Friday, May 12, 2017

Economic News , Data & Views.....May 12 , 2017.....Quick Hits for Friday -1) Markets : US Stock Indexes Have Another Mixed Day - Dow And S&P Down Modestly , Nasdaq Up A Tad ; Oil Basically Flat On The Day , Gold Up About $3.25 On the Day ; Bonds Have a Big Day After Weaker Than Expected US Economic Data. 2) Massive Global Hack Attack Today. 3) US Political Round Up : Comey / Russia Probe / Inane Items Of Day ; Non "Crazy Town " Political News. 3) Europe In Focus : Greece News For Friday ; G-7 In Focus ; French Political News ; European Financial Data & Bond Items ; Austria Political Items ; Additional News Of Note. 4) Odds & Ends - Libya News For Friday , State Of Play For West Mosul Campaign ( Iraq ) , Astana Peace Talks Set To Resume & Battlefield Reports ( Syria )



Markets....




US stocks end mixed. Nasdaq squeaks out a gain. Closes near highs.



Forexlive Americas FX news wrap: Slightly weaker US data/Report of ECB taper influences currencies



Key economic releases/events next week



Crude oil futures settle at $47.84 /BBL


Baker Hughes Oil Rigs 712, +9 on the week





Fierce "safer sovereign" bond rally today and it's not limited to just US Treasuries.









Core CPI misses ( as Retail Sales missed ) , slowest YoY increase since Sept 2015.








US Treasuries catch bid after broad based miss for Retail Sales data.







Hack Attack News....





Hack attack news...







Hackers Hit Dozens of Countries Exploiting Stolen N.S.A. Tool



Hack attack news...






Russia's Interior Ministry confirms that about 1,000 of its computers (less than 1% of all its machines) were infected with a virus today.




Really massive attack , check the map out...






1 hour ago
The ransomware virus has spread to Deutsche Bahn computers, appears on train station screens (via )






US Politics.... Comey / Russia Probe / Inane Items Of Day....







Sessions interviewing four candidates for permanent FBI director job on Saturday








: Justice Department requests Manafort's bank records in Trump Russia probe: report







Treasury Department will share financial info on Trump campaign and Russia with Senate probe













GOP lawmaker sides with Democrats to support independent Trump/Russia probe







Not a shocker...








Trump's Comey firing sets off fresh round of leaks







Comey declines to appear before Senate Intelligence committee next week








. to on WH briefings: " I actually said we shouldn’t have them."








He should rethink this...






1 hour ago
DEPUTY ATTORNEY GENERAL ROSENSTEIN SEES NO NEED FOR A SPECIAL PROSECUTOR AT THIS TIME FOR RUSSIA PROBE -CNN





In an already crazy week , Trump decides to take uncertainty in the present political climate , to the next level.






Again, the story that there was collusion between the Russians & Trump campaign was fabricated by Dems as an excuse for losing the election.






The Fake Media is working overtime today!






Other Political News...




Trump's Transportation chief to testify before Senate on infrastructure upgrades






China just agreed that the U.S. will be allowed to sell beef, and other major products, into China once again. This is REAL news!






US-China relationship on the mend , realization both must work in sync w/ common problem of N.K has belped.





Europe....





Ministry’s GDP forecast is reduced to 1.8 percent






Energy tops the agenda of Greek Prime Minister's visit to Beijing






Edging closer to Greek debt easing plan









We shall see..





G-7...




Heads of Delegation visit Matera, World Heritage Site and European Capital of Culture 2019.






US Treasury Sec Mnuchin met with German Minister of Finance Schauble to discuss further collaboration on shared economic interests







FLAGS RISKS OF EM SPILLOVERS FROM DOLLAR: U.S. OFFICIAL - BBG *G-7 FIN. CHIEFS FLAG BREXIT, EUROPE DEBT CONCERN: U.S. OFFICIAL








GERMAN G7 OFFICIAL SAYS THE ISSUE OF TRADE WILL BE MENTIONED IN THE G7 COMMUNIQUE CONTRARY TO PRIOR PLANS sell $$$$$$








FinMin Schäuble: was discussed on the side-lines of meeting, I expect a solution.






The in Bari starts with a Simposium on growth, fight against inequalities and regulation






France.....




Macron's party presents its candidates in the battle for France's parliament







Tony Blair tells new French president Macron what he needs to do






Merkel says France needs German-style renewal







Did Macron really win in France? You’ll know in June







Great piece on french politics regarding the National Assembly elections ( 2nd missive at linked post. )






European Data....




France Non-Farm Payrolls (QoQ) Q1 P: 0.30% (prev 0.40%)






Spain CPI (MoM) Apr: 1.0% (prev 0.0%) - CPI (YoY) Apr: 2.60% (prev 2.30%)





Eurozone Industrial Production (MoM) Mar: -0.10% (est 0.30%; prev -0.10%) -Industrial Production (YoY) Mar: 1.90% (est 2.30%; prev 1.40%)




ESM Dep Managing Dir: Fully Confident Greece Can Access Market At Least Before The End Of Programme In Mid-2018












2y risk spread over Germany keeps falling. Drops below 13bps after strong jobs data. French employment hits highest since fin cris.







Austria.....






1. Austrian Vice Chancellor and leader of the conservative ÖVP quit on Wednesday amid tensions in coalition government




Replying to 
2. Chancellor Christian Kern (SPÖ) offered to work in a "reform partnership" with the ÖVP in an effort to avoid early elections




Additional Items Touching On Europe..





German NGO Sea-watch asks for investigation about EU complicity into illegal returns of migrants to Libya

Odds & Ends....




Syria....





Breaking , SAA Tiger Forces liberate Al-Jarrah air base in eastern Aleppo CS








Replying to 
: Some more leads in de Mistura's presser yesterday. Two areas seeing progress in : detainees & de-mining, but no details -






Replying to 
: De Mistura here on context of talks. 1. Build on . 2. Short window b/c Ramadan. 3. 'More business-like type of approach'






Replying to 
: UN envoy de Mistura really stressing brief, technical nature of talks. Used 'business-like' five times in briefing yesterday






: Syrian peace talks in Switzerland set to start on Tuesday, expected to last 4 days. meeting in Riyadh today on talks -







Replying to 
and its allies have advanced +10 km from Zaza CP to Iraqı border






| liberated al- from . Heavy fighting around Mazra'at al-Ansar







Replying to 
: In Tabqa today, SDF commanders said they'd launch final push on Raqa in 'early summer' - 's story here:







(1) Advances today in east homs: NDF captured al-Mushirfah quarries in jabal al-shumariya Army captured al-Talila reserve south east palmyra








| The -backed expect to push on and capture the group's capital of Raqqa in this summer







Quick map update: liberated Khirbat al-Khan from , getting closer to the northern sector of city








Libya....





pt Pic showing armed vehicles and BM-21 GRAD in Tripoli near Abu Salim / Zoo areas. Acc.to witnesses tanks are deployed near Ghneiwa HQ.






Replying to 
Some militias from Misrata have published messages regarding those ones loyal to GNA, calling to retake their lost territories in Tripoli.





Clashes in capital trigger fears fresh fighting betweem Misratan and Tripoli militias -







Protest in Tobruk calling for return of the monarchy in







A series of rockets hit Ghneiwa militia headquarters near Abu Salim in Tripoli. Tensions in the city since few days with Misrata militias.







MP's from eastern meet with Fayez Serraj








federalists defy Dignity Operation protest ban and march in Kiesh Square on Friday to call autonomy









Tripoli suffers fresh power outages as temperatures soar -




A protest against Libyan political agreement held in today. Chief of Misrata Military Council Brig. Ibrahim Bin Rajab took part.








Fire broke out in the control tower of Ghat International Airport Thursday causing material damage








Tripoli University staff member kidnapped -




Former Gaddafi prime minister Abdul Majid al-Qaʿud was released from Hadba Prison in on Thursday








Pres. Council warns of entering a new violent spiral, calls for diplomacy.












Iraq.....





During today's operations in west captured communication radio tower & defused a car bomb.









joint operations officially announce Aslah Al-Zaraae 2 ( ENTIRE) district west completely liberated.







joint operations officially announce The ENTIRE Haramat district west completely liberated.








are ripping apart. Joint Operations announce Hayat, Tal Hasaynat and Mahdi Mahal villages completely liberated west








Joint Operations announce the following villages in west liberated by . Sadkhan Sabyia Haroosh Abu Lahaf