Thursday, January 26, 2017

Economic News , Data & Views.....January 26 , 2017 ... Quick Hits For Thursday - 1) Markets : Asia Outlook for Friday And Market Moving News - Updated As Pertinent ; US Markets - Dow Pushed Moderately Higher , S&P And Nasdaq Have Piddling Losses today , Oil Up $1.03 , Gold Sees More Red Today ; Additional News Of Note. 2) US Political Round Up - President Nieto Of Mexico Cancels January 31st Visit To US After Border Wall Executive Order & Associated Developments , Major Exodus Of Senior Management From State Department Occurs , PM May In The US For First Foreign Leader Visit With POTUS Trump , Dodd Frank On House Republican Agenda For Late Spring & Additional Items For Thursday. 3) Europe News For Thursday - Ireland , Greece , Austria , UK , Slovenia & Netherlands In Focus . 4) Odds & Ends - MENA Watch - Syria & Libya In Focus.




Markets....



Asia.....





What's coming up in Asia-Pacific trading: Japan CPI, Aussie PPI



Nikkei opens 0.26% higher at 19,453





1 hour ago

Australia PPI (YoY) Q4: 0.7% (prev. 0.50%) -PPI (QoQ) Q4: 0.5% (prev. 0.30%)






1 hour ago

Australia Export Price Index (QoQ) Q4: 12.4% (est. 12.10%, prev. 3.50%) -Import Price Index (QoQ) Q4: 0.2% (est. 0.40%, prev. -1.00%)






Japan December CPI: +0.3% y/y vs +0.2% expected





Japan National CPI (YoY) Dec: 0.3% (est. 0.20%, prev. 0.50%) -National CPI Ex-Fresh Food (YoY) Dec: -0.2% (est. -0.30%, prev. -0.40%)






Tokyo CPI (YoY) Jan: 0.1% (est. 0.00%, prev. 0.00%) -Tokyo CPI Ex-Fresh Food (YoY) Jan: -0.3% (est. -0.40%, prev. -0.60%)






US......





STOCKS GO NOWHERE: Here's what you need to know







1 hour ago
ForexLive Americas FX news wrap: New home sales miss




U.S. crude futures settle at $53.78/bbl.⬆$1.03. +1.95%. _H7




| stocks week ending 1/26: 1.223mm tonnes.⬆62k tonnes w/w. PJK Intl thurs.





Genscape Cushing inventory 1/21-1/24: -920k bbl over week ending 1/20.





US Politics....




US vs Mexico




1 hour ago






*SPICER: NOT READY TO ROLL OUT BORDER TAX AT THIS TIME. BBG.






1 hour ago
*SPICER SAYS 20% TAX COULD BE ON ANY COUNTRY WITH TRADE DEFICIT. BBG.





ForexLive: 20% import tax on Mexico goods would raise $63.4 billion (based on 2015 trade data). That's enough for 4 walls





When does Pena Nieto get on a jet to meet with Chinese leaders for bilateral trade deals ? That was Plan B , right ?






CORRECTED: Trump says agreed to cancel Pena Nieto meeting; says would be fruitless if Mexico doesn't treat U.S. fairly (not pay for wall)






Looks like meeting between President Nieto of Mexico and POTUS is canceled !






EXTENDS LOSSES AS PENA SAYS WON'T ATTEND POTUS MEETING - BBG






The U.S. has a 60 billion dollar trade deficit with Mexico. It has been a one-sided deal from the beginning of NAFTA with massive numbers...






of jobs and companies lost. If Mexico is unwilling to pay for the badly needed wall, then it would be better to cancel the upcoming meeting.







President Nieto still coming o the US for January 31st meeting with President Trump - but say last night Mexico will not pay for the Wall.







Other political developments....






JUST IN: Trump abruptly delays signing executive order on voter fraud investigation







Trump won't sign that expected executive order this afternoon, per . No more executive actions for the day.






Not quite I want Trump handling a very complicated trade deal by himself......







DJ HOUSE REPUBLICANS COULD CONSIDER DODD-FRANK AS EARLY AS LATE SPRING, SOURCES SAY






Tillerson wants to direct foreign policy in a different manner than prior Administration-so , the changes are good.






Big departure of Senior Management at the State Department has occurred...







Trump and Britain's May to give joint press conference on Friday -- will be Trump's first as president - in Washington








Trump will sign executive order on voter fraud investigation today





Iraq considers suspension for Visa issuance for American citizens in response to Trump's executive action that could include Iraq.






Kansas' Kobach says he advised Trump to investigate voter fraud






Wilbur Ross, Trump's richest cabinet member, positioned to become most powerful Commerce boss in years.







President Donald Trump’s team made little effort to consult with federal agency lawyers or lawmakers as they churned out executive actions.








Europe In Focus .....




Greece.....




Greece Denies Extradition of 8 Turkish soldiers...





foreign ministry says decision of Greek apex court protects plotters of July 15 coup attempt






# | Warrant issued in absentia for arrest of 8 Turkish soldiers who fled to Greece after 2016 coup bid






Turkey to review impact of Greece court verdict on ties: ministry






Supreme Court decision on 8 Turkish officers expected at 3 pm local time






- Supreme Court rejects extradition of 4 Turkish officers accused of coup attempt. Ruling on 4 more officers due latr 2day














Greek Supreme Court Rules Against Extradition of 8 Turkish Army Officers





Greece -Creditor Talks Update....





IMF suggests Europe offers 1.5% rate for 30 years, extensions up until 2070 and grace period until 2040 for Greek debt to become sustainable







demands from to legislate now additional austerity measures like pension cuts, lower tax allowance, for 2019.






*TSAKALOTOS'S MEETING WITH CREDITORS INCONCLUSIVE: EU OFFICIAL






*SCHAEUBLE: UP TO WHEN SECOND REVIEW CAN BE COMPLETED






*MOSCOVICI HOPES FOR RAPID CONCLUSION OF GREEK REVIEW - BBG






*MOSCOVICI: IMF NECESSARY FOR GREEK PROGRAM - BBG







EUROGROUP HEAD SAYS IMF HEAD LAGARDE REASSURED HIM IMF WANTED TO PARTICIPATE IN THE GREEK BAILOUT IN FULL





DOMBROVSKIS SAYS GREECE AND LENDERS WORKING TO ASSURE FULL IMF PARTICIPATION IN BAILOUT







German FinMin Schaeuble Says There Is No New Status On Greece -Calls On Greece To Meet Pledges







Farmers block highway in northern Greece







UK ......





Theresa May: "The days of Britain and America intervening in sovereign countries in attempt to remake the world in our own image are over."






UK GOVERNMENT TO PUBLISH LEGISLATION SEEKING PARLIAMENT'S APPROVAL TO TRIGGER ARTICLE 50 BREXIT PROCESS AT 1230 GMT ON THURSDAY





Article 50 timetable for debate set out...











Terror Watch.....






Eight held in Austrian police raid linked to Islamic State - APA


Ireland.....





Irish FinMin Noonan: No Bilateral Negotiations With UK





Irish FinMin Noonan: Unfounded Concern Around Irish Banks





Irish FinMin Noonan: Irish Review Is ‘Very Positive’





Netherlands....





Dutch justice minister resigns over payments scandal





Slovenia.....





Slovenia passes law law for pushbacks...refugee/migrant quiet period ending soon.






Odds & Ends.....




Syria....





JFS, encouraged by facing little or no resistance, will likely continue the operations and target more groups





With both groups defeated, JFS now holds most of the frontline positions with regime in west, northwest, and southwest Aleppo areas





Clashes stopped but tensions continue. JFS seized ammunition depots and strategic towns from Jaysh al Mujahideen &Jabha al Shamiya






Ahrar al-Sham Will Halt Fateh al-Sham's Attacks on Moderate Rebels 'At Any Cost': Commander







Russia proposes removal of Arab name + referendum for border change | Lavrov invites PYD's Asya Abdullah to Moscow






Russia proposed a constitutional draft to Syrian Opp in Astana, conveniently leaving out the word 'secular'








Libya.....

















No confirmation from Hafter on Cairo meeting with Serraj but Ageela Saleh expected to attend -








Attorney General’s Office issues arrest warrants, travel bans against several government officials









Details for car bomb which was trying to target Italian embassy in thread .







Libya needs forex policy change to ease cash crunch, says deputy PM - Zawya







LIBYA OIL PRODUCTION RISES TO 700,000 BPD AFTER NOC REPAIRS POWER PROBLEM AT SARIR OILFIELD - NOC CHAIRMAN







UN envoy welcomes release of families evacuated after Benghazi district captured by army.






Gwell's Salv Govt still trying to prove it is in Tripoli 2day & it still exists. Challenging legitimacy/authority of Serraj/PC/GNA