Wednesday, September 20, 2017

Economic News , Data & Views.....October 20 , 2017 ....Quick Hits For Wednesday -1) Markets : US - FOMC Keeps Rates The Same But Plans Balance Sheet Run Off In October , Stocks Indexes Zig Lower But Dow And S&P Recover To Green - Nasdaq Led By Apple End Lower , Treasuries & Gold Slump Based On FOMC'S Hawkish Tone ; Europe - Dax And CAC End Higher , Spain For Obvious Reasons Ends Lower , ECB Seen By Some As Tapering Starting In 2018 After FOMC Decision On Balance Sheet Reduction Today , Additional News Of Note From Financial Realm Touching On Europe ; Asia - Economic News , Market Moving Data And News For Thursday. 2) Hurricane Maria - Most Recent Updates From NHC , Information Concerning Unfolding Disaster On Puerto Rico. 3) Mexico - The Day After The Deadly & Powerful Earthquake , Mexico City Specifically And Mexico Broadly Searches For Victims & Answers. 5 ) UK - Round Up From Political World Today. 6) Spain - Latest Updates In Standoff Between Catalonia Gov't And Independnce Supporters Vs Central Go't Of Spain Anf Those Supporting Central Gov't Positions. 7) US Political Round Up.



Markets....


US.....


US TWO-YEAR NOTE YIELDS RISE TO 1.45 PERCENT, HIGHEST SINCE NOV. 2008



Rabobank maintains its call that the will not hike again in 2017



DOW JONES UNOFFICIALLY CLOSES UP 37.95 POINTS, OR 0.17 PERCENT, AT 22,408.75



S&P 500 UNOFFICIALLY CLOSES UP 1.30 POINTS, OR 0.05 PERCENT, AT 2,507.95



NASDAQ UNOFFICIALLY CLOSES DOWN 5.86 POINTS, OR 0.09 PERCENT, AT 6,455.46



US 10-YEAR TREASURY YIELDS RISE TO 2.27 PCT, HIGHEST SINCE AUG. 16




*FED KEEPS RATES UNCHANGED, PLANS BALANCE-SHEET RUNOFF IN OCT.



*FED FORECASTS STILL SIGNAL ANOTHER 2017 HIKE, 3 MORE IN 2018



*FED: HURRICANES UNLIKELY TO ALTER ECONOMY'S COURSE MEDIUM TERM





Europe....









GREECE LOOKING AT BOND SWAP, REPLACING 20 ISSUED IN 2012 WITH FOUR OR FIVE NEW ONES - GOVT SOURCES



GREEK BOND CONSOLIDATION PROPOSAL WOULD AIM TO DEEPEN LIQUIDITY, HELP PREPARE FOR FULL RETURN TO BOND MARKET – GOVT SOURCES




FRANCE'S CAC 40 UP 0.06 PCT, GERMANY'S DAX UP 0.06 PCT, SPAIN'S IBEX DOWN 0.94 PCT




ESM'S REGLING SAYS PERMANENT PRESIDENT OF THE EUROGROUP COULD BE USEFUL, OCCUPANT COULD BECOME EURO AREA FINANCE MINISTER



ESM CHIEF REGLING SAYS WE DO NOT NEED FULL FISCAL UNION TO MAKE EU MONETARY UNION WORK


EXCLUSIVE - UNICREDIT HAS EXPRESSED INTEREST TO GERMAN GOVERNMENT IN MERGER WITH COMMERZBANK - SOURCES


RUSSIA'S DOES NOT DISCLOSE HOW MUCH LIQUIDITY IT DECIDED TO PROVIDE B&N BANK


RUSSIA'S SAYS PROVIDED B&N BANK WITH EMERGENCY LIQUIDITY




Asia.....




Asia Calendar For Thursday...




Weaker once again...



Trump can never sell that here in the US - that would go down worse than his reversal on DACA...






NK Testing Program nuggets...









S Korea Sept Exports 20 Days 31.1pct y/y (prev 11.6pct) S Korea Sept Imports 20 Days23.9 pct y/y (prev 11.2pct)




New Zealand Q2 GDP 0.8pct q/q (est 0.8pct, prev rev 0.6pct) New Zealand Q2 GDP 2.5pct y/y (est 2.5pct, prev 2.5pct)




Western Digital’s Sandisk Subsidiaries Initiate New Arbitration Proceedings Against Toshiba In The ICC International Court Of Arbitration



N.K. foreign minister says Trump threat is 'sound of dog barking' : Yonhap



North Korea bans residents living near the Punggye-ri nuclear test site




New Zealand in focus...




Bank of Japan later today...




Hurricane Maria....


( Much More At Twitter TL...)




After the devastation of Maria ( and following damage from Irma ) , it could take 4-6 months before electricity is restored to Puerto Rico !




Here are the 5 PM AST Key Messages for Hurricane







Puerto Rico really weakened Maria-from a Cat 4 down to Cat 2.







Hurricane Advisory 19: Catastrophic Flash Flooding Occurring Over Portions of Puerto Rico.




Hurricane Advisory 18A: Now available on the NHC website.




Trail of destruction for sure...








Statement from issued by on gov't response to .



Starting To receive images from Puerto Rico. My sister just sent me this. It’s from Utuado my hometown.




After Puerto Rico, Maria will pass just offshore of D.R. and Turks & Caicos. Its path offshore the U.S. is highly uncertain but weaker.




If you have family in Puerto Rico, its Governor says the island will suffer nearly 100% power loss. No contact doesn't mean the worst. ❤️🙏




Mexico.....



If you want to help Mexico's earthquake victims.





White House: Trump Is Sending Rescue Teams To Mexico After Earthquake






JUST IN: President Trump "offered assistance and search-and-rescue teams, which are being deployed now" to Mexico after earthquake




The destruction in Mexico city is shocking. Still no reports on rural areas closer to the epicentre of the quake. Does not bode well




More than 200 people have been killed across central Mexico in the deadliest earthquake to hit in 32 years







Volunteers create human chain to clear rubble from a collapsed building in Mexico City after major earthquake.





As Mexico Struggles with Earthquake Relief, Authorities Urge Volunteers to Lend a Hand




Keep Mexico in your thoughts -and your prayers ( for those who pray to a higher power.)





Amazing show of teamwork and unity during Mexico’s earthquake rescue efforts.



UK....



UK update - Tory updates 1



Tory updates - 2



Tory updates - 3






Tory updates - 4






Brexit Bill update..




Spain....



( Much More At TL- See Various Spain Report Tweets )



Captures a lot of what has happened at lightning pace...





SPAIN'S PM RAJOY CALLS ON CATALONIA LEADERS TO CANCEL BANNED INDEPENDENCE REFERENDUM





VIDEO: Angry protests break out in Barcelona as police detain Catalan officials




Madrid has imposed 'de facto' state of emergency in Catalonia




Protest growing...





Spain takes control of Catalonia's finances to block referendum




Catalans protest arrests of officials by Spanish authorities ahead of independence referendum.



US.......



Maybe yes , maybe no ...




Graham-Cassidy Obamacare repeal bill has "very good chance" of passing, Trump tells reporters before his meeting with Egyptian leader.



Breaking: is adhering to Nuclear Deal, says Head of US Strategic Command Gen John Hyten




MUELLER IS SAID TO SEEK DOCUMENTS RELATED TO COMEY FIRING: WAPO



Mueller Seeks White House Documents Related to Trump’s Actions as President



Iran’s president blasts U.S. effort to change nuclear deal, laments “rogue newcomers”




'S PRESIDENT ROUHANI SAYS NUCLEAR DEAL EITHER REMAINS AS IS OR IT WILL COLLAPSE: RTRS.




At presser, tells me Iran is waiting for an apology from for his offensive remarks yesterday at



Abe says time for talk is over-so both Trump and Abe running out patience...




Replying to 
JUST IN: Sen. Majority Leader McConnell intends to put Graham-Cassidy health care bill on Senate floor next week, spokesperson says -



"Threats to 'totally destroy' North Korea are illegal, damaging"




Judiciary Cmte chair Grassley: We have tried to talk to Manafort's lawyers for weeks and we don't get a phone call returned



Yeah , not a shocker...NK plans more gifts for US and POTUS.







And this will become the latest steaming hot mess , if that plays out.




*takes out popcorn*




JUST IN: Study: New ObamaCare repeal would cost states $215 billion





Haley: "Tillerson is not going anywhere. I can vouch for that."




North Korea plan is "still a diplomatically led effort," Mattis says.




Mattis: "At this time, we must also recognize the somber reality that military options must be available in order to protect" US and allies



"Tones Down" - a nice way of messaging that yesterday's rhetoric can be ignored by North Korea , Iran & Venezuela.







Trump blasts “friend” Rand Paul: “He is such a negative force” on fixing healthcare