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)
Updated-->USD/JPY drops sharply under 116.00 http://news.forexlive.com/!/usdjpy-drops-sharply-under-11600-20170109 …
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 #Brexit risk drives demand for haven. UK's PM May has signaled hard Brexit. 30y yields drop below 3%.
*IRAN PUMPING 3.9M-4M B/D OF OIL: NIOC DEPUTY DIRECTOR. BBG
*KUWAIT'S MARZOUK: NOT EVERYONE MUST CUT OUTPUT ON JAN. 1. OPEC CUTS CAN BE AVERAGED OVER 6 MOS. BBG. #OOTT
#Kuwait | #oil min al-Marzouq: #OPEC cuts announced so far make up 60-70% of deal. confident remaining countries will comply. BBG. #OOTT
Who could have seen OPEC non compliance coming ? Sarcasm off..
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: #Italy's Five Star Movement has left UKIP behind & voted to join pro-EU alliance. http://www.newsweek.com/five-star-movement-ukip-alde-alliance-european-parliament-540327 …
Germany's Gabriel will run as a candidate for Chancellor --Bild
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 http://reut.rs/2j95Rlg
Vincenzo Scarpetta @LondonerVince
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 @TheTerminal
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 http://hill.cm/pwsqvni
Mohamed Eljarh @Eljarh
DMSC statement describes Haftar & Serraj as traitors. DMSC call themselves "Sadiq Gheriani's soldiers" or "Mufti's soldiers" #Libya
If not resolved , spare diesel will last about 36 hours. And then western Libya faces a total blackout.
#Zawiya Refinery warns of imminent blackout in Western Region after protesters blocked pipeline.We're already facing 10+hrs power cut #Libya
The prime minster of the salvation government in Tripoli Khalifa Ghwell demands the Italian PM to pull his troops from Misrata city ASAP
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 http://bloom.bg/2hYcZ5F
#US 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 #Turkey problem? Turkish 10y yields jump by 15bps as Lira hit fresh lows.
#Turkey Lira in free fall as Dollar continues to strengthen after payrolls data showed strong wage growth.
#Turkey Lira just dropped to fresh life time low as fight against dollarization hasn’t been working. Lira worst currency in 2017 w/ -4.3%.
Details of the horrific night , as the killer is identified...