Monday, January 9, 2017

Economic News , Data & Views.... January 9 , 2017......Quick Hits For Monday -1) Markets : Asian Calendar , Data And News Of Note For Monday - Headline for Data - China CPI & PPI ; US Markets - Dow & S&P Fall Back A Bit On Monday , Nasdaq Pulls Off Minor Gains , Gold Up 10 Bucks , Crude Oil ( WTI ) Notably Off $ 2.06 , Bonds Post Gains Today ; Oil News Of Note Today ; Odds & Ends. 2) Europe In Focus & News To Notte For Monday : Beppe Grillo Scores Own Goal - Leaves UKIP & EFDD To Join ALDE , Who In Turn Reject 5SM ; Germany's Gabriel To Run Against Merkel For Chancellor ; Russian Consul For Greece Suddenly Dies In Athens ; Europe's Deep Freeze Really Hits Refugee Populations In Europe ; Additional Items Of Note. 3) US Politics - Transition Updates , US Political News De Jour. 4) Libya In Focus - Domestic & International Updates For Monday. 5) Odds & Ends.



Markets......






Economic data due from Asia today - China inflation data for December





UBS saying China 2017 GDP about 6.4%





EUR, yen, AUD extending gains, USD weakness across the board





China December CPI: 2.1% y/y (expected 2.2%) and PPI 5.5% y/y (expected 4.7%) prior 2.3%





PBOC sets USD/CNY mid-point today at 6.9234 (vs. yesterday at 6.9262)







Australia-  Weekly consumer confidence: 120.1 (prior 113.4)













US Markets......







US major indices ending the day mixed. Nasdaq closes at record level.





ForexLive Americas FX news wrap: Oil drops to three-week low






US Treasuries gain as fresh risk drives demand for haven. UK's PM May has signaled hard Brexit. 30y yields drop below 3%.









| NOC chairman Sanallah sunday: crude production now 708kbd. libya herald.





*IRAN PUMPING 3.9M-4M B/D OF OIL: NIOC DEPUTY DIRECTOR. BBG






| minister Kachikwu monday: December crude production rose to 1.9mbd. plans to sell oil blocks this year. BBG.






*KUWAIT'S MARZOUK: NOT EVERYONE MUST CUT OUTPUT ON JAN. 1. OPEC CUTS CAN BE AVERAGED OVER 6 MOS. BBG.






| min al-Marzouq: agreement was to cut prod, will be enhanced by monitoring exports. will discuss nex meeting. BBG.





| min al-Marzouq: cuts announced so far make up 60-70% of deal. confident remaining countries will comply. BBG.






Who could have seen OPEC non compliance coming ? Sarcasm off..







Europe.....





5 Star Movement leadership pushing joining ALDE just got embarrassed as ALDE rejects 5SM...








5-Star EU parliament members ready to jump into bed with pro-European liberals, but Verhofstadt's ALDE backs away






BREAK: Deal between Guy Verhofstadt’s Liberals and 5 Star movement REJECTED by ALDE MEPs having left EFDD earlier.







The end of a beautiful friendship: 's Five Star Movement has left UKIP behind & voted to join pro-EU alliance.








Germany's Gabriel will run as a candidate for Chancellor --Bild







Autopsy results expected Tuesday. consul was found dead earlier today in . No evidence of foul play so far








Europe's deep freeze causes deaths, disrupts traffic: BELGRADE, Serbia (AP) — Heavy snow and frigid temperatures…







May Signals U.K. to Quit Single Market to Curb Immigration







Merkel responds: IF BRITAIN DOESN'T ACCEPT EU'S 4 FREEDOMS IN BREXIT NEGOTIATIONS WE WILL TALK ABOUT RESTRICTING ACCESS TO SINGLE MARKET








FBI arrests Volkswagen executive on fraud charges: NYT










 

14 hours ago
- New poll shows Valls far from certain to win socialist presidential nomination. Montebourg would beat him 53% to 47%.








The cost of decommissioning North Sea oil and gasfields is to reach £24bn, wiping out any remaining tax revenues.








US Politics ......






Obamacare repeal on hold ? Trump now backs waiting to repeal the Affordable Care Act until a replacement proposal is in hand....







BREAKING: Ivanka Trump won't take WH job, will resign from officer/dir. positions she holds & will divest and restructure her own holdings







NEW: Trump son-in-law Jared Kushner will do presidential advising FOR FREE. Won't accept salary, sources tell me.






scooplet: Kushner will divest 666 5th, Thrive Capital stake, Observer into trusts for family members, acc to Gorelick. on







Apart from Alexander Bastrykin - Dmitri Kovtun and Andrei Lugovi sanctioned today.








Q re Gulen, WH Spox:'US working w Turkey closely for months to determine what kind of evidence out there to support extradition request'








Jack Ma of Alibaba meets with Trump with job creation ( 1 million jobs over 5 years in US ) on table.







A string from John to check out ( 2 -15 ) and now we wait to see what various Congressional Committees decide to do !








McConnell to Dems: Work with us to repeal and replace Obamacare







Libya......




 


DMSC statement describes Haftar & Serraj as traitors. DMSC call themselves "Sadiq Gheriani's soldiers" or "Mufti's soldiers"






If not resolved , spare diesel will last about 36 hours. And then western Libya faces a total blackout.







Refinery warns of imminent blackout in Western Region after protesters blocked pipeline.We're already facing 10+hrs power cut







political dialogue members agree to hold consultative meetings in Ghadames on Wednesday and Thursday







Reports that Agilah Saleh extended an invitation to Russian MoD officials to to discuss countering terrorism in .





announces reopening of its embassy in . Anti-GNA camp already attacking the GNA & Italy for the move.





GECOL and LIA decisions overturned by courts. A bayda court declared all GNA decisions illegal/void.





must always remember that Libyan courts in & have declared Presidential Council's decisions illegal/invalid.





The prime minster of the salvation government in Tripoli Khalifa Ghwell demands the Italian PM to pull his troops from Misrata city ASAP





Pres. Council VP Maiteeg discusses support for stability in with UN envoy Martin Kobler






Odds & Ends.....







Amazing , when you think it through...









Chinese take cash out of the country by buying bitcoin onshore, selling it offshore for another currency, and moving money to a bank account











The Chinese yuan accounted for 98% of bitcoin trading in the past six months








NAVY VESSEL FIRED THREE WARNING SHOTS AT FOUR IRANIAN REVOLUTIONARY GUARD VESSELS ON SUNDAY TWO US DEFENSE OFFICIALS TELL REUTERS







Emerging Markets crisis in the making or just an insular problem? Turkish 10y yields jump by 15bps as Lira hit fresh lows.










Lira in free fall as Dollar continues to strengthen after payrolls data showed strong wage growth.











Lira just dropped to fresh life time low as fight against dollarization hasn’t been working. Lira worst currency in 2017 w/ -4.3%.










Talks at Wadi Barada collapsed after shot at the team of technicians. decided to resume military operations in area










In addition to water crisis, now faces massive new challenge post hit on Gas processing facility Hayan










Details of the horrific night , as the killer is identified...







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