Economic data due from Asia today
Good morning from Berlin. Asia stock rise to 18mth highs on fresh China optimism, a huge rally in global bond markets & small bounce in oil.
Trump's letter to China's Xi, seeks 'constructive relationship'
Japan PM Abe to propose US-Japan cabinet level talks to Trump
MSCI Asia Ex-Japan Equity Index Hits Highest Level Since July 2015
Asia opens mostly higher following a mixed US lead where financials weighed tDJIA and energy rebounded despite bearish DoE inventory report
PBoC To Skip Open Market Ops For Fifth Consecutive Day
PBoC Fixes USDCNY Reference Rate At 6.8710 (prev fix 6.8849 prev close 6.8715)
More on the PBOC meeting with BTC exchanges - no financing, no laundering
PBOC held "closed-door meeting" with bitcoin exchanges on Wednesday
Full text of the RBNZ statement
NZDUSD initial move is lower after decision
Analysts react to the RBNZ decision
New Zealand Building Consents (permits) (Dec.): -7.2% m/m (prior -9.2%)
China Securities Journal: China may continue monetary tightening in 2017
More on the PBOC tightening story
Nasdaq another record. S&P up by not in record close territory
US sell $24bln 10y bonds -Direct: 4.4% (prev. 8.7%) -Indirect: 65.1% (prev. 70.5%)
US sell $24bln 10y bonds -Yield: 2.333% (prev. 2.342%, WI 2.314%) -Cover: 2.29 (prev. 2.58)
US COMMERCIAL CRUDE STOCKS are now +38 million bbl (+8.0%) higher than in 2016 and +183 million bbl (+56%) above 10-year average
US COMMERCIAL CRUDE STOCKS surged higher by +13.8 million bbl to 509 million bbl last week, a much bigger seasonal increase than normal
U.S. is forecast to pump the most crude since 1970 next year http://bloom.bg/2klLWA2
If the U.S. does not win this case as it so obviously should, we can never have the security and safety to which we are entitled. Politics!
It is a disgrace that my full Cabinet is still not in place, the longest such delay in the history of our country. Obstruction by Democrats!
BREAKING: Senate confirms Republican Sen. Jeff Sessions to be attorney general despite strong Democratic opposition.
TJ Maxx throws away signs advertising Ivanka Trump merchandise http://hill.cm/vOUWkxK
ANTHEM’S BID FOR CIGNA BLOCKED BY JUDGE AS ANTICOMPETITIVE
BREAKING: Iran has test-fired another missile
JUST IN: Trump SCOTUS pick called president's attack on judge over travel ban "demoralizing" http://hill.cm/oDt2odR
How long before GOP House members float a Bill for a shrink to examine their Democrat Colleagues ?
Poll: Trump administration seen as more truthful than news media http://hill.cm/DaWw7aX
Black Caucus members storm Senate floor to protest Sessions: http://hill.cm/9ALQ5Ec
No ruling today on Trump travel ban, US court says. Court official says up to 90 minutes advance notice will be given before ruling issued.
In Oval Office with Trump, Intel Corp. CEO announces $7 billion investment in its "newest most advanced factory," in Chandler, Arizona.
During Election 2016-Drudge was one of Trump's biggest blogger supporters. Now seems to have soured on GOP & Trump.
REPORT: Hillary Clinton's son-in-law is shutting down his hedge fund http://buff.ly/2kTcFXz
Polite, welcoming applause for President Trump's words at big-city chiefs and sheriffs' winter meeting, but fairly quiet reaction.
Trump said he would've been slower with extreme vetting order--"in fact, I said let's give a 1-month notice"--but law enforcement "said no."
"I wasn't kidding, I don't kid," Trump said at chiefs and sheriffs meeting, referring to his promise to build southern border wall.
"It's being designed right now," Trump says of the wall.
#MEXICO'S TOP DIPLOMAT TO HOLD MEETINGS WITH SENIOR U.S. OFFICIALS IN WASHINGTON - MEXICO FOREIGN MINISTRY - RTRS. $USDMXN
Something to keep an eye on..
Visitors may have to hand over social media passwords to enter U.S. http://nbcnews.to/2kS9JdG
Deutsche Bank Walks Away From US Swaps Clearing - FT
Polish banks on alert after mystery #malware found on computers http://www.cio.com/article/3166453/security/polish-banks-on-alert-after-mystery-malware-found-on-computers.html … via @CIOonline
Cyber expert's arrest silences Russian contacts of some Western crime fighters http://reut.rs/2lph01Y
I never thought I'd see the day where the House of Commons overwhelmingly voted for Britain to Leave the European Union.
BREAKING | Article 50 bill passes final Commons vote by 494 to 122, a majority of 372.
ATHEX: Stocks fall as confidence diminishes http://dlvr.it/NKSkb1
So , we're back to Grexit for any real world debt relief - aka debt writedown / haircut.
How ironic the notion of the EU being floated as effective against "US Aggression" ! Has the US become Russia now ?
#EU states could be penalised for not taking in over 140,000 refugees who need to be relocated from Greece and Italy …
IMF:For Greece to return to sustainable growth and exit successfully from official financing, it needs to deepen and accelerate reforms
IMF:In case of 3.5%, additional structural reforms will be needed but they should be implemented only once the recovery is well underway
IMF:Regardless of fiscal targets, Greece should seek more growth-friendly policies, broaden personal income tax bases-reform pension system
IMF-Germany haggling: for how many years should Greece run a 3.5% primary surplus? Trade-off with debt relief. https://goo.gl/SvMxql
#Athens: Angry firefighters raid Ministry protesting labor contracts #Greece http://www.keeptalkinggreece.com/2017/02/08/athens-angry-firefighters-raid-ministry-protesting-labor-contracts/#.WJscVgjJCqk.twitter …
Majority of Greeks want to stop immigration from Muslim-majority countries, survey shows http://dlvr.it/NKJhjt
EU nations took 12,000 refugees from 160k plan http://dlvr.it/NKJjBM
Odds & Ends....
India announces removal of cash withdrawal limit http://bit.ly/2k3KEgY
US military expects IS' capital of Raqqa to be "completely isolated" in the next few weeks + it & Mosul to be captured within next 6 months
LATEST — US expects Daesh’s defacto capital of Raqqa in Syria to be “completely isolated” in the next few weeks, US mil. says
LIVE — PM Yıldırım: Turkey-backed FSA have surrounded Al-Bab on all sides, clashes resume for full control of town http://sabahdai.ly/BnUFro
#ISF Kills 26 #IS Militants, Destroys Drones - #BasNews http://www.basnews.com/index.php/en/news/iraq/329139 …
Heavy clashes in Abu Sleem; shooting spreads to other Tripoli districts https://www.libyaherald.com/2017/02/08/heavy-clashes-in-abu-sleem-shooting-spreads-to-other-tripoli-districts/ … via @libyaherald
Reports of heavy fighting (tanks = unconfirmed) in Tripoli bw pro & anti PC/GNA forces.But hey at least Tripoli = safe 4 foreign investors!!
#Libya: It looks like the next big war in Tripoli started today.
Mystery surrounds funding for this diplomatic police force...
Defense Minister-designate of UN-installed government Mihdi Al-Baraghati receives Ambassador of #NorthKorea to discuss military cooperation
Libya's GNA Prime Minister arrives in Turkey http://www.libyanexpress.com/libyas-gna-prime-minister-arrives-in-turkey/ …
#Libya More on struggle for control of Libya's $67 billion sovereign wealth fund (LIA) https://www.libyaherald.com/2017/02/06/breish-returns-to-tripoli-lia-hq-after-court-voids-pcgna-appointment-employees-refute-forced-militia-entry/ …