Friday, March 3, 2017

Economic News , Data & Views....... March 3 , 2017......Quick Hits For Friday -1) Markets : Dow / S&P / Nasdaq Post Small Gains Today ; Yellen & Fischer Suggest March Rate Hike By Fed Is Very Possible ; Oil Bounces Back To End Up 1.37 % or 72Cents , Oil Rigs Count Increases To 609 (+7) ; Additional News Of Note - Europe Market Close and US Market Close. 2) US Political Round Up : Confirmation Updates ; Commerce Secretary Ross Roils FX With Comments On NAFTA ; Russia Probe / Election 2016 Items ; JCC Bomb Threats - One Suspect Arrested , A Bit Of A Head Scratcher ; Travel Ban Remains Floating In Ether ; Keystone Update ; German & Chines Leader Set US Visits ; Additional Items Of Interest. 3) Europe : Greece Bailout Review Flounders , Grexit On/Off Table Depending Whom Is Speaking , Tax Chaos Continues ; French & Netherlands Election Updates / Polling Data ; UK - May Set To Reject EU's 50Bn Pound Exit Demand , Scotland In Focus , Additional News Of Note. 4) Odds & Ends - Libya , Iraq & Syria In Focus !




Markets.......






US Market Wrap 03-Mar-17: Yellen Points To March Rate Hike, As Stock Market Bounces Around






US stocks end the session with small gains







ForexLive Americas FX news wrap: Yellen leaves little doubt




US crude oil futures settle at $53.33/BBL



/6 hours ago
Baker Hughes US oil rig count 609 vs 602 prior














As OPEC output drops, US oil production surges above 9 million barrels a day, after gaining more than 550,000 barrels a day since the summer








Fed's Yellen: Rate hike at next meeting "would likely be appropriate" if data good enough





Key passage from Yellen:






It doesn't get much more clear than that.




Fed's Fischer suggests there has been a concerted effort to boost hike odds



Fed's Bullard sees no change in economy to justify March hike



US Briefing 03-Mar-17: Fed Yellen's Speech In Focus, New Odoxa Poll Shows Le Pen Failing To Make 2nd Round For 1st Time







US Politics.....






1 hour ago
Trump gives commanders new powers to launch military strikes: report







China's president, Xi Jinping, plans to visit United States in April or May, per . cc







"You have to buy American steel" for Keystone and Dakota, Trump on Feb. 17. WH today: US-made pipes not necessary.




Trump will have a "working weekend" at Mar-a-Lago before returning to White House Sunday night, deputy press sec said on AF1.







Leaking still occurring , it would appear..








Asked if there's anything President Trump feels he doesn't know yet on Russia contact, spokeswoman Sarah Sanders said: "I don't think so."







Asked about timing of new executive order on refugees/travel from majority-Muslim countries, Sarah Sanders said no announcement right now.







Anti-Defamation League: at least one arrest has been made in connection with the bomb threats reported against it





BREAKING: Juan Thompson, 31, was arrested in St. Louis >> allegedly connected to at least eight against &






Per criminal complaint, Juan Thompson not only allegedly made phone threats to JCCs but also forged faxes to company of ex-gf





While at same time as allegedly threatening JCCs, suspect Juan Thompson repeatedly made tweets sympathetic to JCCs.






Meet the Trump pick who could lead Russia probe







USD/MXN tumbles more than 2.50% as Mexican Peso soars






Wilbur Ross roils dollar and peso....






Senate did 3 this week: Ross, Carson, Perry. Has 4 left to consider: Acosta (labor), Perdue (ag), Coats (DNI), Lighthizer (trade rep).




Europe.....





UK....






Lords say UK not forced to pay EU -







Britain can leave the EU without paying a penny, government lawyers tell May







The SNP doesn't want independence. It wants to transfer dependence on London to (direct) dependence on Brussels.






20 rebel Tory MPs expected to support Lords amendment for 'meaningful vote' by Parliament on Article 50









Ah. So it wasn't about giving parliament a vote on triggering Article 50 then? Thought not.







France.....




Le Pen gives the "high hat" treatment...





FRANCE'S FILLON SAYS CALLS ON SUPPORTERS TO SHOW RESISTANCE AND COME IN LARGE NUMBERS TO SUNDAY RALLY IN PARIS





| MACRON 1ST-ROUND SUPPORT AT 27% IN ODOXA POLL, LE PEN AT 25.5% - BBG




| FILLON WOULD BE ELIMINATED IN 1ST ROUND WITH 19%: ODOXA POLL - BBG *JUPPE WOULD GET 26.5% IN 1ST ROUND IF HE'D RUN: ODOXA POLL





Netherlands.....




| FREEDOM PARTY SUPPORT LOSES 4 SEATS TO 25 IN PEIL.NL POLL - BBG





| LIBERAL PARTY SUPPORT FALLS 1 SEAT TO 24 IN PEIL.NL POLL - BBG *DUTCH CHRISTIAN DEMOCRATS SUPPORT UP 3 SEATS TO 21




Greece........






EU Commission in Contact With World Bank for Possible Loan to Greece, Breidthardt Says







Grexit Now ‘Off the Table’ Says EWG’s Thomas Wieser at Delphi Economic Forum







Key EU official rues delays in talks, plays down debt hopes






Tax mechanism chaos: Unskilled officials, contradictory circulars






Former Greek PM: Grexit Still Possible, Europe Won’t Back Down






Sale of Ethniki Insurance is imminent








French giant CMA CGM to join race for Thessaloniki Port stake







Odds & Ends....




Libya Oil Crescent Attack.....


( Highlights - much more at Twitter T.L )





Offensive launched this morning from Waddan towards Sidra, Libya's biggest oil port. Oil/military map (Petroleum Economist)







Here we go with the Oil Crescent attacks again ....


new attack on oil terminals by Defense Brig. Attack ongoing. NOC emergency committee monitoring situation at terminals




Update: NOC emergency meeting in the oil terminals area ongoing. Attack by BDB forces & some forces from continues.





Update: LNA reinforcements arrived in the oil crescent area. Def. Brigades attack seems to have failed.





LNA forces sustained causalities (deaths &injuries) during BDB attack on oil terminals today. However, LNA is now gaining upper hand.





Presidency Council has just denied any relationship with today's attack against the oil fields and condemned it.






made amajor success today and foils last attempt to regain the oil crescent. the Political course in is now very far away






Air strikes targeting vehicles south . the threat ended but the the security breach in this area highlights many questions





situation in : declares the full control of the oil crescent from to , the fight now will be south







: according to the available info, the main gathering point of forces was in south






Main target was but the attacking forces headed to and enterd it In conjunction with another group headed to






said in the press conf : the aircrafts are now in a safe place, the forces in Ras Lanuf are reinforced, night clashes still ongoing






update: clashes in the area between and , Specifically 20 km west




update: clashes near away from the residental area, between the airstrip and the reconnaissance camp





Iraq & Syria....


( Note For Mosul Eye Tweet - first of twelve tweets in thread )


If the UN or any other organizations start to drop emergency relief to the residents of the western bank, we are...







Albu-Say'yaf : tunnel used for training discovered during
 









Thread in process regarding situation in West Mosul. A good update to check out.








NEWS ALERT: So far, 6707 families (40,242 individuals) have been displaced from since Feb 25 as tracked by 's








Erdoğan on Raqqa, Manbij, US & Kurds





opposition says Geneva talks "more positive" than previous round







Going to be an important test for various relationships -Turkey & US , US & Russia , Turkey & Syria , US & SDF.











If this is accurate , very interesting news item...







Russian MoD MAP of East Aleppo 3/3/17.








Russian MoD MAP of Palmyra, E. Homs CS 3/3/17.