Markets & Market Moving News....
More on Japan trade: - Exports, imports fell most in 7 yrs - Exports fell for 10th mth, imports for 19th - Shipments to China esp bad -12.7%
Shocking data from Japan...
Yen up about 0.5%, past 100 to 99.74. Trade data out in 30 min-10th straight month of contracting exports expected.
"Several suggested that the #Fed would likely have ample time to react if inflation rose more quickly than they currently anticipated."
"Several expressed concern that an extended period of low interest rates risked intensifying incentives for investors to reach for yield."
"A couple of members preferred also to wait for more evidence that inflation would rise to 2 per-cent on a sustained basis."
FOMC minutes imply nothing off the table but that members would like to see more data
Odds of December hike moved down from 59% yest to 50% today. Dovish minutes yet again from the groundhog day Fed.
If 350 BN sold by CBs , who bought those bonds ?
Bonds & Stocks Surge After Fed's Equity Valuation Warning http://www.zerohedge.com/news/2016-08-17/bonds-stocks-surge-after-feds-equity-valuation-warning …
Today's annotated market http://www.zerohedge.com/news/2016-08-17/bonds-stocks-surge-after-feds-equity-valuation-warning …
It's the home stretch, and stocks are hugging breakeven http://on.mktw.net/2byhm2o
Frontrunning: August 17
Crude production +152k b/d
DOE crude inventory drawdown -2.51MM, Exp. build 522K, Last +1.055MM
GASOLINE STOCKS -2.72M TO 232.7M IN AUG 12 WK DISTILLATE STOCKS +1.94M TO 153.1M IN AUG 12 WK
CUSHING STOCKS -0.72M TO 64.5M BARRELS IN AUG 12 WK
After Ciudadanos tabled six easy pre-conditions for negotiations, why did Rajoy dismiss them so contemptuously?
EDITORIAL: What Is Rajoy Really Playing At?
Rajoy admitted earlier the parliamentary numbers don't add up for the PP. Here they are: https://www.thespainreport.com/articles/835-160813204548-is-sanchez-playing-for-a-second-chance-at-pm …
Rajoy gives whole presser and opens floor for questions without mentioning Ciudadanos' six conditions or possible date of confidence vote.
LATEST: Rajoy says "no one has said a word about any of the [Ciudadanos] conditions". No conditions, no date, nothing.
Rajoy says "the Popular Party hasn't come here to talk about conditions" and kicks questions on confidence vote date well into long grass
Ciudadanos pushing that the PP may not add conditions to its six conditions: "they can only accept them or not".
#Turkey's prime minister says 40,029 detentions and 20,355 arrests have been made after last month's failed coup attempt @ReutersWorld
TURKEY REMOVED 79,900 PUBLIC EMPLOYEES AFTER COUP ATTEMPT: PM TURKEY JAILED 20,355 PEOPLE ON COUP ATTEMPT: PM
Syria situation and Gulen extradition top stated agenda. No discussion of trip to Russia and Erdogan -Putin talks ?
Very interesting article on diplomatic back story regarding Turkey -Russia and Turkey -Syria.
Turkey to release 38,000 prisoners, making space in jails after coup http://bit.ly/2bsb18n
Trial balloon for reactions ?
Turkey lashes back at German accusations. October deadline for visa free travel for Turks looking bleak.
Tsipras threatens to sue Germany for wartime reparations - anyone think Tsipras really will sue Germany for 269 BN ?
A primary surplus, at what cost? http://dlvr.it/M3GH1m
New migrant center to open near Thiva as Cretan authorities protest plans for four local… http://dlvr.it/M3GGxh
Greek coast guard rescues 59 people from migrant dinghy off Kos http://dlvr.it/M3Gq8P
Despite labor market reforms, new positions fail to materialize http://dlvr.it/M3L9FG
The 3rd party vote hasn't faded at all. Johnson at 9.4% in our national polling average. http://projects.fivethirtyeight.com/2016-election-forecast/national-polls/ …
Biden teams up with Clinton to slam Trump’s qualifications | http://ow.ly/QCLM303icLE
RCP's electoral map has Clinton over the top with 272 EVs (270 needed for the win): http://bit.ly/1Xpfs75
I don't understand how a President could make informed F.P decisions-w/o reviewing classified US intelligence info.
Too little , too late though ?
top GOP strategist tells me Trump campaign shakeup will accelerate party move to shift resources toward House/Senate races, away from Trump
The decision-makers at the Bedminster talks: Trump, Roger Ailes, Rudy Giuliani, and new campaign leader Steve Bannon
Stephen Bannon, executive chairman( Breitbart News) new campaign's chief executive. Paul Manafort remains for now.
Odds & Ends.....
UPDATE: SEK special forces arrested the 27 year old German Islamist , and have found explosive material and ISIS propaganda in his apartment
BREAKING: German special forces arrested a 27 year-old terror suspect who planned a terrorist attack at a Local event in #Eisenhüttenstadt
Embarrassing ticket scalping fiasco..
North Korea's deputy ambassador defects in London: reports - http://reut.rs/2b3CXjB