Monday, May 29, 2017

Economic News , Data & Views.....May 29 , 2017.....Quick Hits For Monday Morning -1) UK- Round Up On Key News From The Political Scene In UK Or Touching Upon UK. 2) Italy - Renzi Hint Of Early Elections , Perhaps Timed To Coincide With Germany's Election In The Fall , Roils Italian Financial Markets. 3) Germany - Merkels NATO Comments Regarding US & UK , Bomb Threat In Berlin , Schulz Blasting Trump Over His Treatment Of Merkel , Brexit Lead News-Flow. 4) France - Macron - Putin Meeting At Versailles , Tough Talks Between The Two Foreseen , Additional News Of Note To Consider. 5) Greece - Creditors Talks & Uncertainty On Debt Relief Leave Greece In Limbo , Cyprus Talks In Focus , Death Of Constantine Mitsotakis Commented Upon By PM Tsipras & Greece President Pavlopoulos , Refugee News Of The Day. 6) US Political Round Up For Memorial Day Holiday Lull. 7) Odds & Ends - Philippines ISIS Battle Ongoing , Libya Updates , Russia- Arab League Meeting On Combatting Regional And Global Terror , Iraq Mosul & ISIS War Updates.


UK.....





Detectives arrested CEO of a Libyan marketplace website and raided more houses in an effort to close in on the Manchester bomber’s network.







Part of continuing series of reports on Brexit impacts...









Nicola Sturgeon suggests she would back Jeremy Corbyn to be PM in hung parliament






WATCH: Michael Fallon insists it was not a mistake to meet Bashar al-Assad






Unite launches anti-Tory ad campaign in North of England






EU wants UK to honour Turkey aid cash commitments. Cameron stumped up £300m - 2nd only to Germany - in renegotiation charm offensive.








ICYMI Polls show election race tightening but Tories still on course for victory






1 hour ago
Recap: Labour campaign chief admits cost of nationalisation plans 'has not been set out clearly'






Angela Merkel tells Germans: We can no longer 'completely depend' on Brexit UK





EU position papers out on residency rights and financial settlement



Italy....










ITALY BANK INDEX DOWN 2.95 PCT, SET FOR BIGGEST ONE DAY LOSS IN NEARLY 4 MONTHS





ITALY'S FTSE MIB HITS DAY'S LOW, DOWN MORE THAN 1.8 PCT





ITALY-GERMANY 10-YEAR GOVT BOND YIELD SPREAD HITS TWO-WEEK HIGH OF 184 BASIS POINTS, UP 8 BPS ON DAY





Former PM Renzi suggested May 28 that 's next election be held at the same time as 's, . More:





Germany....




GERMAN FINMIN SCHAEUBLE SAYS WE WILL NEED TO FIND A JOINT SOLUTION FOR VALUED ADDED TAX IN EUROPE





GERMAN FINMIN SCHAEUBLE SAYS GERMANY AND FRANCE WILL TRY AGAIN TO CREATE A JOINT FRAMEWORK FOR CORPORATE TAXATION





GERMAN FINMIN SCHAEUBLE SAYS ON POSSIBLE REMOVAL OF FLATRATE ON CAPITAL GAINS TAX WE CAN DO THAT FOR INTEREST BUT NOT FOR DIVIDENDS




GERMAN FINMIN SCHAEUBLE SAYS ON POSSIBLE REMOVAL OF FLATRATE ON CAPITAL GAINS TAX WE CAN DO THAT FOR INTEREST BUT NOT FOR DIVIDENDS





While headlines now of Merkel's election rally speech saying Germany cannot rely fully on US/UK, not a new theme.






Germany's Merkel after G7: We can no longer "completely depend" on America as a partner







“We Europeans must really take our fate into our own hands”







- Car "with wires" found. Bomb squad on scene.







Replying to 
- 1 kindergarten evacuated. Inhabitants are asked to move to the rear parts of buildings.







German Deputy Minister discusses Brexit Bill..









Schulz defends Merkel regarding Trump's alleged treatment of her.....








France's 2y risk spread over Germany shrinks following Merkel's 'Europe must fight for it's own destiny' speech. Signals more EU integration






France....




Macron sees himself as a realist. Wants to cooperate with Russia, but believes in frank dialogue, uncompromising. Let's see where this goes.







12 minutes ago
PUTIN SAYS AGREED W/ MACRON MAIN TASK IS FIGHT VS TERRORISM: BBG




FRENCH PRESIDENT MACRON SAYS WANTS TO STRENGTHEN ECONOMIC PARTNERSHIP WITH RUSSIA





VERSAILLES, France (AP) - Macron, after talks with Putin, says any use of chemical weapons in Syria will lead to "reprisals" from France.




- "As far as the french elections, we talked about it when pres putin called me to congratulate me, now we are moving ahead."





to at - Putin says re “meddling of Russia” in elections, we haven’t discussed that question ...





- Macron says raised many issues including some he won’t repeat in public…. But says able to make progress





- Macron: If you don’t have that dialogue you never go anywhere.





Emmanuel Macron welcomes Vladimir Putin to Versailles.







Macron and Putin hold face-to-face talks in splendour of Versailles








Macron and Putin meet today in France....











1 hour ago
French fuel tanker strike threatens stocks at petrol stations







Paris mayor wants to ban black feminist festival 'prohibited to whites'







PM emplanes for a four nation visit, to Germany, Spain, Russia and France, aimed at boosting economic ties with these nations.






Greece....




My ask is that everyone keep their side of the bargain, all institutions state their position on Greek debt at June 15 Eurogroup





Fin Min of Greece takes defiant stance - says Greece has done its part and expects debt relief in June.






No excuses for not getting this overall deal the Greek economy so desperately needs. Ball is very much in the court of creditors





Also, if EU really was on its own, implication would be having to show genuine leadership, which she's been reluctant to do in past







SCHAEUBLE: WON'T ACCEPT TO GROW +1% IN NEXT 40 YRS - BBG





Draghi says under which circumstances will participate in QE.1.full agreement 2. debt measures making debt sustainable through time






Eurogroup’s failed compromise leaves Greece in limbo




Debt talks and the cost of delays




UN: Cyprus still very close to deal despite halt in talks






Constantine Mitsotakis 'shaped' nation's modern history, Greek PM says






1 hour ago
390 migrants enter Greece by sea in past five days







Cuts leave hospitals at the mercy off robbers




Greek President hails legacy of ‘outstanding political leader’ Constantine Mitsotakis







Disruptions in train services due to three-day strike






US Politics....





1 hour ago
The violent attacks in Portland on Friday are unacceptable. The victims were standing up to hate and intolerance. Our prayers are w/ them.





Today we remember the men and women who made the ultimate sacrifice in serving. Thank you, God bless your families & God bless the USA!





I look forward to paying my respects to our brave men and women on this Memorial Day at Arlington National Cemetery later this morning.






North Korea has shown great disrespect for their neighbor, China, by shooting off yet another ballistic missile...but China is trying hard!







1 hour ago
Honoring the men and women who made the ultimate sacrifice in service to America. Home of the free, because of the brave. 🇺🇸





McConnell tempering expectations the Senate will pass an overhaul of healthcare system , promising his colleagues a vote but not success.







CBS News has confirmed that three leakers of classified information at the White House have been identified and are expected to be fired. 1






Replying to 
Trump administration officials view the recent high-profile leaks of classified information as "coordinated and timed." 2





Replying to 
Trump Admin view leaks of Mr. Trump's conversation w/ Russian For Min Lavrov as a "deliberate attempt" to damage the Trump presidency. 3









1 hour ago
Japanese Prime Minister Shinzo Abe - "Working with the United States, we will take specific action to deter North Korea."













1 hour ago
TRUMP MONDAY: --remarks at a wreath laying ceremony at Arlington National Cemetery for Memorial Day.








1 hour ago
John Kelly: Americans leaking high-level classified intel are committing treason














If potus is thinking of abandoning Kushner, his statement to NYT certainly shows the opposite



8th tweet of the day on this rainy Sunday in Washington. On health care.




Odds & Ends....



GCC Discord on display...



Qatar Emir's favorable remarks regarding Iran/Hezbollah/Hamas , while criticizing KSA-has fueled breach between Qatar & KSA/UAE/Egypt.







Iraq....





Replying to 
Nineveh & Anbar tribes contributed (and continue) in supporting the Iraqi sec forces to reach borders w/








Replying to 
Reaching the - border is the biggest achievement of the war on yet.






MILESTONE joint operations OFFICIALLY announce that have reached the - borderline for the first time sine 2014.






Arab League Meeting - Russia Participating In Parts Of Same...





foreign & defense ministers in meeting their counterparts. Fighting regionally AND globally top agenda.








for minister meeting League (22 member states) president in . Delegation in to discuss counter







in meeting League of states Sec Gen amidst reports launched new strikes on (both member states of League)







Very interesting exchange between Arab League Secretary General & reporter on Egypt strikes in Libya.







Syria....






US-backed rebels losing territory in east Syrian desert to regime. Rebels: US "not our partner" in fighting .








1 hour ago
INTERVIEW: US-backed rebels reopen border crossing between and . "Today, business is very good."









's Hashd Al-Shaabi reach borders, 2 days ago Abu Mahdi al-Muhandis warned backed militia may clash w the Americans in Tanf










Carnage at Raqqa: Dozens of civilians reported killed in Coalition/ SDF attacks on city in recent days. Much talk of indiscriminate action





Replying to 
2) Since Friday alone we've tracked 15 reported civcas events in/ near Raqqa. Groups like (which obtained pics) speak of massacres






Replying to  
3) With assault imminent, attacks escalating and civilians at extreme risk: bombed if they stay home, bombed or sniped if they try to flee







Unlike what was speculated recently, made no deal with . It is ISIS tactic 2pull out forces when caught








Replying to 
commander Amiri: Tomorrow, we will start clearing the Iraqi-Syrian border from Um Jaris towards al Qaim






Replying to 
sec chiefs agreed 2coordinate their move and cooperate to defeat in &







Libya....






LNA SPOX states LNA AF & Egyptian AF jointly targeting AQ locations in Libya.






Reports of serious power cuts in . This, at the most difficult time of the year. Hot summer weather and Ramadan fasting.





The HQs of Fatwa House, located in Dahra area of Tripoli, was attacked Sunday , the third attack of this kind during the past 2 months.




Replying to 
THIS-as per eyewitnesses-the assailants travelled in a car w/ emblem of Central Security Branch of Tripoli & they wore military uniforms.2






1 - A Bayda court in Eastern ruled that the appointment of Nadori as military Gov was invalid & all his decisions illegal.






2- This means that all military governors appointments by Nadori are invalid & municipal councils & mayors can return to work.






Change of tone - LNA spox Mesmari describes the GNA loyal forces in as "good national forces" following win over NS Gov.






An unprecedented anti-Qatar campaign, while its proxies in are experiencing major setbacks & losses.







Philippines...






Duterte vows to ignore Supreme Court.....one man gang on martial law.











Philippines President Calls On Separatists, Maoists Militant Groups To Fight ISIS In Marawi







Hundreds trapped in battle for Marawi, Philippines







flags raised in the Philippines, militants enter Marawi city in the Southern island of Mindanao, killing dozens (📷 AFP).







Philippines police check IDs of residents against images of "local terrorists" at a Iligan City checkpoint on southern island of of Mindanao









- Area around gate to Camp Crane, the national police HQ, sealed off. Suspicious package found.