Monday, February 13, 2017

Economic News , Data & Views.......February 13 , 2017.....Quick Hits -1) Markets : Asian Calendar For Tuesday , Key Data & Market Moving News ; US Markets - S&P / Nasdaq / Dow / Russell 2000 / Midcap 400 / NYSE All Post New All Time Highs ( Enough Said On US Stock Indexes ) ; Oil Off 1.73% In New York , Additional Oil Related News ( US Shale / OPEC Calendar / Production Related News ) ; Additional Odds & Ends For Markets. 2) US Politics : General Flynn Still On Hot Seat But Probably Survives - This Time ; POTUS Meets PM Of Canada At White House Today - Talks Trade , Economy & Jobs For Women ; Confirmation Updates ; North Korea Situation Update. 3) Europe In Focus - Key News And Polling Data ( Where Relevant ) Touching On Greece , Italy , Germany , Poland , France & The UK. 4) Odds & Ends - Libya Updates , Elijah Magnier On Syria State Of Play.



Markets....




Asia.....




Economic data due from Asia today - China inflation, BOJ's Kuroda speaking




Good morning from Berlin. Asia stocks drop on reports of new US FX policy. Approach would result in US sanctions vs many countries in region







US considers new FX policy. Would potentially result in US sanctions vs many countries, not just .









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has become biggest exporter of . CPI rises to multi-year highs as CenBank eyes tighter policy.






Soaring China PPI due to commodity prices. Is it sustainable when housing market is cooling down?







China PPI growth in Jan. fastest since Aug '11; CPI fastest since May '14. Breakdown: Food 2.7% Healthcare 5% Mining 31% Raw materials 12.9%






Why the BOJ near 40% of the bond market is no laughing matter






Japan FinMin Aso: Japan-Us Economic Dialogue To Address Issues Including Bilateral Ties And Trade And Investment In Asia Pacific - RTRS





1 hour ago
Aso: Setting Framework For Economic Dialogue May Take Some Time But Want To Forge Ahead Actively





1 hour ago
Japan PM Abe: Agreed With US Pres Trump To Hold Bilateral Summit Whenever Both Attend G7 Meetings - RTRS






1 hour ago
Japan FinMin Aso: Japan Proposed To Trump Idea Of Opening Economic Dialogue For Including Fiscal, Monetary & Structural Policies - RTRS




Abe Told US Pres Trump Discussions On FX Should Be Left For Finance Minister & Treasury Secretary




HOT Percentage of index members above 50DMA H-Shares 100% Hang Seng 94% Nifty 88% Taiex 85% Straits Times, KLCI 83% Topix 69% ASX 200 63%






Chinese January inflation data due in 2 hours; forecasts: CPI +2.4% (highest since 2014) PPI +6.5% (highest since 2011)






Australia - ANZ Weekly consumer confidence: 116.4 (prior 117.5)


US.....





Monday
S&P: All-Time High Dow: All-Time High Nasdaq: All-Time High MidCap 400: All-Time High Russell 2000: All-Time High NYSE: All-Time High







DAKOTA ACCESS JUDGE REJECTS TRIBE’S REQUEST FOR TEMPORARY HOLD: BBG







U.S. crude futures settle at $52.93/bbl.⬇$0.93. -1.73%. _H7 volume: ~508k






| March shale output seen at 4.87mbd.⬆80kbd m/m.




| min: still early for to make decision on extending cuts. will be looking at Jan/Feb/March data 4clarity. BBG.





Upcoming calendar:






There are 2 questions Yellen won’t be able to dodge on Capitol Hill this week






Fed's Kaplan: Fed should hike sooner rather than later









US Politics......






General Flynn resigns , letter of resignation....








NEWS: Keith Kellogg is acting national security adviser with Mike Flynn's departure, source tells me.







Of the three names under consideration ( Keith Kellogg , David Petraeus & Bob Harwood ) , Harwood would send a signal for sure.






BREAKING: Federal judge in Virginia has issued injunction banning Trump Administration's travel ban from being implemented in the state







Trump has a Treasury secretary. U.S. Senate confirms Steven Mnuchin with a 53-47 vote.






McConnell sets up votes on six Trump nominees







If Flynn stays , it's on an extremely short leash , with Pence , Pompeo and Mattis watching his every move.





"I can't reveal what" Gen. Flynn "has discussed with the president," Kellyanne Conway tells .



Gen. Flynn has said "can't recall" whether discussed sanctions with Russian ambassador before taking office, Kellyanne Conway tells .





Just spoke to House Intel Chairman Devin Nunes about Mike Flynn. He expects Flynn to keep his job, blames "swamp" denizens for leaks...







Sean Spicer says no classified info reviewed in public view at Mar-a-Lago. Trump was briefed on N Korea in a room for classified briefings.








President Trump tells reporters Chief of Staff Priebus is doing, "Not a good job, a great one."







BREAKING: The U.S. plans to impose sanctions on Venezuela's vice president, officials say







U.S. intelligence withholding information from Trump? - The weirdest thing about this piece? It ran in the New ...




Trump reviews top White House staff after tumultuous start





Republicans, aiming to kill ObamaCare, also work to shore it up







Flynn says he has no plans to resign. Remains to be seen if he is forced out - he doesn't have to be fired for that.







Four GOP senators have told leadership that they won't support Trump's pick for labor secretary, sources say.






Nine Cabinet nominees are out of committee but await confirmation. Here's an update on them.







Trump: US/Canada to work for mutually agreeable trade





US/Canada discussed economy, jobs for women




Wonderful meeting with Canadian PM and a group of leading CEO's & business women from Canada🇨🇦and the United States🇺🇸







In joint statement, Trump & Trudeau don't mention NAFTA, but commit to build on "the existing strong foundation for trade & investment."







EU -US dust off regarding border tax which hasn't been established yet.






Nice primer regarding Trudeau -Trump meeting and key issues.







Will deal very strongly with North Korea






More from Abe: Trump will consider all options regarding North Korea






Visit set for Thursday cancelled , no reason given.






North Korean missile appears to be medium-range - Pentagon



Trump conducts national security meeting in public during Mar-a-Lago dinner







Europe.....




Greece.....




Greece could have its sovereign rating slashed further into junk later this month






Greece on track with program but IMF too pessimistic, Dombrovskis says






Extension of uncertainty & potential worsening of macro figures cld hit banks capital ahead of stress tests, BoG governor warns






Conservative chief to present alternatives in Berlin






Athens yet to respond to lenders' latest proposal






Italy......





*RENZI SAYS ITALY POLITICAL SITUATION IS BLOCKED





ITALY'S EX-PM RENZI, WHO HEADS RULING PARTY, SAYS GOVT SHOULD NOT RAISE EXCISE DUTIES TO CUT DEFICIT AS IT PLEDGED TO EU






The EU warns that France will face austerity measures to meet its budget rules whoever wins the May election








Italy, Piepoli poll: PD-S&D: 32% M5S-EFDD: 27% LN-ENF: 12% FI-EPP: 11% FdI-NI: 5% NCD-EPP: 3% SI-LEFT: 3%







Germany....




Bavaria tells Trump: forget Germany, we’re most like you







Germany committed to Greece bailout program, Merkel spokesman says







SPD putting CDU under pressure...








Schulz warns against Grexit speculation






poll [Insa-]: SPD 31% CDU/CSU 30% AfD 12% Grüne 10% Die Linke 7% FDP 5% -1 Social-democrats retain lead for 2nd week.





Germany, Civey poll: CDU/CSU-EPP: 33% SPD-S&D: 29% ↑ AfD-ENF: 11% LINKE-LEFT: 8% GRÜNE-G/EFA: 8% FDP-ALDE: 6%






Germany, Ipsos poll: CDU/CSU-EPP: 33% ↓ SPD-S&D: 29% ↑ AfD-ENF: 12% ↓ LINKE-LEFT: 9% ↓ GRÜNE-G/EFA: 8% ↓ FDP-ALDE: 5% ↓










Germany, Emnid poll: CDU/CDU-EPP: 33% SPD-S&D: 32% ↑ AfD-ENF: 10%↓ LINKE-LEFT: 8% GRÜNE-GREEN: 7% ↓ FDP-ALDE: 6%





Poland....




Polish PM to remain in hospital for next several days: government spokesman






UK.......





Thst attitude will result in a "hard brexit "result..






Very well written piece...







France.....




Le Pen's plan to ditch the euro 'would cost France €30 billion a year'








France, Opinion Way poll: Le Pen (FN-ENF): 26% ↑ Macron (EM-NI) 22% ↑ Fillon (LR-EPP): 21% ↑ Hamon (PS-S&D) 15%...





France: Support for the three top candidates (ENF), , and (EPP) grows. Le Pen in the lead (Opinion Way poll).







Odds & Ends....





Libya....













LIA now run jointly by two chairmen who never meet, reflecting Libya’s chaos -







BREAKING Tripoli militia takes into custody chairman and officials of one of Libya's key oil companies.









Tripoli militia says oil executives seized in relation to Gaza floating dock. Dock went live Feb 11







Meeting of minds between Serraj and Haftar , reached in Cairo sit down ?







UK Libya ambassador says new Tripoli militia, National Guard, is illegitimate.








Libyan-Italian Joint Operations Room to combat illegal migration activated in









PC/ GNA spox refutes Italian agreement will allow illegal migrants to be based in Libya.m





UN Secretary General says Fayyad is "right choice" for Libya delegate

















Municipal Councils of greater hold first forum to discuss security in areas in & around the capital






Syria......





BBC discovers Tahrir al-Sham, Al-Qaeda's latest incarnation in Syria








peace talk: 23d of February in under after 2 this Wednesday .






and guarantee the cease-fire in : (HTS) will not sit and watch.






It looks like Baghdadi is in Talafar from ISIS attempt to continuously break the PMU siege. No confirmation.








There is no confirmation that Baghdadi is hit, injured or killed.







is certain Baghdadi is in . Many commndrs killed 2day by Sukur al-Sahraa including a










Baghdad believes its air force targeted Abu Bakr al-Baghdadi HQ in west killing at least 13 commanders: unconfirmed.






tried (again) 2open a breach 2 Syria n lines in Ain al-Hisan on front (fiercest since November),leaving 37 bodies behind









used several tanks, 5 and over 200 militants during 9 hours attack to (unsuccessfully) escape2 .