Tuesday, January 17, 2017

Economic News , Data & Views.... January 17 , 2017 ..... Quick Hits For Tuesday -1) Markets : Asia Economic Calendar For Tuesday , Data & Market Moving News ; US & Europe - US & Europe Major Stock Indexes Lose Ground Today ( Red Flag Day ) , FX Volatility Highlighted by GBP/USD Cross , USD/MXN Cross Movement Stalls At 38.2 ( Fib Number ) & Awaits Trump , Aussie Dollar Also Strong Vs USD Today ; Oil Essentially Treads Water Today ; Additional Items Of Note. 2) Europe In Focus : UK In Focus - Theresa May Sets Forth Vision For Brexit ; Greece in Focus - Syriza Folds To Creditor Demands Once Again ( Surprise , Surprise , Surprise ) ; Italy In Focus - Budget Dilemma , Italian Gov't Still Needs To Work Through Budget Issues With EUC ; Ukraine & Russia Fencing With Each Other Again ; Additional Items Of Note. 3) UD Political Round Up Of News & Views. 4) Odds & Ends - Libya , Iraq , Syria & Turkey In Focus !



Markets.....



Asia - Updated As Relevant ....





Economic data due from Asia today (Fed speaker the highlight)



All China new home prices +12.4% y/y in December




China said to intervene in stock market this week as Xi attends Davos





Another big injection of cash from PBOC - about $67B today according to traders







PBOC to inject total CNY 460bln via reverse repos - CNY 200bln via 7-day - CNY 260bln via 28-day







PBOC sets USD/CNY mid-point today at 6.8525 (vs. yesterday at 6.8892)





China press: PBOC adviser Fan sees stronger yuan vs. dollar







China approves public-private partnerships to sell ABS as local govts struggle to support $814b in outstanding notes







Australian politics: PM to hold presser (2315GMT). Cabinet reshuffle coming.



US & Europe.....





US stocks end lower. Can't get in the black.




The Australian dollar took out some big levels today





A day closer to the inauguration. USDMXN stalls at 38.2% retracement




US crude oil futures close at $52.48/barrel





FTSE suffers despite a strong Brexit message from May




Pound rallies strongly as May confirms her Brexit plans


Europe.....





Once again , Syriza backs off prior harsh rejection of creditor "dictates" , as it always does.










budget revenues, primary expenditure, primary surplus performance in 2016 at a glance.









Official data on migrants unreliable








Housing provided by for in northern Greece. No heating, no running water, broken toilets and 2 families in 2 bedroom flats.










By 351 votes to 282 on the 4th round of votes, Italian Conservative Antonio Tajani elected new European Parliament President.







ITALY GOVERNMENT WILL DECIDE IN COMING DAYS HOW, OR IF, TO RESPOND TO EUROPEAN COMMISSION REQUEST ON BUDGET - TREASURY SOURCE






BANK OF ITALY SAYS MONTE DEI PASCHI RESTRUCTURING PLAN TO BE PRESENTED AT BEGINNING OF FEBRUARY, HOPES FOR ECB APPROVAL WITHIN WEEKS







CHINA: Freight train service from eastern China to London has been launched, taking 18 days to cross over 12,000km.








UK PM May’s vision given warm reception by GBP. Pound now up 2.8%.







Sad process, surrealistic times but at least more realistic announcement on . EU27 united and ready to negotiate after Art. 50.
















BREAKING Final deal on Britain's exit from the EU will be put to a vote of both Houses of Parliament, says Theresa May







May seeks 'new & equal partnership' w EU - 'not partial membership of EU, associate membership or anything that leaves us half in half out'







UK Chancellor Hammond: UK Will Respect Political Red Lines Set Out By EU Political Partners - RTRS






RUSSIA'S GAZPROM SAYS UKRAINE HAS TO PAY $5.3 BLN WITHIN 10 DAYS






RUSSIA'S GAZPROM SAYS CHARGES UKRAINE'S NAFTOGAZ WITH $5.3 BLN FOR GAS






Ukraine files case at UN's top court accusing Russia of sponsoring 'terrorism'







Is President Xi the new leader of the "Free World " ? Davos crowd swooning over his Xi speech today...







No question his speech directly at looming nemesis Donald Trump...








US Politics.....







File under - Why Wait For January 20th to talk impeachment of Donald Trump ?






President Obama has granted another round of commutations and pardons to 209 people






President Obama rolling out the controversial pardons /commutations of sentences today...







This "should" be quite controversial in my opinion , but what do I know ?







Had a feeling this might occur. Chelsea Manning has sentence commuted by President Obama. ...










He also claims he was brainwashed and carried out the attack due to government mind control...







If this somehow winds up becoming law , we're opening a major can of worms....









McCain: Leak of unverified Trump report "totally wrong"








Mattis seen as saving grace by folks at the Pentagon ?







Odds & Ends.....



Libya....





Political intrigue brews...














The extent of the that started in on evening of January 17 #2017. The day before I enjoyed 20 mins of electricity at home










Same thing now, Western & Southern Libya complete blackout






Black out in , many say they have no power .







Put the title to the side and consider the full article -especially the closing two paragraphs.








In south , workers of the hospital of must stop to work due to lack of fuel in the generators. 9th days without electricity.






PC/ GNA demands CBL release desperately funds..







After recent power outages- Libya's landline company warns Libyans next could face disruptions in telephone services







Man-Made River system repairs completed , water supplies to Tripoli should return Wednesday.Tripoli power outages delayed return of water.







Militia roadblocks in many parts of Tripoli today.




Italy and Malta presented plan to EU yesterday for working with Libya to stem flow of migrants. Details not yet released.





Syria....





Confirmed - Jaish al-Islam's will lead an 8-man opposition delegation staffed entirely by armed group leadership figures.








: The delegation features: Jaish al-Islam (x2) Faylaq al-Sham (x2) Shuhada al-Islam Jabhat al-Shamiya Tajamu Fastaqim Liwa Sultan Murad







Russians have conducted more airstrikes in Deir Ezzor today than they did in the entire month of December.







Today, Special Forces (SAA & allies) were air lifted to Deir-ezzour by helicopters to deir-ezzour, I heard.






Forces in Deir-ezzzour are trying to re-establish the link lost between the airport and the city now.







Impact of Russian intervention , can't be under minimized for Syrian War....







Iraq.....







Life is returning to normal in some parts of Iraq's Mosul - once dominated by ISIL









US military official: 85-90 percent of eastern Mosul cleared of ISIS militants








"The Battle for in Maps" via , w/ great visuals based on ISW's mapping of the anti- fight:







BREAKING: 's special forces retook the Al-Zira'i district in and the Great Mosque is being cleared.








I dont get it: US, Russia, Syria &Turkey pound from ground &air yet group still in AlBab, Mosul &Raqqa. AND now ISIS attacks DeirEzZor







Turkey......












Brussels intel links planned purges by Erdogan before coup ( not Gulenists ) , as being spark for July 15th coup attempt...