Economic data due from Asia today
PBOC sets the TGIF USD/CNY mid-point at 6.9463 (vs. yesterday at 6.9435)
WARNING: Shanghai tells kids, elderly to stay indoors. Air pollution spikes to 2nd worst level on the nasty scale. Chart is a similar gauge
US stocks are ending in the red for the day
DOW JONES UNOFFICIALLY CLOSES DOWN 23.01 POINTS, OR 0.12 PERCENT, AT 19,918.95
NASDAQ UNOFFICIALLY CLOSES DOWN 24.40 POINTS, OR 0.45 PERCENT, AT 5,447.03
S&P 500 UNOFFICIALLY CLOSES DOWN 4.32 POINTS, OR 0.19 PERCENT, AT 2,260.86
US WTI crude oil futures settle at $52.95 per barrel
*AL-FALIH EXPECTS OIL PRICES TO BE BALANCED BETWEEN $50 AND $100 (oh my). BBG. #OOTT
Minor loses for European equities at the close
Deutsche Bank agrees on settlement with DoJ on RMBS; to pay penalty of USD 3.1bln and provide USD 4.1bln of consumer relief in US
DEUTSCHE BANK AGREES TO PAY $3.1B CIVIL PENALTY WITH DOJ: BBG
*U.S. SUES BARCLAYS OVER RESIDENTIAL MORTGAGE BACKED SECURITIES
We have a nationalization MONTE PASCHI WILL ASK ITALY FOR PRECAUTIONARY CAP INCREASE
Monte Paschi confirms they are to request state aid --RTRS
While Cabinet approves decree for state aid to various ailing Italian banks including MPS , none of the crucial details made public yet.
Italian cabinet meeting underway to discuss rescue plan for Monte Dei Paschi
MPS reported as asking for state aid.
MPS officially states capital raising efforts failed. At this point , next step is nationalization.
*MONTE PASCHI SAYS FAILED TO RAISE SUFFICIENT FUNDS ON MARKET *MONTE PASCHI: NO INTEREST FROM ANCHOR INVESTORS
Monte dei Paschi shares close at new record low as state bailout looms https://www.theguardian.com/business/live/2016/dec/22/italys-monte-dei-paschi-bailout-rescue-bid-business-live …
Bondholders will probably have to take losses under European burden-sharing rules , the specific terms of "bail in" still not formalized.
EU HAS APPROVED ITALY BANKS DECREE: OFFICIAL
ITALY TO COVER FUNDS MISSING IN PASCHI RECAP: OFFICIAL
2017 looks like a replay of 2015.....
Abdication of responsibility by various parties...
BREAKING: German broadcaster RBB reports CCTV footage shows Berlin attack suspect Anis Amri visited a Berlin Mosque before and after attack
Dashcam video shows truck rushing towards Berlin Christmas market http://financefollow.com/2016/12/dashcam-video-shows-truck-rushing-towards-berlin-christmas-market/ … Dashcam video obtained exclusively by
German citizens become more concerned & Merkel's immigration policies face scorn-how does this get blamed on Putin ?
After stabbed and beaten, Polish driver still tried to grab the wheel to stop Berlin Christmas massacre http://www.dailymail.co.uk/news/article-4054236/Polish-driver-hijacked-lorry-ALIVE-ISIS-killer-sped-Christmas-market-crowds-tried-grab-wheel-shot-head.html …
Warming relations with Russia perhaps , but relations with China are going to be a hard and tough slog...
Scarborough: "Political landscape looks grim" for Dems http://hill.cm/7lVmVVi
Trump team asks State Dept for names of staffers working on gender equality programs: http://hill.cm/DXSYXSn
TRUMP TRANSITION TEAM SAYS RNC'S SEAN SPICER TO SERVE AS WHITE HOUSE SPOKESMAN
Newt's mouth flew open regarding Trump not wanting to drain the swamp. And a video from #GatorGingrich followed..
Someone incorrectly stated that the phrase "DRAIN THE SWAMP" was no longer being used by me. Actually, we will always be trying to DTS.
Team Trump really likes Heitkamp, a Dem from ND, and eyed her for more than one cabinet post.
Trump in statement calls for veto of UN resolution on Israel. "Puts Israel in a very poor negotiating position and is extremely unfair."
Kellyanne Conway's new title is counselor to the president, Trump statement says. She'll "message and execute...legislative priorities."
Actually Democrats want someone not named HRC , Biden Sanders , Liz Warren or Dev Patrick !
Odds & Ends......
Turkey seizes assets of 53 journalists (listed below), including my colleague Zeki Onal, who died in August.
54 journalists have their assets seized -outrageous !
At least 16 Turkish soldiers were killed in Syria in ISIS attack. Total 35 killed since invasion began.
Fire work and gun fire in the sky of #Aleppo now, while the last convoys from Fua and Kfarya enter Aleppo with civilians.
34,000 people have been evacuated from East Aleppo since start of operation - ICRC
Looks like a big wave of fighters left E Aleppo overnight....
It seems quite logical for Idlib to become the focus next-it's where the vast number of forces( non-ISIS ) opposed to the Gov't are located.
Overview of Russian campaign in Syria - this is for the period subsequent to the Russian jet being downed by Turkey.
SDF slowly closing in on Raqqa....
Serraj in Ghat looking at town's problems - https://www.libyaherald.com/2016/12/21/serraj-in-ghat-looking-at-towns-problems/ …
The east suffers two major power cuts in 36 hours - https://www.libyaherald.com/2016/12/21/the-east-suffers-two-major-power-cuts-in-36-hours/ …
#Libya map: Heightened threat against operations at western region with both inter-militia escalation and terrorist attack a possibility
Our map of Libya's oil installations with the right colors.NB:"control" is tricky word in Libya.For full Quick Guide http://bit.ly/2hJamWg
Indian stocks on track for longest streak of losses in 21 months - 7 days.
Philippine stocks worst-performer today Index cuts thru 6,600 like a knife through butter. Bond explosion also reported in country's south