Markets......
Asia.....
Economic data due from Asia today - & its RBA meeting day
China's manufacturing PMIs not the only ones to dip this month - weaker across Asia
JUST IN China April Caixin Manufacturing PMI (private survey) misses estimates by quite a bit.
Actual 50.3
Estimate 51.3
Prior 51.2
PBOC sets USD/CNY central rate 6.8956 (yesterday was a holiday, Friday's was 6.8931)
THAAD has been put into operation , despite the minor controversy around Trump's "suggestion" South Korea pay a billion for same ...
(URGENT) 14 lawmakers of Bareun Party to defect ahead of presidential election http://english.yonhapnews.co.kr/news/2017/05/02/0200000000AEN20170502003900315.html …
BOJ Governor Kuroda - full text
Japanese Monetary Base (YoY) Apr: 19.8% (prev 20.3%)
-Monetary Base End of Period (YoY) Apr: 462.2t (prev 447.3T)
BoJ Minutes of the Monetary Policy Meeting on March 15 and 16, 2017 https://www.boj.or.jp/en/mopo/mpmsche_minu/minu_2017/g170316.pdf …
South Korean CPI (MoM) Apr: -0.1% (exp 0.1%; prev 0.0%)
- CPI (YoY) Apr: 1.9% (exp 2.1%; prev 2.2%)
South Korean CPI Core (YoY) Apr: 1.3% (exp 1.3%; prev 1.4%)
Australia - Likely boost to infrastructure spending another reason for RBA on hold
Australia - RBA announcement due today, here is a preview
ICYMI - Australian commodity price index data (bigly!)
South Korea, 6 Nations And EU To Discuss North Korea Sanctions – Yomiuri
US.....
Nasdaq leads the charge higher. S&P and Dow lag behind.
ForexLive Americas FX news wrap: Data disappoints but dollar doesn't
US Crude oil futures settle at $48.84/BBL
US Politics.....
GOP lawmaker unexpectedly breaks with party, comes out against ObamaCare repeal bill: http://hill.cm/VBzkPoc
Replace and Repeal HC Bill skating on thin ice..
Trump campaign quietly removes new ad after potential violation of federal law: http://hill.cm/feFzTaT
TRUMP TO SPEAK WITH RUSSIA'S PUTIN IN CALL TUESDAY: BBG
Government funding deal includes $68M reimbursement for security for Trump family http://hill.cm/Ku3yRKd
Trump sparks outrage after questioning why Civil War happened http://hill.cm/pU3cSBV
Winners and losers of the shutdown fight http://hill.cm/JXStZYS
Government funding deal includes $68M reimbursement for security for Trump family http://hill.cm/Ku3yRKd
FBI employee married ISIS fighter she was asked to investigate http://hill.cm/MyLMGoK
White House Budget Director Mulvaney: Trump Will Request Funding For Border Wall In Next Budget Proposal In Late May
White House Budget Director Mulvaney: Trump Will Sign 2017 Budget Bill When He Receives It From Congress Thursday Or Friday – RTRS
Warren: Obama, Democrats are abandoning working-class voters http://hill.cm/7jYyqOV
Spending Bill to Get Overwhelming Support in Senate - Bloomberg, Citing Schumer
Looks like having a vote this week on a "Replace & Repeal" HC Bill is news to Paul Ryan !
BREAKING: Trump is willing to consider raising federal gas tax to fund infrastructure, he told me & @margarettalev.
“Everything is a starting point,” Trump said of his tax plan.
@margarettalev
"... we'll be filing over the next two or three weeks, maybe sooner." @POTUS says his infrastructure plan is imminent on @CBSThisMorning
U.S. REPUBLICAN REPRESENTATIVE JORDAN, FREEDOM CAUCUS MEMBER, SAYS CONSERVATIVES WILL NOT SUPPORT SPENDING DEAL - CNN
Not a good look , if accurate....
Bipartisan deal on $1.1 trillion spending bill largely tracks w/ Democratic priorities & rejects most of President Donald Trump’s wish list.
Europe......
France....
May Day brouhaha in France..
Macron tells French voters democracy is under threat from 'anti-France' Le Pen http://dlvr.it/P2NlG1
Right. The real uncertainty is turnout.
Macron mocks Le Pen’s plan to create a new national currency https://bloom.bg/2qm0kOL
VIDEO - Le Pen and Macron trade barbs amid May Day clashes http://f24.my/1AI4.t
Le Pen remains in attack mode , but no signs from polling that she is moving the needle.
Macron: "French public extremely angry today, impatient and the dysfunction of the EU is no more sustainable."
Le Pen's message at last big Paris rally before May 7 vote: Europe and euro not the main enemy, but finance + markets embodied by Macron
Hmmm , Macron warns EU to reform or fave "Frexit" - anyone believe Macron really means this ?
Standing room only at back of Marine Le Pen rally in Villepinte. France heads for final vote on May 7 deeply divided
France's largest union CFDT leader says to abstain is to give half a vote to #LePen and calls to vote for #Macron #France2017
#France2017 today
-Le Pen gets currency plan out
-Macron digs National Front past out
-Melenchon, Dupont-Aignan creep out
More at @bpolitics
#Macron tweets May 1, 2002 demonstrations footage when #LePen father qualified. This year no massive protests expected against #MarineLePen
Le Pen's contortions on the euro underline French reluctance to exit https://bloom.bg/2oWYq2n
"Local News" Round Up.... Germany / Italy & Spain
Germany....
Brexit puts tiny German village at centre of Euroverse http://dlvr.it/P2D2Sw
Suspected Swiss spy arrested in Germany http://dlvr.it/P24yV1
Scandal widens over far-right German soldier in 'attack plot' http://dlvr.it/P20V0G
Italy....
Pope Francis offers to act as mediator in Venezuelan conflict http://dlvr.it/P2DfrJ
Matteo Renzi, a reformer ready to seize a second chance http://dlvr.it/P20V0x
Milan exhibition highlights migrant odyssey http://dlvr.it/P1pX7T
Spain.....
Thousands join May Day march against corruption in Madrid http://dlvr.it/P2HFS5
Vacant apartments held for ransom in Spain http://dlvr.it/P1sd3S
Greece....
Transactions with cards keep on rising http://dlvr.it/P2LrNM
Athens keeping eye on Balkan developments http://dlvr.it/P2KjBW
Survey suggests Greeks split in views of European Union http://dlvr.it/P2Kj1F
Tsipras divorced from reality, ND says http://dlvr.it/P2CzL5
Tsipras: Gov’t aims to heal 'social wounds' from crisis http://dlvr.it/P2Bhpj
Ex Greek energy minister Lafazanis leads protestors trying to storm hotel where govt & bailout monitors trying to finalize austerity deal.
Odds & Ends....
BREAKING: Venezuela opposition rejects president Maduro's plan for new constitution as a 'fraud' and calls for more protests.
BREAKING: Venezuela's president Maduro calls for new constitution.
Hafter in Abu Dhabi amid rumours of planned meeting with Serraj - https://www.libyaherald.com/2017/05/01/hafter-in-abu-dhabi-amid-rumours-of-planned-meeting-with-serraj/ …
with #Libya hitting its highest production to more than 760,000 bpd since first of December 2014.
2016 was the worse period in Libya’s recent history: Audit Bureau 2016 Annual Report - https://www.libyaherald.com/2017/05/01/2016-was-the-worse-period-in-libyas-recent-history-audit-bureau-2016-annual-report/ …
May Day In Turkey under the regime of Sultan Erdogan....
Syrian refugees uprooted in Lebanon due to proximity to a military base....
As always - a thoughtful piece to read. 50 shades of gray has nothing on middle-east geopolitical chess !
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