Wednesday, February 22, 2017

Economic News , Data & Views ..... February 22 , 2017.....Quick Hits For Wednesday 1) Markets : Economic Calendar For Asia , Key Data & News As Released ; US Markets - Dow Up For 9th Straight Session But S&P/ Nasdaq End Down , Oil Down 1.36% On Non Opec Compliance (50%) and US Shale Production Data But API Numbers Show Surprising Draws ; Additional Items To Consider. 2) US Political Updates : Revised Travel Ban Nears Completion , Release Now Set For Next Week ; Interview With US Treasury Secretary Mnuchin - WSJ ; Administration / WH Team Updates ; VP Pence Visits Vandalized Jewish Cemetery In St Louis And Delivers Remarks ; Obamacare Repeal & Replacement Updates ; Political Odds & Ends. 3) Europe In Focus : Greece - Creditor Talks Updates As IMF Now Seems Ready To Play Ball With Germany / EG / ESM ; France - French Centrist Politician Bayrou Will Not Stand in 2017 Election - Will Back Macron , Le Pen Chief Of Staff Place Under Formal Investigation For Misuse Of EU Funds ; Additional News Of Note Touching Upon Europe. 4) Odds & Ends - Iraq , Syria , North Korea , Libya & Additional Items Added As Necessary.




Markets.....




Economic data due from Asia today (Aussie Q4 capex & a BOJ speaker)


Goldman On Yesterday's Key Aussie Data Releases For Q4






US.....





The Dow Jones Industrial Average closed at a record high for the 9th consecutive day, longest streak since 1987.





US stocks end the day mixed. S&P/Nasdaq down. Dow up.




US crude oil futures settle at $53.59/bbl





1 hour ago
Exxon removes 3.3 bn barrels of untapped crude from proved reserves






OIL - Private inventory data shows surprise draw in headline crude stock







1 hour ago
Crude -884K Gasolline -893K Distillate -4.229MM Cushing -1.730MM








Oil slides on word non-OPEC members aren't cutting production as much as promised









2017 US oil inventories remain far above historical average






Here is the key passage in the FOMC Minutes








The Fed will have plenty of opportunities to tweak policy expectations before March 15









US Politics.....





Small business owners are excited about the US economy - and they're giving Trump the credit






Now we understand why Chris Christie met with POTUS last week - Secretary of Dept Of Labor Alleged to have been offered.








Federal judge denies conservative group's request for State Dept records on Clinton’s private server:







White House: To Release New Immigration Order At Some Point Next Week - RTRS








At least nine arrests as authorities move into Dakota Access Pipeline protest camp after some refused to leave.










Hostile homecomings: 1,000s of angry constituents confronting GOP lawmakers in town halls across the US. reports now.









1 hour ago
NEW court filing has the scoop on when revised Trump is coming: 'In the near future...no firm date'







Here's the WSJ interview with US Treasury Secretary Steven Mnuchin







1 hour ago
UNITED STATES: Kellyanne Conway has been sidelined from television appearances by the Trump Administration, according to CNN report








1 hour ago
Kellyanne Conway sidelined from TV? No way, White House says




Chief digital officer steps down from White House job over background check





Mexico wont accept return of "other-than-Mexican (OTM)" migrants caught by US Border Patrol as detailed in DHS memo says MX Foreign Minister








MISSOURI: JUST IN: Vice President Pence makes unannounced visit to pay respect at Jewish Cemetery in STL where headstones were vandalized.








VP Pence: "The people of Missouri are inspiring the nation by your love and care for this place and the Jewish community."







GOP groups ramp up pressure on lawmakers to replace ObamaCare







Trump says a new healthcare plan is coming in March






JUST IN: Group releases emails from new EPA chief






Trudeau says Canada won’t halt illegal border crossing despite opposition




Europe......




Greece- Creditors Talks Updates....





Same game , different year.






Stournaras tells gov’t to introduce reforms







Before Merkel talks, Lagarde calls for debt relief, reforms






Lagarde: Greece doesn't need debt haircut; we need to look at interest rates charged, and maturities --Rtrs







IMF CHIEF LAGARDE SAYS THE PRINCIPLE OF DEBT RESTRUCTURING HAS ALREADY BEEN DEBATED BY GREECE AND ITS CREDITORS






French Elections.....






🔴 - Marine Le Pen's chief of staff placed under formal investigation over alleged misuse of EU funds








Marine Le Pen aide charged in 'fake jobs' scandal: judicial source






Macron accepts Bayrou's offer for an alliance, joining forces with part of the system he pledges to change. Will it pay off?








Oats catch a bid







Euro jumps after Marcron's French Presidential hopes get a lift




Latest Elabe poll with and without Bayrou: Le Pen at 27% or 28%, respectively







Europe Odds & Ends....






Italy really getting hosed with its derivative trading operations..







Will be interesting to see how Germany reacts to this proposal.







Hearing Unconfirmed Chatter On VW, CEO May Leave -Supervisory Board Meeting Scheduled For Friday




















Odds & Ends.....






Iraq.....




Executing Own Fighters for Abandoning Battlefield: -





Updated map of in Iraq showing northward advance by Iraqi forces on IS group fighters holding west of the city - by






Syria.....




REPORT: Search for executed prisoners begins in Idlib province after Islamic State-linked brigade leaves for







UN Syria envoy De Mistura says 'not expecting' breakthrough at talks






Russia has asked Syria to halt bombings during talks: UN envoy






SDF advances are good news as supply routes for ISIS between Raqqa and Deir Ezzor likely to be cutoff.






North Korea.....





Kim Jong-Nam autopsy "illegal and immoral," says North Korean state media







North Korea blames Malaysia for Kim Jong-nam death as tensions between two countries rise









North Korea acting increasingly desperate..







Police: Suspects in North Korean death coated hands with poison





Malaysia: North Korean diplomat wanted for questioning in Kim assassination




"Kim Jong-Nam's cause of death is still unknown, and further tests are under way"..








Libya.....


























"They attempted to (take) my life twice ... they want me shut up." Source reveals all on Libya's trafficking kingpin








UK Defense Minister Fallon: needs to keep its paws out of Russian Def. Min. Shoigu: 😂 VIDEO







Central Bank in denies reports that it transferred $1.5 Billion to a bank in






Case had been brought to court by and others.








Challenge to legality of MOU with Italy on migration adjourned to 1 March.






Spokesman fired after public threat made to have Abdulhakim Fanoush arrested by the French authorities for questioning legitimacy of PC.