Markets.....
Asia.....
Economic calendar in Asia today ... we get a bonus Fed speaker (actually 2)!
One for the China stock traders - MSCI decision on A-shares due June 20
US.....
US stocks end the session with decent gains
Forexlive America FX news wrap: Dollar mixed (except against the NZD) http://news.forexlive.com/!/forexlive-nth-american-fx-news-22-may-20170522 …
Brent Crude Futures Settle At $53.87/Bbl, Up $0.26 #OOTT
*IRAQ PM GAVE OIL MINISTER PERMISSION FOR 9 MOS EXTENSION: FALIH: BBG
Additional Items Of Interest From Financial Sphere...
#Bitcoin just hits $2200, up now almost 10% on the day!
US Politics....
If correct , Flynn's problems are deeper than previously known..
Manafort & Stone turn over at least some of requested documents , Flynn to plead 5th , Page hasn't complied yet.
Not surprised that Flynn is not just declining to cooperate w/ Senate Intel Committee subpoena-but also taking 5th.
First on CNN: Mueller has been briefed on some of Comey's memos regarding his conversations with President Trump. http://cnn.it/2qQctcz
Comey Hearing Delayed...not a shocker...
Spoke with Comey. He wants to speak with Special Counsel prior to public testimony. Hearing Wed postponed. @GOPoversight
NEW: James Comey will consult with special counsel Robert Mueller before testifying at Senate Intel Committee, aide confirms to @AliABCNews.
Highlights from first day in Israel. 1
Trump visit to Israel highlights.2
Trump hardened stance wins approval from Prime Minister Netanyahu. Highlight 3
President and First Lady visit Western Wall...
Pres Trump and Melania at the Church of the Holy Sepulchre
Delay sought is for ninety days , subsidy payments to continue during period of delay.
Turkey is complaining about protesters faces injuring fists and feet of Erdogan bodyguards apparently. ..
While subject to "Swampland" & media speculation-both Bannon & Priebus returns to DC stated as being "pre-planned."
Greece...
( Much More On Greece Today At Twitter T.L )
Translation - disbursement will be made in time for July loan payments due to ECB and IMF.
Euro Zone Holds Off Releasing New Funds To Greece For Now, No Deal On Debt Relief -Diplomats
No deal on debt for now , prior actions focus between present and June meeting.
A surprise ending - no deal , see everyone come June !
Contrast between first and second draft noted for primary surplus. But note endpoint of 2060 ! 43 more years..
IMF research: We can’t accurately forecast #Greece GDP growth 2 years out.
#Eurogroup: we can predict Greek surpluses 43 years from now.
Under 500 euros per month for 1.2 mln pensioners http://dlvr.it/PCfMZB
Savvidis acquires stake in Mega TV as ND cries foul http://dlvr.it/PCfMB3
Dijsselbloem echoes Schauble in declaring no debt relief for Greece before end of current program (June 2018.)
Ground Hog Day for Greece...
After vote on measures, which way next? http://www.ekathimerini.com/218597 #Greece
Macron tells Tsipras France hopes to ease Greek debt http://dlvr.it/PCR7RB
Germany’s Schaeuble pushes back in Greece debt relief row http://dlvr.it/PCRl1H
UK....
BBC reporting at least 20 dead in Manchester Arena (UK) explosion
UK EXPLOSION
- At Manchester arena
- During Ariana Grande show
- Many confirmed dead
Explosion at Manchester Arena was NOT a balloon explosion. Actual explosion with several dead !
Blast was so strong at Manchester Arena people could feel it hit them in the chest.
UK, ICM poll:
CON-ECR: 47% ↓
LAB-S&D: 33% ↑
LDEM-ALDE: 9%
UKIP-EFDD: 4% ↓
SNP-G/EFA: 4%
Greens-G/EFA: 2% ↓
PC-G/EFA: 0%
#GE2017
Tuesday's @Telegraph front page #tomorrowspaperstoday
WATCH: Brillo Hammers May on Honesty | No Answer on Social Care, NHS, Immigration | Full Interview Highlights >> https://order-order.com/2017/05/22/brillo-hammers-may-on-honesty/ …
The U-turn is coming across well on BBC1 10 O'clock news. Folk will interpret it as TMay fixing the problem/addressing their worries.
Race between Conservatives and Labour tightens !
Rattled UK PM May forced into 'dementia tax' U-turn after poll lead halves http://reut.rs/2qanp3B
Theresa May got through that on what she will hope is the worst day by far of this Election campaign. But boy do the Tories need to regroup
Worth remembering Corbyn will be subjected to the same forensic examination by @afneil and I suspect it will be equally painful experience
By 2025 all countries remaining in the EU must adopt the Euro, maybe a EU budget aka EU tax. via FAZ (German) http://bit.ly/2rIqf13
Introducing a week-long @ConHome series on what WTO would mean
Spain....
Spain, Invymark poll:
PP-EPP: 32% ↓
PSOE-S&D: 22% ↑
UP-LEFT: 21%
C's-ALDE: 14% ↑
#Sondeo
Spain becoming a focal point in Europe once again...
Catalan President Raises Stakes in His Push for Independence
Rajoy cannot call an early election at the moment because Podemos has tabled a motion of no confidence.
EDITORIAL: The Rebirth Of Pedro Sánchez & The Risk For Rajoy
FULL STORY: Podemos Offers New PSOE Parliamentary Olive Branch As Rajoy Rejects Early General Election In Spain https://www.thespainreport.com/articles/1046-170522143410-podemos-offers-new-psoe-parliamentary-olive-branch-as-rajoy-rejects-early-general-election-in-spain …
PSOE + different versions of Podemos = 156 MPs, so they'd need 20 from other parties for a joint motion of no confidence in Rajoy to work.
FULL STORY: Pedro Sánchez Elected New PSOE Leader. El País Compares His Victory To Brexit, Trump, Corbyn.
https://www.thespainreport.com/articles/1043-170521214040-pedro-sanchez-elected-new-psoe-leader …
Odds & Ends....
Tunisia....
Update on clashes today between security forces and protesters -one person dead , 300 sent to the Hospital !
Ominous news from Tunisia...
Libya...
Brak massacre a “war crime” by terrorists that sabotages reconciliation efforts, says Majbri https://www.libyaherald.com/2017/05/22/brak-massacre-a-war-crime-by-terrorists-that-sabotages-reconciliation-efforts-says-majbri/ … via @libyaherald
NSG blames PC for current crisis in South Libya..
Key interview to Haftar in Egypt's Al Ahram where he outlines his proposals to Serraj. See thread below
Gen Waldhauser: Creation of joint CT force of both backers of GNA & Haftar could be “a positive step frwrd to bring 2 #Libya sides together”
Iraq....
ERD has recaptured Mosul Hotel, 3d Bridge and they are very close to recapturing Ibn Sina, and Juhuri Hospitals.
North Korea....
North Korea denies role in WannaCry malware http://thehill.com/policy/cybersecurity/334270-north-korea-denies-role-in-wanna-cry#.WSNgcFk76aM.twitter …
North Korea Denies Link To WannaCry Ransomware Attack https://hotforsecurity.bitdefender.com/blog/north-korea-denies-link-to-wannacry-ransomware-attack-18070.html …
UPDATE: U.N. Security Council condemns North Korea's latest ballistic missile launch, expresses concern at 'provocative defiance'
U.N.'s North Korea sanctions monitors hit by 'sustained' cyber attack http://reut.rs/2qagcRn
North Korea says its missile is ready for mass production: http://reut.rs/2rLhPVV
North Korea: New missile an "answer" to Trump's policies http://hill.cm/J0As7hu
The WannaCry ransomware has mysterious ties to North Korea https://www.theverge.com/2017/5/15/15643226/wannacry-ransomware-north-korea-attribution-wannacrypt?utm_campaign=theverge&utm_content=chorus&utm_medium=social&utm_source=twitter …
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