Wednesday, April 5, 2017

Economic News , Data & Views ...... April 5 , 2017..... Quick Hits For Wednesday - Markets : Asia Economic Calendar For Wednesday , Data And Market Moving News From Australia & New Zealand / Pertaining To North Korea / Japan & China Items Updated If Noteworthy ; US - Major Indexes Finish In The Red / USD Lower As FOMC Minutes & Weaker Than Expected ISM Non Manufacturing And Services Data Leaves Dour Taste In Traders Mouths. 2) US Politics : Susan Rice Controversy Not Going Away ; Syria Tragedy In Idlib Gets Attention Of POTUS , US Ambassador To UN Haley & SoS Tillerson ; Trump & Merkel Discuss Issues Of Mutual Concern ; 13 Billion Of Puerto Rico Debt Downgraded By Moody's ; Repeal and Replace Stymied , Same Goes For Tax Reform ; Bannon Booted From National Security Council ; Gorsuch Nomination News / Updates ; Additional Items Of Interest. 3) Europe In Focus : News Of Note From Across Europe : Le Pen Making Headway In Recent Polling ; Italy EMG Poll Shows Five Star Movement Pulling Away From PD ; ECB Weidmann Says Time Nears For ECB To Step Back - But That May Be A Year's Time ; Verhofstadt Speech Underlines Lack Of Love That Europe Has For The UK ; French Tribute To Victims Of St Petersburg Terror Attack ; Additional Items Of Note.. 4) Libya News Round Up.



Economic data due from Asia today ... and two central bank speakers

's Caixin service fell to 6-month low of 52.2 in Mar, vs prev 52.6

The rally continues in the stocks related to the new special economic zone , near 30 stocks limit up in Shanghai & Shenzhen.

importing record amounts of from West Africa, at the rate of 1.48 million barrels a day in April

PBOC skips reverse repos for 9th consecutive day, drains CNY420 BN in liquidity over the period

The People's Bank of China skips open market operations again today

PBoC Fixes USDCNY Reference Rate At 6.8930 (prev fix 6.8906 prev close 6.8975)

U.S. And South Korea Reaffirm Plans To Deploy U.S. Anti-Missile Defence System As Scheduled - South Korea Presidential Office

Hong Kong Manufacturing PMI Mar: 49.9 (prev 49.6)

Asia open: Japan -0.5% Australia -0.1% South Korea -0.3% WTI $50.89 Gold $1,258 JPY 110.42 Yields: Japan 0.065% US 2.3319% Australia 2.575%

NZ Treasury forecast a larger than expected budget surplus

Japan press on the BOJ: Kuroda eager to revive public hopes for 2% inflation target

Australia press: $4 billion budget bonus seen from booming iron ore and coal prices

Japan PM Abe: Watching To See How China Will Respond To North Korea After Xi-Trump Meeting – RTRS


FOMC Admits The Stock Market Is A Bubble, Along With Many Other Asset Classes

US stocks gives up ALL the stinking gains....

Forexlive Americas forex news wrap: FOMC minutes/Washington stagnation send dollar/stocks lower

US Crude oil futures settle at $51.15

FOMC Meeting Minutes March: Balance Sheet Based On Assumption Economy Performs As Expected, Slowing Continued Rise In Fed Funds Rate

US Politics....

This isn't just going to go away - will be curious to see , how curious the House and Senate will be , to get to the truth.

Maybe these questions will be asked.....

Wonder whether anyone is going to take a look at this ?

"Why is mainstream media trying to cover up the Susan Rice story?"

Susan Rice controversy finally has given Republicans in Congress a viable Democratic target...

ICE deports convicted Russian spy

Nikki Haley: If the UN doesn’t act against Assad for this chemical attack, we might

Tillerson says Russia should rethink support of Assad after Idlib tragedy...

1 hour ago
President Trump spoke w Chancellor Merkel about several issues of mutual concern-pledged close cooperation-agreed to remain in close contact

Moody's Downgrades $13 Billion of Puerto Rico Bonds, Revises Outlook to Negative from Developing

Bannon will continue to attend National Security Council meetings--including the one this afternoon, top official told me.

Trump was never comfortable with Bannon on the NSC, another White House official tells me.

National Security Council reorganized. Bannon off-which makes sense.The reorganization straightens out key problems.

General Keane says military strike on North Korea may the only option to deter North Korea.

Trump Says He Wants To See How Healthcare Proceeds In Congress Before Settling On Details Of Tax Reform Bill -New York Times

No deal: House to recess without health-care compromise

Hitch in the giddy up..

That was supposed to be a Trumpcare revival?

Trump lacks leverage with Freedom Caucus:


History repeats: Trump says Assad’s chemical attack crossed many, many lines, beyond a red line

Negotiations to avoid ‘nuclear option’ in the Senate collapse

The Rule XIX solution: How to confirm Gorsuch without nuking the filibuster

Not sure how the confirmation of Gorsuch has any connection to that investigation - should you Gov't stop working ?


France, Ifop poll: Le Pen (FN-ENF): 25% Macron (EM-*): 25% Fillon (LR-EPP): 18% Melénchon (FI-LEFT): 16% Hamon...

France: Presidential election (run-off), Ifop poll: Macron (EM-*): 60% (=) Le Pen (FN-ENF): 41% (+1)

France: (FN-ENF) at all time record high at Ifop poll against (EM-*) in second round: 40.5%.

France, Opinion Way poll: Le Pen (FN-ENF): 26% Macron (EM-*): 24% Fillon (LR-EPP): 20% Mélenchon (FG-LEFT): 15%...

Italy, EMG poll: M5S-EFDD: 31% ↑ PD-S&D: 27% LN-ENF: 12% FI-EPP: 12% FdI-EPP: 5% DP-S&D: 4% AP-EPP: 3% SI-LEFT: 2% CP-*: 1%

Had talks and contacts on during the day. Work continues

Thousands of Greek pensioners protest against cuts as more austerity looms

EU, Greece urge deal on bailout review on Friday

Tsipras wants emergency EU summit if no deal is reached Friday



EU currently has E100m + invested in Libya projects (EU statement)

Europe never accepted UK as European , today's speech underlines that point...

Le Pen may not have helped her cause in last night's Debate .....keep an eye on polling in the days to come , to validate this perception.

Having been saying for awhile to keep an eye on Melenchon.....

French offer a tribute to the victims of the recent terror attack in St Petersburg....


1 hour ago
Presidential Council condemns "assault" on Tamanhint base.

Unity Govt Foreign Ministry to Embassies and Int'l Orgs: Seddik al-Kabir remains the head of 's Central Bank

Sarraj's FM orders all Embassies to continue working with CBL governor Sadeeq AlKabeer disregarding HoRs vote which discharged him

Unity Govt Ministry of Defense assigns 6 military authorities to defend Tamanhint base.

Abubaker Buera: Not optimistic about a renewed dialogue in the face of threats.

France announces support for Algerian mediation efforts between Libyan parties

Water from the Man-Made River begins flowing into the main reservoir in after a month and a half stoppage

Algerian Energy Minister: Current conditions prevent us from resuming work in

general command just announced the start of ground operation to liberate base in with Libyan Air Force support.

Local sources deny Tamenhint airbase bombed this am.

Tamenhint airbase attacked by jet fighters -

EU currently has E100m + invested in Libya projects (EU statement)

Heavy clashes broke out near Tamanhint airbase east . Multiple airstrikes conducted by against 3rd Force. Warplane sighted

Head of Libya state oil corp. NOC statement re militias, blockades + anti-NOC "libel and slander".