Markets.....
Asia......
APac risk events incl. Chinese Caixin Services & Composite PMI releases, a 10-Year JGB auction & the yuan following the rally in EU/US trade
Economic data due from Asia today - China, Japan PMIs (yes, more)
O/N Hibor rate fixed at 38.335% (prev fix 16.94767%)
PBOC fixes yuan @ 6.9307 (prev fix 6.9498, prev close 6.9306)
CH Caixin Services PMI (Dec): 53.4 (prev 53.1)
CH Caixin Composite PMI (Dec): 53.5 (prev 52.9)
https://www.markiteconomics.com/Survey/PressRelease.mvc/d75e326de44b49cebfb0901d2f311b91 …
Japan Dec PMIs:
- Manufacturing at a 12-month high
- Services at an 11-month high
Here come to Algos again? Euro/USD just popped 60 pips
Another Asia Flush in FX
and now USDJPY is tumbling
USD/Yen..
USD/JPY testing 117.00
To withstand a currency attack China
would need between $1.75 trillion (with capital controls) and $2.82 trillion (no
capital controls): IMF
And now USDCNH is spiking
JUST IN: Inflation in the Philippines rises to 2-year high
Australia - Services PMI for December: 57.7 (smashing the prior of 51.1)
Massive short-squeeze in offshore yuan during the day session, overnight yuan deposit rates have exploded 31.5% points higher to 45%....
Massive short-squeeze in offshore yuan during the day session, overnight yuan deposit rates have exploded 31.5% points higher to 45%....
#Bitcoin just hits an All-Time high as currency, capital curbs fuel gains in #China, #India, #Venezuela. (BBG)
US & Europe.....
DOW JONES UNOFFICIALLY CLOSES UP 57.16 POINTS, OR 0.29 PERCENT, AT 19,938.92
S&P 500 UNOFFICIALLY CLOSES UP 12.58 POINTS, OR 0.56 PERCENT, AT 2,270.41
NASDAQ UNOFFICIALLY CLOSES UP 47.00 POINTS, OR 0.87 PERCENT, AT 5,476.09
*KOHL'S CUTS YEAR FORECAST, SHARES DOWN POST MARKET
KOHL'S SHARES DOWN 8.4 PCT IN EXTENDED TRADE AFTER HOLIDAY SALES RESULTS, OUTLOOK
DJ MACY'S DETAILS PLANS TO CLOSE STORES, CUT 10,100 JOBS
DJ MACY'S CLOSING 68 STORES, INCLUDING 63 IN SPRING 2017
$0.93. +1.78%.
OIL - inventory survey shows a bigger than expected draw in US crude stocks
#Venezuela | Pres Maduro wednesday names Citgo president Nelson Martinez new petroleum minister, replacing Del Pino. reuters. #OOTT
CRUDE -7.4mb
GASOLINE +4.25mb
DISTILLATES +5.24mb
CUSHING +0.482mb
Dollar Bulls Ignore the Fed’s Warnings http://www.bkassetmanagement.com/currency-focus/dollar-bulls-ignore-the-feds-warnings_10327/ …
ForexLive Americas FX news wrap: Dollar turnaround after FOMC Minutes
US dollar fades down the stretch, stocks stay strong
This guy reckons the bond market will see a worse 'massacre' than 1994
Goldman on TSYs: "We forecast negative total returns, unseen since 2013, with Europe, Japan particularly vulnerable due to low coupons."
Miniscule gains for most European stocks at the close
Europe......
Italy wants EU Agencies to censor the Internet. 2016 Elections/Referendums really shook politicians up , I see.
Theresa May is prepared to pull out of single market unless Britain is given full control of borders: Telegraph
Congrats to my predecessor (but 2), Sir Tim Barrow, on his appt. Huge EU experience + deep knowledge of Eastern Europe
Looks like Sir Ivan Rogers was not trusted any longer. Serving two masters ?
Athens International Airport Achieves Record Passenger Traffic in 2016 http://dlvr.it/N2GZF0 #Greece
Farmers Meet With Minister to Challenge Changes in their Social Security, Taxation http://dlvr.it/N2GZ7Z #Greece
Poll: Greeks Lose Faith in the Euro Currency Bloc http://dlvr.it/N2Fwy9 #Greece
Ayslum claims could triple in 2017 - at what point do these claims overwhelm the court system?
So,now is confirmed: Anis Amri crossed 4 country borders (Netherlands Belgium France Italy) before being killed in Milan
(here in Bruxelles)
German investigators say Berlin attacker Amri posed in front of CCTV at a nearby train station just after the attack, doing IS-salute.
Police have raided homes (a refugee shelter and a flat) of two suspected associates of Berlin market attacker Amri. http://www.dw.com/p/2VDmd?tw
DJ DEUTSCHE BANK'S ANTI-FINANCIAL CRIME CHIEF TO QUIT -- SOURCE
Meanwhile, in Germany, record high employment and record low unemployment https://www.destatis.de/EN/PressServices/Press/pr/2017/01/PE17_001_13321.html …
QE has resulted in the ECB becoming the only marginal buyer of Italian sovereign debt at such low yields @astelloncapital
US Politics....
Apart from being very skeptical , Trump looks toward restructure of top Spy & Intel Agencies...
DNC: FBI never examined our hacked servers http://hill.cm/ybLWQ6I
In Massive Blow To California Unions, A Second Court Rules That Pension Benefits Can Be Reduced http://www.zerohedge.com/news/2017-01-04/second-california-court-rules-pension-benefits-can-be-reduced …
Ex-Sen Dan Coats frontrunner for director of nat'l intelligence, sources tell me. Also in mix: Fran Townsend, Adm Mike Rogers, John Bolton.
VP ELECT PENCE: PLAN TO PASS TAX REFORM 'BEFORE SPRING'
GOP preparing legislation to defund the UN. Leading the effort in Senate-Graham & Cruz. In the House-Rep Gohmert.
SENATE HAS VOTES TO ADVANCE BUDGET MEASURE AIMED AT OBAMACARE: BBG
VP Pence says Trump plans to roll out Executive Orders , commencing on Day One , to begin Obamacare repeal.
Trump and Pence to meet with CIA's John Brennan, FBI's James Comey, DNI James Clapper Friday on Russia's role in U.S. hacking, per Spicer.
6 string tweet on alleged russian hacking intel briefing & comments/tweets from PEOTUS , regarding same.
Trump warns Republicans to ‘be careful’ in repeal of Obamacare https://hedgeaccordingly.com/2017/01/trump-warns-republicans-to-be-careful-in-repeal-of-obamacare.html …
VP Pence calls for Obamacare repeal bill by Feb 20th.
Libya.....
( Much More At Twitter T.L , Just Current & Highlights Here. )
Sanallah says Ras Ajdair agreement meant to legalize smuggling
https://goo.gl/Xb9paO
HoR's primacy must be recognised says Ageela Saleh - https://www.libyaherald.com/2017/01/04/hors-primacy-must-be-recognised-says-ageela-saleh/ …
Serraj cancels all unilateral Majabri appointments, insists PC has not failed - https://www.libyaherald.com/2017/01/05/serraj-cancels-all-unilateral-majabri-appointments-insists-pc-has-not-failed/ …
Misrata councils condemn airstrike on Al-Jufra, mobilize troops to fight Haftar’s forces
https://www.libyaobserver.ly/news/misrata-councils-condemn-airstrike-al-jufra-mobilize-troops-fight-haftar%E2%80%99s-forces …
Sanalla publicly names Western PFG head Mohamed Kashlaf in fuel smuggling accusation https://www.libyaherald.com/2017/01/04/sanalla-publicly-names-western-pfg-head-mohamed-kashlaf-in-fuel-smuggling-accusation/ … via @libyaherald
U.S. State Dept expresses concern about recent #Libya military escalation, calls for parties to avoid violence.
http://alwasat.ly/ar/news/libya/129150/ …
Haftar to Italian Newspaper: Libyans are still paying price for Gaddafi's reign.. Saif has no future in politics.
http://alwasat.ly/ar/news/libya/129155/ …
Marshal Khalifa Haftar: Vladimir #Putin has confirmed his commitment to lifting the arms embargo on #Libya. #Russia
http://alwasat.ly/ar/news/libya/129140/ …
Migrant boat heading to Europe leaving from the shores of Tripoli, where the UN backed government controls only a few square km. #Libya
President of PC Serraj says that all the appointments made by Fathi al-Majbri in last few days are void & have been cancelled. #Libya
GNA Deputy PM Maiteeq seemingly invites Russia to mediate disputes plaguing Libya. Russia the new " Go To Guys " ?
Noteworthy-Ibrahim Bushanaq rejects his appointment as Minister of Justice , despite nomination by PC's Mijibri.1
Security Source: LNA Air Force bombards the Tagrift Martyrs Brigade HQ in Houn. #Libya
http://alwasat.ly/ar/news/libya/129098/ …
Algerian diplomatic efforts in #Libya dealt a blow w/ the surprise resignation of Pres. Council Deputy Moussa Kouni
http://alwasat.ly/ar/news/libya/129068/ …
Black market dollar price wavering btwn 6.30 - 6.40 dinars. Business acq. says its unlikely 2 go down soon. #Tripoli #Libya
Odds & Ends....
ISIS in desperate financial straits in Mosul these days - extortionist demands placed on citizens under their thumb.
Fukoku Mutual Life replacing 34 claims reps with IBM'S Watson Explorer-three other Japanese Insurers exploring A.I.
Elijah J. Magnier @EjmAlrai
Defence Minister Işık: "Coalition forces not supporting the TSK in its al-Bab operation... brings into question the Incirlik Base."
Divergence between offshore and onshore yuan continues to widen...
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