Asia - Thursday....
Economic data due from Asia today - China trade balance (and more)
[BREAKING] Japanese GDP (QoQ) Q3 F: 0.3% (est 0.5%, prev 0.5%) Japanese GDP Annualised (QoQ) Q3 F: 1.3% (est 2.3%, prev 2.2%)
MNI: JAPAN GOVT CHANGES GDP BASE YEAR TO 2011 FROM 2005 MNI: JAPAN GOVT ADOPTS LATEST INT'L STANDARD SNA2008 FOR GDP DATA
Asian opens higher following positive US lead where equities posted biggest gains since US presidential election; ASX posts 3-month highs
Japan lifts Tepco's credit line to 14tn yen
Japanese firms warn of global trade contraction under Trump presidency
Murmurs that China to tighten rules on European firms repatriating profits
US & Europe Markets
Buy The F**king Record Highs - Stocks Melt-Up Most Since Trump http://www.zerohedge.com/news/2016-12-07/melt …
Ding. Ding. Ding. S&P and Dow indices close at record highs
Another super day in the life of European stocks
WTI futures settle $1.16 lower (-2.3%) @ $49.77 per barrel
Crude Tumbles Below $50 After Biggest Cushing Build Since 2008
DoE Cushing OK Crude Inventory Change (WoW) 07-Dec: 3.783M (est 0.256M; prev 2.419M) #OOTT
DoE US Distillate Inventory Change (WoW) 07-Dec: 2.501M (est 2.000M; prev 4.957M) #OOTT
US DoE Crude Oil Inventory Change (WoW) 07-Dec: -2.389M (est -1.500M; prev -0.884M)
DoE US Gasoline Inventory Change (WoW) 07-Dec: 3.425M (est 1.600M; prev 2.097M) #OOTT
DoE US Refinery Utilization (WoW) 07-Dec: 0.60% (est 1.00%; prev -1.00%) #OOTT
Crazy! Govt bonds rally even as US stocks soar amid mounting speculation #ECB will extend its asset-buying program.
Europe In Focus.....
Moody's changes outlook on Italy's Baa2 issuer rating to negative; affirms rating https://www.moodys.com/research/Moodys-changes-outlook-on-Italys-Baa2-issuer-rating-to-negative--PR_358690 …
MPS solution requires further bondholder sacrifice. But there are only €3.3bn of bonds that can be wiped off. http://www.breakingviews.com/considered-view/mps-solution-requires-further-bondholder-sacrifice/?h=2b070b69780547e62a0b074a3beb97f8?&SID=577fdc3ae9328bc7748b4f9d&utm_source=Sailthru&utm_medium=email&utm_campaign=Linde/Praxair%2C%20U.S.%20advertising%2C%20Italian%20banks%20Wed%2C%2007%20Dec%202016%2016:02%20lproud&utm_term=BV%20-%20Eikon …
No request made for ESM loan , so far.
Renzi: New election can only be held after Jan ruling
ITALY SENATE VOTED 173 VS 108 IN FAVOR OF GOVT ON BUDGET LAW
Head of Portuguese fiscal council says the country needs debt restructuring (via @JNegocios)
And let's see whether Schauble agrees with "the rules" not being followed , when the country isn't Greece....
They will need more than 15bn , if this is true....
Never believe something until it's officially denied , they say.....
Brexit news: UK lawmakers back government timetable to trigger EUs article 50
BREAKING: Tata steel - the headlines
Brexit's Davies expects parliament will have a vote on final EU deal
Le Pen says she would call a referendum on EU membership and the euro, were she elected President
French banks are going to hike their charges once again http://dlvr.it/MqjXgT
Power has been restored at Gare du Nord, services to start again progressively http://www.thelocal.fr/20161207/all-train-traffic-suspended-at-gare-du-nord-after-power-cut …
Primary surplus for 2016 close to 2 pct http://dlvr.it/MqYGP0
Liability exemption for debt-sorting officials http://dlvr.it/MqYGPj
German FinMin Spokeswoman: Clear That We Won’t Have A Decision On IMF Involvement In Greek Bailout This Year - RTRS
Goldman expects ECB to deliver dovish message at Thur's meeting by extending APP until Dec2017 at curr pace of €80bn as real rates has risen
Frontrunning: December 7
FMW note :
On Wisconsin Recount (Day 7 cumulative results) With 65.89% of precincts having completed their work-HRC has picked up a net 82 votes.
Breaking: Federal judge lifts order, MI recount to end - The chaos in Michigan continues this evening, as does ...
Judge Mark Goldsmith , sided with a state appeals court Wednesday in halting the effort, ABC News reported.
Federal judge halts controversial presidential election recount in Michigan. But an appeal is likely. So story is: STOP COUNTING, for now
#Michiganrecount in limbo. Full panel of 6th Circuit Appeals won't hear the case. So presidential recount decision stands, for now
Fwiw , w/23 of 72 counties having finished their recounts -HRC has lost 41 votes ,Trump has gained 105 votes.
Judge Goldsmith will issue a written opinion on whether to let Michigan presidential election recount continue, or end. Stay tuned.
Colorado responds to faithless-elector suit: “Odious,” “evil”
Current Cabinet selections...
No final decision has been made , but Major Garrett of CBS News places Romney ahead of Petraeus and Giuliani.
EPA head selected...
Spokesman says Trump will meet for 2nd time with @AndyPuzder, "very talented man with a very strong background." Pudzer = possible labor sec
It's official: Trump has tapped Iowa Gov. @TerryBranstad as ambassador to China, per spokesman Jason Miller on press call. Statement later.
General John Kelly selected to head DHS.
WaPo gives a lame excuse for publishing an article without apparel engaging in due diligence. .
Lol ! Fake news hit job -WaPo admits might be fake news itself !!!
Trump says the US will avoid getting involved in foreign wars http://ow.ly/mhBE306TBii
Investigation into US air strikes shows "irregularities" may actually be deliberate targeting of Syrian forces http://ow.ly/NaV1306TCIT
Foxconn also may add jobs in US...interesting !
Clinton throws thank you party for her rich patrons. Tone deaf response by HRC.
Trump Re: Boeing: We Are Going To Work It Out, If Price Doesn't Fall We Won't Order Planes $BA
VP Biden, on if he'll run for POTUS in 2020: "Trump will be 74, I'll be 77 and in better shape"
Ellison candidacy as DNC Head gets panned by Alan Dershowitz. ..
JUST IN: Ellison says he will resign from House if elected DNC chair http://hill.cm/357ctRK
Iraq , Libya & Syria.....
( Much More At Twitter Timeline )
Dec. 6th, 2016 How do the stranded Mosulis live inside Mosul now? Find out more here: (1) of (8)
The gather of the congressmen of Misrata disowns and condemns the today's attack against the oil terminals.
Today in #Libya: Forces under Barghathi (Sarraj MOD) & Jadran (ousted GNA PFG oil gangster) were repelled at Sidra and crushed at Bin Jawad
FYI: UN's #Libya PC made a deal w/Oil Crescent gangster Jadran. Army ousted him. Oil production went up. But Jadran/Barghathi keep attacking
The statement by operation to liberate & secure oil ports mentions Resolution No 43/2016 by PC-mandated MoD. Later PC disown the attack !.
Maybe the GNA/PC should remove Barghathi from his post , if he truly has gone "rogue."
@Rana_J01 Barghathi, Ismail Sallabi, Jadran, various anti-Haftar army officers from the East were preparing this for months. Open secret.
Moscow Will Offer a Safe Exit From Aleppo to Militants and Civilians http://stalkerzone.org/moscow-will-offer-safe-exit-aleppo-militants-civilians/ … via @O_Rich_
Rebels in Aleppo have called for a ceasefire with Syrian army but given no indication they're ready to withdraw: http://reut.rs/2h3cl4h
India's Composite PMI crashed as demonization struck the economy of India like a high speed train.
Look like India did have a plan to grab citizens gold after all...