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
Baker Hughes US oil rig count 609 vs 602 prior
Number of U.S. drilling rigs has grown 91% to 602 in just over nine months https://www.bloomberg.com/news/articles/2017-03-03/leaner-fitter-faster-u-s-shale-oil-2-0-challenges-opec-again …
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
Trump gives commanders new powers to launch military strikes: report http://hill.cm/LZ4I3f9
"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 @SHSanders45 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
Per criminal complaint, Juan Thompson not only allegedly made phone threats to JCCs but also forged #antiSemitic faxes to company of ex-gf
While at same time as allegedly threatening JCCs, suspect Juan Thompson repeatedly made tweets sympathetic to JCCs. #JCC
Meet the Trump pick who could lead Russia probe http://hill.cm/Gy7dt7Q
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).
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 http://www.telegraph.co.uk/news/2017/03/02/20-rebel-tory-mps-expected-support-lords-amendment-meaningful/?utm_source=dlvr.it&utm_medium=twitter …
Ah. So it wasn't about giving parliament a vote on triggering Article 50 then? Thought not.
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
#FRANCE | MACRON 1ST-ROUND SUPPORT AT 27% IN ODOXA POLL, LE PEN AT 25.5% - BBG
#FRANCE | 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
EU Commission in Contact With World Bank for Possible Loan to Greece, Breidthardt Says http://dlvr.it/NXHTy7 #Greece
Key EU official rues delays in talks, plays down debt hopes http://dlvr.it/NXFxWF
Tax mechanism chaos: Unskilled officials, contradictory circulars http://dlvr.it/NXFxVq
Sale of Ethniki Insurance is imminent http://dlvr.it/NX4Vbl
French giant CMA CGM to join race for Thessaloniki Port stake http://dlvr.it/NX4VfC
Odds & Ends....
Libya Oil Crescent Attack.....
( Highlights - much more at Twitter T.L )
Here we go with the Oil Crescent attacks again ....
LNA forces sustained causalities (deaths &injuries) during BDB attack on oil terminals today. However, LNA is now gaining upper hand. #Libya
Presidency Council has just denied any relationship with today's attack against the oil fields and condemned it.
situation in #libya: #LNA declares the full control of the oil crescent from #Ajdabiya to #Nawfaliya , the fight now will be south #Jufrah
@LNASpox said in the press conf : the aircrafts are now in a safe place, the forces in Ras Lanuf are reinforced, night clashes still ongoing
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... http://fb.me/7FRjh5aib
Thread in process regarding situation in West Mosul. A good update to check out.
Erdoğan on Raqqa, Manbij, US & Kurds http://sabahdai.ly/eEh76h
#Syria 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.
Syria Daily: With Russia & US Help, Regime Takes Palmyra from ISIS http://eaworldview.com/2017/03/syria-daily-regime-with-russian-us-help-retakes-palmyra-from-isis/ … via @EA_Worldview
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.