Thursday, February 23, 2017

Economic News , Data & Views..... February 23 , 2017 ..... Quick Hits for Thursday 1) Markets : Asia Calendar For Friday , Data & News ; RBA's Lowe Takes Question At HoR's Standing Committee On Economics ; Strange Action In Chinese Commodities Thursday Night ( For China) ; US : Dow Up Moderately , Nasdaq Sells Off , S&P Basically Unchanged ; Market Wrap Of News For The Day During US Session. 2) US Politics - Round Up On The News Of The Day. 3) Europe In Focus - News Of The Day Touching On Greece , France , Italy , Germany & More. 4) Odds & Ends - Updates On Iraq , Syria , Iran & Libya.




Markets.......




Asia......





Economic data calendar in Asia today is bare, but RBA Governor speaking


Shandong province governor and ex-CSRC chairman Guo Shuqing appointed chairman of banking regulator CBRC, announcement made internally today








PBoC Fixes USDCNY Reference Rate At 6.8655 (prev fix 6.8695 prev close 6.8735)




PBoC To Inject CNY 10 Bln Via 28 Day Reverse Repos






PBoC To Inject CNY 10 Bln Via 7 Day Reverse Repos - PBoC To Inject CNY 10 Bln Via 14 Day Reverse Repos












RBA's Lowe: Current interest rate setting consistent with sustainable growth



Governor’s Opening Statement to the House of Representatives Standing Committee on Economics -






Lowe: Expect Unemployment Rate To Stay Near Current Level For A While





Lowe: Some Tightening In Conditions For Property Developers In Some Markets -We Do Not Expect The Rate Of Inflation To Fall Further






Bitcoin CNY rally 4%! Chinese-related commodity usually goes reverse with Bitcoin price~ Surprised that dama can still trade CNY Bitcoin!




Not only Chinese-related commodities are plunging, China stocks list in US are tumbling too, Weibo (WB) -14%, Sina (SINA) -13%...






Is the news of CBRC suddenly calls for an important meeting tomorrow and district heads are flying to Beijing to do with commodities tumble?







LME Tin tumbles more than Nickel... and...








Base metal benchmark LME Copper declines the most -2.8%...







DCE Iron Ore -4% tonight.






Mainland-related commodities are all plunging tonight. LME Nickel looks bearish...





US......





1 hour ago
US stocks mixed. Nasdaq the dog.



US MARKET WRAP >> Busy day!





US Politics....






1 hour ago
Mexican Pres Pena Nieto Thursday's Talks With U.S. Officials Proof Of Interest In Building A Constructive Relationship - RTRS






BREAKING: FBI has rejected a Trump Administration request to publicly deny contacts between Trump's advisers and Russian officials






Muslim White House staffer quits, slamming Trump’s travel ban








I think if GOP leaders in Congress seek to remedy problems W/I ACA , that's doable. Repeal and replace -problematic.







"Rah-rah go get 'em" nonsense makes it harder for IC to carry out mission and easier for people like Trump to delegitimize intel findings.





Interesting nuggets in this interview..








Spicer: we've taken court's opinions and concerns into account. running new travel ban order thru agencies





Kelly: "There will be no, repeat, no mass deportations. Everything we do in DHS will be done legally and according to human rights..."






Trump's border tax plan has one problem | 02/06/17 | Markets Insider






NSA Adviser reorganization of NSC underway. Key -decanting what's proposed by McMaster and what he's allowed to do.












Europe....





Tsakalotos keeps cards close to chest on deal








Very serious concerns in Netherlands as police officer accused of leaking key detail information to a Morrocan gang.









FAR RIGHT'S LE PEN TO GET 26.5 PCT OF VOTES IN FIRST ROUND OF FRENCH PRESIDENTIAL ELECTION, MACRON 22.5 PCT AND FILLON AT 20. IFOP FIDUCIAL





:no change in our position/our longstanding approach of a program that will stand in two legs remains the same/Reforms/Debt






Paris protests , which have been violent at times , extend into a third week.







How long before Italy finds itself in some type of bailout scheme similar to Greece ?








Extortion attempt - cautionary tale as allegations are sifted re : Russian attempts to influence Election 2016.








BREAKING: German police arrest 26-year-old man in Northeim, Lower Saxony planning terror attack. Bomb-making materials recovered at scene






GREEK FINANCE MINISTER TSAKALOTOS SAYS THERE WILL BE NO NET FISCAL IMPACT FROM ADDITIONAL REFORMS TAKEN BY GREECE






GREEK FINANCE MINISTER TSAKALOTOS SAYS ATHENS WILL DO ITS UTMOST TO MITIGATE ANY IMPACT FROM NEW MEASURES





TSAKALOTOS SAYS BASIC PARAMETERS OF THE REFORMS DEAL WITH LENDERS ALREADY KNOWN





GERMAN CHANCELLOR MERKEL, ASKED ABOUT EURO BONDS, SAYS GOV'T POSITION HAS NOT CHANGED THAT WE DON'T WANT SHARED LIABILITY IN EURO ZONE





Justice Minister Orlando to take on Renzi in PD leadership tussle.





SCOTTISH GOVT VERY SERIOUSLY CONSIDERING NEW INDEPENDENCE REFERENDUM NEXT YEAR, BELIEVES COULD HAVE MOMENTUM TO WIN-SCOTTISH GOVT ADVISOR





Odds & Ends....




Iraq....





Update : Green : Liberated Red : Clash Zone Black : ISIL Control







ISIL is Seemingly evacuating their fighters into the old city of Mosul.






Syria.....





Expect nothing......







Excellent analysis from Elijah , as always , on state of play in Syria. Russia -Turkey relationship in focus.







Islamic State (ISIS) has agreed to retreat from al-Bab to Der Hafer following agreement with Turkey-backed EuphratesShield forces - reports






Iran.......






Iran says oil prices over $55 per barrel harmful for OPEC: Fars







Top US general: No change in Iran's behavior since Trump put country "on notice"













The US won't hesitate to stand against the forces of terrorism, that includes standing against states that sponsor it, like Iran.







Libya....
















1 hour ago








Sea rescues spike over past several days..









Nazhuri now says all Libyans between 18-45 must have security clearance to travel abroad -








Activists start hashtag to protest CoS Nadouri's order preventing travel w/o a security clearance







Trump shouldn't bother banning 's from going to the . We are banning ourselves from traveling anywhere














Fierce clashes b/w militias in Abu Saleem area . Heavy artillery being used. Residents hearing loud shootings








Sisi, Sebsi, Bouteflika summit in Algiers to discuss the crisis in will take place in March.




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