Wednesday, May 17, 2017

Economic News , Data & Views.....May 17 , 2017.....Quick Hits for Wednesday -1) Markets : Asia - Economic Calendar For Thursday , Relevant Market Moving Data & News As Released ; US - Flight To Safety Day As US Stock Markets Indexes Pummeled , Gold , Safer Sovereign Debt Including US Debt , Bitcoin Bought Hard Today. , Oil Also Catches A Bit Of A Bid As Well. 2) US Political Round Up : Special Counsel Appointed By DOJ To Lead Russian Election 2016 Interference Probe ; POTUS To Commence First Foreign Trip To KSA , Israel , Rome & Brussels ; Aftermath Of Erdogan Visit And Thuggish Behavior Of His Bodyguards Causes "Some" Controversy ; Trump To Continue Obama's Sanction Relief For Iran ; Impeachment Calls Stepped Up By Dems Regarding Obstruction By Trump ; Comey To Testify Wednesday Next Week As Alleged Obstruction Floated ; ACHA Somehow Gets Some Small Notice Among Swampland Fury Over Comey ; FBI Director Hunt Down To 4 Names ; Additional Items To Consider. 3) Europe In Focus For Wednesday : UK - Brexit In Focus , Comments From Merkel , EU's Barnier , PM May , EU's Tusk ; Greece - Critical May 22nd Eurogroup Meeting On Greece Bailout Review Looms Even As Greece Labors To Pass Latest Austerity Multi-Bill ; France Political Updates ; Europe Additional News Of Note. 4) Odds & Ends - News Of The Day Touching On #WannaCry & Other Cyber Threats , Syria & Libya.



Markets.....




Asia....






1 hour ago
Hang Seng Index follow opened near 1% lower following a plunge in US stock markets overnight








1 hour ago
Composite opened 0.7% lower, losses seen across the board.







NDRC: has cut capacity by 68.97m tonnes, 46% of the target set for the year







raised 's fixing by 23bp to 6.8612 per USD, higher for 6th day in a row, vs prev 6.8635






NZ data - ANZ Consumer Confidence for May: +1.8% m/m (prior -2.8%)






Australian employment report due today - 2 quick previews



Japan's Ishihara:: Consumer Sentiment Is Picking Up





Japan's Ishihara: Moderate Recovery Expected To Continue





Japan Exports Post 3rd Straight Quarter Growth, Led By Machine Tools and Inbound Tourists





JN GDP Business Spending (QoQ) Q1 P: 0.2%Est. (-0.40%), Prior (2.00%)






JN GDP Nominal SA (QoQ) Q1 P: 0% Est. (0.10%), Prior (0.40%) JN GDP Deflator (YoY) Q1 P: -0.8% Est. (-0.70%), Prior (-0.10%)





JN GDP SA (QoQ) Q1 P: 0.5%Est. (0.40%), Prior (0.30%) JN GDP Annualized SA (QoQ) Q1 P: 2.2% Est. (1.80%), Prior (1.20%)






Japan Q1 GDP (preliminary) +0.5 % q/q (expected  0.5%)




Tokyo morning update, USD/JPY already with a near 50 point bounce










Australian jobs report coming up: What to expect





Japan GDP today - some analysts flagging a potential upside surprise, here's why







US....




US stocks have the worst day of 2017




ForexLive Americas FX news wrap: USD/JPY falls most in 8 months



US Crude oil futures settle at $49.07/bbl



Gold surges as traders struggle with the Washington drama


US 10-year yields fall 10 basis points; nears April low





1 hour ago
10-Year (2.22%) and 30-Year (2.90%) yields close near their lowest levels since the election.






Flight to safety day ! Bitcoin at 1812.57 (up $94.37 /5.49% on the day) , Gold up $20.60 or 1.67% , bonds on fire !









US Politics.....





Special Counsel named ( Former FBI Direct Robert Mueller ) to lead probe on Russian Election Interference for 2016 ...





Former FBI Director Mueller appointed as special counsel to oversee Russia investigation



BREAKING: Top members of Senate Judiciary Committee invite former FBI Director James Comey to testify






State: Secretary of State Rex Tillerson will accompany President Donald J. Trump on travel to Riyadh, Jerusalem, Rome, and Brussels.






1 hour ago
Replying to 
JUST IN: Speaker Ryan says he welcomes Robert Mueller as special counsel; adds that House investigation will continue, as well.






1 hour ago
Replying to 
JUST IN: "I accept this responsibility and will discharge it to the best of my ability," Robert Mueller says of special counsel appointment.







1 hour ago
TRUMP: Thorough investigation will confirm no Russia collusion. "I look forward to this matter concluding quickly."






DC police chief slams "brutal" attacks on protestors at Turkish embassy





NBC News: Officials say multiple grand jury subpoenas & records requests have been issued in connection with the 2 men in the past 6 months







TRUMP DOESNT PLAN TO USE ISRAEL TRIP TO ANNOUNCE MOVE OF EMBASSY TO JERUSALEM BUT THAT IS STILL HIS ULTIMATE GOAL - SNR ADMIN OFFICIAL: RTRS





TRUMP WILL LISTEN TO WHAT EUROPEAN ALLIES SAY ABOUT PARIS CLIMATE AGREEMENT, BUT BELIEVES ITS A BAD DEAL FOR U.S. -SR ADMIN OFFICIAL: RTRS





TRUMP WILL USE TRIP TO SAUDI ARABIA TO ENCOURAGE GULF STATES TO FORM A NATO-LIKE FORCE FOR THE MIDDLE EAST -SENIOR ADMIN OFFICIAL: RTRS





Replying to 
Here's the official order from DOJ's Rod Rosenstein appointing Bob Mueller as special counsel in the Russia probe.






JUST IN: Trump will continue Obama-era sanctions relief for Iran






Stocks sink as investors say they've lost confidence in GOP agenda






Sanders misses deadline to file financial disclosures






US 'concerned' by clash between Turkish president's bodyguards and protestors in DC







NEW: House Democrats step up calls for Trump's impeachment







If you keep the Individual Mandate , how can refer to ACHA as "Repeal and Replace", regarding "Obamacare" ?





Plot thickens...






Comey to testify 930am on Wednesday-before House Committee on Oversight & Reform , not House Intel Committee.







SEAN SPICER SAYS PRESIDENT VERY CLEAR ACCOUNT OF COMEY MEETING PUBLISHED NOT ACCURATE PORTRAYAL OF EVENTS: FOX NEWS






FBI director update: 4 interviewing TODAY: Joe Lieberman, Frank Keating, Richard McFeely, Andrew McCabe, Sean Spicer said.






Trump asked for his first foreign trip to be shortened: report






Breaking: Senate Intelligence Committee asks FBI for Comey memos and invites Comey to testify






TRUMP ADMINISTRATION TO RENEW SANCTIONS WAIVERS ON IRAN ON WEDNESDAY, U.S. OFFICIALS TELL REUTERS: RTRS






If Putin is offering records and recordings , it's because he knows nothing material will be revealed.





Jonathan Turley casts doubt on obstruction of justice against POTUS & casts major doubt regarding conduct of Comey









Russia to provide a recording of Trump -Lavrov exchange....







"He has to stop this testing...We are willing to talk, but not until we see a total stop," Nikki Haley on N Korea.




"Don't think any of us should race to that conclusion." Impeachment would be "obviously jarring" to nation, Adam Schiff, House Intel, on GMA





Embroiled in controversies, Trump seeks boost on foreign trip






New war plan calls for more than 50 K soldiers. Trump has signaled he is in no mood to escalate America's longest war.






Europe....





UK....




Merkel Says U.K. Will Have Price to Pay After Leaving the EU




So despite "Brexit Bill " numbers allegedly of as much as 100 BN - EU's Barnier says no actual figures have been set for EU " Demands " ?





EU’s Barnier: Wants Brexit Negotiations To Begin The Day After UK Vote





EU’s Barnier: Sequencing In Brexit Talks To Be Crucial For Success




EU’s Barnier: Real Brexit Transition Period Is Now, Says ‘All Economic Players Should Prepare’





UK PM May: Relationship With US Is Most Important For Defense And Security - RTRS





EU's Tusk says Brexit talks must be based on "phased approach"



UK March average 3-month weekly earnings yy 2.4% vs +2.4% exp



Greece.....




50/50 to have a deal on Monday's says EU official





EU official:1st agreement on policy package,2nd GR authorities implement prior actions,3rd implementation report if prior action fulfilled





*EU OFFICIAL: IMF JOINING BAILOUT IS CONDITION FOR GREEK PAYOUT





Merkel spokesman: Germany would welcome resolution on Greece. → via





*MERKEL DIDN'T EXPRESS EXPECTATION ON MAY 22 EUROGROUP: SEIBERT




To date < 18,500 asylum seekers relocated to other EU countries , the original 2-year plan was implemented in hopes of relocating 160,000.






Train, bus, ferry and airline services disrupted , private & public sector employees are on strike. New omnibus bill tabled in Parliament.





France....





France Gov't breakdown..








Macron's offer wide tent type of Government. Smart move to be inclusive with his first Gov't.






In today's meeting with we will devote talks to future of EU27, not .





Additional News From Europe....





Irish Prime Minister Enda Kenny Confirms Plan to Resign




Military Police have arrested a Dutch-Moroccan terrorist at Volkel Air Base, where Nuclear Weapons are stored.





Netherlands update..





Italian Transport Minister: Asked EC To Postpone Launch Of Legal Action VS Rome Over Fiat Chrysler Emissions - RTRS





Odds & Ends....




Cisco warns on vulnerabilities...







290 Transactions 44.33185442 BTC Received $80904.61 Est. USD ($1824.98 / BTC)






WannaCry Ransomware Infection Map -

















Syria Peace Talks....





Replying to  
: Government delegation sat with de Mistura for over an hour. HNC meeting with him just hit 2-hour mark. - via





HNC side considering next steps..





Gov't side quiet..






Syria Talks morning update..






Libya.......






1 hour ago
Pres. Council VP Ahmed Maiteeg discusses needs for 2018 elections w/ head of National Election Commission








1 hour ago
Unity Govt's Council of Ministers holds sixth meeting in



















Unity Govt Finance Minister: 25 million dinars allocated to improve hospital services.










Italian Interior Minister Minniti: Strengthening 's institutions is key to combating human trafficking







Replying to 
Special Forces Chief Wanis Boukhamada rejects Mahmoud Werfali's resignation.







Wahda Bank approves renovation of University branch.








African Union Security Commissioner: African Ministerial delegation to visit before end of May







Khalifa Haftar receives the Chief of Staff of the Egyptian Armed Forces in .