backed govt says its forces bombed this week in Jufra by jets of Tobruk-based govt.








Coast Guard Director: 9592 migrants saved in area of western Libya between Garabouli and Zuwarah during 2016








Military Council discusses response, consequences of LNA airforce raid on Hun training camp.









This had to be expected..








Syria may be informally partioned , by way of several zones of influence....










BREAKING: Russian embassy in Damascus shelled twice








| Fierce clashes between and in al-Hawiqah district amid airstrikes on several positions






JUST IN: Syrian rebels reject Moscow's demand to exclude their stronghold near capital from ceasefire - rebel official






Deal to come into effect 12/29. If pact agreed & holds, Syrian government & Opposition will launch peace talks brokered by TUR & RUS.










Turkey & Russia strike a national cease-fire deal. Terror groups to be excluded. Still needs buy in from Syria Gov't & fighting forces.