Friday, December 9, 2016

Economic News , Data & Views.... December 9 , 2016 ......Quick Hits For Friday - 1 ) Markets & Market Moving News : US & Europe Cap Off A Rip-Roaring Week ; Bonds Cap Off Another Poor Week ; Oil Looks Forward To Non Opec Meeting ; Additional News Of Note. 2) US Political Highlights For Friday - Transition Updates , Pivotal Recounts ( PA/MI/WI Updates ) , Odds & Ends . 3) Europe In Focus - Italy ( Monte Paschi Looming State Rescue On Deck) , Greece ( Domestic Developments & International Political State Of Play ) & Data Of Note For Friday. 4) Odds & Ends.



Markets.....




Forexlive Americas forex news wrap. Record highs for stocks again




Surprise. Surprise. Stocks close at record highs




WTI crude oil futures settle at $51.50 per barrel




| 9 non- countries to attend Dec 10 meeting as below. sources. reuters.







| russian govt source friday: risks to deal if questions not resolved. also concern about rising supplies. RTRS.








US 30 year bond trades at new high yields for the day







A grand week for European stocks even after the punch bowl empties



US Politics ....





Keys : Judge Paul Diamond to rule early Monday ; Stein has raised almost 10 million ; & still no hacking evidence.









Wise call , after reading the article. After recount Day 8-77.64% complete anyway , 62 vote net change for HRC.







Well , Jill Stein is entitled to a refund if all of the precincts aren't counted , due to the recount being halted.








Ronna Romney McDaniel seems slated to lead RNC. Maybe an indication Romney gets Secretary of State gig - who knows ?









And on Friday , no one still has a clue as to who Trump ultimately will pick for Secretary of State.






TRUMP SAYS WILL SUSPEND IMMIGRATION FROM REGIONS WHERE IT CANNOT BE SAFELY PROCESSED





NEW: Environmentalists slam Trump’s Interior Department pick






BREAKING: President-elect Trump picks Goldman Sachs president & COO Gary Cohn to be National Economic Council Director -






Very important article to read on the whole "fake news" aka censorship push underway.







Europe......



Monte Paschi decree ready , certainly looks like this will go down this weekend.






ITALY CABINET HAS NO PLAN TO MEET ON SATURDAY TO DISCUSS BANKING SITUATION - GOVT SOURCES








As long as agreed upon state aid and bail in rules are applied ....









Bail in: ITALY FINALIZING DECREE LAW FOR PASCHI RESCUE: OFFICIAL PASCHI BONDHOLDERS TO BE AFFECTED BY DECREE: OFFICIAL








BREAKING: Italian tax payers — and not the private sector — are going to have to rescue the country's oldest bank







Farmers Against Dock Workers on Strike in Crete





Supreme Court to Consider Turkey’s Request for the Extradition of Eight Turkish Officers that Fled After…





Debts to State Increase as Many Greeks are Unable to Pay Taxes





EUC says it was not "fully aware" of Tsipras extra benefit for low income pensioners , before same was announced.1








Regling: Short-Term Measures on Greek Debt can Start Being Implemented in January 2017




Frontex Rescues 66 Refugees and Migrants on Islet off Chios






| OCT INDUSTRIAL PRODUCTION M/M: -0.2% V +0.6%E; Y/Y: -1.8% V -0.6%E






| BUBA raises 16/17 GDP - Raises ’16 from 1.6% to 1.8% - Raises ’17 from 1.6% to 1.8% - Cuts ’18 to 1.6% (1.7%) - Sets ’19 at 1.5%






| Coeure: Slowing the pace of bond purchases show confidence in Euro Area economy





Odds & Ends....





Members of the constitutional assembly call for a national dialogue on the constitution.






Martin Kobler: High level meeting on December 13 to support the formation of the Libyan Presidential Guard







Seems to confirm , if accurate , split between fighting forces in East on staying or leaving.





Fwiw , various sources confirm large numbers of civilians have exited E Aleppo.






As reported by Russia's General Staff - 93% of Aleppo under SAA control-very large numbers of civilians exit East.






Bilal Erdogan money laundering investigation not a dead letter apparently. ..








Prime Minister Hwang Kyo-ahn has become Acting President after impeachment motion overwhelmingly passed....








Her powers are suspended while the Constitutional Court considers whether to remove her from office.







South Korea impeachment vote Support impeachment: 234 votes Reject impeachment: 56 votes






BREAKING: Terror suspect with loaded Kalashnikov arrested in Rotterdam, Netherlands -