Markets.....
Asia....
Economic data due from Asia today - it's the best day of the month!
China (April) inflation: CPI 1.2% y/y (expected 1.1%) PPI 6.4% y/y (expected 6.7%)
More surprises will come , more surprises will come.....
BOJ 'Summary of Opinions' (April meeting) - full text
Australian budget: "Nation-building ... stimulus ... surplus ... & heroic assumptions"
Its inflation data from China today, CPI and PPI for April - preview
New President Moon Jae-in has picked South Jeolla Province Gov. Lee Nak-yon as his first Prime Minister.
Sky's the limit now in South Korea post-elections as investors aim for the moon. KOSPI tops new record; above 2300 for the 1st (in forever)
Conservative Party unseated after ruling for a decade..
US....
A end of day snapshot of the currency days winners and losers
Nasdaq keeps rolling , rolling along.
Crude -5.789MM
Cushing -0.133MM
Gasoline +3.169MM
Distillate -1.174MM
US Politics.....
( Firing Of FBI Director Comey )
Comey is only the 2nd FBI director to ever be fired — here's why Trump was able to fire him http://read.bi/2pZZlmz
EXCLUSIVE: Grand jury subpoenas issued in FBI's Russia investigation CNN exclusive in weeks before FBI Director James Comey firing
Oval Office ops. director and longtime Trump security aide Keith Schiller hand-delivered Comey's termination notice - @PeterAlexander
MITCH McCONNELL's statement on Trump firing Comey looks ahead to the Senate confirming a new FBI director.
Statement from Senator Richard Burr on FBI Director Comey's firing....
NEW: Cummings calls for "immediate emergency hearings" with Comey on the Trump-Russia investigation.
BREAKING: Senate Minority Leader Schumer says he has told Pres. Trump that "you're making a very big mistake" in firing FBI Director Comey.
NEW: GOP senators offer support for Trump decision to fire Comey http://hill.cm/lr7Yj1z
McCain says Comey's removal "confirms" need for special congressional committee to investigate Russian election interference.
Leahy calls Trump excuse he fired Comey over his handling of Clinton email investigation "absurd"
SENIOR FBI STAFF NOT INFORMED ON TRUMP DECISION, SAID TO BE "IN SHOCK", NBC SAYS
.@MarkWarner, vice chair of Sen Intel:
"The President’s actions today make it clear to me that a Special Counsel also must be appointed"
Andrew McCabe, FBI deputy director, is now acting FBI director after Pres. Trump fired Comey, DOJ official says - @PeteWilliamsNBC
Here are the letters the Attorney General and Deputy Attorney General sent to Trump about Comey:
Trump:FBI is one of Nations most cherished-respected institutions & today will mark a new beginning for our crown jewel of law enforcement
White House says Pres. Trump informed FBI Director Comey "that he has been terminated and removed from office."
White House: "A search for a new permanent FBI director will begin immediately
Press release
Comey Fired FBI @FBI
Trump fired FBI Director Comey
The FBI cleaned up Comey's incorrect testimony about Huma Abedin hours before he was fired http://read.bi/2q03YNj
If this story is accurate , query whether someone leaking to the media already ?
If the notion of canning Comey was thought to nix investigations into Russia issues , someone miscalulated. Badly.
Wow....learned he was fired by the Telly....While addressing FBI employees in LA....
Optics of this meeting on Wednesday, following on heels of events of Monday and Tuesday - not a good look.
FBI Director Comey wasn't accurate during his recent testimony , thus the letter.
Other "Swampland " News.....
U.S. Hatch: Think Border Adjustment Tax Will Be Hard To Pass
Senate Russia investigators seek financial info from Trump team..
Interesting , if accurate...
Hatch: Senate’s ObamaCare repeal unlikely to go through committees http://hill.cm/UKO4bQw
Top GOP senator vows: Senate will pass ObamaCare repeal bill this year http://hill.cm/tX1NHV3
Spicer: said Trump charged DC law firm to send certified letter to Sen. Graham saying he has no business in Russia
Spicer defends Mike Flynn as someone who "honorably served our country in uniform" for 30+ years. Trump doesn't "want to smear a good man."
Trump will not make an announcement on whether US staying in Paris agreement until end of May after he returns from G7 meeting, Spicer says.
Will be interesting to see how Turkey handles this political setback...
The authorities to directly arm the YPG will come into effect 30 days from notification. That suggests the start of direct arming in June
Hanford is a disaster waiting to happen..
Europe.....
Greece.....
Greek court finds pension cuts Greece agreed w creditors unconstitutional sources say. Outlook for Parl vote unclear
FM to brief parties on Greek energy plans in Eastern Mediterranean http://dlvr.it/P5y4Cl
Tourism growth offers boost to labor market
Ten pct tax on pay TV stopped sector’s growth in its tracks http://dlvr.it/P5y4LC
PM says reshuffle not on the cards, puts focus on debt http://dlvr.it/P5y4Xc
Sad but unfortunately, not a shocker...
MoU between Greece & Institutions. Fwiw-Omnibus bill (w/ agreed measures & counter-measures ) may be submitted to Parliament Friday.
UK....
Interview of N.K Ambassador To UK today....
ANALYSIS by @JoshMay_PH: 'Monsieur Zen' Jeremy Corbyn gets angry at Labour campaign launch - http://bit.ly/2pZz0FC
Jean-Claude Juncker: Theresa May Brexit dinner leaks were a 'serious mistake' - http://bit.ly/2q1sNqr
Simon Danczuk quits Labour with blast at 'out of touch' Corbyn and McDonnell http://bit.ly/2prLJ0s
Macron on Brexit
German Supervisor Bafin President: Not A Fan Of Moving Euro Clearing Due To Brexit, Talks Still Needed
France....
The French Socialists are willing to make a selective pact with Macron https://bloom.bg/2qOWjCQ
Surprising development. Marion Le Pen (niece of Marine and member of parliament) leaves politics. Was often seen as next in line in FN.
Emmanuel Macron's economic adviser said France had no interest in a 'hard Brexit' for Britain http://on.ft.com/2pW0ADI
En Marche! officials say Manuel Valls cannot be nominated par excellence for #législatives, he has to follow party rules if he wants to run.
Odds & Ends....
"We will not give permission for something we are not obligated to do & whose content we absolutely reject, for example, the death penalty,"
Libya....
It is getting ugly..
Tripoli Revolutionaries Brigade calls for Foreign Minister Sayala to step down..
Tripoli revolution brigade comfirms its in Ministry of foreign afairs buildind and asking for some resignations
Unity Govt Foreign Ministry says operations continuing as normal despite reports that its headquarters were stormed
http://alwasat.ly/ar/news/libya/141357/ …
Unity Govt Foreign Ministry denies reports that its #Tripoli headquarters were stormed today
http://alwasat.ly/ar/news/libya/141353/ …
Keep an eye on developments in Tripoli , certain parties not pleased with recent progress toward reconciliation.
Kobler and Ageela Saleh hold latest round of talks https://www.libyaherald.com/2017/05/06/kobler-and-ageela-saleh-hold-latest-round-of-talks/ … via @libyaherald
Libya oil production hits 796,000 bpd. Recall NOC goal is to hit 1 million bpd in the medium term.
Wow , it this turns out to be accurate , someone needs to be keel hauled !
Iraq......
Syria....
Homs : Al-Waaer will be free from militants in 20/5/2017 After the last batch exit
Large allies reinforcement are gathering for the "big attack" north-east and east. Difficult battle from the logistic supply to forces +
On the other hand, US proxies r stationed in al-tanaf & approach al-Qaem. This is creating a possible confrontation line betwn USA & Russia+
In the next hours, a large military ops is expected towards al-Sukhnah with the aim to reach Deir-ezzour. Al-Sukhnah is expected 2be sieged.
Breaking: After igniting the failed Hama offensive, Nusra (HTS) withdraws from North Hama to go fight Ahrar Al Sham in Jabal Shiekh Barakat
#SOHR The cease-fire completes its 3rd day with less breaches than before in “de-escalation zones”
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