Tuesday, March 29, 2016

Economic News , Data & Views ( March 29 , 2016 ) Overview ( 1. Fed Chief Yellen Had Center Stage Today and She Was Dovish For Days - Next Fed Hike - Maybe 2017 . 2. Currencies In Focus - Real, Ruble, Yen, Euro, Franc All Higher Vs. The US Dollar So Far In 2016 . 3.Global Equities - Around The Horn. 4. Crude Oil News De Jour - Oil Inventory Data - API. 5. Brazil Gov't Set To Topple As PMDB Will Leave Governing Coalition. 6. Egypt Air Hijack - Definitely the Oddball Story Of The Day And It Didn't Even End Badly. ) Europe In Focus ( 1. Refugee Crisis News Of The Day. 2. Greece Items Of Note - Non Refugee Crisis. 3. Ukraine Political and Corruption Crisis Continues. 4. Nigel Farage - "Europe Is Burning " )


Asia Updates....... As news comes through....

Japan Crude Imports From Iran More Than Double in Feb.: MOF

JAPAN FEB. INDUSTRIAL OUTPUT FALLS 6.2% M/M, Nikkei should soar on this news

From Earlier......

Currencies: Real, Ruble, Yen, Euro, Franc all higher vs. the US Dollar thus far in 2016.

Fed's Yellen helps S&P 500 to highest close for 2016

Highest close since December 30th, 2015 for the S&P 500, up 1.1% YTD. Emerging Markets still leading in 2016.

June rate hike odds drop to 29.4%


The impact of low prices: FX reserves fell 20% in 2015 to $54bn at year-end

Another First for US Crude: Exports US Via Panama Canal with

Gasoline stocks -1.94MM, Distillates -95K

Oil inventories +2.6MM, Last +8.8MM, Cushing -319K, Last -1.4MM

Watch: to Attend Doha Talks in April Without Joining Freeze via

Money supply in (M3 aggregate) drops y-o-y for the first time in 15 years

So much for output freeze: and agree to re-start 300,000 b/d field in Neutral Zone

This is a big blow against Rousseff...

Rousseff government is "finished", says Brazil opposition leader Neves

UPDATE: passengers finally land in , following hostage drama en route

NOT THE ONION: This British health & safety auditor actually took a selfie with the hijacker this morning.

Refugee Crisis .......

IS kidnapping migrants at gunpoint to fight in Libya


Authorities ‘encouraged’ by decreased refugee flow

Solution to refugee crisis impossible without Turkey: EU's Schulz

It is too early for people to have got there, & the numbers do not include significant proportion of Syrians/Afghans

Greece Plans to Accommodate Refugees on Uninhabited Islets

Athens update: Around 1400 desperate arrivals in btw March22-28

Now Libya playing "Turkish card " threatens to flood Europe unless "more support " given. 3 or 6 billion euros ?

Greece - Non Refugee Crisis......

Tax authorities to monitor Greeks’ bank accounts across the European Union

Measures with opt-out clauses?

New Democracy calls for Tsipras to resign and snap elections to be held

sees deposit outflows for second straight month in February, at 548 mln

Alt FinMin pledged for payment of € 7 bln arrears to the private sector by end-2016 (via )

govt to agree to €5.4bn of austerity measures to help facilitate a successful conclusion of the bailout MoU review: govt spox

IMF Insists on Same Medicine That Destroyed the Greek Economy

credit contraction accelerates to 2.3 pct in Feb, loan deductions of almost 400 mln


Ukraine's parliament sacks corruption-tainted prosecutor

anti-corruption bureau tries detaining judge taking $19,000 bribe. He starts shooting & flees

Reuters: Hopes fade of imminent deal to end Ukraine political crisis

Hope citizens mindful of latest bankrupt corrupt political crisis at imminent EU Special Relationship Referendum

Ukrainians feel badly served by government

Ukraine General Prosecutor's resignation puts Yatsenyuk in firing line

Nigel Farage....... Europe Is Burning.....