Thursday, January 5, 2017

Economic News , Data & Views ...... January 5 , 2017..... Quick Hits For Thursday - 1) Markets : Asia Calendar & News , Data & Opinions Touching On Asia For Friday ; US Stocks Essentially Flatline Before US N.F.P & Employment Situation Report ; Europe Indexes Similarly Tread Water On Thursday ; Debt Shines , Oil & Gold Bounce , USD Gets Tommy- Hammered Today. 2) Europe In Focus - Interesting News & Data For Greece , Germany , Italy , Spain , UK & , Portugal , France. 3) US Politics - Post-Election Politics Apart From Trump , Transition Items De Jour , Foreign Policy Items , Food for Thought. 4) Mexico Becoming Messier - Day By Day. 5) Odds & Ends.


Good morning from Berlin. Asia mkts mixed as stocks bracing for US jobs data. lower as Yuan drops after enjoying its biggest 2d rally

Economic data due from Asia today

China’s govt has compiled list of possible retaliatory measures against US companies in event Trump starts trade war

Monetary Authority: the quota of 10 billion intraday repo has been used up.

CNH plunges >700 pips or 1% below 6.86 largest 1-year single day decline after likewise rally. PBoC likes roller coaster?

Hong Kong's offshore yuan overnight borrowing rate fixed at 61.333% for Friday


PBOC strengthens dollar-yuan fixing by the most in 11 years

PBOC sets USD/CNY central rate at 6.8668 (vs. yesterday at 6.9307)

overnight CNH rates hits 105% early ...

Boom !!!!!!

Here we go.. Overnight rate spikes 4,000 bps 90% (note: touched 100% Thursday)

Excellent analysis of . You should most definitely read >>

PBOC drains 595bn in the week (vs 375bn last week)

PBOC injects 10bn via 7-day reverse repos, 70bn via 28-day reverse repos; guages 14-day demand, but not heard of any ops here yet...

Australia Trade Balance for November: SURPLUS $1243m (expected -$550m, prior -$1541m)

Japan data - November Labor Cash Earnings: 0.2% y/y (expected +0.2%, prior 0.1%)

JN Foreign Buying Japan Stocks (JPY): 58.5bn (prev 114.1bn)

JN Buying Foreing Bonds (JPY): -501.4bn (prev -216.7bn)

More on Japan PM Abe: "This is the year when we follow through on work reforms"

If bitcoin was going to be used to avoid capital controls - undoubtedly , China was going to clamp down.

crashes below $1000 as drives Yuan higher by most since 2005.

US & Europe Markets....

Nonfarm Payroll report due Friday morning US time .... will it be a snow job?

ForexLive Americas FX news wrap: US dollar drops

US Crude oil futures settle the day at $53.76 per barrel

Not much difference between the indices at the European close

Europe In Focus ...


New surveillance footage shows Berlin attacker Anis Amri fled via Amsterdam, Brussels, and France to Italy.

Berlin truck attacker Anis Amri used at least 14 names, German police say

Schulz is correct - EU is treading water and plenty of blame to go around as to why.

Perhaps everyone should wait and see how things develop before swiftly jumping to conclusions ?


Greek Tax Office Not Ready to Implement Program for Electronic Payment Receipts

aims to clear arrears by Feb & get tranche of 1.8 bln for net arrears clearance in Mar, regardless of 2nd review, MoF sources say.

Evolution of general government arrears (incl tax refunds) to the private sector since Dec'15.

Seems Trump is a Grexit advocate...


Italy region may go to 4 day work week. That sounds like a French idea !




Spanish Banks , in a surprise ruling , may be exposed to bilions to borrowers..

Spain still a Democracy ?


Portugal's 10-year yields hit 4% for the first time since February as ECB cuts back its bond buying


Macron gains on Fillon, Le Pen in new French election poll

US Politics.....

 In reply to 
. Buried in this article is following 1. Celebration not taken as proof 2. No new bombshells even in classified report

Democrats demand probe of Trump health nominee

House votes to condemn anti-Israel resolution at the United Nations

.: “Let’s look at the government agencies that have been hacked into since took office.”

GOP senator: Don't include defunding Planned Parenthood in Obamacare repeal

GOP senator: Republicans shouldn't repeal ObamaCare without a better solution

So how and why are they so sure about hacking if they never even requested an examination of the computer servers? What is going on?

The Democratic National Committee would not allow the FBI to study or see its computer info after it was supposedly hacked by Russia......


DNC: FBI never examined our hacked servers

Dan Coats selected as Director of National Intelligence.

ISIS is a blunt object , utilized for political purposes at times - even by foes, it would appear.

China warns it will increase the scrutiny of US firms if Trump starts a feud - BBG


This of course will go nowhere , but good grandstanding opportunity!

JUST IN: White House: Chicago torture video demonstrates level of depravity that is an outrage to lots of Americans.

Rand Paul pitches Freedom Caucus on alternate plan for ObamaCare

U.S. finds link Russia used to send WikiLeaks hacked emails:

Former CIA director splits from Trump team

Another bad Trump sign. Woolsey one of the most talented and intelligent people around. Bill Clinton didn't like him either-to JW's credit.

Intel Agencies commit espionage , attempt to influence outcomes in foreign elections -Spies actually do spy.

Someone should share this insight with GOP in Congress and VP Mike Pence - their views seem different.

NEW: Florida Attorney General Pam Bondi will be named to a post in the Trump White House, sources tell me. Trump aides finalizing her role.

Ha Ha Ha !


US boots are on the ground , despite any statements to the contrary..

Where did this apparently false notion come from ?

Reasonable minds probably agree both Casper and Assange , just might be viewed as having credibility issues.

LIVE: Russia poses 'major threat' to U.S. government, military and other infrastructures - U.S. intelligence chiefs.

China and South Korea likely to be designated as currency manipulators...this will occur on new Trump Administration's watch.


Photos capture anger in Mexico over snap 20% fuel hike !

Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for U.S. NO WAY! Build plant in U.S. or pay big border tax.

Following President-Elect 's tweet about Toyota here are the notable carmakers in Mexico....

Sources: President-elect Donald Trump will ask Congress, not Mexico, to pay for border wall

Mexico is a place we really need to keep eyes on...especially with current fx problemas.

Mexico going a bit haywire...

Looting, Riots In Mexico Spiral Out Of Control Over 20% Gas Hike; Hundreds Arrested

UPDATE 1-Mexico's central bank selling dollars to bolster local currency

Odds & Ends.....

( Much more & especially MENA related , at Twitter T.L.)


Why Turkey is looking forward to Trump administration - by | DS Column

Gov’t revokes Journalist Amberin Zaman’s press card, brings total to 623 ||

Turkey asserts 'right' to close key base for coalition


Turkey casts more shade at US...

This man likely prevented catastrophic deaths and injuries. The man is a hero.

PKK thought by Turkey as force behind today's terror event.

Update: "Info suggests responsible killing 2, wounding 7" - governor statement on courthouse bombing


Sanalla handing of Zawia refinery fuel smuggling Nasr PFG brigade: Sanalla for next PM/President?! Hope he increases his personal security.

Serraj TV speech: Pres Council "did not fail" Yet in London interview with me last autumn he admitted PC has achieved nothing since March?

A new timetable for the in the area! For every 12 hr cut 3 hours of electricity .. I mean what the hell is going on?

Hopefully , those jockeying for power in Libya don't derail restoration of exporting abilities of NOC.

busts terror cell near Monastir connected to terrorists in Tunis & abroad - at least 9th cell busted since Anis Amri attack

Military source: Libyan army & air force destroy part of terror group convoy escaping the Ganfouda area of

Unidentified group destroys a Man Made River line linking Ash-Shwayrif and Bani Walid.

Military Source: 8 vehicle convoy fleeing captured south of

Iraq ....

Iraqi Kurdish authorities say 9 members of the armed forces are being investigated for trading with IS members

More than 26,000 US bombs drop-in 2016 , on 7 countries. Not a shocker but 90+% in Iraq and Syria.

ISIS appears to be extremely short of funds in Mosul , thus exorbitant demands on trapped civilians for electricity.

The Car bomb explosion is in Bab al-Moadham .


Up to 32 prisoners - inc. 3 children - alleged killed when al Nusra faclity bombed in unilateral US strike Jan 3rd

Seems strategy of Syria Gov't , Iran and Russia could be - clear out other rebel areas first , then deal w/Idlib.

Over 150 Syrian Turkish proxies killed in (1500 Turkish forces and 5500 Syrian proxies involved).

confirmed: 41 Turkish soldiers and officers killed since the operation "Euphrates Shield" in city against .

Over 16 killed (count not final) at least in explosion today .