Friday, December 30, 2016

Economic News , Data & Views..... December 30 , 2016.....Quick Hits For Friday - 1) US Stocks Ending 2016 On A Sour Day With Two Consecutive Days Of Losses , Oil Finishes 2016 With Best Returns On An Annual Basis Since 2009 , US Debt Continues Recent Trend Of Price Improvement , Europe Indexes Finish 2016 With Green Sessions For The Major Indexes. 2) Europe In Focus : Greece News Of Note For Friday ; Financial News Of Note - Monte dei Paschi Updates , Inflation Accelerates In Spain In December , ECB Inflation Expectations Also Jump To Highest Level In A Year ; Funeral For Lukasz Urban Held Today. 3) MENA Notes - Turkey , Syria & Libya In Focus Today. 4) Odds & Ends for Friday.


Markets......







Dow Jones Industrial ends the year 2016 up 13.42% despite stunning surprises after -2.2% in 2015, best year since 2013.








RTRS - U.S. STOCKS EXTEND FALL, NASDAQ .IXIC DOWN 1.00 PCT






's benchmark index Dax ends the momentous year 2016 up 6.9% BUT below historic avg of 8.8%.








European stocks end the session with gains across the board





Bond history made in 2016: US 10y yield ends yr at 2.446% vs 2.273% at end of 2015. Up 84bps during 4Q16, biggest quarterly rise since 1994.









U.S. 30-YEAR TREASURY YIELDS FALL TO FRESH 3-WEEK LOW






U.S. 10-YEAR TREASURY YIELDS HIT 2-WEEK LOW








Global 10 year bond yields mixed in 2016







U.S. CRUDE OIL FUTURES SETTLE AT $53.72/BBL, DOWN 5 CENTS, 0.09 PCT






RTRS - U.S. CRUDE FUTURES CLOSE UP 45 PERCENT FOR THE YEAR; THE BIGGEST ANNUAL GAIN SINCE 2009







BRENT CRUDE FUTURES CLOSE UP 52 PERCENT FOR THE YEAR; THE BIGGEST ANNUAL GAIN SINCE 2009





U.S. OIL DRILLING RIG COUNT ENDS 2016 JUST BELOW YEAR-AGO LEVELS -BAKER HUGHES






U.S. DRILLERS ADD OIL RIGS FOR 9TH WEEK IN A ROW -BAKER HUGHES





Europe....






Brazil police officer confesses to killing Greek ambassador








Spaniards arrested for transporting migrants released








Road tax deadline extended to Jan 9







Greek retail sales rise 2.4 pct in October, led by supermarkets









Deutsche, UniCredit & 8 other EU banks would fall short of 's cap demands on Monte based on stress-test results.









EZ inflation expectations jump to highest since Dec2015 as ECB Coeure says he doesn’t exclude 2017 upside inflation risks in interview w/ BZ







In case you missed it. in sharply accelerates in Dec. CPI rises 1.5% YoY vs 0.9% expected, largest increase since Aug2013.








Mad world! Monte Paschi to issue €15bn in debt after EU approves liquidity support.






Bank of puts Monte dei Paschi rescue cost at €8.8bn. Bailout could cost Italian taxpayers €6.6bn.







Hundreds of mourners attend funeral of Polish lorry driver Lukasz Urban who was killed during Berlin's attack.









Funeral our Great Polish Hero Lukasz Urban. Forever in our hearts and memory💓Rest in Peace...








US News For Friday.......







Trump considering Conway's husband for US solicitor general: report









Second FOIA lawsuit targets details on election interference








Trump adds extra significance to this tweet praising Putin by pinning it at the top of his Twitter messages.









Threat of New Year attack in U.S. low but 'undeniable': agencies






JUST IN: McCain schedules hearing on foreign cyber threats to the US










TRUMP MEETINGS TODAY Susan Combs, ag sec candidate Ex-TX Rep Henry Bonilla Howard Lorber, Vector Group Allan Hubbard, ex-Bush econ adviser.








TRUMP HAS NO SCHEDULED TALKS WITH RUSSIAN PRESIDENT PUTIN - TRANSITION TEAM







When asked if Trump has plans to speak w/ Putin, says nothing is scheduled right now. Says priority is intel community mtg.








“FBI/DHS Joint Analysis Report: A Fatally Flawed Effort” by




Good point by Lisa Daftari...telling friends hard truths actually is a two way street.









PUTIN SAYS RUSSIA WON’T EXPEL AMERICAN DIPLOMATS IN RETALIATION









Putin approach - rather than tit for tat sanctions , seems to be Russia taking the high road and simply waiting out Obama Administration...










President Obama's flurry of unilateral actions in the waning days of his tenure are designed to box in President-elect Donald Trump.









MENA.....



Turkey....



Turkish Interior Ministry (last week arrest numbers): 
ISIS: 78 PKK/KCK: 508 Gulenists: 1,096




Turkish court arrests 28 media workers from TRT, pushing the total number of journalists arrested nearly 200.





Syria.....




Egypt to send peace-keeping forces for ceasefire. ....








Noting recent attempts to cut off water supplies for Aleppo and Damascus-by ISIS & Opposition forces respectively.









terrorists cut off water 4 from its main source which is the treatment plant on the Euphrates River





Thanks to the "rebels" this is today!









Good commentary on the very complicated state of play involving Syria...

















's Foreign Minister says -led coalition airforce conducted airstrikes in Al-Bab following Turkish request.









LIVE — FM Çavuşoğlu: Opposition and Assad regime can hold talks, Turkey ready to coordinate but ceasefire is key







Like it or not , Putin has run circles around the hapless Obama W.H , in the realm of Foreign Policy. It's just a fact.









Libya......





GNA Transport Minister-elect confirms Italian company to 

commence Tripoli International Airport construction early 2017









GNA and CBL agree on a LD 37.56 BN 2017 emergency ‘‘budget’’: HoR rejects it as uncons ... -







Herald article contains details of what has been agreed between GNA & CBL and possibly NOC in the (not a) budget. HoR does not agree








US wants to see “effective” unity government in Libya - Libyan Express







Military build-up in south by Misrata, aligned with UN-backed govt (Tripoli), and Tobruk-based govt forces.

















Haftar is sending reinforcement to the 12th Brigade in the South and is sending BAM forces to help the 3rd Force.






and Sisi discuss crisis as a vital part of Moscow-Cairo cooperation.








Total electricity blackout in eastern due to sharp drop in temperature








Jamal Zubia filed a lawsuit in a local court vs PC-plans to file a/o case w/ Int'l Crim Court on charges of forced disappearance & torture.







Odds & Ends.....






U.S. to pursue Chinese plywood anti-dumping probe






Drudge Report Suffers "Biggest DDOS Attack Since Inception" As Obama Unveils Russian Sanctions








Narendra Modi’s Exclusive Interview to India Today After Demonetization – Tears Apart Opposition for Supporting Corruption! http://postcard.









India's Demonetization 50 Days In - Not Perfect But Moving In The Right Direction - Forbes








Apologise for ‘blunder of demonetization’: Kejriwal attacks PM… via via










India's demonetization deadline approaches, causing stress and confusion











Moon Hyung-pyo: South Korea Pension Fund Chairman Arrested for Corruption |