Monday, March 6, 2017

Economic News , Data & Views.....March 6 , 2017......Quick Hits For Monday 1) Markets : Asia - Economic Calendar For Tuesday & Market Moving Data And News , North Korea Claims Missile Launches Over The Weekend Were An Exercise To Strike US Bases In Japan ; US - The 3 Major Indexes Grind Lower But End Off Lows Of Day , Gold / Oil End Lower , US Bond Yields Move Higher. 2) US Politics : New Executive Action For Travel Ban Involving 6 Nations Rolled Out , Russia Election Interference ( And All Related Tangled Webs Such As Wiretapping " S-Storm" ) Updates , Obamacare Update , North Korea Responses Contemplated After Latest Provocative Missile Launches , Trump Tweets For Monday , Additional Items Of Note. 3) Europe In Focus : Fillon Pulls Off Hail Mary Pass - Huge Crowd Sunday , Juppe Not Running In Presidency Race , Conservatives Close Ranks ; Greece Updates - Domestic & International Concerns , Creditor Talks Updates , Refugee Crisis Updates ; Germany - Erdogan Calls Germany Blocking Rallies In Support Of Him As Nazi Practices - Erdogan Feels Comfortable With Such Remarks As Long As He Has Refugee Leverage , Additional News Of Note. 4) Libya : State Of Play After Oil Crescent Attacks This Weekend By BDB Et Al ; GNA Gets Reiteration Of Support From West Amid Calls For Peaceful Resolution Of Differences ; Refugee Camps In Libya Sounds Like A Swell Idea To Slovakia Foreign Minister ; Additional Items Of Note. 5) Iraq Updates - Relentless Onslaught In Mosul Continues. 6) Syria State Of Play.



1 hour ago
Economic data due from Asia today (& RBA meeting)

manages to increase their FX reserves back > psychological $3trn level. FX reserves rose to $3.0051trn in Feb, 1st rise since Jun2016

Good morning from Berlin. Asia stocks mostly higher in thin trading as investors assessed prospects for further gains w/ US rate rise looms.

BREAKING: Malaysia has blocked access to North Korea's embassy in Kuala Lumpur

N.Korea prohibited all Malaysians from leaving the country. Hostage ??

JUST IN: Philippine inflation races to 3.3% (tad above estimates) and topping fastest pace since November 2014

Explaining Thaad, and why this missile defense system so bothers China --BBG

PBOC sets USD/CNY mid-point today at 6.8957 (vs. yesterday at 6.8790)

Japan PM Abe agrees with Trump - N Korea missile launch a breach of UN resolution

Kuroda wants BOJ bond buying to be sustainable, to plan a gradual slowdown - sources

Reserve Bank of New Zealand outlines plans for bank capital review

Yonhap: N. Korea claims it held missile launch exercise to strike U.S. base in Japan

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Australia data: February Construction PMI jumps to 'expansion': 53.1 (prior 47.7)

RBA meting today - here are many, many previews (all in one place!)

US .....

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ForexLive Americas FX news wrap: Dollar grinds, factory orders beat

1 hour ago
US recover from the lows, but still end the day in the red

US Politics.....

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45,000 construction & manufacturing jobs in the U.S. Gulf Coast region. $20 billion investment. We are already winning again, America!

1 hour ago
Trump is in front of his tweet machine again.

Report: Russian hackers demanding money from progressive groups

GOP Replacement HC Plan unveiled. Individual Mandate scrapped , incentives offered instead. ore details inside.

Here we go: House unveils ObamaCare replacement

Four key Republican senators say they will oppose House plan to repeal Obamacare

1 hour ago
Is Reince Priebus the fall guy for Team Trump? - Lots of stories circulating this weekend about Trump flying in...

FBI director was "incredulous" over Trump wiretap tweets: report


UPDATE: White House says Trump administration considering steps against North Korea threats, including THAAD

White House says Trump has not spoken to FBI Director Comey about wiretapping accusations: RTRS

Spicer insists Tom Price is the lead on Obamacare replacement. "It's not an either/or thing," he said. "Great partners and great teammates."

Trump's travel ban "will, in my view, pass legal muster," says South Carolina US Sen Lindsey Graham, who denounced original executive order.

Here's govt-issued Q&A on travel ban. Explains whether people from the 6 affected nations can leave US and return.

New Executive Action for Travel Ban pertaining to six countries.

Chaffetz this morning on CBS: "Thus far I have not seen anything directly that would support what the president has said."

JUST IN: WH spokeswoman: Trump doesn't accept Comey's denial of wiretapping claims


Odds & Ends...

Where next for the euro? - BTMU

Merkel: We have to tolerate a Europe with economies moving at different speeds

ECB are unlikely to boost bond lending at upcoming meeting - Reuters


Macron may get an important endorsement from politicians close to Hollande...

Political commitee of French Républicains party appointed by Fillon is "unanimous" in reiterating support for Fillon candidacy

. had shaky moments last week but big crowd Sunday and Alain Juppé ruling self out all went his way

Juppé ruled himself out of presidential race "once and for all", but used words such as "obstinacy" and "impasse" when referring to Fillon.

Latest poll. Le Pen 27%, Macron 24%, Fillon 19% in 1st round. Macron seen defeating Le Pen 60-40% in 2nd round, Fillon Le Pen 56-44%


Turkish Provocation in Rhodes During Greek President’s Visit

Moody’s calls fresh deposit flight a credit negative event

Two Athens metro stations to be closed Tuesday through Thursday

We Continue to Expect Economic Growth in Greece in 2017, EC Commission’s Breidthardt Says

New Democracy Leads Over SYRIZA by 14 Points in New Poll

Northern Aegean Islands: 8,888 Migrants Waiting for Asylum Applications to Be Reviewed

Greek PM Tsipras Says Greece Is on Growth Path, Lashes at IMF

Q4 GDP -1.2% QoQ
Priv consumption +0.2% GG consumption -2.1% Total consumption -1.1% Investments +0.1% Exports -1.4% Imports +4.5%

8/14 to : deal on review at next Eurogroup on 20/3 is not excluded, but not certain, still a lot of work to do

: The debt relief roadmap is clear. The need for mid-term measures will be determined at the end of the programme


Terror trial in for Freital neo-Nazi group over bomb attacks on homes for asylum applicants

calls for calm over 'Nazi' accusations amid strained German-Turkish relations

Security Holes: German Parties and Ministries Vulnerable To Hacking Attacks

Berlin's chaos airport sacks boss amid leadership struggle

Let's End the Submission: Refugee Crisis Prevents Honest Dealings with Turkey

Muted response to Deutsche Bank's $8.5 billion cash call, strategic u-turn

Germany, Civey poll: CDU/CSU-EPP: 33% SPD-S&D: 31% ↓ AfD-ENF: 9% ↓ LINKE-LEFT: 8% GRÜNE-G/EFA: 7% FDP-ALDE: 7%

Turkey's Erdogan likens Germany's blocking rallies in support of him to "Nazi practices"


BDB said more than 3,000 men are poised to continue eastward now that they have taken over the oil terminals of al-Sidra and Ras Lanuf.

1/ Bunyan Marsus (BM) spoxman Alghasri has just denied any involvement of the force in the fighting at the oil crescent

2/ Ghasri vows to sue those who tempted to involve BM forces in the battles at oil crescent

LNA are recruiting mercenaries from Chadian / Sudanese movement JEM to fight terrorism in Libya, according to Al-Shami from Sudanese army.

Joint Statement from France , UK & US Ambassadors on Libyan Oil Crescent developments.

The Netherlands renews its support for 's Government of National Reconciliation

Foreign Minister: is an ideal state to set up immigrant camps

Concerned abt the continued disappearance of Mayor. I urge Libyan authorities and influential parties to look into his whereabouts

National Dialogue “only way out of political stalemate in Libya” Egypt insists after LNA oil crescent reverse -

Clashes intensified near Oil Crescent. Further airstrikes by against in &Reports that BDB are in outskirts of


Catastrophic civilian casualties being reported from within urban west Mosul, which is under fierce air, artillery, rocket and ground attack

ISF is only few meters away from National Insurance Company where ISIL turned into an execution site, throwing people off of it.

map update. Green= liberated and under forces control. Orange= frontline clashes. White= controlled areas.


MAP situation in East CS. After latest gains SAA now in 9.5km from Euphrates & 3.5km from Jirah AB. HD:

Important to get a buffer between Turks and Kurds so ISIS can be beaten. Even American forces welcomed Syrian Army handover.

/n War Report – March 6, 2017: Govt Troops Rapidly Advancing In Province via