Friday, April 7, 2017

Economic News , Data & Views......April 7 , 2017.....Quick Hits For Friday -1) US Markets - Despite Weaker Than Expected Employment Data Today , Stocks Just Very Modestly In The Red. Gold & Oil End Up Slightly Higher Today , Bond Yields Head Higher Once Again. Mixed Markets For Europe - FTSE And CAC Higher , DAX A Bit Lower. 2) US Political News For Friday : The Day After US Launches Airstrikes Against A Syria Airfield , State Of Play Between US/Russia & Syria ; Comments & Insights After China - US First Leaders Meetings ; No Shake Up Of White House Senior Staff ; Gorsuch Confirmed To Supreme Court . 3) Europe In Focus : Sweden Hit By Tragedy As Another Horrible Murder By Vehicle Incident Occurs Today - 5 Dead , Numerous People Seriously Wounded ; Greece To Take On More Austerity In Latest Agreement With Creditors : France Election Updates - Melenchon In Joint third Place With Fillon In BVA Poll , Syria Attack Becomes Part Of French Election As Candidates Split On Their Views Of US Airstrikes Last Night. 4) Odds & Ends For Friday.


US Markets.....

Forexlive Americas forex news wrap: US weaker employment report ignored.

Gold falls back to the unchanged levels

March 2017 US non farm payrolls 98k vs 180k exp

Federal funds probability: 61% chance of Fed hiking in June vs 70% yesterday

US February wholesale inventories final mm 0.4% vs +0.4% exp

Atlanta Fed GDPNow forecast +0.6% vs 1.2% last

European stocks end the session mixed

US Politics....

US Secretary of State Tillerson: Syrian airbase runways not a target in strikes


Russia is suspending mechanism to avoid "accidents" as of midnight. I think we may see an "accident" shortly...

As expected , within a day we hear the first voice saying 59 cruise missiles wasn't enough !

: denies media claims about keeping the "hot" line open with .

US clearly took care to not cause damage to any Russian planes or cause any Russian casualties.

More tough talk directed to Russia today...

UPDATED TICK-TOCK of Syria strike "All 59 hit their target," US says, contradicting Russian govt claim 36 missed.

Comments from China meetings coming out from Ross/Tillerson/Mnuchin

Xi: "President trump has given us a warm welcome and treated us very well" Stressed "peace and stability", "partnership," and "prosperity."

White House: Shakeup of senior White House is false

WSJ: Trump considering major shakeup of senior White House team

Gorsuch is confirmed to the US Supreme Court

US Senate Votes 54-45 To Confirm Supreme Court Nominee Gorsuch, Restores Court's Conservative Majority - RTRS



Truck attack killer in Stockholm is a sympathizer of jihad and posted propaganda. Why attack people in Sweden - which has never hurt a fly ?

What has neutral Sweden done to deserve this? Never in Mid-East war Non-Nato Most welcoming of Muslim refugees. Massive foreign aid

Absolutely words really...

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UPDATE: Swedish police now say 4 dead, 15 injured in Stockholm truck attack. They have arrested 1 person who may be connected to the attack.

terror attack: Five dead as hijacked truck ploughs into pedestrians outside department store

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First images emerge after vehicle driven into people in shopping district of Stockholm, injuring several


Once again , Syriza Gov't signs on for ever greater austerity!

fin min Euclid Tsaklalotos tries to sweeten pill of yet more saying there will be tax relief measures as of 2020

Inspectors representing creditor institutions will return 2 Monday, sources say. Measures likely 2 b put to parliament after Easter

fin min addressing reporters after latest measures 4 cash deal announced: “There r things [in it] that will upset the Greek people.”

Further work will continue in the coming days, mission to return to Athens ASAP says

1% pensions 2019 and 1% in 2020 in income tax+ Greeks can legislate expansionary measures if econ doing better than expected

Greek authorites have to SWIFTLY proceed with adoption of prior actions --that becomes even more urgent says

Not wanting to answer what will happen if goals not achieved in 2018 says final review of program will b the crucial one



After US airstrikes, firmly part of French elections. in favor, wants dialog w , , against.

Mélenchon joint-third in the latest poll (BVA), a margin of error away from the leading candidates.


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

France, Ifop poll: Le Pen (FN-ENF): 25% Macron (EM-*): 24% ↓ Fillon (LR-EPP): 19% ↑ Melénchon (FI-LEFT): 17% ↑...

France, Opinion Way poll: Le Pen (FN-ENF): 25% Macron (EM-*): 24% Fillon (LR-EPP): 20% Mélenchon (FI-LEFT): 16%...


Odds & Ends....


PC must be in charge of oil sales and NOC, French PM says in talks with Serraj -

1 hour ago
Al-Jala Hospital: 38 killed, 95 wounded by mine explosions since the start of military operations in

Mustafa Sanallah ( NOC) signs MOU for commercial banking services w/ the Moroccan Foreign Trade Bank

Interim Govt PM Abdullah al-Thinni: The division in will only end through a military solution

Fayez Serraj meets with French PM in , discuss Pres. Guard training.

Great article by more divided than ever amid escalating violence


Governor Karim: Relations between Kurdistan Region and Turkey will continue. There are interests on both sides.

Western + Badush map (5/4/2017). •Green: 's control. •White: Da'ish control. •Red: Frontline.

A mother and her two children killed by an Airstrike on her house at Zanjilli W. Mosul.

We demand UN 2 conduct an urgent investigation about alleged sexual assaults against IDPs @ Hammam Al-Alil IDP camp, committed by militias.


Following the tomahawks Donald Trump has many names now: Potus Abu Ivanka al-Amriki Amir al Mo'mineen (the Emir of the believers)

AF carried 2 air attacks against al-Qaeda & rebels controlled area from Sha'ayrat military airport (bombed yesterday by Tomahawks)+

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If holds on to the suspension of the memorandum with the & bide by it, it will hit back Trump, preventing any US jet over Syria

Sec of State is dead wrong when saying "US is confident Sarin Gas was used" coz first responders handled the victims with naked hands

doesn't support /condemn unilateral unlawful action against a sovereign state, sayin"US assessment tt Syrian regime used Chemical".