Wednesday, February 1, 2017

Economic News , Data & Views .... February 1 , 2017...... Quick Hits for Wednesday -1) Markets : Asia - Economic Calendar For Thursday , Data And News To Consider ; US - Dow & Nasdaq Advance Today , S&P Essentially Flat , Fed Hold Rates As Expected & No Signal For A March Hike , US Economic & Gov't Inventory Data For Oil For Wednesday to Consider , Breakdown On Fed Reserve FOMC Stateliness ( Redline With December Statement ) , Dollar Slides After FOMC / Oil Rises Despite Higher Inventories ; Europe - CAC & DAX Had Strong Days While FTSE Fluttered , Italy Pressured By Its Banks , Bank Of England On Deck For Thursday. 2) US Politics - Round Up Of A Full Day Of Events - Confirmation Process , SCOTUS Pick , Trump Team ( Slowly Forming ) In Action Today. 3) Europe In Focus - Greece's Troubled Talks With Its Creditors Stumble Along , French Politics Becoming More Jumbled , Italy Banks In focus , UK Gov't Prevails In Parliament Vote By Wide Margin of 498- 114 - PM May Given Power By Parliament To Trigger Formal Brexit Process , Additional Items Of Note To Consider. 4) Odds & Ends !



Markets.....





Asia....





Economic data due from Asia today





And the winner of the crazy chart of the day.. Australia just reported its largest trade surplus ON RECORD. Here's how ridiculous that looks







Japan press: "Superlong JGB yields seen climbing further"





South Korea CPI (YoY) Jan: 2.0% (est. 1.50%, prev. 1.30%), (MoM) Jan: 0.9% (est. 0.35%, prev. 0.10%) -CPI Core(YoY)Jan:1.5%(prev.1.20%)








NZ data - ANZ job ads (January): -0.2% m/m (prior +1.6%)




US / Europe ......






US WRAP: Fed stands pat; UK MPs back Govt's A50 bill; Huge ADP beat augurs well for NFPs








ForexLive Americas FX news wrap: Fed holds and doesn't tip next move





Tough to see the Fed hiking in March: US dollar slides after FOMC decision






Federal Reserve holds rates at 0.50%-0.75%, as expected








FOMC redline








Oil shakes off inventory build and rallies to session high





Weekly US oil inventories +6466K vs +3000K expected




US TREASURY YIELDS RISE TO SESSION HIGHS AFTER MANUFACTURING DATA, 10-YEAR NOTE YIELDS INCREASE TO 2.50 PCT






: Stocks bounce back from 3-day selloff on earnings boost








Dollar Tanks, Fed Fails to Deliver. BoE Next. Take a Look at How the UK Economy changed since last meeting







UniCredit approves €13bn rights issue at 38% discount




ITALY GOVT TO BUY NEW MONTE DEI PASCHI SHARES AT 25 PCT DISCOUNT TO TERP - DRAFT DOCUMENT









Milan stocks end lower as banking shares remain under stress






US Politics......






Everybody is arguing whether or not it is a BAN. Call it what you want, it is about keeping bad people (with bad intentions) out of country!






JUST IN: Mexico denies Trump threatened to send US troops to Mexico to deal with "bad hombres"







Looks like Mexico call might not have been that friendly , after all.





UNITED STATES: Trump told Australia's PM that their phone call was 'the worst by far', amid disagreement over refugee deal






Report: Trump berates Australia's PM, brags about his win, and hangs up abruptly







JUST IN: Trump plans to reshape counter-extremism program to focus solely on Islam: report














SENIOR U.S. ADMINISTRATION OFFICIAL SAYS CONDUCTING A REVIEW OF HOW TO RESPOND TO . RTRS.







Just confirmed: Fed'l judge in Los Angeles (CD Cal) issued TRO barring removal, detention, or blocking entry under visa part of Trump's ban.







President Trump , accompanied by his daughter , went to honor a fallen soldier.










Sen. Chris Coons is traveling with Trump for the visit to Dover as well as Gen. Flynn






BREAKING: Senate confirms Rex Tillerson as secretary of state in 56-43 vote







Proud to be your new Secretary of State. I am humbled by this wonderful opportunity.







Statement by the National Security Advisor LTG Flynn (Ret.), as issued by the Office of the White House Press Secretary regarding Iran






White House may give Anthony Scaramucci ambassadorship or other job instead of head Office of Public Liaison, sources tell me & .








Apple misses deadline to pay 13 bn to Ireland...








Apple considering legal action to reverse Trump travel ban








: Trump to McConnell on abolishing Supreme Court nominee filibuster: "Go nuclear"







Sessions approved by Senate Finance Committee- on to Full Senate vote ....








SENATE FINANCE APPROVES MNUCHIN, PRICE THROUGH EMERGENCY ACTION






Democrats used delay tactics on Tuesday on 3 Trump Cabinet picks: AG Jeff Sessions, Health sec Tom Price, Treasury Sec Steve Mnuchin.






But Senate committees backed Rick Perry to be Energy sec, Ryan Zinke for Interior, Linda McMahon for Small Business




Solicitor general Neal Katyal, who served under Obama, says he "strongly" supports Gorsuch for the court.







Europe In Focus.....







Brexit white paper to be published tomorrow, Theresa May announces -








: MPs back Theresa May and give her the power to trigger the formal Brexit process - margin of 498 to 114







RT Government, backed by , wins vote by 498 to 114. It's done.







amendment in UK parliament fails. 100 MPs for, 336 against.







Farmers ready to take protest to downtown Thessaloniki







France: popular among the young, old favour and .







’s Regling: No need for 4. bailout, if implements agreement






Direct threat made by Turkey to Greece...










France, Elabe poll: Le Pen (FN-ENF): 26% ↑ Macron (NI-NI): 22% ↓ Fillon (LR-EPP): 19% ↓ Hamon (PS-S&D): 16% ↑...






Still seemingly different stances from EG and IMF on demands to be made to Greece for further austerity measures.








Greece has implemented only a third of required prior actions needed for the bailout program.







More uncertainty....








*RUSSIAN ECONOMY SHRANK 0.2% IN 2016; EST. CONTRACTION 0.5%







EU And Mexico To ‘Accelerate’ Talks On Trade Pact – FT




Schulz causing a stir as SPD gains 5 points to 26% , highest support level since 2013....






The poll by Elabe in Les Echos newspaper suggests that Fillon would be beaten in the first round of voting by both Le Pen and Macron.







PESKOV: WE ABSOLUTELY DENY ANY ALLEGATIONS OF 'S POSSIBLE INVOLVEMENT IN ANY HACKING ATTACKS IN U.S. IFX.







| FORMER FSB OFFICIALS, FORMER KASPERSKY LAB MANAGER CHARGED WITH HIGH TREASON IN U.S. FAVOR - LAWYER. IFX.







Can and 'Miss Moneypenny' really survive this? His party are starting to doubt it, it seems.








Bosch to pay out $300 million to US buyers over 'dieselgate' scandal







Problems 'resolved' for German dual citizens under Trump's travel ban







Odds & Ends.....




Syria.....






Aftermath of US airstrikes last night on Carlton hotel used by JFS/Nusra and Zinki in








More pics of US-led Coalition bombing of Carlon Hotel used by JFS/Nusra and Zinki









US's aggressive, unilateral and broad campaign against Syria's former al Qaeda faction continues, according to reports












The large and definite infighting between and is inevitable sooner or later .











, supported by , push toward land in northern will lift the pressure off where bombs daily.







Libya.....






Hmmmmm.......










CBL to allow each Libyan citizen to buy $400 from banks by official rates






Libyan Economy Ministry slams embargo on exporting vegetables for two months





A forum focusing on Libyan to take place in Tunis on Friday. Discussions to focus on solutions to ease economic woes in .






Feb 8th 1- will brief 2-UNSC may re-assess 's mandate based on UNSG's strategic assessment review (Res2323)






as per Res2323 : stands ready to review UNSMIL's mandate if needed after a strategic assessment review is conducted in early 2017.







HoR's Agila sent a message to , calls for the opinion of HoR to be taken into consideration when appointing a new Head of .







Libya leader offers NATO sea access if it upgrades navy - The Spokesman-Review













Libyan PM meeting Donald Tusk ahead of Malta Summit - MaltaToday


















Ban Ki-moon rules out presidential run in South Korea










Who is really benefiting from policies of appeasement, acceptance of Sharia-stricken theocracies & their jihadist, hate-filled education?