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 " )


Overview......





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%












FED FUND FUTURES FULLY PRICE NEXT RATE HIKE JAN. 2017







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






Inevitable.......








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.....








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.....