Markets.....
Good morning from Berlin. Asia mkts mixed as stocks bracing for US jobs data. #China 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 http://bloom.bg/2iKQ4f3
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
WOW - CHINA SETS YUAN FIXING AT 6.8668 VS 6.9307 DAY EARLIER
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 $CNH. 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...
(updated) Australian November trade surplus, a HUGE beat http://news.forexlive.com/!/australia-trade-balance-for-november-m-expected-550m-prior-1541m-20170106 …
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.
US & Europe Markets....
Bonds & Bullion Bounce But Banks Bruised And Bitcoin Bloodbath'd http://www.zerohedge.com/news/2017-01-05/bonds-bullion-bounce-banks-bruised-and-bitcoin-bloodbathd …
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 ...
Germany....
New surveillance footage shows Berlin attacker Anis Amri fled via Amsterdam, Brussels, and France to Italy. http://dw.com/p/2VJxG
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 ?
Greece.....
Greek Tax Office Not Ready to Implement Program for Electronic Payment Receipts http://dlvr.it/N2kBvw #Greece
#Greece 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.
Seems Trump is a Grexit advocate...
Italy....
Italy region may go to 4 day work week. That sounds like a French idea !
UK....
Good.
Spain....
Spanish Banks , in a surprise ruling , may be exposed to bilions to borrowers..
Spain still a Democracy ?
Portugal....
Portugal's 10-year yields hit 4% for the first time since February as ECB cuts back its bond buying http://on.ft.com/2iHKGHt
France....
Macron gains on Fillon, Le Pen in new French election poll http://reut.rs/2iMDYCt
US Politics.....
In reply to Washington Post
Ludwig W
.@washingtonpost 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 http://reut.rs/2iOckVF
House votes to condemn anti-Israel resolution at the United Nations
.@SeanHannity: “Let’s look at the government agencies that have been hacked into since @POTUS took office.”
GOP senator: Don't include defunding Planned Parenthood in Obamacare repeal http://hill.cm/caylGnS
GOP senator: Republicans shouldn't repeal ObamaCare without a better solution http://hill.cm/fw0vtDs
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......
Interesting......
DNC: FBI never examined our hacked servers http://hill.cm/ybLWQ6I
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 https://goo.gl/qtIy2x
TOYOTA 'LOOKS FORWARD' TO COLLABORATING W/ TRUMP ADMINISTRATION
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
http://hill.cm/Q7kPnaJ
U.S. finds link Russia used to send WikiLeaks hacked emails: http://hill.cm/WLYaux9
Former CIA director splits from Trump team http://hill.cm/M0hvooC
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 !
fred walton @fredwalton216
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. http://reut.rs/2hWgM3f
China and South Korea likely to be designated as currency manipulators...this will occur on new Trump Administration's watch.
Mexico......
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 #Trump'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 http://cnn.it/2jhUSJL
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 http://www.zerohedge.com/news/2017-01-05/looting-riots-mexico-spiral-out-control-over-20-gas-hike-hundreds-arrested
UPDATE 1-Mexico's central bank selling dollars to bolster local currency http://dlvr.it/N2cgFw #usDollarRpt http://goo.gl/nnFPIZ
Odds & Ends.....
( Much more & especially MENA related , at Twitter T.L.)
Turkey....
Why Turkey is looking forward to Trump administration - by @hilal_kaplan | DS Column
http://sabahdai.ly/IwOKY8
Gov’t revokes Journalist Amberin Zaman’s press card, brings total to 623 || http://turkeypurge.com/govt-revokes-journalist-amberin-zamans-press-card-brings-total-to-623 …
Turkey asserts 'right' to close key base for coalition http://f24.my/2ieQib8
fred walton @fredwalton216
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 #PKK responsible killing 2, wounding 7" - #Izmir governor statement on courthouse bombing
https://d8news.com/explosion-izmir-courthouse-police-checkpoint-1610 …
Libya....
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 #powercuts in the #Tripoli area! For every 12 hr cut 3 hours of electricity .. I mean what the hell is going on?
#Chad closes border with #Libya over 'terror threat'
https://www.yahoo.com/news/chad-closes-border-libya-over-terror-threat-174927163.html …
Hopefully , those jockeying for power in Libya don't derail restoration of exporting abilities of NOC.
Military source: Libyan army & air force destroy part of terror group convoy escaping the Ganfouda area of #Benghazi
http://alwasat.ly/ar/news/libya/129225/ …
Unidentified group destroys a Man Made River line linking Ash-Shwayrif and Bani Walid. #Libya
http://alwasat.ly/ar/news/libya/129221/ …
Military Source: 8 vehicle #ISIS convoy fleeing #Benghazi captured south of #Ajdabiya
http://alwasat.ly/ar/news/libya/129235/ … #Libya
Iraq ....
Iraqi Kurdish authorities say 9 members of the armed forces are being investigated for trading with IS members http://ow.ly/FdzM307IDV7
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.
Syria.....
Up to 32 prisoners - inc. 3 children - alleged killed when al Nusra faclity bombed in unilateral US strike Jan 3rd https://airwars.org/coalitioncivcas2017jan-mar/ …
Seems strategy of Syria Gov't , Iran and Russia could be - clear out other rebel areas first , then deal w/Idlib.
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