Friday, June 16, 2017

Economic News , Data & Views.....June 16 , 2017 ....Quick Hits For Friday -1) Markets : US - Mixed Markets For US Indexes , Dow & S&P Up A Tad , Nasdaq Continues Its Slump ; Oil & Gold End The Week Moderately Higher , US Treasury Yields Decline Today ; Long Week Comes To An End. 2) US Politics : US Fitzgerald Collides With Merchant Marine Vessel , Multiple US Sailors Injured ; Congressional Baseball Practice Shootings - Update On House Majority Whip Scalise's Condition , Further Info On Shooter ; Investigation Updates ( Congressional & Mueller Probes ) ; Alex Jones Turns Table On Megyn Kelly Ambush Interview Attempt ; Repeal & Replace Updates ; Blowback From Europe Regarding US Sanctions On Russia. 3) UK - Outcry & Outrage Grows Over Grenfell Tragedy , News From Political Realm Today. 4) Europe In Focus - Italian Banks In Focus Monte Paschi And Veneto Banks Rescue Floundering ) ; Helmut Kohl Passes Away ; Greece- Creditor Deal Not Finalized Yet - A Snag Exists : UK-EU Talks To Commence As Scheduled ; Merkel Flags Concern On New US Sanctions Impacting Europe's Businesses ; Additional Items Of Note. 6) MENA Updates - Gulf Crisis ( Qatar vs KSA/UAE/Bahrain & Egypt ) , Syria , Iraq & Libya In focus.



Markets.....




US...




US stocks end the session mixed/little changed





Forexlive Americas FX news wrap: Weaker US data, Amazon, the focus



US crude oil settles at $44.74



Baker Hughes US Rig Count 16-Jun: 933 (prev 927) - Rotary Gas Rigs 16-Jun: 186 (prev 185) - Rotary Oil Rigs 16-Jun: 747 (prev 741)







US Politics.....




JUST IN: USS Fitzgerald, merchant vessel collide southwest of Yokosuka, Japan; US has requested Japanese Coast Guard assistance -





Replying to  


UPDATE: "Significant" damage to USS Fitzgerald after collision with ship off Japan, US Defense official says.





Replying to  
JUST IN: Multiple US sailors are injured after USS Fitzgerald and merchant ship collide off Japan, US Navy official says -





Once again , kudos to the Capitol Police officers. The more that info is released , the gravity of threat increases.





"If Rod Rosenstein recuses himself, Robert Mueller may be next"







Embarrassing. ..









Alex Jones Gets Jump On Megyn Kelly - Leaks Recordings "To Set The Record Straight"






GOP Senate leaders aim to bring health-care legislation to the floor by end of June



JUST IN: Doctor: Rep. Scalise remains in critical condition, but his internal bleeding is under control and vital signs have stabilized.





Replying to 
Doctor: Rep. Scalise "was in critical condition with an imminent risk of death" when he arrived, but doing better now.






A Source Close To Trump's Outside Counsel: Trump Was Not Confirming FBI Investigation Of Him For Firing Comey - RTRS





Source Close To Trump's Outside Counsel: Trump’s Tweet Referred To Washington Post Story Based On Leaks - RTRS






Cuba Policy Fact sheet..









Hmmm , if sanctions hit european firms involved in Nordstrom 2 , countermeasures may be taken.







Megyn Kelly really off to a rocky start for NBC News...









Interesting. ..










After 7 months of investigations & committee hearings about my "collusion with the Russians," nobody has been able to show any proof. Sad!








Statement from Rod Rosenstein: Don’t believe anonymously sourced reports about what’s being investigated




It's never dull...







UK




It's a very powerful symbol that something is amiss. But the issue goes beyond superficial politics..






Boris Johnson accuses Labour of ‘outrageous politicking’ over Grenfell Tower fire -







Philip Hammond calls for jobs and growth to be priorities in fresh soft Brexit hint -






Real bad look..








Queen visits with Grenfell Tower fire survivors....









Myth busting by Sadiq. ..





Going to be hell to pay...







IF N. IRELAND'S DUP DOES A DEAL WITH UK PM MAY'S CONSERVATIVES IT WILL BE START OF NEXT WEEK AT THE EARLIEST - DUP SOURCE






We agree with Andrew Duff: UK elections have greatly increased chances of an Article 50 agreement.






Death toll from Grenfell Tower fire at thirty , very like to rise.






Europe....





Frightening assessment made by Europol...






RTRS - FORTRESS, ELLIOTT HAVE DROPPED OUT OF TALKS TO BUY MONTE DEI PASCHI'S BAD LOANS - SOURCES




BAILOUT FUND ATLANTE ASSESSING WHETHER TO CONTINUE NEGOTIATIONS AS SOLE BUYER - SOURCES more bail ins coming in Europe





Boom !






Former German chancellor Helmut Kohl (chancellor of German unity) has died, Bild reports.






Hadn't seen any mention of this being an ongoing issue before this morning....






GERMAN GOVT SPOKESMAN SAYS EU 27 ARE READY FOR BREXIT NEGOTIATIONS AND GERMANY EXPECTS THEM TO START AS PLANNED





GERMAN GOVT SPOKESMAN SAYS MERKEL IS CONCERNED AT NEW U.S. SANCTIONS ON RUSSIA WHICH COULD LEAD TO FINES ON EUROPEAN FIRMS





says some EZ countries have to accept prolonged period of 2%+ inflation. Between 1999 and 2008 's inflation was never 2% or less.






Bund rout continues. 's 2y yields jump to highest since November, but still deeply in negative territory at -0.64%.






MENA....




Iraq...





Street by street. House by house. Nitty gritty stage of extracting ISIS deadenders.







100,000 civilians held by ISIS in Old City as 'human shields', UN says cited by








map update. Green= completely liberated. Orange= frontline clashes. White= control.






Syria....





Wonder if Saudis will become more visibly active in Syria now -especially with Turkey's intervention re : Qatar ?







leadership closer and closer to the Gulf Salafi Wahhabi







Today there are still around 100.000 civilians caught in old city and used by as human shield.






Russia trying to determine if a May airstrike killed ISIS leader al-Baghdadi !








US and coalition forces blitz Raqqa with 187 airstrikes in first week of operations





Libya....





Libyan Muslim Brotherhood calls for leaders of Islamic countries to intervene to solve rift b/w & the Gulf






UN Experts: Continued division of the Central Bank exhausts Libyan citizens & increases debt burden






U.S. Embassy rep looks at security measures on - border, says part of process for return to Tripoli





















NOC expects output to reach 900,000 bpd within a few days, 1 mbpd by the end of July (PVM)






Gulf Crisis..





Saudis say list of grievances being drawn up for presentation to Qatar...







Accusations & counteraccusations abound ....






  Retweeted
Replying to 
💥 Turkish FM arrives in Jeddah, for talks with King Salman. "






President Erdogan gives wide-ranging remarks touching on Gulf Crisis , Iran expanionism , state of play-Syria&Iraq.









On : Doha warns UN that Saudis, Bahranis and Emirates in Qatar are being unfairly targeted by the crisis







Something to keep in mind while reading articles from various sources.