Markets.....
Asia.....
Economic data due from Asia today - Japan CPI day, China PMis
Good morning from Berlin. Asia stock markets mixed on the final day of a stellar quarter. Dollar index higher but poised for quarterly loss.
China Manufacturing PMI (March): 51.8 (expected is 51.7)
China Service PMI (March): 55.1 (prior was 54.2)
China vice foreign minister says no currency devaluation policy to promote exports
Maybe the BoJ has finally won the fight against #deflation. After printing money like crazy, #Japan's CPI has climbed for a 2nd cons month.
Japan headline inflation (February): 0.3% y/y (vs. expected 0.2%)
Japan - (Feb) Overall Household Spending: -3.8% y/y (expected -1.7%) (& more data)
South Korean Industrial Production (YoY) Feb: 6.6% (exp 8.0%; prev 1.7%; rev prev 1.4%)
South Korean Industrial Production (MoM) Feb: -3.4% (exp -0.3%; prev 3.3%; rev prev 2.9%)
New Zealand Building Consents (permits) for February: +14.0% m/m (prior +0.8%)
US.....
Reflation Comes Roaring Back From The Dead: Stocks Jump On Strong Dollar, Oil Above $50 http://www.zerohedge.com/news/2017-03-30/reflation-comes-roaring-back-dead-stocks-jump-strong-dollar-oil-above-50 …
Nasdaq closes at record high.
Forexlive America's Forex news wrap: US dollar recovers in NY session
US Politics....
The meeting next week with China will be a very difficult one in that we can no longer have massive trade deficits...
...and job losses. American companies must be prepared to look at other alternatives.
#BREAKING: Second Democrat announces support of Gorsuch http://hill.cm/WLbdR0c
ANOTHER ONE. North Dakota Democratic Senator Heidi Heitkamp joins WV Democratic Sen. Joe Manchin in pledging support for Judge Neil Gorsuch.
FWIW , A House Intel Dem Aide says Michael Flynn has not offered to testify to HPSCI in exchange for immunity. Clear as mud , I see.
WHOA !!!!!!!! Mike Flynn allegedly offers to testify IF given immunity ! ? !
Trump administration has invited leaders of intel committees to come view certain classified materials.
In letter to House Intel leaders, White House counsel Don McGahn said he'll help
make documents available for committee leaders' inspection.
White House's Don McGahn says in letter hopes intel committee leaders will investigate whether intel in the docs was "properly gathered."
Don McGahn's letter says the docs were discovered by National Security Council staff "in the ordinary course of business."
JUST IN: Two White House officials helped Nunes get Trump surveillance intel: report http://hill.cm/SzK2ZEK
Ryan: Nunes source a "whistleblower type" http://hill.cm/hO8EXbM
Spicer says the White House will decide whether to pull out of Paris climate accord by the G7 summit in late May
Trump to sign bill repealing Obama internet privacy rule http://hill.cm/M9QVKAt
Pence casts tiebreaking vote on rolling back Obama protection for Planned Parenthood http://hill.cm/s1Ljw7y
If @RepMarkMeadows, @Jim_Jordan and @Raul_Labrador would get on board we would have both great healthcare and massive tax cuts & reform.
Top Trump aide leaves White House following failure of healthcare bill http://hill.cm/KxGTlHV
With Katie Walsh's job shift, any more staffing shakeups expected in the West Wing?
"No," Sean Spicer says.
NEW: Trump and Freedom Caucus turn on each other http://hill.cm/1wm6mQ6
A GOP leader of the House Freedom Caucus shoots back at President Trump.
The Freedom Caucus will hurt the entire Republican agenda if they don't get on the team, & fast. We must fight them, & Dems, in 2018!
U.S. will appeal injunction of Trump revised travel order http://reut.rs/2nFksZX
Order granting Plaintiffs' Motion to convert TRO into Preliminary Injunction. Nationwide , Court declines to stay Order if appealed.
Europe.....
UK....
EU president threatens to "break up" the US as revenge for Trump's Brexit support http://hill.cm/QkB0vWO
Friday's FT: "HMRC warns customs risks being swamped by Brexit surge" (via @hendopolis) #tomorrowspaperstoday
Qatar, the UAE, Saudi Arabia, Kuwait, Bahrain and Oman could be first to sign trade agreement with post-Brexit UK http://ow.ly/jsXG30apuEi
Tomorrow's Daily Telegraph front page today: 'UK will regain power to deport'
Nicola Sturgeon signs letter asking for second Scottish independence referendum http://www.itv.com/news/2017-03-30/nicola-sturgeon-signs-letter-asking-for-second-scottish-independence-referendum/ …
David Cameron was a closet Eurosceptic all along... good
France.....
France's feuding Socialist party left facing the end of the road http://dlvr.it/Nm7nWv
France: Presidential election (run-off), Ifop poll:
Macron (EM-*): 60% (=)
Le Pen (FN-ENF): 40% (=)
France, Ifop poll:
Macron (EM-*): 26%
Le Pen (FN-ENF): 26%
Fillon (LR-EPP): 18%
Melénchon (FI-LEFT): 15% ↑
Hamon... http://fb.me/8HUlh3vXQ
fred walton @fredwalton216
Vote for French Presidency still murky..
Melenchon quietly sneaking up on the Fillon for third place...
Additional News From Around Europe Of Note...
[Bloomberg] Draghi's German Problem May Fizzle as ECB Sticks to Its Plan
[WSJ] ECB’s Knot Says Central Bank Could Soon Start Unwinding Stimulus
In Austria's zombie bank news we have:
*HETA SAYS 5 CREDITORS ARE STILL SUING FOR FULL BOND REPAYMENT
Don't hold your breath waiting on the IMF to say anything about the backsliding on fighting Ukrainian corruption....
Present calm before the storm ? Former Head of British Embassy in Benghazi says up to 1 million migrants/ refugees on way to Europe...
Bid to get SYRIZA behind deal as eurozone officials meet http://dlvr.it/Nlxbwg
DIJSSELBLOEM SAYS NO STAFF-LEVEL AGREEMENT YET ON GREECE
Whether one looks at data from Brandenburg , Hesse or Bavaria , CPI in Germany fell sharply for March....
Odds & Ends....
South Africa....
South Africa Rand keeps sinking as Zuma fires Pravin Gordhan as FinMin. Risks downgrade by rating agencies. 1 notch above junk at S&P, Fitch
South African rand slides amid reports Zuma has fired Treasury head. http://on.ft.com/2nov9xr
SOUTH AFRICA’S ZUMA APPOINTS GIGABA AS NEW FINANCE MINISTER: BBG
Zuma Does remove Pravin Gordhan as Finance Minister - keep your eyes on South Africa.
South Africa political turmoil about to be ratcheted - this on top of Zuma facing mass Cabinet walkout if he fires Pravin Gordhan.
Libya.....
Arab Summit decision to support the Presidential Council prevents communication with other authorities in #Libya
http://alwasat.ly/ar/news/libya/137340/ …
Fayez Serraj discusses developments in #Libya's oil crescent with #Egypt's Pres. Sisi
http://alwasat.ly/ar/news/libya/137344/ …
Fayez Serraj meets with #Russia's Deputy Foreign Minister, Mikhail Bogdanov, in Amman. #Libya
http://alwasat.ly/ar/news/libya/137370/ …
Pres. Council member Ahmed Hamza discusses securing #Tripoli w/ Gen. Paolo Serra. #Libya
http://alwasat.ly/ar/news/libya/137397/ …
150 mil Dinars printed in the UK arrive at the Central Bank in #Tripoli. #Libya
http://alwasat.ly/ar/news/libya/137409/ …
#Egypt: The Libyan National Army is the only power authorized to defend all of #Libya's vital installations
http://alwasat.ly/ar/news/libya/137419/ …
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