Good morning from Berlin on Brexitday. Asia stocks edge higher following Wall St but Japan lower as comps trading ex-dividend. Pound suffers
Economic data due from Asia today (& a Fed Governor speaking soon!)
Is Huishan Dairy too big to fail - for Banks in China ?
HUISHAN DAIRY ASKS CREDITORS TO NOT WITHDRAW LOANS: 21ST HERALD. What an interesting way to file for bankruptcy
China Huishan Dairy issues first public defense after its stock crashed in Hong Kong https://www.bloomberg.com/news/articles/2017-03-28/huishan-dairy-issues-first-public-defense-after-shares-plunge … via @markets
Japan - Retail sales (February): +0.2% m/m (expected +0.3%)
China Beige Book says economy steady for now, but concern on momentum
US stocks end with solid gains
ForexLive Americas FX news wrap: US dollar roars back
Private oil inventory data shows larger than expected build in crude stocks
CRUDE +1.909mb GASOLINE -1.104mb DISTILLATES -2.035mb CUSHING -0.576mb
U.S. crude #oil futures settle at $48.37/bbl.$0.64. +1.34%. #CME #NYMEX #WTI $CL_K7 #OOTT volume: ~459k
Fed's Powell: Fed should be moving slowly toward more neutral stance
Fed Vice Chair Fischer: Two more rate hikes seem appropriate, sensible to have a wait-and-see attitude on fiscal plan - CNBC $FED
Fed’s Kaplan: Volcker Rule Ought To Be Looked At Again
Fed’s George: Doesn’t Want Fed To Raise Rates Quickly And Shock The Economy
Fed’s George: Not Sure How Trump Administration Fiscal Policies Will Affect The Economic Outlook
Fed Yellen's Speech On Workforce Development Challenges In Low-Income Communities In Washington
NEW: GOP looks to avoid government shutdown by dodging spending fight with Dems http://hill.cm/r3hK9jH
NEW: Senate gearing up for a showdown over Gorsuch's Supreme Court nomination http://hill.cm/gOhZQiY
JUST IN: DNC asking entire staff for resignation letters: report http://hill.cm/O7B893u
1. In 2006, Manafort's partner Davis who later ran John McCain's 2008 campaign, set up a meeting between McCain and Deripaska @SesameTweet3
Manafort is linked to 10+ companies in Cyprus - at least one was used to receive $$ from Putin-ally Oleg Deripaska.
Trump signs order sweeping away Obama-era climate policies http://reut.rs/2oe7il4
Another link to the alleged gold laundering swept up..
Trump: Will Talk About Infrastructure, Important To Get Done
Trump Tells Reception For Senators: We Are All Going To Make A Deal On Healthcare Very Quickly - RTRS
White House, congressional GOP pretending that they’re still negotiating on health care
Freedom Caucus member introduced bill to force ObamaCare repeal vote http://hill.cm/ZzKCuuq
Second GOP lawmaker considering leaving Freedom Caucus after ObamaCare repeal failure http://hill.cm/bRk0bqD
House intel panel chief Nunes says he will not divulge his sources http://reut.rs/2o4l5NU
House Intel panel probe into Russian meddling in U.S. election appears frozen, via @MattSchodcnews & @MichaelDoyle10 http://www.mcclatchydc.com/news/politics-government/congress/article141234323.html#storylink=cpy …
JUST IN: First GOP lawmaker calls for Nunes to recuse himself from Trump-Russia probe http://hill.cm/oYlKAhs
Graham: Nunes's refusal to reveal surveillance source puts "his objectivity in question" http://hill.cm/ydsqLak
McConnell rejects idea of independent commission on Russia, expresses confidence in Senate review - but won't say if he's confident in House
Paul Ryan remains on Team Nunes
PM May has signed Article 50 letter !
What happens to the pound once Article 50 is finally triggered - Another view
GERMANY'S CHAMBERS OF COMMERCE PRESIDENT SAYS BREXIT WILL SIGNIFICANTLY HURT BUSINESS FOR GERMAN COMPANIES
Eurosceptic MPs walk out from ‘gloomy’ Brexit committee
Penelope Fillon charged with embezzlement, misappropriation of public funds & aggravated fraud following 13 hours with three Paris judges
Reuters - Wife of presidential candidate Fillon now under formal investigation
Former French PM and Socialist Party primary loser Manuel Valls rumoured to announce support for Macron in radio intrvw tomorrow morning.
... If he does, he creates a clear and present danger for Macron: how to deal with the unwelcome support of a truly unpopular former foe ?
Power workers threaten blackouts as sale of PPC seen moving ahead http://dlvr.it/Nl3vfp
Fraport #Greece signs funding deal with 5 lenders
Greek PM seeks to nip dissent in bud http://dlvr.it/Nl1cpc
Europe Odds & Ends....
U.S. JUSTICE DEPARTMENT SAYS DEUTSCHE BANK’S LONDON SUBSIDIARY SENTENCED FOR MANIPULATION OF LIBOR - Reuters News
Exclusive - ECB replaces Brussels head, annuls four hires after rule breach http://reut.rs/2o3GuXl
A calm assessment of Dijsselbloem's caustic comments.....
Manfred Weber and others ask Dijsselbloem to resign from the Eurogroup presidency
LNA military build-up in Traghen as Fezzan elders work on ensuring end to Tamenhint ... - https://www.libyaherald.com/2017/03/28/lna-military-build-up-in-traghen-as-fezzan-elders-work-on-ensuring-end-to-tamenhint-standoff/ …
French ambassador and UN deputy special envoy meet HoR in Tobruk - https://www.libyaherald.com/2017/03/28/french-ambassador-and-un-deputy-special-envoy-meet-hor-in-tobruk/ …
Libyan oil output drops to 560.000 bpd after key oilfields' shutdown http://www.libyanexpress.com/libyan-oil-output-drops-to-560-000-bpd-after-key-oilfields-shutdown/ …
Sabratha mayor says he cannot control local fuel smugglers - https://www.libyaherald.com/2017/03/28/sabratha-mayor-says-he-cannot-control-fuel-smugglers/ …
Four policemen gunned down in Tripoli bank heist - https://www.libyaherald.com/2017/03/28/four-policemen-gunned-down-in-tripoli-bank-heist/ …
Serraj arrives arrives in Jordan for Arab Summit - https://www.libyaherald.com/2017/03/28/serraj-arrives-arrives-in-jordan-for-arab-summit/ …
Southern Region Admin says 2 wells in Man-Made River out of service after "thieves" removed copper wire & equipment http://alwasat.ly/ar/news/libya/137185/ …
#Libya UN holds talks with president of Libya parliament. Footage and quotes.
Oilfields taken hostage. Civilians will suffer via powercuts..
More bad news while PC fights against NOC which in turn reports about illegal oil sales by a "group of individuals"