Wednesday, November 23, 2016

Economic News , Data & Views .... November 23 , 2016.....Quick Hits For Wednesday 1) Markets & Market Moving News : Asia Economic Calendar For Thursday Relatively Thin , Additional Items As They Come Available ; US Markets - DOW & S&P Have Another Record Day , 7 Year Bond Has A Searing Auction , Fed Minutes Plant Some Small Doubts For Consensus Rate Hike In December , Oil Items - Rigs Count , OPEC Commentary , Additional Items Of Note. 2) Around The Horn : Europe PMI Data For EZ , Germany & France : ECB & News From Bond World Of Europe ; Greece Updates De Jour ; Renzi Goes Nationalist As Referendum Looms ; Additional Items Of Note. 4) Odds & Ends For Wednesday !





Markets......





Asia For Thursday.......






| Renminbi weakens to 6.92 against dollar - FT -








Japan Leading Index Sep F: 100.3 (est. 100.5, prev. 100.5) -Coincident Indicator (MoM) Sep F: 112.7 (prev. 112.1)









China on the killing of TPP - "Go ahead ... make my day"







ForexLive Asia FX news: USD maintains its strength








Worth noting though that today's yuan fixing, 6.9085, is the first time PBOC has cut the reference rate beyond 6.9 since June 2008







Good morning. Most Asian mkts slip on spectre of higher US rates & Dollar at decade high. Bond rout continues w/ Singapore 10y ylds up 11bps







Economic data due from Asia today (srsly, go and eat turkey)





Always workarounds for almost any Gov't schemes....









India is supposed to be the fastest growing economy in 2017. How much will demonetization hurt that








Wednesday......






ForexLive Americas FX news wrap: Dollar soars again




The Dow and S&P 500 posted a third consecutive record finish







How high the moon ?








FOMC Minutes: Most Fed officials saw rate hike appropriate 'relatively soon'





If anything, the FOMC Minutes could plant a seed of dovish doubt








Bonds look like are coming back into fashion. Hot 7 Year Bond auction today.







U.S. crude futures settle at $47.96/bbl.⬇$0.07. -0.15%. _F7 HAPPY THANKSGIVING ALL







Baker Hughes US oil rig count 474 vs 471 prior





| Novak wednesday: Russia to take part in consultations with on Nov 28. but not yet received invite for Nov 30. reuters.





WILL ''SHOULDER RESPONSIBILITY' FOR SOME OF OPEC'S PLANNED PRODUCTION CUTS - PM ABADI - RTRS





WILLING TO CUT OUTPUT AS PART OF 'S PLAN TO BOOST PRICES - PM ABADI - RTRS






European stocks end mostly in the red



US Political Developments.....






SCOOP: Trump offered Betsy DeVos Education secretary job, and she has accepted, transition officials tell me.





I am honored to work with the President-elect on his vision to make American education great again. The status quo in ed is not acceptable.





Many of you are asking about Common Core. To clarify, I am not a supporter—period. Read my full stance, here:






SCOOP: Trump likely to name Cubs co-owner TODD RICKETTS deputy commerce secretary. As reported, Wilbur Ross is likely commerce secretary.







Todd Ricketts didn't give to pro-Trump or anti-Clinton super PACs. Didn't contribute to Trump either, per FEC records, says.






MNI: INVESTOR WILBUR ROSS CHOSEN TO BE TRUMP COMMERCE SECRETARY-WSJ







Left's new argument: Hillary didn't lose








Caught On Tape: San Diego State University Hosts "Healing Circle" For Students Grieving Over Trump Win








Just the facts !







Evidence must not be real strong , as HRC has yet to raise any concern about the validity of the Election herself.









If HRC wants a recount , she should step up and pay the money. Jill Stein pushing this on her own is ludicrous.







Breitbart slams Trump for "broken promise" on jailing Clinton | AP Photo







Senator McCain and General Mattis have same view. Torture doesn't produce actionable intelligence.








CARSON SPOKESMAN SAYS TRUMP DID NOT OFFER CARSON POST AS HUD CHIEF: "NOTHING HAS BEEN OFFERED AND NO DECISION HAS BEEN MADE"









JUST IN: Carson: After conversation with Trump team, "I feel that I can make a significant contribution" and "announcement is forthcoming."







Trump offered the HUD post to Ben Carson, transition sources confirm to me.








And yes - Trump's picks are going to have some quarters up in arms. But to unify the GOP , it has to be done.







John Allison, ex-CEO of BB&T bank, is in the running for Treasury secretary, sources tell me. with




"I will remain as governor until the U.S. Senate acts affirmatively on my nomination," Nikki Haley says in statement





President-elect Donald Trump has decided to select South Carolina Gov. Nikki Haley to become his U.S. ambassador to the United Nations.









: Blackstone's Jon Gray no longer considered for Treasury. Says he had robust policy discussion with Trump, honor to be considered.






Around The Horn - Europe......





Seems like Renzi taking nationalism route , as Italy's Referendum looms ...








ECB SEEKS TO LEND OUT MORE BONDS TO AVERT MARKET FREEZE ECB DECISION ON BOND LENDING MIGHT NOT BE FINALISED IN DECEMBER (Bloomberg)







While 2 year bunds at record lows earlier today , ten yen bund sold today at highest yield since March auction.....









German 2 year bund yield just hit record lows ( - .75% ) , not clear why just yet...







Eurozone Markit mftg PMI Nov flash 53.7 vs 53.3 exp







France Markit mftg PMI Nov flash 51.5 as exp






Germany Markit mftg PMI Nov flash 54.4 vs 54.8 exp





Without being redundant - this is the message Germany has consistently provided regarding medium term debt relief.









GREEK PM TSIPRAS SAYS POLITICAL MOMENTUM FORMING IN EU TO HELP GREECE EXIT CRISIS







GREEK PM TSIPRAS SAYS REALISTIC THAT SECOND BAILOUT REVIEW WILL BE WRAPPED UP BEFORE DEC 5 EUROGROUP







Cancelled due to leaks ? Odd....







“I want to say in advance from here and address the whole world .... this vote has no value at all, no matter what result emerges”










Odds & Ends....













’s Prime Ministerial office issues temporary broadcast ban on the blast in Adana province — Supreme Board of Radio and Television.







: Suspect carrying out bomb-attack in Adana is believed to be female, license plate of the car identified — Governor.









Reports of two killed, 16 injured in explosion (described as car bomb) in front of governor's office. . Pic via .








BREAKING: Five injured, one critically, after huge 'car blast' in Turkish city










Böyle yapınca sanmayın ki korkacağız gelin lan gelin hepiniz gelin hepinizin kökünü kazıcaz oruspu çocukları








PDVSA still has not paid $146M on the 2035 bonds which was due on Nov. 17: Clearstream






Venezuela's President Maduro says has asked PDVSA president to look into potential legal action against JPMorgan over bond report







Remarkable. Can be interpreted as, “Wind is shifting in favor of Moscow. & Saudi Arabia has money concerns anyhow.”








Raqqa operation update..










5 hours ago
Turkey to demand red notice on PYD leader Muslim






German court ruling to leave 1000s of Syrians divided from families.






Turkey moving closer to SCO..








Economic diversification programme backed by EU and France to be launched Monday -



















Libyan dinar strengthens on black market amid expectations of official devaluation -
















Awlad Suleiman and Gadhadfa representatives signed truce last night after 5 days of inter-tribal clashes in








Since the beginning of the battle for "liberated" at least 666 fighters were killed during the clashes ag/ .







Protest at the court complexes in demanding justice for Fatwa House cleric Nadir Al-Omrani who was reported killed on Monday