Markets.....
Europe....
European stocks up for the third day this week
Investors willing to pay #Portugal more & more for the privilege of holding their money. Lisbon sold 1y paper at record low yield of -0.29%.
#Italy bonds rally as #ECB's Draghi will not deliver fresh policy steer at Jackson Hole. https://reut.rs/2vDqAGl
ECB's Draghi Will Not Deliver Fresh Policy Message At Jackson Hole; Wants To Hold Off On Debate Until Autumn – RTRS Sources
ECB Spokesman: Draghi Speech Will Focus On Conference Theme Of Fostering A Dynamic Global Economy - RTRS
Netherlands GDP (Q/Q) Q2 P: 1.50% (est 0.60%; prev 0.40%)
-GDP Constant Price NSA (Y/Y) Q2 P: 3.30% (est 2.30%; prev 3.20%)
Italy GDP WDA (Q/Q) Q2 P: 0.40% (est 0.40%; prev 0.40%)
-GDP WDA (Y/Y) Q2 P: 1.50% (est 1.40%; prev 1.20%)
US....
US stocks end the day with gains
WTI Futures Settle At $46.78/Bbl, Down $0.77 #OOTT
FOMC Minutes: Several Officials Saw Sub-2% Inflation For Longer Than Expected
FOMC Minutes: Several Officials Say Fiscal Policy Uncertainty Is Damping Investment
FOMC Minutes: Some Officials Argue For Patience On Inflation, Concerned By Weak Inflation
FOMC Minutes: Most Officials Support Balance Sheet Move At `An Upcoming Meeting' https://www.federalreserve.gov/monetarypolicy/fomcminutes20170726.htm …
FOMC Minutes: Most Officials See Inflation Pick-Up Over ‘Next Couple Years’
FOMC meeting minutes. Most Fed officials backed B/S move at upcoming meeting
DOE crude oil inventories -8945K vs -3382K estimate
US stocks trades higher in quiet trading
US building permits for July 1223K vs. 1250K estimate
Asia....
Economic data due from Asia today - Aussie jobs report
New Zealand - Q2 PPIs for Output 1.3% q/q (prior 1.4%) & Input 1.4% q/q (prior 0.8%)
Base metals flying - zinc +5.4%, lead +5.7%, nickel +4%, copper +2.4%. Iron ore futures - +2.1%. Vale US - +3.3%, Freeport +5.7%, teck +6%
Japan press today on the potential for a snap general election
Australian jobs report (July) coming up - preview
Japan trade balance due today - preview
US Politics......
Swampland News.....
Bannon speaks http://prospect.org/article/steve-bannon-unrepentant …
Pence ending international trip early amid Trump Charlottesville backlash http://hill.cm/PWRYhfn
As anticipated last night , CEOs continued their exodus from the President's Manufacturing Council!
Your fired. Trump disbands the manufacturing council
Strategic and policy forum:Intolerance, racism and violence have absolutely no place in this country
US Pres. Trump’s strategy and policy Council is on the verge of disbanded
Not a shocker and probably not the only one..
3M CEO Thulin resigns from Trump manufacturing advisory council.
Healthcare....
JUST IN: Trump will make crucial ObamaCare payments this month http://hill.cm/exxyzyC
If you're wondering what hurts Trump with his base: health care yes, Charlottesville no. (Most recent datapoint is Aug. 13-15.)
North Korea....
Kim made “a very wise and well reasoned decision,” says …
State Department release on tomorrow's US-#Japan 2+2 meeting of top defense/diplomatic officials.
Russian expert says North Korea takes first step to finding compromise with US
http://tass.com/world/960659
US, Japan conduct air drills amid North Korea standoff http://hill.cm/n1e7phM
Morning re-up: #NorthKorea's New High-Performance Missile Engines Likely Weren't Made in Russia or Ukraine
NAFTA Talks...
This will be interesting to see how this plays out
Mexico Economy Minister: NAFTA is a terrific success, admits modernization without putting at risk what was achieved
Freeland suggests not a ton happened today, just "launch": "At the moment we are not yet in the weeds. That applies to every single issue."
Freeland says Canada is not in favour of a US content requirement (or any national content requirements) on goods as Lighthizer floated
Freeland says trade negotiations "can include moments of excitement" when asked about Lighthizer's tough talk this morning
Freeland says "it's not up to Canada to choose the government of the United States" in response to question on how we can deal with Trump
UK....
More than 100 MPs call for action over ‘Nazi-like language’ in Sun column:
Sarah Champion resigns over Sun article claiming Britain has 'problem' with Pakistani men raping white girls
Next phase of Brexit talks between UK and EU likely delayed to December
Government faces Brexit backlash over Ireland 'no hard border' pledge
Recap | WATCH: Labour shadow minister fails FIVE times to set out party's customs union policy:
Theresa May under pressure to cancel Donald Trump state visit over Nazi row
EU repeats first Brexit priority is to make sufficient progress on UK withdrawal
UK's May says Britain may still want to help fund specific EU programmes after Brexit http://news.forexlive.com/!/uks-may-says-britain-may-still-want-to-help-fund-specific-eu-programmes-20170816 …
France.....
Fancy that
Who'da thunk it?
I'm shocked SHOCKED....
Etcetera.
France provides toilets and taps for Calais migrants http://dlvr.it/PfThZw
Drone makes mysterious delivery to French prison http://dlvr.it/PfTLZM
Germany....
Merkel opens up in interview with German YouTubers http://dlvr.it/PfV28Z
State authorities warn that letter ordering silence on refugee crimes is a fake http://dlvr.it/PfTgdT
Turkey asks Berlin to look into sightings of 'top coup fugitive' http://dlvr.it/PfSdQy
GMS Poll: German Chancellor Merkel’s Conservatives At 40% Support Vs Social Democrats 22%
Odds & Ends....
Iraq....
Well , this hasn't press here in the West ( just saw this news today ) , but apparently something is rotten in Basra , Iraq !
#Iraq #oil city governor quits, travels to #Iran after #corruption investigation
#Basra #OPEC #OOTT #gas
https://reut.rs/2vA5yZ9
#Iraq : Trouble in beautiful, oil-rich #Basra - governor flees to Iran amid #corruption probe https://www.alaraby.co.uk/english/news/2017/8/13/iraq-governor-flees-to-iran-amid-growing-corruption-scandale …
Resigned Governor of #Basra banned from travel due to pending corruption investigations http://www.alsumaria.tv/news/212560/alsumaria-news/ar …
Iraqi Army Launches Operation to Liberate Tal Afar from ISISrn
Why is Tal Afar Liberation Significant?
http://alwaght.com/en/news/107035
#Iraq
#TalAfarOperation
#ISIS
#Mosul
#Turkey
Libya....
Tunisian army captures seven fuel smugglers in Libyan border firefight - https://www.libyaherald.com/2017/08/16/tunisian-army-captures-seven-fuel-smugglers-in-libyan-border-firefight/ …
A total of 130 soldiers killed and 218 wounded due to mines in the Sabri and downtown areas of #Benghazi. #Libya
http://www.alwasat.ly/ar/news/libya/150275/ …
Serraj reacts angrily to Bunyan Marsous Qatar visit - https://www.libyaherald.com/2017/08/16/serraj-reacts-angrily-to-bunyan-marsous-qatar-visit/ …
Medical aid from #Italy arrives at Sabratha teaching hospital. #Libya
http://www.alwasat.ly/ar/news/libya/150311/ …
#Misrata Municipal Council denies any connection w/ Bunyan Marsous delegation visit to #Qatar. #Libya
http://www.alwasat.ly/ar/news/libya/150298/ …
Powerplant in Tarhuna collapses due to electricity overloads. #Libya
http://www.alwasat.ly/ar/news/libya/150219/ …
Gulf Rift.....
Doesn't look like the US plans to leave anytime soon...
So , Crown Prince MBS met with Qatari dissident to undercut Qatar's Emir !
Welp ....
Milaha launches direct container service between Qatar and Kuwait
#HamadPort #Cargo http://www.gulf-times.com/story/560471
In 2014, the GCC collectively spent $113bn on military purchases http://aje.io/qjm9k
US allies including Saudi Arabia and Bahrain did not uphold principles of religious freedom in 2016: Rex Tillerson http://aje.io/u4lqc
Bitcoin
The latest Bitcoin Price Index is 4,349.97 USD http://www.coindesk.com/price/
$47 Million in Bitcoin: Ukrainian Lawmakers Declare Financial Holdings https://www.cryptocoinsnews.com/47-million-bitcoin-ukrainian-lawmakers-declare-financial-holdings/ …
Bitcoin Price in Tulip Bubble, Claims BBC Tech Correspondent https://www.cryptocoinsnews.com/bitcoin-price-tulip-bubble-claims-bbc-tech-correspondent/ …
Ethereum, Bitcoin Prices Stable after Tuesday Pullback https://www.cryptocoinsnews.com/ethereum-bitcoin-prices-stable-tuesday-pullback/ …
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