China Customs: 1st Qtr crude imports avg 8.55 mln bpd, surpasses US 8.15 mln bpd. Another world #1 !!
China March trade in USD.....imorts , exports trade surplus all jumping !
Imports , exports , trade surplus in yuan...
China just reported the biggest jump in exports (in USD terms) in 2 years. +16.4% in March
Good morning from Berlin. Trump set Dollar bears loose. Asia stocks mixed as Yen at 5mth high. Trump's comments on China helps Shanghai Comp
Economic data due from Asia today - Australian jobs report focus
PBoC Open Market Ops: - PBoC To Inject CNY 70 Bln Via 7 Day Reverse Repos
LOL! Journalists gather for “big” event in North Korea – a street opening https://www.ft.com/content/83188175-a293-3673-9944-498033bd5efa …
North Korea to journalists: Expect a "big and important event" Thursday http://hill.cm/Kldf5la
PBoC Fixes USDCNY Reference Rate At 6.8651 (prev fix 6.8940 prev close 6.8930)
Monetary Authority of Singapore's Monetary Policy Statement 13-April 2017 http://www.mas.gov.sg/News-and-Publications/Speeches-and-Monetary-Policy-Statements/Monetary-Policy-Statements/2017/MAS-Monetary-Policy-Statement-13Apr17.aspx …
Singapore GDP (YoY) Q1: 2.5% (exp 2.4%; prev 2.9%) -GDP SAAR (QoQ) Q1: -1.9% (exp -1.9%; prev 12.3%)
Japanese Money Stock M2 (YoY) Mar: 4.3% (exp 4.2%; prev 4.2%) - Money Stock M3 (YoY) Mar: 3.6% (exp 3.6%; prev 3.6%)
Foreign Buying Japan Bonds (JPY) 7-Apr:586.8B (prev 890.0B) -Foreign Buying Japan Stocks (JPY) 7-Apr: 441.0B (prev 584.5B)
New Zealand Food Price Index (MoM) Mar: -0.3% (prev 0.2%)
New Zealand Business NZ PMI Mar: 57.8 (prev 55.2; prev rev 55.7)
PBOC official - Raise tolerance on yuan's 'flexibity'
Japan press: Japanese government kept quiet on yen climb wary of provoking US
NZ housing data for March, prices up, sales volume down
U.S. Treasury Spokesman Confirms That Treasury Currency Report Will Not Name China A Currency Manipulator Following Trump's Comments – RTRS
*DJ TRUMP SAYS HE OFFERED CHINA BETTER TRADE TERMS IN EXCHANGE FOR HELP ON NORTH KOREA
CNBC Now @CNBCnow
BREAKING: Trump tells WSJ he will not label China a currency manipulator in report due this month because it would hurt talks w/ China on NK
Down day for the major US stock indices
ForexLive Americas FX news wrap: Trump flexes his jawbone
US Treasuries benefited from Trump’s comments that he likes the Fed's low-interest-rate policy. 10y yields drop to lowest since Nov.
President Trump set Dollar bears loose as he told the WSJ the Greenback is getting too strong and he'd prefer the Fed keep rates low.
China not named currency manipulator , future of Fed Chief Yellen changed , Export-Import Bank now supported & NATO is "no longer obsolete."
Call it "Turn Back Day "..... 5 major campaign promises in a 24 hour span.
North Korea Oil Imports, Cargo Ships, State Airline Among Possible Targets In Future U.S.-Led Sanctions Efforts - U.S. Government Sources
Something to watch for this weekend....North Korea may test US & China patience and boundaries.
The reporters were told they could not take lighters, cell phones or laptops, according to @nknewsorg
Journalists in Pyongyang (not me) told to prepare for a big event, are on the bus to somewhere right now. May be nothing, may be something
New Trump Memo Promises "Dramatically More Efficient" Government; Lifts Federal Hiring Freeze http://www.zerohedge.com/news/2017-04-12/new-trump-memo-promises-dramatically-more-efficient-government-lifts-federal-hiring- …
US government spending just hit an all time high http://www.zerohedge.com/news/2017-04-12/recession-alert-government-revenues-suffer-biggest-drop-financial-crisis …
Is it possible Russia didn’t know Syria would use chemical weapons? "It’s certainly possible. I think it’s probably unlikely,” Trump says.
"That's a butcher," @Potus on Syria's Assad
Calling the world "a mess" and "nasty," Pres Trump says he'd like to get along with everybody including Russian Pres Putin.
Trump touts his relationship with Xi, says he thinks Xi wants to assist U.S. on N. Korea. "I think he wants to help," Trump says.
Trump, asked by @jeffmason1 if his assessment of Putin has changed after recent events in #Syria, "we may be at an all time low" w Russia
In 1 day, Trump SHIFTS positions on NATO being "obsolete," Ex/Im Bank, Janet Yellen, China as a currency manipulator, low interest rates.
"I said it was obsolete. It's no longer obsolete," Trump reverses on NATO.
Trump writing in the WSJ in 2015: I'll label China a currency manipulator on Day 1 Trump to WSJ today: Nevermind https://www.wsj.com/articles/trump-says-dollar-getting-too-strong-wont-label-china-currency-manipulator-1492024312 …
TRUMP SAYS TIME TO END SYRIA'S BRUTAL CIVIL WAR, DEFEAT TERRORISTS AND ALLOW REFUGEES TO RETURN HOME
TRUMP DOESN'T DEMAND DEPARTURE OF SYRIA'S ASSAD BUT SAYS IT'S LIKELY: DOW JONES
Trump Trounces Dollar, Yields Cementing Tech Stocks' Worst Streak In 5 Years http://www.zerohedge.com/news/2017-04-12/trump-trounces-dollar-yields-cementing-tech-stocks-worst-streak-5-years …
If Flynn & Manafort registered under FARA & Page targeted under FISA, then all 3 had secret foreign masters while working for Trump campaign
WASHINGTON (AP) — Spokesman says former Trump campaign chairman Paul Manafort is registering with US gov't as foreign agent.
Nunes claims not supported by classified documents ( Dem and Republican agree )
If Putin interfered in Election 2016 to get Trump in , not working out according to plan , so far.
The government has not formally charged Page with any wrongdoing - despite obtaining the FISA warrant to surveil Carter Page last summer.
North Korea vows tough counteraction to any U.S. military moves now that USS Carl Vinson is near Korean Peninsula. http://abcn.ws/2nCSD6u
South Korea says there shouldn't be U.S. attack on North Korea without South Korean consent. http://nyti.ms/2orHapb
For the uninitiated, here is what the government must have shown in order to obtain a FISA warrant on Carter Page as agent of foreign power.
Interesting that Melenchon appears to be a strong candidate against all but Macron...#France2017
France: Macron slowly losing popularity as #Melenchon is nearing for 3rd, maybe 2nd place. Hamon nearing Hollande levels. Anti € vs anti €?
UK manufacturers report strongest export growth since late in 2014
Tsipras defends agreement, vows debt relief, catharsis http://dlvr.it/Nsxh8c
No pensions expected to avoid cuts http://dlvr.it/Nsx7Mz
Construction gives in to review jitters http://dlvr.it/Nsx7Nz
Drop in key tourism data in 2016 http://dlvr.it/Nsx7NP
MACRON 22.5%; LE PEN 23.5%; MELENCHON STABLE AT 18.5% market nervous melechon/the communist could beat macron in round 1
Macron’s lead on Fillon keeps shrinking, while Mélenchon catches up on Fillon - daily IFOP #GrabThePopcorn
Police arrest 'Isis terror coordinator' in Bavaria http://dlvr.it/Nsmz5C
Sensing the vote will be very close...
*LAGARDE: IMF ASKING FOR GREEK PENSION, TAX REFORM NOT AUSTERITY
Monthly update on EU refugee relocation scheme: 16,548 relocated from Greece and Italy to date, barely 10% of target. Deadline Sept 2017.
March tax revenues beat target http://dlvr.it/Nsl6hs
IMF chief Lagarde says 'halfway' there on Greek talks http://dlvr.it/Nsl6n0
EU renews calls for refugee relocation pledge http://dlvr.it/Nsl6s0
Daily Mail apologizes to Melania Trump with $2.9M libel settlement http://hill.cm/VeD04Rh
#IMF’s Lagarde: Debt restructuring for #Greece needed; modalities must be decided upfront; still debating whether to lend to GR. #IMFBruegel
Only Macron and socialist Hamon have spoken out against Kadyrov's persecutions of gay people. Putin chums Fillon, Mélenchon & Le Pen silent.
Odds & Ends...
Despite "Ruthless Economic War", Venezuela, PDVSA Avoid Default With $2.6 Billion Payment
Not a good look for Maduro - being pelted with eggs...
Boy among four killed in Venezuela riots
China - North Korea
China Tells its military to be prepared to move to the border - fireworks this weekend ?
North Korea not acting like it plans to back down..
Next nuclear test by N.K looming?
North Korea is ready to conduct a nuclear test at its Punggye-ri Nuclear Test Site: monitoring group http://u.afp.com/4QDg
#Libya: Wafa oil & gas field reopened by Nalut, El Feel still blocked in Fezzan, and Sharara still blocked by Zintan http://af.reuters.com/article/energyOilNews/idAFL8N1HK3OF …
G-7 foreign ministers warn that CBL and PC must work together - https://www.libyaherald.com/2017/04/12/g-7-foreign-ministers-warn-that-cbl-and-pc-must-work-together/ …
Tripoli Civil Registry Authority acting head kidnapped by militias seeking database - https://www.libyaherald.com/2017/04/12/tripoli-civil-registry-authority-acting-head-kidnapped-by-militias-seeking-database/ …
Ambassadors of permanent Security Council states warn over conflict in the south -
US and Russia still far apart as Russia vetoes UN draft resolution on Syria gas attack probe http://u.afp.com/4QRA
Great as usual: The fire of the Syrian war is spreading following US tomahawks deployment https://elijahjm.wordpress.com/2017/04/11/the-fire-of-the-syrian-war-is-spreading-following-us-tomahawks-deployment/ … via @EjmAlrai
#SYRIA: Evacuation of 4 towns delayed until Thursday morning, government negotiator Hassan Sharaf tells @AFP, without saying why. >
#SYRIA: "We are ready to throw our weight & resources behind diplomacy. We're ready to help bring this conflict to an end," Haley tells UNSC
#SYRIA: Perhaps in attempt to dispel rumors of imminent resignation, UN envoy Staffan de Mistura says he will remain in his post
#SYRIA: UN envoy de Mistura tells UNSC "more fighting, barrel bombs, cluster munitions, incendiary weapons" after last week's chem attack
#SYRIA: 4-page US intel report on how it concluded Assad govt was behind sarin attack also says govt used sulfur mustard in Aleppo in 2016 -
Leading CW expert Theodor Postol of MIT just published a 14-page document questioning WH claims that Sarin was dropped from #Syrian AF plane