Good morning! Asian stocks eased as US tax plan failed to inspire investors. China shares slump as margin debt unwind. Yen lower after BoJ.
Shanghai Comp slumps on a possible margin debt unwind as #China govt has announced to fight speculation.
#Japan 10y yields keep at near ZERO as BOJ keeps mon pol unch incl 10y yield target, as expected.
Asia calendar for Thursday. Slim pickings..
PM Shinzo Abe leaves Japan for Russia for a meeting with Putin - Kyodo
Asia begins subdued after weak US lead where Trump's tax plans left much to be desired & failed to provide the impetus many were hoping for
China's Pres. Xi remarks reported overnight - financial safety “strategically important”
Its Bank of Japan day! Here is what time to expect the announcement
Its Bank of Japan day! Here is what time to expect the announcement
US says N.Korea represents an urgent threat to national security
N. KOREA MISSION TO UN SAYS NEITHER FEARS WAR WITH US NOR WANTS TO AVOID IT. WILL REACT TO TOTAL WAR W ALL-OUT WAR, NUCLEAR W NUCLEAR: TASS
Stocks failed to defend earlier gains, ending lower on the day that news of Trump's tax plan was announced http://on.mktw.net/2oNfskh
Forexlive Americas forex news wrap: Trump tax plan (well outline) released
House Intel Committee getting back to work..
Nunes departure from House Russia probe and Conaway agreement w House Ds has resulted in new access to docs for House Russia investigators
Tillerson & Mattis readout of congress NK briefing: get NK to dismantle nuclear/ballistic missile prog in working w/ allies to incr pressure
"It was a sobering briefing," @ChrisCoons told White House reporters after senators' briefing. Heard "emerging plan" from admin on N. Korea.
Trump admin has a "clear-eyed diplomatic strategy" that's "well proportioned to the threat," Sen Chris Coons said after North Korea briefing
Senior natl security official at White House briefing says putting North Korea on state sponsor of terrorism "one of the things" considering
Trump admin working with partners to isolate North Korea's nuclear and ballistic missile program from any external support, WH official says
Look at the complexity of equipment that North Korea put on parade. "Even the tires are not made in North Korea," WH official at briefing.
No specific conversation today about seeking authorizations from Congress for any military action, Chris Coons told White House reporters.
WHIP LIST: Where lawmakers stand on the GOP healthcare bill http://hill.cm/bHtM3W8
UN contacted Trump to express concern that ObamaCare repeal would violate global law: http://hill.cm/RoVz9zh
Does Trump want to see a vote on health care bill this week? "Always," he says during Roosevelt Room spray.
WH tells Dems it will keep paying ObamaCare subsidies http://hill.cm/SMpb2Rh
WHITE HOUSE PUSHING FOR HEALTH CARE VOTE FRIDAY OR SATURDAY: POLITICO
NEW: GOP moves forward with healthcare plans, but centrists elusive http://hill.cm/vxPpbvJ
Mnuchin-Trump Tax Plan would eliminate all individual deductions except mortgage interest and charitable deductions.
Trump Tax Reform, Spectacular Earnings & and Unlikely Government Shutdown https://www.youtube.com/watch?list=PLa_QP0x5ICMWCVXmnuDrNWKIO4bceuSfc&v=0LqHZn7CniY … Early #FF @Sarge
Ryan and McConnell say Trump tax plan to serve as guidepost
Read the one-page summary of Trump's tax plan
SCHUMER SAYS MOVING CLOSER TO BIPARTISAN AGREEMENT TO FUND GOVERNMENT BUT SOME ISSUES STILL NEED TO BE RESOLVED
House could soon pass one-week government funding bill - report
Canada is confident U.S. will lose lumber dispute, the foreign minister says https://bloom.bg/2oKLsEQ
Some of Trump’s advisers want a dramatic move before Trump’s 100th day in office on Saturday to fulfill a key campaign promise on NAFTA.
WH divided on how for to take NAFTA action, mulling whether to notify of intention to withdraw from NAFTA --BBG
TRUMP CLOSE TO NOTIFYING OF NAFTA WITHDRAWL INTENT: WASH POST
Canadian foreign minister says NAFTA negotiations have not started, Canada is ready to come to the table at any time
US Coalition spokesperson says Turkey didn't give enough detail or time to ensure that its forces would not be hit by Turkish airstrikes.
US tests ICBM , while threatening NK not to test an ICBM...
Melenchon still has not endorsed Macron.
Best thing her father can do is not saying stupid things between now and May 7th.
New ammunition for #France's Le Pen: French unemployed has risen 1.3% in Mar to 3.51mln, the biggest increase in job seekers since 2013.
As the Conservatives plot power sharing with Macron (man without a political party) via the June Assembly election.
NOTE - The Republicans hope to secure enough National Assembly seats to demand a government role despite the defeat of Francois Fillon.
Path to victory for hinges on absentions..
Nomura on the ECB meeting trade
ECB preview: Is this Draghi's last chance to talk down the euro?
Good piece by @aspeciale on Draghi's stimulus and the part it may have played in EU politics over recent months https://www.bloomberg.com/news/articles/2017-04-25/draghi-s-stimulus-could-blunt-populism-as-unemployment-declines … #ECB
Turks are dumping #Turkey Lira post-referendum and loading up on hard currencies like Dollars and Euros. https://www.welt.de/finanzen/article164036204/Die-Tuerken-fluechten-in-Dollar-und-Euro.html&wtmc=socialmedia.twitter.shared.web … via @welt
#Turkey Lira jumps after Turkey’s CenBank has announced a surprise 50bps rate hike in the Late Liquidity Lending Rate from 11.75% to 12.25%.
LATEST — Turkey’s Central Bank hikes late liquidity window rate by 50 basis points to 12.25 pct, keeps benchmark rate unchanged
Erdogan continues to threaten to walk away from EU and the EU -Turkey Migrant Deal.
Frontex chief to meet with top ministers on Aegean patrols http://dlvr.it/P089P4
Tsipras: Immediate return to markets after review http://dlvr.it/P05Tmg
Parts of Italy to be hit by a month's worth of rain in just 48 hours http://dlvr.it/P01k5p
No state rescue on the cards for Alitalia http://dlvr.it/P00DYQ
Is the special relationship between Germany and Israel in trouble? http://dlvr.it/Nzwxhj
Germany claims it is finally bringing down large trade surplus http://dlvr.it/NzwxV1
Odds & Ends....
#SYRIA: SOHR says YPG fired on Turkish military vehicle that had crossed the border into Syria near border town of Darbasiyah - via @AFP
#BREAKING Turks, Kurds clash along northeast Syria border: monitor
BREAKING #YPG Fighter to me: "All operations in Raqqa and Tabqah were halted, until the coaltion takes action against Turkish attacks."
If you have problems opening the link , try this link to the report.
FM Lavrov in joint press-conference with Saudi FM: We do not see Hezbollah as terror org & IRGC are in Syria by permission of legitimate Gov
Turkish President , PM make phone call to President Barzani, insist that attack on #Peshmerga was a "mistake" and "not intentional at all"
Turkish strikes were conducted without proper coordination with the Coalition or the Government of Iraq.
HoR members suspend membership until vote on new CBL governor goes through. Another ... - https://www.libyaherald.com/2017/04/27/hor-members-suspend-membership-until-vote-on-new-cbl-governor-goes-through-another-vote-expected-next-week/ …
Fezzan local govt at Temanhint wants forces in base and surrounds to leave. including 3rd force. https://fezzanlibya.com/en/news/presidential-settlement-committee-meet-temenhint/ … from @FezzanLibyaG
Meanwhile in south Libya, Tebu and Awlad Suleiman held a meeting to find a peaceful solution regarding the deadly clashes in Sabha.
Fresh Suicide case in Bieda city this afternoon. 19 years old girl. Case no. 16 within less 2 months. Bieda#Libya
Serraj tells Russians he wants greater economic cooperation - https://www.libyaherald.com/2017/04/26/serraj-tells-russians-he-wants-greater-economic-cooperation/ …