Tuesday, February 21, 2017

Economic News , Data & Views.....February 21 , 2017 .....Quick Hits For Monday-1) Markets : Asia In Focus - RBA''s Lowe Speech & Highlights , Data And Additional Market Moving News As It Develops ; US - Another Day Of All Time Record Highs For Three Major US Indexes , USD & Gold Down Today , Oil Up 66 Cents During Regular Session. 2) US Politics : Revised Travel Ban Looms ; Trump To Sign Executive Orders Undoing Obama's Climate Change Rules ; Border Enforcement To be Hiked ; CIA Aid To FSA Groups On Hold ; NATO Important But So Is Europe Paying Its Fair Share ; Additional Domestic & Geopolitical Items To Consider. 3) Euope In Focus : UK PM May Could Seek To Trigger Article 50 By End Of March ; French & German Election Related News ; Political Uncertainty Weighing On Periphery Debt Relative To Bunds ; Greece- Creditor Talks Status - Update After Monday Eurogroup Meeting ; Additional Items Of Note. 4) Odds & End - Libya & Syria Updates.



Markets.....



Asia.....




PBoC Gauges Demand For 7, 14 & 28 Day Reverse Repos




PBoC To Inject CNY 30 Bln Via 28 Day Reverse Repos





PBoC To Inject CNY 50 Bln Via 7 Day Reverse Repos - PBoC To Inject CNY 40 Bln Via 14 Day Reverse Repos






PBoC Fixes USDCNY Reference Rate At 6.8830 (prev fix 6.8790 prev close 6.8810)






BOJ's Kuroda: The BOJ does not have a prediction for FX level


BoJ Gov Kuroda: Prices To Rise Steadily, Likely To Hit 2% Inflation In FY2018 - RTRS






More from RBA's Lowe, from the Q&A following his speech







RBA Gov Lowe: Policy Balancing Risks Of Low Inflation Vs High Household Debt -Does Not See Much Risk Of Inflation Exp Becoming Unanchored





Lowe: Repeats Outlook Is For 3% GDP Growth Next Two Years, Gradual Rise In Inflation





Lowe: To Date, Satisfied That Labour Market Heading In Right Direction





Lowe: High Australian Household Debt Isn’t Unsustainable, Accelerating Household Debt Would Be Problematic





US.....






US stocks keep the bull train going







ForexLive Americas FX news wrap: Dollar dips on data miss




US Crude oil futures settle at $54.06 /bbl



Blackrock Fixed Income Weekly Notes





Mester: We Have To Change Policy Path If Economic Outlook Changes





Mester: Some Problem Areas In Labour Market






US Politics.....





MILITARY COOPERATION BETWEEN , U.S. SUSPENDED, THIS IS REFLECTED IN U.S. LAWS - PENTAGON REPRESENTATIVE TO INTERFAX





probably in response to this: SHOIGU BELIEVES RUSSIA, U.S. COULD START COOPERATION WITH JOINT ACTIONS IN SYRIA'S RAQQAH. IFX.





Homeland Security employees locked out of computer networks: sources.






DOJ has been asking for and getting cases put on hold in federal court because there is going to be a new EO. There's no "dual track."






Spicer says if McMaster wanted to remove Bannon from the NSC, POTUS would "take that under serious consideration."





Milo resigns from Breitbart , statement from Milo on same.






Europe paying a fair share for defense is something the Trump Administration internally agrees upon.






Virginia governor vetoes GOP bill to defund Planned Parenthood






Dreamers to be protected in upcoming & revamped Travel Ban....






Memos say fedl govt will immediately start hiring 5,000 border agents, 500 air and marine agents, 10,000 ICE agents.








EXCLUSIVE: CIA-backed military aid for Syrian rebels has been frozen since Islamist attack - sources.








Trump to sign executive orders undoing Obama's climate rules: report







New order will not include dual citizens , people with green cards or people who already have a visa to travel to the U.S.









Europe....






Brexit - UK PM May seeking trigger by March 31






German lawmakers to drop support for Greece bailout if IMF quits - Reuters By




Allensbach poll (conducted 1-15 Feb) has CDU leading SPD by 33% to 30,5%. AfD down to 8,5%. FDP up to 7%.





Germany's Schulz launches 'social-populist' attack on Merkel







Remember the volatile vote base? Macron slips to third place in new poll, loses five points from two weeks ago.









Austria arrests Ukrainian tycoon Firtash: prosecutors





GREEK GOVT SPOKESMAN SAYS GERMANY SHOULD DROP DEMAND FOR PRIMARY SURPLUS OF 3.5 PCT FOR 10 YEAR PERIOD







GERMAN FIN MIN SAYS THE MAIN QUESTION WITH GREECE IS ABOUT REFORM MEASURES, QUESTION OF DEBT IS SECONDARY








| *PADOAN: EU REPORT NOT STEP TOWARDS INFRINGEMENT PROCEDURE: ANSA *ANSA CITES ITALY FIN MINISTER ON EU DEBT REPORT DUE WEDNESDAY








 

BREAKING: French far-right leader Marine Le Pen says she cancelled a meeting with Lebanon's Grand Mufti after refusing to wear a headscarf






Oops: 10y risk spread over jumps to almost 80bps, highest since 2012 as Le Pen worries rise.






. is now member of the periphery debt segment. risk spread over Germany currently at 190bps.






. , another member of the periphery debt club, trades w/ 10y risk premium of 132bps over .








Libya.....






Looks this order has been squashed...











Presidential Council of the GNA sacks spokesman, Ashraf Al-Thelti.








About 75 bodies found aboard a boat washed ashore in Az Zawiyah, if confirmed deaths would raise Mediterranean fatalities to over 365







Traffickers reportedly stole the engine and left it to drift. Another six bodies were recovered on the beach...








and at least a dozen other migrants are missing, presumed drowned. A survivor, reportedly in a coma, was transferred to hospital.







Emergency Tunisia summit aims to organise Serraj-Hafter meeting -





Ageela Saleh announces HoR session to choose new Dialogue committee to amend LPA -




Syria......






In remote southern camp along Jordan border, tribal leaders form internal council to "halt the chaos."









INTERVIEW: Rebels leave as mountain town chooses surrender over "death by bombardment," says opposition negotiator.









22 of 35 aid trucks hijacked and contents taken...