Markets.......
Asia.....
US & Europe.....
Europe......
Greece.....
Italy...
Additional News From Around Europe......
The Local Germany @TheLocalGermany
US Political Updates.....
Odds & Ends....
Syria.....
Libya....
Egypt.....
Turkey......
Asia.....
Economic data due from Asia today - China the focus
China Nov. Industrial production 6.2%y/y (expected 6.1%) & Retail sales 10.8%y/y (expected 10.2%)
Keep an eye on India , Modi's demonetization experiment is causing gold premium's to explode - along with India's economy.
"We are demanding that we hold the questioning at Choi's cell," Rep. Park Beom-kye of the main opposition Democratic Party said.
PBOC sets USD/CNY central rate at 6.8934 (vs. yesterday at 6.9086)
Australia - NAB November Business Conditions: 5 (prior 6) & Business Confidence 5 (prior 4)
Australia - Q3 house price index: +1.5% q/q (expected +2.5%, previous +2.0%)
US & Europe.....
Dow closes at yet another record but S&P and Nasdaq end up down
WTI futures settle at $52.83, up $1.33 on the day
Gold bounces back after making 10 month lows
Bond bubble continues to deflate: US 10y yields jump above 2.50%, to highest level since Oct 2014.
Global bond rout deepens. US10y yields at highest level since 2014.
UK, France and Germany break their winning streak
Europe......
Greece.....
Head scratcher: IMF says its not pushing for austerity in Greece yet demands large pension cuts.
The IMF is not asking Greece for more austerity http://dlvr.it/MshjJ5
IMF chief economist blogs with Thomsen: Greek budget is unfriendly to growth & equity, solving this problem requires tax and pension reforms
ESM:Medium-term debt measures will not be agreed before end of 18-then it will be decided whether they are really needed #capitallink
India , Venezuela and Banks of Greece - all recently joined or propose to join the war on cash.
Economic migrants put extra strain on asylum system http://www.ekathimerini.com/214477 #greece
Opportunity missed at the Eurogroup http://www.ekathimerini.com/214487 #greece
Italy...
Dream outcome for Five-Star Movement and others.
#Italy - PM-designate Gentiloni expected to unveil list of ministers at around 5.30pm CET. New cabinet might be sworn in this evening.
State Intervention For Monte Dei Paschi Would Require Forced Conversion Of Bonds For Shares Italy - RTRS Source
Decree Would Be Necessary If State Must Intervene To Recapitalise Monte Dei Paschi - RTRS Source
ECB'S NOWOTNY SAYS, WHEN ASKED WHETHER WIND-DOWN IS AN OPTION FOR MONTE DEI PASCHI, THAT MUST PROCEED WITH CAUTION
ECB'S NOWOTNY SAYS WOULD ASSUME MONTE DEI PASCHI IS SYTEMICALLY RELEVANT BANK
Additional News From Around Europe......
100 year Belgium bond collapse hits 30% ....
The Local Germany @TheLocalGermany
Berliners offer thousands of euros to find suspect in brutal U-Bahn attack http://dlvr.it/MsWpYR
Now German Politicians Worried About "Striking Increase" In Russian Propaganda And Fake News http://www.zerohedge.com/news/2016-12-11/german-politicians-worried-about-striking-increase-russian-propaganda-and-fake-news …
Eleven men questioned over Nice terrorist attack http://dlvr.it/MsZwXy
US Political Updates.....
Rex Tillerson picked to lead the State Department....
As news leaks that Rex Tillerson is his secretary of state pick, Rick Perry is his energy secretary pick...
Secretary of State announcement due out Tuesday morning.....
well , so far we know it's not Rudy and now we read it might not be Romney either.
Don Jr and Eric will run Trump businesses, he says. Frees Ivanka to come to DC to do policy work....
Trump Said to Postpone Announcement on Future of His Businesses
Interesting.......
ODNI has refused to endorse CIA's assessment "because of a lack of conclusive evidence" that Moscow intended to boost Trump over HRC.
“It’s an outright lie,” a CIA analyst divulged to True Pundit. “There’s nothing definitive like that. There are leads from activity 1
Judge Wiley Daniel said that granting the motion to allow electors to vote against the popular vote "would undermine" the electoral process.
House Intelligence Committee will not start investigation on Russian hacking
Donald Trump wins Wisconsin recount; expands his lead by 131 votes:
http://hill.cm/p9EEOxX
Wisconsin and Pennsylvania officially called for Trump: http://thebea.st/2hmtid7
For perspective-as of Friday (95% of ballots recounted ) , net change for HRC over Trump during recount - 25 votes.
Conway defends Trump's secretary of State pick: He isn't "pounding down vodka" with Putin
http://hill.cm/PmTpbN1
Consistent with what was stated immediately after the election.
WHITE HOUSE BACKS REVIEW OF RUSSIA ELECTION INFLUENCE: EARNEST
This is probably going to backfire badly for Podesta and others pushing for an Electoral College revolt !
Gary Cohn is Trump’s top economic policy adviser.
Trump calls his story "inspiring," diagnosed with dyslexia at 7.
Democratic Sen Joe Manchin on way into Trump mtg: "I'm very anxious to have a good conversation."
On way out: "We had a good conversation."
SENATOR MCCAIN SAYS HE BACKS “ONE-CHINA” POLICY AND NO ONE SHOULD “LEAP TO CONCLUSIONS” THAT TRUMP WOULD ABANDON IT – REUTERS INTERVIEW
Trump's last mtg today is w @GovernorPerry, Energy sec frontrunner. On Nov 21, they talked homeland security & border control. Also met Sat.
"We talked about hacking whether it's Chinese hacking or purported Russian hacking," Fiorina said, per @ToluseO our elevator reporter today
Fiorina tells press at Trump Tower she and pres-elect talked about China as "a rising adversary." Also chance to "reset" U.S. role in world.
Fwiw - The ten Electors are comprised of 9 Democrats and 1 Republican. ...
China state media announces a redlines for US -China relations , as being One China Policy.
Pa Federal Court Judge denies Jill Stein's demand for a statewide recount.
McConnell rejects need for a Special Committee , Senate Intelligence Committee appropriate to take the lead.
FBI disputes CIA assertions that Russia sought to influence election 2016-as FBI relies on facts & tangible evidence
Russia hacked emails associated with the RNC: http://hill.cm/9xg7kyz
With reports of a failed attempt by hackers to breach RNC ( along with known DNC hack ) , bipartisan efforts a key.
SCOOP: Fmr New Mexico Congresswoman Heather Wilson is being considered as Trump's Director of National Intelligence & met w/ Trump staff.
#China warns Donald #Trump against using #Taiwan as bargaining chip in trade talks http://bloom.bg/2gr7qbM via @bpolitics #trade
JUST IN: Trump officially picks retired Gen. John Kelly to lead Homeland Security http://hill.cm/t98IW7S
Odds & Ends....
Syria.....
Syrians start celebrating regime victory in #Aleppo
http://www.haaretz.com/middle-east-news/syria/1.758513 …
Advances made by the Syrian Army and its allies as well as by the Kurdish YPG in the span of 1 month in east Aleppo
Looks like ISIS may have stirred a hornet's nest with Palmyra Op. Might catch a large portion of ISIS forces there.
Libya....
#Libya Army Central Oil Guard say #ISIS leader 'Qaqah al-Dernawi' killed by forces after escape from #Sirte
http://alwasat.ly/ar/news/libya/127162/ …
#Libya Italy expected to keep focus on Libya after foreign minister appointed PM
#Libya Libya updates
Ibrahim Dabbashi: Britain seeking to appoint a new UN envoy in #Libya to succeed Martin Kobler
http://alwasat.ly/ar/news/libya/127091/ …
#Libya Six month operation to defeat IS at Sirte cost Libyan forces 715 dead, 3250 wounded - spokesman.
Sirte finally gets a mayor - https://www.libyaherald.com/2016/12/12/sirte-finally-gets-a-mayor/ …
Sirte starts long haul back to normality; bank reopens - https://www.libyaherald.com/2016/12/11/sirte-starts-long-haul-back-to-normality-bank-reopens/ …
Bin Nayel arrives in Brak al-Shaati's airbase following #Misrata's 3rd force handover of the base to the LNA http://alwasat.ly/ar/news/libya/127100/ … #Libya
Ahmed Maiteeg (Pres. Council Deputy PM): #Libya's 2017 budget to be presented in 10 days
http://alwasat.ly/ar/news/libya/127077/ …
Egypt.....
If in fact correct, the possibility of #ISIS involvement is almost certain:
#Egypt- #BREAKING President Sisi announces 22 year old suicide bomber behind #Cairo Coptic church attack
http://english.ahram.org.eg/NewsContent/1/64/251913/Egypt/Politics-/BREAKING-ElSisi-announces--year-old-Muslim-suicide.aspx …
Turkey......
Turkey's response to the bombing attack: 235 detained over "spreading terror propaganda" on the social media.
Turkey's economy shrinks in the 3rd quarter, first time in 9 years
NOW: Turkey's international relationships continue to falter. @MahirZeynalov explains. http://wny.cc/bhmU3072IEC
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