Yogesh Chandarana @Yogi_Chan
Happy Friday! Asia Wrap: Yellen says econ performing well; China trade recovery falters; Japan watching the yen; U.S. bank earnings eyed
Economic data due from Asia today ... low tier, but we do get a Yellen speech
PBOC reported to ask banks to balance yuan inflows with outflows
China Dec Exports in USD -6.1% (blue line), Imports +3.1% (red) Exports in negative growth YoY for 9 months...
China's overall trade surplus for 2016 at $510 billion.
CHINA DEC. EXPORTS -6.1% Y/Y IN DOLLAR TERMS; EST. -4.0% CHINA DEC. IMPORTS RISE 3.1% Y/Y IN DOLLAR TERMS; EST. 3.0%
CHINA EXPORTS FELL 2% IN 2016 IN YUAN TERMS: CUSTOMS CHINA IMPORTS ROSE 0.6% IN 2016 IN YUAN TERMS: CUSTOMS
China fixes Yuan at 6.8909 vs 6.9141 last
PBOC on site checks on the major chinese bitcoin exchanges will last a week. Expect price volatility !
China Daily: Tillerson's South China Sea views "disastrous...mish-mash of naivety, unrealistic political fantasies" http://www.chinadaily.com.cn/world/2017-01/12/content_27938521.htm …
Tillerson remarks "not worth taking seriously- mishmash of naivety, shortsightedness, worn-out prejudices & unrealistic political fantasies"
New Zealand - Card spending (December), Retail -0.1% m/m (expected +1%)
The cost of protection against swings in the Japanese yen is now at the highest level in over 3 years
US & Europe Markets.......
A down day in stocks seems like an up day. Close near highs.
ForexLive Americas FX news wrap: The reinvestment debate begins
European close: FTSE extends winning streak to 13 days
Euro zone finance ministers to discuss rescue for Italy's Monte Paschi on January 26
DJ VILLEROY DE GALHAU: ITALIAN BANK DIFFICULTIES ARE MANAGEABLE, BUT URGENT
*UNICREDIT SHAREHOLDERS APPROVE EU13B RIGHTS OFFER
Four in 10 restructured loans need fresh settlement plan http://dlvr.it/N5cYW4
Cash to last up to May at the latest http://dlvr.it/N5cYY8
Athens rebuffs reports that more tax, pension hikes are in store http://dlvr.it/N5c28y
Major cuts to pensions for those retiring this year http://dlvr.it/N5cYXW
No date for the return of the institutions in Athens decided the EWG tonight. More progress needed.Not good outcome for #Greek government.
New asylum seekers to be returned to Greece from Germany-beginning in March. More financial pressures for Greece.
DJ CEO MARCHIONNE: FIAT CHRYSLER "WILL SURVIVE" ANY EPA FINE RELATED TO ALLEGED EMISSIONS VIOLATIONS
Tax cuts coming and so is Merkel's next term as Chancellor , if they go through..
Germany fin min says tax cuts coming
SPOKESWOMAN FOR BRITISH PM MAY SAYS PM WILL MAKE SPEECH ON HER APPROACH ON BREXIT ON TUESDAY TO PROMOTE GLOBAL BRITAIN
Theresa May to deliver major Brexit speech on Tuesday
#Hungary minister: government introduces mandatory detention of asylum-seekers, against EU law, locking up everyone http://www.kormany.hu/hu/miniszterelnokseg/hirek/vissza-kell-allitani-az-idegenrendeszeti-orizetet …
EU Faces Funding Cliff Edge: https://order-order.com/2017/01/12/eu-faces-funding-cliff-edge/ …
DOJ INSPECTOR GENERAL LOOKING INTO ALLEGATIONS ASST AG FOR LEGISLATIVE AFFAIRS IMPROPERLY DISCLOSED NON-PUBLIC INFO TO CLINTON CAMPAIGN. NBC
"Getting 60 votes on a replacement plan from Senate Democrats will be problematic. They have said they have no desire to help,” Rep.Meadows.
Dem senator: Chances of keeping ObamaCare are “very good”
Leaking to be probed...
FBI's conduct to be reviewed regarding Clinton Email investigation.
As per Politico-Ukraine Gov't attempted to boost HRC in Election 2016 & DNC allegedly had contact w/ Ukraine Gov't.
Sen. Warren spars with Dr. Carson over Trump business interests
Intel Cmte chair Burr calls recess until lights come back.
I'll have to review the tape but I believe this is where Warner was when the power cut out
New CIA head agrees w/ outgoing Pentagon head Ashton Carter: Russia has other motives than fighting Daesh in MENA.
Russia appropriately noted as one of the major hot stove concerns..
Pompeo says while opposed Iran deal, if confirmed as CIA director, his role will change, focus on collection to make objective judgments
Senate panel advances James Mattis waiver to run Pentagon http://politi.co/2j5gDtk
NEW: Mattis cruises through confirmation hearing http://hill.cm/e9ic8QW
Coming from Mattison in his confirmation hearing. .
Gen James Mattis: World order is under biggest attack since WWII, mentions Russia, terrorist groups, South China Sea. Calls for deterrence.
#Mattis says Iran nuclear deal "is an imperfect arms control agreement, it’s not a friendship treaty" but US must uphold.
Breaking with Trump's past comments, Mattis says: "I would see us maintaining strongest possible relationship with NATO"
US files WTO Trade Complaint against China regarding aluminum dumping..
Amazon says it plans to create 100,000 full-time jobs in US by 2018. http://nbcnews.to/2igNjmB
Last night Graham told me he likes Tillerson, but is still undecided on his nomination.
Government ethics chief: Trump's business plan is "meaningless" http://hill.cm/7T8Z086
JUST IN: Rudy Giuliani to advise Trump on cybersecurity http://thebea.st/2j4CmBE
DNI Head James Clapper met with Trump and expressed profound dismay over the leaks to the media.
GECOL update on status of power crisis in Libya..
@vancitylibyan more bad news in terms of the disagreement withen the CDA , you have 17 members boycotting and now 13 towards other direction
Following alleged seizures of Ministries-unconfirmed reports that Tripoli Revolutionaries’ Brigade has declared a state of emergency.
Leader of Salvation Gov't takes 5 ( or 3 ) Ministries in Tripoli , HoR seizes Tourism Authority HQ - where is Serraj ?
Tripoli-based salvation government says it has taken control of three gov HQs from UN-proposed gov. Defense, Martyrs Affairs and Labour
Following up on apparent mini-coup in Tripoli , by forces allegedly aligned with Kalifa al-Ghweil..
72 hours without electricity in #Ubari. Only 4 hours of power today in #Sebha. No water, no gas, no petrol, nobody cares. #Libya #Fezzan
Ministry of Tourism emplyees in protest against #HoR members took thier offices
Odds & Ends....
Brawl in Turkey's Parliament as Constitution Reform Package debated...
US - Turkey relationship fissures on display...
Not surprised Jordan seeks aid to assist with ongoing refugees related costs..
Theories floated as to why Israeli A.F may have hit Syrian Military Base..
Russian-Turkish ceasefire in Syria is still in effect due to Erdogan despite discontent from the Opposition
Talks in Astana-Kazakhstan are expected to begin later this month with Trump entering the White House
Putin discussed Astana talks and Syrian ceasefire in phone calls today with Kazakh and Turkish counterparts
No deal. Wadi Barada battle continues as SAA advances in Baseemah
The Syrian water crisis is so big you can see it from space http://ow.ly/y74W307Rmyw
6 reported deaths , so far.