Good morning from Berlin. Asia stocks steady, bounced from the day lows after BoJ unleashes unlimited bond buying for 1st time to cap yields
PBOC sets USDCNY mid-point at 6.8692 (prev fix 6.8592, prev close 6.8761); 10th straight weaker fix
Economic data due from Asia today (MOAR Fed speakers!)
China press on the yuan - unlikely to fall sharply for long
Japan 20yr note sale, Cover: 3.17, Avg. Price: 100.80, Avg. Yield: 0.456%
So much for that one.....
10-year JGB yield. BOJ announced its using this new tool for the first time time today - buying up bonds at a fixed rate.
Here's USD/JPY after the Bank of Japan announced its first fixed-rate operation to purchase government bonds
Japan Cabinet adviser wants extra fiscal stimulus next year
India Bank Chaos Continues - BBC Report....
India bank woes continue....
Modi mess in India in 2 sentences :1) 97% of India's economy is cash based ; 2) 88% of currency notes are illegal.
Dollar Illiquidity Getting Critical: A $10 Trillion Short Which The Fed Does Not Understand http://www.zerohedge.com/news/2016-11-16/dollar-illiquidity-getting-critical-10-trillion-short-which-fed-does-not-understand …
Forexlive Americas forex news wrap: EURUSD makes new 2016 lows
Gravity returns , the Dow goes down....
DOW JONES UNOFFICIALLY CLOSES DOWN 54.71 POINTS, OR 0.29 PERCENT, AT 18,868.35
S&P 500 UNOFFICIALLY CLOSES DOWN 3.53 POINTS, OR 0.16 PERCENT, AT 2,176.86
NASDAQ UNOFFICIALLY CLOSES UP 18.42 POINTS, OR 0.35 PERCENT, AT 5,294.04
Get it over with...
Interesting development on infrastructure. ..
Treasuries rout seems linked to dumping by China and KSA.
Dollar Index and Crude Oil...
US crude oil futures settle at $45.57 per barrel
And #Nigeria isn't attending either the Doha #oil talks later this week. #SaudiArabia faces an even more difficult job #OOTT
#Russia | energy minister Novak: we agree on freezing output. everything will depend on #OPEC decision, which ussia will support. RTRS #OOTT
RUSSIA ENERGY MINISTER SAYS FORMAT FOR NOV 30 MEETING NOT YET DECIDED. But very optimistic in any case
RUSSIA ENERGY MINISTER SAYS NO DECISION YET WHICH DATE TO TAKE FOR OIL FREEZE, NOVEMBER OR JAN 1. Hold on, what happened to the "cut"
OPEC's crude output has reached record levels, as production kept rising after Algiers deal
More again from Fed's Harker: Supports a 25bp hike in Fed Funds rate
More from Fed's Harker - We have to take into account lots of risks to economy
Fed's Harker: Unemployment rate is right on the Fed's target
Fed's Kashkari: Fed should be willing to tolerate 2.5% inflation
Fed's Mester. It is appropriate now to raise rates
Around The Horn - Europe ....
The European Commission’s assessment has sounded the alarm bell for eight of the 19 Eurozone member states - two speed EZ in focus.
Reactions from Schauble and Dijsselbloem , subsequent to President Obama call for debt relief for Greece.
French Senate majority will vote against 2017 budget --AFP
Merkel to announce on Sunday whether she will seek a 4th term. So we have that on deck for the weekend.
Libya the new transit point for refugees heading to Europe...
Great chart - also consider Fed balance sheet shrinking while ECB balance sheet spiking hard !
Frans Timmermans states - U.S. investigations had pointed to "growing indications that the [Gülen] movement certainly played a role".
Goldman compares Brexit and Trump market reactions
First day of #Greece review talks highlights differences as Athens eyes tight schedule https://shar.es/1IO1lB #economy #ec #ecb #esm #imf
RE : Michael Flynn as National Security Advisor - ABC , GMA have walked back from "selected" to contender. NBC says "selected."
Michael Flynn Said to Be Trump’s Top Choice for National Security Adviser http://natl.io/4gS0JI
Misfire? ABC's @GMA tweeted that Trump "announces Lt. Gen. Michael Flynn as his National Security Advisor," then deleted it. No announcement
Well , here we go !
White House Confirms Pre-Election Warning to Russia Over Hacking - http://NYTimes.com
Trump's transition team has yet to contact the Depts. of State, Justice, and Defense.
Secretary of State candidate John Bolton: Tear up the Iran deal. Secretary of State candidate Bob Corker: Don’t…
House GOP to Obama admin: Don’t try any last-minute regulatory stunts
Jim Webb: White working-class people don’t believe Democrats like them
Trump transition team requested security clearance for Jared Kushner, sources from transition team, intelligence community confirm to @ABC.
The violent protests have gone on 7 days-Sanders , Clinton (Hillary & Bill) , Biden and Obama should condemn this.
Terrified Ford CEO Blasts "Huge Impact" Of Automotive Import Tariffs http://www.zerohedge.com/news/2016-11-16/terrified-ford-ceo-blasts-huge-impact-automotive-import-tariffs …
Jamie Dimon told Trump he has no interest in Treasury position: Fortune
JUST IN: Carl Icahn, asked if Steven Mnuchin should be U.S. Treasury secretary, calls him 'smart guy' who is not part of establishment
“We just had a ‘drain the swamp’ election”: Paul Ryan blocks House GOP’s attempt to bring back earmarks
#BREAKING Ryan unilaterally halts plan to restore earmarks just before it was about to pass in closed conference
A protest march of approximately 100 people has left @Portland_State and is in the neighborhood East of campus. Minor #pdxtraffic impact.
Noting in 2012 , Slate wrote a cogent article providing 5 reasons why the Electoral College WAS Not undemocratic.
CEO resigns after online threats to assassinate President-elect Trump http://hotair.com/archives/2016/11/16/ceo-resigns-after-online-threats-to-assassinate-donald-trump/ …
Previous post on unhinged Facebook threats to kill Trump w sniper rifle made by CEO Matt Harrigan. He's resigned.
More than half the 112 anti-Trump protesters arrested in Portland didnt vote http://www.dailymail.co.uk/news/article-3938928/More-half-112-anti-Trump-protesters-arrested-Portland-didn-t-vote.html …
Schumer and Durbin elected #1 and #2 to a Senate Democratic leadership team that includes Elizabeth Warren, Bernie Sanders and Joe Manchin.
First of business by Pence was removing all of the Lobbyists from the Transition Team. Great start , by the way.
Odds & Ends....
Turkish police detain mayors of two southern provinces http://hry.yt/svh1T
Pakistan to deport teachers linked to Gülenists http://hry.yt/xKk1M
Turkish President Erdoğan blasts foreign media outlets at TRT World opening http://hry.yt/HX1dx
Flynn on Nov8: "We need to adjust our foreign policy to recognize Turkey as a priority. We need to see the world from Turkey’s perspective."
BREAKING Pro-Kurdish DBP's #Siirt Mayor Tuncer Bakırhan arrested on charges of membership of PKK/KCK.
President Tayyip Erdogan could rule Turkey to 2029 w/ expanded executive powers under proposals AK Party hope will go to a vote-early 2017.
#Talafar airport is fully liberated #MosulOps : #ISIS is defeated in its most strategic base. No more roads available2 #Syria from the west.
Operation at Tal Afar Miltary Airbase underway...
Many cease-fire offered by Russia and Damascus to evacuate Jihadists & rebels on 2 exists & civilians (4 exists) rejected @brandonleevear
SDF capture Khunayz al-Janoubi, al-Salman & Mashhad, they have now besieged Tell Samen from 3 sides and are attempting to enter it, Raqqa
A big development if accurate - YPG announce withdrawal of forces from Manbij and transfer to Raqqa offensive.
UAE base in Libya back in the news... Fwiw
4 explosions in 3 days ....
Zawiya subjected to multiple explosions over recent days....
almost double >>#Libya planned #oil output drive weighs heavily on Opec deal https://www.energyvoice.com/marketinfo/124414/libya-planned-oil-output-drive-weighs-heavily-opec-deal/ … #OOTT
Casualties continue to rise in battle for Sirte - https://www.libyaherald.com/2016/11/16/casualties-continue-to-rise-in-battle-for-sirte/ …
Libyan coast guard spox: Libyan waters r under intense surveillance to track migrant boats& illegal shipments.Fishermen must seek permission
One fishing boat and its crew has been released, negotiations are ongoing for the other two: Tunisian Defense Ministry
Protest by Libyan ground handling company at #Tobruk airport over salary delays
Residents recovered five charred bodies from the rubble: eyewitness
The presumed target, Abdelmenem Bilhaj al-Hassnawi (aka Abu Talha al-Libi), was renting one of the houses
Six people died in the mystery airstrike that hit 2 houses in #Gurdha_al_Shati Monday night - all foreigners accordng to mayor Hassan Maatuq