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...
The ransomware virus has spread to Deutsche Bahn computers, appears on train station screens (via @Nick_Lange_ )
US Politics.... Comey / Russia Probe / Inane Items Of Day....
Sessions interviewing four candidates for permanent FBI director job on Saturday http://hill.cm/rIgPpJW
Treasury Department will share financial info on Trump campaign and Russia with Senate probe http://hill.cm/cjymMdC
GOP lawmaker sides with Democrats to support independent Trump/Russia probe http://hill.cm/1y0ocLa
Not a shocker...
Trump's Comey firing sets off fresh round of leaks http://hill.cm/Aj35MbU
Comey declines to appear before Senate Intelligence committee next week http://hill.cm/KJ75CNR
He should rethink this...
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 http://hill.cm/ddhh0cn
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.
Ministry’s GDP forecast is reduced to 1.8 percent http://dlvr.it/P7P7zj
Energy tops the agenda of Greek Prime Minister's visit to Beijing http://dlvr.it/P7P7ml
Edging closer to Greek debt easing plan http://dlvr.it/P7P7Zs
We shall see..
US Treasury Sec Mnuchin met with German Minister of Finance Schauble to discuss further collaboration on shared economic interests #G7
#G7 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 $$$$$$
Macron's party presents its candidates in the battle for France's parliament https://bloom.bg/2psEdGQ
Tony Blair tells new French president Macron what he needs to do http://dlvr.it/P7Hp50
Merkel says France needs German-style renewal https://bloom.bg/2psfPVV
Did Macron really win in France? You’ll know in June https://bloom.bg/2qdbJhy
Great piece on french politics regarding the National Assembly elections ( 2nd missive at linked post. )
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
In historical standards, 10y Bunds should yld 4%, 10x curr level BUT #Italy's debt pile implies 2% ceiling for Bunds https://www.breakingviews.com/considered-view/german-bonds-are-caught-between-mario-and-macron/?SID=577fdc3ae9328bc7748b4f9d&h=6a831c14cc96e33da3abd5763c97a62d&utm_source=Sailthru&utm_medium=email&utm_campaign=France%E2%80%99s%20pushy%20bosses%2C%20Macron%2C%20Uber%2C%20German%20bonds%2C%20Richemont%20Fri%2C%2012%20May%202017%2009:32%20lproud&utm_term=BV%20-%20Eikon …
#France 2y risk spread over Germany keeps falling. Drops below 13bps after strong jobs data. French employment hits highest since fin cris.
1. Austrian Vice Chancellor and leader of the conservative ÖVP quit on Wednesday amid tensions in coalition government
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....
Breaking , SAA Tiger Forces liberate Al-Jarrah air base in eastern Aleppo CS
#RAQA: In Tabqa today, SDF commanders said they'd launch final push on Raqa in 'early summer' - @AFP's story here: https://au.news.yahoo.com/world/a/35486142/us-backed-forces-prepare-for-final-push-on-is-held-raqa/ …
(1) Advances today in east homs: NDF captured al-Mushirfah quarries in jabal al-shumariya Army captured al-Talila reserve south east palmyra
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.
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 - https://www.libyaherald.com/2017/05/12/clashes-in-capital-trigger-fears-fresh-fighting-betweem-misratan-and-tripoli-militias/ …
A series of rockets hit Ghneiwa militia headquarters near Abu Salim in Tripoli. Tensions in the city since few days with Misrata militias.
#Benghazi 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 #Misrata 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 #Tripoli on Thursday
Misratan MPs slam Siala's Hafter remark - https://www.libyaherald.com/2017/05/11/misratan-mps-slam-sialas-hafter-remark/ …