Monday, February 6, 2017

Economic News , Data & Views...... February 6 , 2017 .......Quick Hits For Monday -1) Markets : Economic Calendar For Monday Including Australian Construction PMI , Japan Official Reserve Assets For January And RBA Announcement ; US - Modestly Slower Post Super Bowl Monday For US Stock Indexes , Oil Off A Tad , Fed Reserve's Harker Still Sees 3 Rate Hikes for 2017 ; Additional Items Of Note. 2) US Politics For Monday : Trump Tweets For Monday ; Cabinet Confirmation Updates ; POTUS-Congress Items De Jour ; Travel Ban & Trump Speech Updates ; Foreign Policy Related Items ; Additional Items To Consider. 3) Europe In Focus - Items For Monday From Across Europe Touching On French & German Elections , EU & ECB , EU-Libya , EU-UK & Brexit , Greece , Poland & Additional Items Of Note. 4) Odds & Ends For Monday.



Markets....



Asia......





1 hour ago
Economic data due from Asia today (RBA day + a Fed speaker)




Forex Reserves drops below $3trn for 1st time since 2011. Falls to at $2.9982trn at end-Jan.









Good morning from Berlin. Asia stocks slide as econ, political uncertainty hits risk sentiment. Bond yields drop, Gold and Yen strengthening








1 hour ago
PBoC Fixes USDCNY Reference Rate At 6.8604 (prev fix 6.8606 prev close 6.8639)







1 hour ago
PBoC Skips Open Market Ops Again Today As Liquidity Is At A High Level (Same Statement As Yesterday)







Japan Official Reserve Assets (Jan): USD 1231.6 Bln (prev USD 1216.9 Bln)






Japan to increase its defense spending..








Australia - Construction PMI for January: 47.7 (prior 47.0)




Australia ANZ Roy Morgan Weekly Consumer Confidence Index (W/E 05 Feb): 117.5 (prev 118.1)






30 supertankers sitting outside Singapore are carrying about 55 million barrels of oil, enough to meet almost five days of Chinese demand





OPEC and Russia boost oil exports to Asia, despite supply cuts to Europe and the US, in fight to hold market share







US.......





US ends the session with modest losses




Crude oil ends the session lower today




Fed's Harker: A March Interest-Rate Hike Is On The Table, Depends On The Economy - Still Supportive Of Three Rate Hikes This Year




Fed's Harker: Don't Want To Get Behind The Curve On Rate Hikes, Don't Think We Are Behind Now





US Politics .....






I call my own shots, largely based on an accumulation of data, and everyone knows it. Some FAKE NEWS media, in order to marginalize, lies!






Any negative polls are fake news, just like the CNN, ABC, NBC polls in the election. Sorry, people want border security and extreme vetting.










White House fires back in travel-ban appeal, hearing set for Tuesday








: Federal appeals court schedules arguments on Trump’s travel ban for Tuesday








The "unflappable" guy helping Paul Ryan keep peace with Trump, by






Pence may have to cast unprecedented vote to get Betsy DeVos confirmed. Biden never cast tie-break vote




1 hour ago
JUST IN: 16 state attorneys general file amicus brief in support of lawsuit against Trump travel ban







Trump's immigration ban faces new legal hurdle on Monday









Trump: "We need strong programs so that people who love us and want to love our country and will end up loving our country are allowed in."







Trump promises $$$$ for the military. "We will make a historic financial investment in the armed forces of the United States," he said in FL






"We will not allow it to take root in our country," President Trump says at MacDill AFB, referring to radical Islamic terrorism.







Trump says terrorism happening all over Europe and it's getting to a point where it's not being reported. "Very very dishonest press."







Trump at CentCom: "We strongly support NATO," only ask members make their fair contributions "which many of them have not been doing."








Trump doesn't like this story




Trump doing his Trump thing on the Twitter thing








After stumbles , bumbles and not being fully briefed by Bannon and Miller , revamp underway...








These three flashpoints could tip America into war with Iran








The Department of Homeland Security seemed eager to obey judge’s order. There's a good reason why:








Trump set to meet Elliot Abrams on Tuesday , Deputy post under consideration...











McConnell: No federal money will be used to probe Trump's bogus voter fraud claims







Trump: ObamaCare replacement could take until 2018







Europe .......






German magazine urges country to lead global opposition to Trump







IMF report on Greece shows public debt rose further in 2016 to 183.9% of GDP








IMF 2017 Greek Forecasts





IMF: Directors Stressed The Need To Calibrate Further Relief On Realistic Assumptions About Greece's Ability To Generate LT Surp & Growth





IMF: Most Directors Believe That More Relief For Greece May Be Required To Restore Debt Sustainability





IMF: Most Directors Favour 1.5% Of GDP Fiscal Surplus Target For Greece; Some Directors Favour 3.5% Of GDP Target





IMF: Most Directors Agreed That Greece Does Not Require Further Fiscal Consolidation At Present





IMF: Greece's Long-Run Primary Fiscal Surplus Projected To Reach Around 1.5% Of GDP





IMF: Greece's Long-Run Growth Projected To Reach Just Under 1.0%






UK PM May Wins Commons Vote On Amendment To Brexit, Denying Scotland, Wales & Northern Ireland Greater Say, Voting To Continue Tomorrow






Guess we shall find out in due time...






Merkel's gears up for a tough campaign...









Italian ambassador moves to soothe HoR concerns about Italy's policies on Libya -








BERLIN-EU COMMISSION VICE PRESIDENT KATAINEN SAYS EU COULD FREEZE VOTING RIGHTS OF POLAND IF WARSAW DOES NOT STICK TO THE RULE OF LAW






Key Target 2 balances as of 12/16 : Italy -356.6BN € ; Spain -328.1BN € ; Greece -72.3BN € ; Germany +754.3 Bn €.







BERLIN-EU'S KATAINEN SAYS INDIA, CHINA, GULF COUNTRIES WORRIED ABOUT U.S. PROTECTIONISM, SHOWING GROWING INTEREST IN TRADE DEALS WITH EU








EU's Katainen says still hope for TTIP US-EU trade deal - Rtrs







ECB's Villeroy: Exiting the EUR and devaluing our currency would increase borrowing costs - Rtrs







Investors are dumping French bonds aftr Fillon vows to stay in race to be next president






Fillon declares he's in the Campaign to win it. No signs of backing out , at present.











François Fillon says wife’s salary was entirely justified yeah, sure...






France's Fillon: Will Publish Online Details Of Payments To Wife Later Today - RTRS







France's Fillon: Was Error Of Judgment Regarding The Employment Of Family Members - RTRS







Clarifying: IMF board to discuss review of Greece's economy (Article IV) today. Decision on IMF potential future financing not on agenda






DRAGHI SAYS INCLUSION OF GREECE IN QE DEPENDS ON SHORT AND MEDIUM TERM MEASURES BEEN IN PLACE, 2ND REIEW COMPLETED






DRAGHI SAYS WE CAN BE CLOSE TO THAT TIME IF CONCULSION OF REVIEW COMES QUICKLY, OR IT CAN BE SOME TIME







 8 hours ago

The Latest: 500 migrants on way to Europe rescued off Libya - Hawaii News Now















Germany, INSA poll: SPD-S&D: 31% ↑ CDU/CSU-EPP: 30% ↓ AfD-ENF: 12% LINKE-LEFT: 10% ↑ GRÜNE-G/EFA: 7% ↓ FDP-ALDE: 6%









Germany: ahead of 's CDU/CSU (INSA poll).








Germany: Since has become Spitzenkandidat, has overtaken Merkel's /.







Schäuble: UK shouldn’t be punished for Brexit via







ASKED ABOUT POSSIBLE AMENDMENTS TO BREXIT LEGISLATION, PM MAY'S SPOKESWOMAN SAYS GOVT WILL NOT ALLOW ATTEMPTS TO KEEP BRITAIN INSIDE THE EU







EU's and going to Washington this week to meet Trump admin. Avram meeting Homeland Sec chief Kelly









France, BVA poll: Le Pen (FN-ENF): 25% ↓ Macron (EM-NI): 22% ↑ Fillon (LR-EPP): 20% ↓ Hamon (PS-S&D): 17% ↑...







HEADING FOR FRESH INDEPENDENCE REFERENDUM WHEN TRIGGERS ARTICLE 50 TO LEAVE - SCOTTISH GREENS LAWMAKER - RTRS







UK GOVERNMENT UNWILLING TO CONSIDER SCOTTISH PROPOSALS TO SHAPE BREXIT SERIOUSLY - SCOTTISH GREENS' GREER TELLS REUTERS






Spain Plans to Issue Debt to Make Extra Pension Payments: Cinco








Odds & Ends.....





Libya......





A friend this morning trying to get cash out of National Commercial Bank in central Tripoli...






































Syria......





/n War Report – February 6, 2017: Govt Troops Move Closer To via









Surrounded by closed borders, opposition Daraa faces drug overdoses, fatal misdiagnoses from black-market pharmacies.










Fake news, meet rebel-jihadist infighting.






/ also came under criticism for using raffled fridges, motorbikes etc., to lure the poor out from IDP camps to a Moheiseni speech:











’s armed opposition met w. today & agreed *not* to attend follow-up meeting in in coming days. Ceasefire not secure.









For the 5th or 6th time, / report a strike against in , where ISIS doesn’t exist. [Hint: It’s Al-Qaeda]