Wednesday, April 27, 2016

Economic News , Data & Views ( April 27 , 2016 ) Overview ( 1. FOMC - Usual Market Manic Behavior On FOMC Statement Day , Redline Comparison Between Current And Past Statement , Nuggets Of Emphasis. 2. Markets In Focus - Bonds , NIRP , EURO / USD Cross Today . 3. Asia Items This Evening - Japan & China In Focus. 4. Europe Quicks Hits - Brexit Item - Obama Pep Talk To UK on Staying the EU Course Results In Bump Up For Leave In Recent Poll , Greece Bailout Snags , Macedonia Odd Item , Ukraine Gas Bills Rise After Deal For IMF Aid , Austria Moves Forward With Border Control Plans. 5. Odds & Ends From Around The Globe. )



FOMC.....













US stocks rise as Fed reassures on gradual rate path, economy. Dow ends up 0.3%






FOMC managed to confound mkt participants w/only rhetorical changes in statement.Rate hike expectations barely moved









FED REMOVES REFERENCE TO GLOBAL EVENTS POSING RISKS TO OUTLOOK







FOMC: NO RATE CHG OR BAL OF RISKS; US ECON 'SLOWED'






Markets.....






EUR/USD low of the day at 2.01 p.m @ 1.1270 and high of the day @ 1.1363 at 2.06 p.m sad but algos win again....






US Treasury Yields... All-time highs in 1980-81 All-time lows in 2008-15






Citi expects deeper neg rates for Eurozone & Japan. Sees ECB to cut depo rate to -0.5%, BOJ to cut pol rate to -0.5%





Asia......





10:01:56 PM RTRS - CHINA'S INDUSTRIAL ECONOMY FACES ONGOING STRUCTURAL IMBALANCES - INDUSTRY MINISTRY






10:01:09 PM RTRS - CHINA'S INDUSTRIAL ECONOMY CONTINUES TO FACE DIFFICULTIES AND CHALLENGES - INDUSTRY MINISTRY






DCE raises margin requirement for 5% to 9%, and Daily Price Limit fr 6% to 7% for Coke, Coking Coal futures. Regulating till nobody trades.








Tangshan city is banning all coke, steel & cement productions for 24 hours starting this noon.







Oil struggles in China's oil patch....







China Item To consider....






TOKYO APRIL OVERALL CONSUMER PRICES FALL 0.4% Y/Y








BOJ Day chart of the day! Ineffectual stimulus, financial activity spurred by increased monetary base at 13-year low







*PBOC URGES UNVEILING OF RULES TO MANAGE LENDINGS COS.: NEWS







Europe Quick Hits......




Reaction to Obama's advice to the UK. Boost for Leave.






One of those granted presidential amnesty in political crisis, Kosta Krpać, found dead in apartment







Austria moving forward with border security plans...







Ukrainian gas bills double in exchange for IMF aid







Sheets on Greece: IMF position requiring credible program & only joining if there's significant debt relief very much supported by Treasury

















JUNCKER SAYS THAT ROLE UNDERMINES THE EUROZONE - EUR SRC - MNI *EU JUNCKER: CONTINGENCY PLAN FOR UNCONSTITUTIONAL





Odds & Ends.....






National Intel Dir. believes it reasonable to declassify ’28 pages’ of 9/11 documents |








Update: latest ploy to blow up fails to get sufficient number of votes to end debate







This is a very interesting development - expect it will be replicated.....






ISIS foreign recruits fall by 90%







Arson plague in Canada ?
















UPDATE: Explosion in Turkey’s Bursa, six wounded








German nuclear plant in Bavaria infected with malware, logins compromised







UN envoy opposes attempt by eastern government to export oil.







Public Sector employee workweek now 2 days. How long before one day ?





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