Monday, May 1, 2017

Economic News , Data & Views......May 1 , 2017.....Quick Hits For Monday -1) Markets : Asia Calendar For Tuesday ( Australia In Focus ) , & Market Moving Data & News ; US - Nasdaq The Star For Today , Dow And S&P "Also Rans" For Monday , Gold , US Crude And US Treasuries Start The Week Off On The Wrong Foot. 2) US Politics Round Up - Congressional Negotiators Reach Deal To Extend Current Spending For Final Five Months Of fiscal Year ; Tax Reform , Infrastructure & "Replace & Repeal" Updates On Monday ; "Swampland" Items De Jour. 3) Europe In Focus : France - Updates From The Election Trail Regarding Macron & Le Pen ; "Local News " For Germany / Italy / Spain & Greece Items Of Note From Various Media Sources. 4) Odds & Ends For Monday !



Markets......



Asia.....





1 hour ago
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






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






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




1 hour ago
ICYMI - Australian commodity price index data (bigly!)




1 hour ago
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:








Replace and Repeal HC Bill skating on thin ice..







Trump campaign quietly removes new ad after potential violation of federal law:







TRUMP TO SPEAK WITH RUSSIA'S PUTIN IN CALL TUESDAY: BBG








Government funding deal includes $68M reimbursement for security for Trump family







Trump sparks outrage after questioning why Civil War happened







Winners and losers of the shutdown fight







Government funding deal includes $68M reimbursement for security for Trump family






FBI employee married ISIS fighter she was asked to investigate







1 hour ago
White House Budget Director Mulvaney: Trump Will Request Funding For Border Wall In Next Budget Proposal In Late May






1 hour ago
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






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 & .




“Everything is a starting point,” Trump said of his tax plan.





"... we'll be filing over the next two or three weeks, maybe sooner." says his infrastructure plan is imminent on





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







Right. The real uncertainty is turnout.







Macron mocks Le Pen’s plan to create a new national currency







VIDEO - Le Pen and Macron trade barbs amid May Day clashes








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 and calls to vote for








today -Le Pen gets currency plan out -Macron digs National Front past out -Melenchon, Dupont-Aignan creep out More at






tweets May 1, 2002 demonstrations footage when father qualified. This year no massive protests expected against










Le Pen's contortions on the euro underline French reluctance to exit







"Local News"  Round Up.... Germany / Italy & Spain




Germany....




Brexit puts tiny German village at centre of Euroverse






Suspected Swiss spy arrested in Germany





Scandal widens over far-right German soldier in 'attack plot'





Italy....




Pope Francis offers to act as mediator in Venezuelan conflict







Matteo Renzi, a reformer ready to seize a second chance








Milan exhibition highlights migrant odyssey





Spain.....




Thousands join May Day march against corruption in Madrid








Vacant apartments held for ransom in Spain





Greece....





Transactions with cards keep on rising







Athens keeping eye on Balkan developments






Survey suggests Greeks split in views of European Union






Tsipras divorced from reality, ND says







Tsipras: Gov’t aims to heal 'social wounds' from crisis







Ex Greek energy minister Lafazanis leads protestors trying to storm hotel where govt & bailout monitors trying to finalize austerity deal.





Odds & Ends....






1 hour ago
BREAKING: Venezuela opposition rejects president Maduro's plan for new constitution as a 'fraud' and calls for more protests.







1 hour ago
BREAKING: Venezuela's president Maduro calls for new constitution.













with 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 -







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 !