Good morning from Berlin! Global rally lives on amid earnings optimism. Asia stocks near 2y highs. US tax reform hopes bolster risk-on mood.
Global sell-off in govt bonds continues as investor sentiment improved in wake of French presidential vote & ahead of Trump tax reform hope.
Nikkei 225 closes up +1.1% at 19,289.43
Economic data due from Asia today - Australian inflation data day
PBOC sets USD/CNY central rate at 6.8845 (vs. yesterday at 6.8833)
More on BOJ's Iwata says conducting simulation on exit strategy from stimulus
BOJ meet today & tomorrow (announcement tomorrow, d'uh :-D ) - preview ICYMI
China Formin: Urging US & South Korea To Remove Thaad Anti-Missile Defence System
UPDATE: U.S. military begins moving THAAD anti-missile system into planned site in South Korea - Yonhap news agency
OIL - Private inventory data shows surprise build in headline crude stock
ForexLive Americas FX news wrap: Yen crosses jump. CAD hits 14-month low
The late-day story is the rise in Treasury yields
Stocks rally to close higher on earnings, promised tax plan http://on.mktw.net/2q2b7e3
*NASDAQ COMPOSITE INDEX CLOSES ABOVE 6,000 FOR FIRST TIME
BREAKING: federal court in San Francisco grants preliminary injunction for SF and Santa Clara against Trump's anti-sanctuary policy.
Trump in Oval Office tells press: "They have a tremendous surplus" so "no" he's not worried about a trade war with Canada. per @ToluseO
U.S. homebuilders say tariffs on imports of Canadian softwood lumber would cost American workers $500M in lost wages and raise house prices.
TRUMP SAYS WALL ON BORDER WILL BE BUILT SOON TRUMP SAYS NOT WORRIED ABOUT TRADE WAR WITH CANADA: BBG
Border adjustment tax allegedly dropped by Trump Administration.....
JUST IN: Pres. Trump names Randolph "Tex" Alles as new US Secret Service director.
White House: Trump's infrastructure package will come after health care, tax reform "get moving" http://hill.cm/hT1UQv1
MEXICO FOREIGN MINISTER VIDEGARAY SAYS WE WOULD PREFER TO LEAVE NAFTA THAN ACCEPT A BAD DEAL
Canadian officials discuss US Tariff on lumber. ..
Carr: Current dispute is 5th in last 30 years. 'Canada has prevailed before' upon appeal and minister says we will prevail again.
Carr says "unfair" and "punitive" duties will affect workers on both sides of border while making it more expensive to build U.S. homes.
Looks like Alberta will attempt to take heavy retaliation steps if US employs restrictions on energy trade...
Schumer: Government shutdown can be avoided if Trump drops border wall demand http://hill.cm/sZgUaHt
Guess we shall find out this week..
Flynn has problems..
UK may face EU budget payments until 2020 --Tele
Proving Airlines just not going to get the same treatment as Banks..
GREEK PM TSIPRAS WILL LEGISLATE EXTRA AUSTERITY MEASURES BUT THEY WILL BE IMPLEMENTED IN 2019 AND 2020 ONLY IF THERE IS A DEBT RELIEF DEAL
GERMAN CHANCELLOR MERKEL'S CONSERVATIVES AT 36 PCT SUPPORT VS SOCIAL DEMOCRATS AT 31 PCT - ALLENSBACH POLL
RTRS - CENTRIST MACRON SEEN BEATING LE PEN IN 2ND ROUND OF FRENCH ELECTION BY 61 PCT TO 39 PCT - IFOP FIDUCIAL POLL
Spain PM Rajoy: Spain’s Economy Will Grow At Least 2.7% This Year
Bank Of Spain Head: Still Significant To Tighten Budget, Conditions Need To Remain Favourable To Reduce Deficit
Medley ECB Think-Tank Summary
German Gov't Raises 2017 GDP Growth Forecast To 1.5% From 1.4% Previously - RTRS Sources - Raises 2018 GDP Growth Forecast To 1.7% From 1.6%
Anna Soubry , Nicky Morgan , Dominic Grieve and Neil Carmichael have resigned from the group.
Silver lining -Open Europe research reveals untapped UK trade potential to offset possible effects of Brexit on exports to EU.
Note - untapped potential of 41BN pounds projected for 2030 , is an increase from approximately 26BN pounds in 2016 !
Looks like cautionary drum against voter apathy being beaten very quickly !
Odds & Ends....
USS Vinson on hold in Philippine Sea.Has not set sail to Sea of Japan. Another signal of near term calm betw NK-US.
A signal that the near term danger of US-NK hostilities flaring up may be receding. Air China resumes flights to NK after 3 week suspension.
Turkish airstrikes death toll hits 18....
#BREAKING Syria Kurds demand coalition intervenes to halt Turkish bombing: commander
The "current situation is not sustainable, neither for Turkey nor for us" - Enlargement Commissioner Johannes Hahn
Interesting - not only will PC Head Sarraj meet with POTUS & US Admin in June , Sarraj also meet in DC with LNA Field Marshall Haftar.
HoR session disrupted today as members try to vote on a new CBL governor. It seems al-Kabir has enough support in the HoR. #Libya
#Libya’s Cntrl Bnk in Tripoli: Kabir been quietly signalng his newfound loyalty to HoR for over 9 mths. Charm offensive might work—or not.
#Libya UN Libya envoy optimistic new dialogue process can begin to end civil war.
JUST IN: Group claiming responsibility for St. Petersburg metro bombing says acted on al Qaeda chief's orders - monitor
So , in less than 3 years from now ? And they would have to be automated , no driver can operate those vehicles...