Economic calendar coming up from Asia - Japan PMI the feature
BOJ's Kuroda says Japan economy is at a critical point to end deflation
China said to consider options to support the yuan & curb outflows, including asking SOEs to convert foreign currency into yuan @RobinGNEWS
Chinese regulators already encouraged SOEs to sell FX under current acct, may cut US Treasury holdings more to keep yuan stable @RobinGNEWS
Westpac China Consumer Sentiment (December): 116.6 (prior 114.9)
Update: Ringgit weakens further to 4.4983 (getting there)
Yuan fixed at 6.9526, vs 6.9498 last
$35 trillion in impaired Chinese financial assets and a population eager to get its savings out.
ANZ on China's new yuan basket: Expect higher volatility in USD/CNY fixing & spot rate
SK FinMin: Will actively promote Korea's stance if the U.S. makes any irrational trade demands --Rtrs
JN Nikkei Manufacturing PMI (Dec F): 52.4 (prev 51.9)
US & Europe.....
US stocks get a little boost at the end of day.
DOW JONES UNOFFICIALLY CLOSES UP 114.02 POINTS, OR 0.58 PERCENT, AT 19,876.62
S&P 500 UNOFFICIALLY CLOSES UP 18.49 POINTS, OR 0.83 PERCENT, AT 2,257.32
NASDAQ UNOFFICIALLY CLOSES UP 44.13 POINTS, OR 0.82 PERCENT, AT 5,427.24
How does one "quietly" drop a bomb or bombshell ? Impact still causes vast havoc and commotion...
US ISM Manufacturing New Orders Dec: 60.2 (prev 53.0) -Employment Dec: 53.1 (est 52.5; prev 52.3)
US Construction Spending (MoM) Nov: 0.90% (est 0.50%; rev prev 0.60%)
Even on a bad day the US dollar still wins
WTI crude oil futures settle at $52.33 per barrel
#Iraq | PM al-Abadi tues: Kurdish region exporting more than allocated quantities of #oil through #Turkey. urges transparency. RTRS. #OOTT
#Libya | first cargoes of Sharara #oil field crude to be shipped this month. 3 cargoes so far at 630k bbl each. loading program. BBG. #OOTT
European stock markets in a good mood in 2017
The "Intelligence" briefing on so-called "Russian hacking" was delayed until Friday, perhaps more time needed to build a case. Very strange!
Midnight Rules Relief Act-would allow lawmakers to bundle multiple rules & overturn them en masse in joint resolution of disapproval.
Premiums exploding , state run health co-ops are mostly bankrupt , many individuals have sham coverage as a result exhorbitant deductibles.
Keep your eyes on this..
Paul Ryan Is Re-Elected House Speaker
Looks like Ford is going to forgo a planned Mexico expansion..
So , we will get some type of briefing from PEOTUS on Russia & alleged hacking efforts by same , after all.
VP-elect Pence shares Trump's concerns about Congressional Rs trying to weaken ethics oversight office, Sean Spicer said on press call.
Trump criticizes fellow Republicans for move to weaken congressional ethics watchdog office.
The great "Russians Are Hacking The Grid" meme , falls apart under slightest bit of scrutiny...
Trump tweets warning to General Motors.
Two cabinet spots left and RCP is tracking who's up for the jobs
*TRUMP NOMINATES ROBERT LIGHTHIZER AS U.S. TRADE REPRESENTATIVE
( Much more at my Twitter T.L- just most recent & relevant items here ...)
Libyan Satire: Cartoonists react to the resignation of Presidency Council member Musa Al-Koni
Things coming to a head...
#Libya Southern tribes meet to try and prevent war.
#Libya power cuts south Libya
Haftar comments certainly going to ruffle feathers..
AirForce Operations Room Chief Mohamed Manfur confirms army strike at #Jufra airbase targeting airplane transporting ammunition
Army Spox Ahmed al-Mismari: The AirForce targeted a meeting of militias, including Al-Qaeda commanders, at #Jufra airbase
Ibrahim Beit al-Mal, head of Misrata military council, was injured in the airstrike at #Jufra airbase
LNA always made it clear it would not tolerate the presence of BDB in Jufrah. Misrata & PC are allowing them to use Jufrah as a base. #Libya
Joint statement from Misrata municipal & military council pretty much declare war on LNA lead by Hiftar More bloodshed & destruction
Calls for strike at Labour Ministry in protest of controversial sending of attachés overseas https://www.libyaobserver.ly/news/calls-strike-labour-ministry-protest-controversial-sending-attach%C3%A9s-overseas …
Agilah Saleh to visit Tunis tomorrow to discuss the #Libya crisis with Tunisians officials. Haftar likely to visit Tunis in the future, too.
#Libya Air force of Tobruk-based government says has targeted Jufra airbase, south-central Libya.
#Libya Air forces of both Libya governments bombing each other's forces southern Libya. No word on casualties yet.
#Libya has reached a new low. Long hours of power cuts, Fuel shortages, High prices, Intensified civil war & Political fragmentation
NOC: Western PFG supervises fuel smuggling operations from #Libya #Tunisia https://www.libyaobserver.ly/economy/noc-western-pfg-supervises-fuel-smuggling-operations-libya …
PC member Mijibri singles out government posts to friends while Sirraj in London for lavish wedding party https://goo.gl/O8gVwV
This information explain why wadi Barada is targeted, not included in the ceasefire deal, as long as #AQ is present
To halt growing Russian-Turkish military cooperation, Pentagon is reluctantly considering to join Turkey to capture al-Bab.
In the face of U.S. protest, Ankara says the US-led coalition did not provide air cover for Turkey's military campaign in al-Bab.
Former Nusra Front group says US-led coalition struck HQ, killing 25 http://ow.ly/YdLi307EGaZ
Reporting on airstrikes hitting an JFS facility not clear if a HQ or prison , reporting varies.
Elijah always provides rich food for thought !
Several air strikes have hit Sarmada area in Idlib countryside. Conflicting reports on whether it is a Russian or (US) Coalition warplane
Offer by opposition to trade access to water source for #Damascus with halting of military operations by army
Marine Le Pen wants a common currency, the euro, in parallel to the French franc
Legacy problem: #Italy among most fiscally sound member states in Eurozone, yet also among most burdened by interest costs. (via Astellon)
25% of #Italy's Target2 liabilities collateralized by gold. Gold reserves used by Bank of Italy in 1976 to guarantee Buba loan (viaAstellon)
Canister bombs go off outside official's Athens home http://dlvr.it/N1rCL9
Oops. #Germany inflation rises to 1.7%, highest since 2013. Energy and food consist of most of the increase.
#UK | Dec Manufacturing PMI New Orders: 58.5 …aka highest since June 2014
Former counter-terrorism chief @ahmetsyayla, who tracked extremist groups in Turkey, says ISIS has vast network of cells in the country.
Turkish media is very colorful.
Turkey extends state of emergency http://v.aa.com.tr/719769
LATEST — State of emergency to continue until FETÖ completely removed from all state institutions, Deputy PM Kurtulmuş says
Survivors not treated with respect or dignity after the shooting -as per the account of a survivor.
Odds & Ends....
+++ #BREAKING +++ Earthquake: South of Fiji Islands Magnitude: 6.8 | Depth: 10 km Via GFZ_Potsdam http://geofon.gfz-potsdam.de/eqinfo/event.php?id=gfz2017afih …
China begins first freight train service to London
China News - Tuesday 1/2/17
#Beijing land sale revenue down 61.5% in 2016 to 4-year low of 85.25bn yuan; the city sold total 44 plots of land, lowest amount since 2004
Benchmark Shanghai Composite closed 1.04% higher on first trading day 2017, Shenzhen Component up 0.84%; Nasdaq-style Chinext gained 0.06%.
It's the HIGHEST level since Jan 2013
ASIA WRAP: Equities up; lots from China >> Hibor rates jump after PBOC drains, currencies added to FX basket, calls for flexi growth targets