Thursday, February 2, 2017

Economic News , Data & Views..... February 2 , 2017.....Quick Hits For Thursday -1) Markets : Asia Economic Calendar , Data and News For Friday ; US Stock Indexes In Mixed Mode Before Non Farm Payrolls - Dow and Nasdaq Off Marginally While S&P Up Marginally Today , Oil Off 34 Cents But Intra-days Moves Have Made Trading Unpredictable Lately - Additional Sanctions Looming Against Iran May Further Stir Volatility ; Europe Major Stock Indexes Mixed With Dax Off 31.55 , FTSE Up 33.10 and CAC Basically Unchanged , ECB Speakers On Thursday ( Coeure & Praet ) and Bank Of England Present Food For Thought - Bank Of England Keeps Rates and Bond Buying Plans Unchanged. 2) Europe In Focus - News Of Note From Greece , For Malta Summit , Germany Polling Numbers From ARDde Show SPD Rapidly Gaining On CDU/CSU / , Refugee Numbers Falling From Turkey , UK Brexit White Paper Released , Spain Threaten Use Of Force To Halt Catalan Referendum. 3) US Political Roundup - Soup To Nuts From DC Today. 4) Odds & Ends.



Economic data due from Asia today

Good morning from Czech. Asia stocks mostly declining in vol session after China unexpectedly tightens policy to discourage spec investments

Bank of whipsawed mkts in fought to assert control over rising bond yields. Has to offer a second unscheduled auction to lower ylds.

China Caixin Manufacturing PMI Jan: 51.0 (est. 51.8, prev. 51.9)

PBOC set USD/CNY mid-point at 6.8556 (prev. fix 6.8588) - First fix since Jan 26 due to Lunar NY

Australia - Services PMI (January): 54.5 (prior 57.7)

Japan press: "BOJ on edge after Trump claims devaluation"

US / Europe....

US stocks end the session with small losses/small gains

ForexLive Americas FX news wrap: Dollar hopes rise ahead of jobs report

U.S. crude futures settle at $53.54/bbl.⬇$0.34. -0.63%. _H7 volume: ~449k

Trading oil is absolutely brutal at the moment


Andy Hall: cuts wont be reflected in US stocks until Feb; maybe spring after refinery maintenance. <$60 needed to curb US growth

ECB's Coeure: Negative rates can't go on too long

ECB's Coeure: We don't react to s/t fluctuations, especially those caused by energy

The ECB's Praet is onto something

ECB's Praet: Firming EA recovery not sufficient to self-sustainably bring inflation towards 2%

BoEs Feb QIR - MPC stance unchanged but see risks to inflation 'trade-off' rising. Not the hawkish shift in stance expected.

BoE Corporate Bond Holdings (GBP) 6.1B (prev 5.67B)




Power auctions rejected by all players

Turkey ratchets up tensions

Farmers take protest to Thessaloniki

Police prevent protesting cleaners from reaching PM's office

Small steps taken to improve conditions at Lesvos migrant camp

Libyan PM demands more EU money ahead of Malta summit

poll []: CDU/CSU 34% -3 SPD 28% +8 AfD 12% -3 Die Linke 8% -1 Grüne 8% -1 FDP 6% +1 50% want an SPD-led govt vs 39% for CDU

UK Brexit White Paper...

UK Brexit white paper: UK wants to cherry pick for EU free trade deal

Spain ready to stop Catalan referendum by force. Will we have Catalan rebels fighting the Spanish regime soon ?

US Politics.....

Iran has been formally PUT ON NOTICE for firing a ballistic missile.Should have been thankful for the terrible deal the U.S. made with them!

Iran was on its last legs and ready to collapse until the U.S. came along and gave it a life-line in the form of the Iran Deal: $150 billion

TRUMP FRIDAY: -intel brief -tapes weekly address -strategy/policy forum -signs exec orders -lunch w Michael Flynn -departs for Palm Beach FL

Important meetings on Friday for Secretary of State Tillerson.

Source: Voter fraud investigation no longer a top priority for Trump


Trump's UN Ambassador takes on Russia at the UN over Ukraine.

1 hour ago
Trump tells Israel to hold on building new settlements. A bit of a surprise.

'Trump taps first woman to CIA second in command'

NSC senior staff apts: David Cattler (Regional Affairs) John Eisenberg (Legal) Kevin Harrington (Stat Plan) Ken Juster (Intl Econ'c Affairs)

Trump advisers Reince Priebus and Steve Bannon met at White House with Australian ambassador to US, aide tells . Mending fences.

BREAKING: Here’s The White House Memo Used To "Clarify" That Green Card Holders Are Not Covered By Trump’s Ban:

President Trump withdraws safe zone proposal for Syria...

Shouting match over Russia erupts at House committee hearing

Obamacare uncertainty may cause major health insurers to abandon customers

Current Senate Republican plan is a cloture vote on DeVos tomorrow, final vote Tuesday - then Sessions, then Price, then Mnuchin.

Senate Republicans postpone vote on Betsy DeVos until Monday

White House perspective ....

Military perspective......

From repeal to repair - rebranding of action , as to Obamacare , is underway.

Trump appears to say Wilbur Ross will be leading NAFTA negotiations.

Treasury to allow some exceptions to allow Companies to do some transactions with Russia's FSB.

Sens. Graham, Whitehouse announce investigation of "Russian efforts to influence democratic elections, both in the United States & abroad"

Trump Job Approval: Approve 43% (-); Disapprove 52% (-). Get the full trend .

This is a concern and something to keep an eye on.....mistakes will be made if experts cut out of the loop.

Tillerson is going to be fine as Secretary of State , assuming people give him a chance-inside and outside of WH.


Fifth labor group breaks with AFL-CIO to back Perez for Dem party chairman:

180 federal employees sign up for "civil disobedience" class against Trump

Tweet after contentious call with PM Turnbull of Australia.

Trump threatening to cut public funds for U.C. Berkeley ?

Here are the attendees at Trump's cyber experts meeting, per the White House.

Odds & Ends.....

Erdogan shut down OHD, suspended its members' account. Erdogan jailed 301 lawyers, suspended them

is 3 km away from the town of in north east

: Fursan Janzour militia controls the "Bridge 17" area in Janzour district, west of following clashes with Warshefana.

Clashes between Forsan Janzour brigade & Tribes Army of Wirshiffana near checkpoint 17 in Janzour district of Tripoli. Reason still unknown

2/2 Libya PC with contested legitimacy, absence of parliament oversight, has no right to enter into agreements re territorial waters.

1/2 Libyan territorial waters is a historicaly contested issue. During 1980-1986 witnessed legal and military confrontations btw Libya&USA.

Purge continues in Turkey..

Draconian rules being imposed to sanitize terror events in Turkey.

Syrian rebels reject peace talks without 'transition of power'

― Germany Proposes Tagging & Tracking 'Potential' Terrorists