Tuesday, January 31, 2017

Economic News , Data & Views ...... January 31 , 2017 ..... Quick Hits for Tuesday - 1) Markets : Asia Calendar Has New Zealand Employment Data (Q-4 ) , Australia Manufacturing PMI , Japan Manufacturing PMI and China Manufacturing & Non Manufacturing PMI Tonight ; US Stock Indexes Have a Positive Start For January , Although Basically Unchanged For Today . Oil Modestly Higher Today , But Private Inventory Data Shows Bigger Builds Than Generally Expected. Additional Items Of Note. 2) Europe In Focus - Top News Items From France , UK , Germany , Greece , EZ/EU For Consideration. 3) US Politics - Top News For The US Political Scene Including Trump Tweets For Tuesday , Hot Button Political Issues And Confirmation Updates , Additional Items Of Note.4) Odds & Ends - Syria & Libya In Primary Focus.



Markets.....




Asia....




Economic data due from Asia today - (China PMI data!)





China official January Manufacturing PMI: 51.3 (expected 51.2, prior 51.4)





China data: January Non-manufacturing PMI: 54.6 (prior 54.5)







1 hour ago
Japan - Nikkei Manufacturing PMI (January, final): 52.7 (flash 52.8, prior 52.4)






1 hour ago

South Korea Nikkei Manufacturing PMI Jan: 49 (prev. 49.4)






Japan forecasters expect GDP likely to grow around 1% through fiscal 2017







New Zealand - Q4 employment data. Unemployment rate for Q4: 5.2% (expected 4.8%)



Australia - manufacturing PMI (January): 51.2 (prior 55.4)



US.....





FOR THE MONTH, THE DOW UP 0.5 PCT, S&P 500 RISES 1.8 PCT, NASDAQ UP 4.3 PCT




S&P 500 UNOFFICIALLY CLOSES DOWN 2.18 POINTS, OR 0.10 PERCENT, AT 2,278.72





NASDAQ UNOFFICIALLY CLOSES UP 0.06 POINTS, OR 0.00 PERCENT, AT 5,613.78






Crude oil futures settle at $52.81 /barrel







OIL - OPEC's 82% compliance with output cut agreement: "a good number"



OIL - Private inventory data shows bigger than expected build



CRUDE +5.83mb GASOLINE +2.86mb DISTILLATES +2.27mb CUSHING -0.906mb





Europe.....




France.....





Le Pen spurns deadline, refuses to repay €300,000 to EU Parliament in misused funds scandal








Will be interesting to see what Plan B is , if there really is one. Primary loser Alain Juppe seems logical route.








Penelope-gate undermines Fillon's lead over Macron, falling to 1 percentage point (22 v 21%). Le Pen in poll position on 25% for 1st round





Penelope Fillon received a total €900,000 for fictitious job, not €500k as prvly reported ~






Fillon probe heating up quickly - first he and his wife were interrogated yesterday. Today his office at the National Assembly was raided...







UK....




British MPs set Feb 20 for debate on Trump state visit





Spanish MEP: Scotland must join the EU membership queue behind Albania, Macedonia, Montenegro, Serbia & Turkey.







PM May moving forward , Brexit White Paper to be released Thursday.







Looks like Article 50 will be triggered on March 9th....












Theresa May wants to avoid triggering Art50 too close to 60th anniversary of Treaty of Rome. Symbolism matters, as I wrote last October.







Germany....





Global pessimism and uncertainty over trump policies will hurt growth period...







Germany will say talk to the "nein" hand...






Peter Navarro says Berlin exploits neighbours and US and is an obstacle to deal with EU.







Greece....






Frankfurt and Brussels poring over PPC deal







Regling: Creation of EU bad bank would be ‘valuable’ move








Greece's Alpha Bank to sell Serbian subsidiary








Opposition parties react to leftist MP’s Grexit comments








: Metron Analysis / Ant1 Poll ND 25.8% SYRIZA 15.6 GD 5.6 KKE 5 DimSym 4.9 Centrists U 2.3 ANEL 2.1 Potami 1.7 LAE 1.5 Plefsi 1.5









Schauble spokesman - “Further payments depend on the successful completion of the program’s review and the participation of the IMF.”








EU/EZ.....






Will the 27 heed Tusk's call ?








BREAKING: European Council President lists Trump Administration's foreign policy among one of the external threats to the European Union







'Joy and concern' as Eurozone unemployment falls, growth accelerates, but inflation rises by






centrifugal forces keep rising. Italy 10y risk premium over Germany jumps to highest in 3yrs.






US Politics......






Interesting tweet , in hindsight. .






When will the Democrats give us our Attorney General and rest of Cabinet! They should be ashamed of themselves! No wonder D.C. doesn't work!







Trump choses US appeals court judge Neil Gorsuch for Supreme Court





Solicitor general Neal Katyal, who served under Obama, says he "strongly" supports Gorsuch for the court.









1 hour ago
Trump nominates three for top jobs at Justice Department









Report: DHS preparing to “soften” Trump’s travel ban?



74% of physicians demand changes to Obamacare



Roughly 900 U.S. State Department officials have signed an internal dissent memo against Trump's immigration order, source says - Reuters






This is the 2nd cancelation of an announcement signing of an Executive Action. The first was for re : voting fraud.










WH scrubs signing of Executive Order on cyber security. He said it would set strategy to defend & protect federal networks & data.








Spotted on the briefing room podium. Was passed to Sean Spicer during the briefing.








JUST IN: US Senate confirms Elaine Chao as secretary of Transportation -







White House says it is "outrageous" and "embarrassing" for Senate Democrats to be missing confirmation hearings.






DJ MCCONNELL FURIOUS AFTER DEMOCRATS INVOKE RULE THAT STOPS TUESDAY'S COMMITTEE VOTES ON CABINET NOMINEES







Democrats say they are boycotting Senate Finance Cmte. meeting on Pres. Trump's Health and Treasury nominees, delaying confirmation process







It's getting ugly...








Morning Joe discusses Trump reaction to dissent...Joe and Trump have been on good terms , of late....









No explanation provided so far , for why the Acting ICE Director was replaced and demoted..









Also add Acting ICE Director was replaced last night as well.








Odds & Ends.....





They can open all the embassies in but we can't go abroad due 2no cash in banks & lack of






HoR member for Kufrah kidnapped in . Security forces have located his place & negotiating his release






Gunmen kidnap House of Representatives member Jibreel Zawi in front of his house in Tobruk today







to make a comprehensive assault to cut supply rout between and .








Good breakdown of groups lining up with either Ahrar or AQ..









US Defence Department confirms that it provided armoured vehicles to Syrian Arab Coalition, a component of YPG-led SDF








After the infighting, assassination within rebels and jihadists area : 2 rebels anti- commanders assassinated in their home said:









Breaking News: Sarraj's budget director (UN-appointed GNA) kidnapped tonight in Tripoli. Maybe It's safe for Kobler. Not for others.