Wednesday, June 14, 2017

Economic News , Data & Views......June 14 , 2017.....Quick Hits For Wednesday -1) Markets : Asia - Economic Calendar For Thursday , Market Moving Data & News ; US - FOMC "Dovish Hike " Today , Dow ( + 46.09 Points ) & Nasdaq ( -25.48 Points ) Diverge While S&P Just Off Modestly , Oil & Gold Sell Off Today , US Treasuries Yields Fall Today Even Before Fed Decision But Plummet Even More After Decision ; Additional Items Of Note. 2) US Political Round Up : Big Story Today - House Majority Whip Steve Scalise ( As well as Congressional Aides & Capital Policemen ) Shot & Wounded At Baseball Practice This Morning , Shooter Shot & Killed , Definitely A Sign Of The Times : Swampland News - Round Up Of Additional Political News Of Note today. 3) Europe : Greece - Pessimistic Tone Before Eurogroup Meeting Thursday ; UK - Grenfell Towers Inferno , Politics For Today Touching On UK ; Italy - Update On Status Of Veneto Bank Rescue ; Local News From France , Germany & Spain. 4) Qatar- KSA "MENA Battle Royale" Updates For Wednesday. Odds & Ends - Updates On Syria , Iraq And From Libya.



Markets.....




Asia....





Economic data due from Asia today - NZ GDP, Aussie jobs report



injects net 90bn yuan via





raised 's fixing by 87bp to 6.7852 per USD, STRONGEST since last Nov, vs prev 6.7939






China Jan~Apr big-&-mid size iron & steel enterprises profit 32.6 bln Yuan, already more than entire 2016 level. Hurray...





Anbang’s Wu Said to Be Probed for Bribery, Economic Crimes: WSJ





NZ GDP SA QoQ Q1: 0.5%% Est (0.7%), Prior (0.4%) NZ GDP YoY Q1: 2.5% Est: (2.7%), Prior (2.7%)







NZ Q1 GDP due soon - preview 4








US.....






Stocks have volatile afternoon, but recover into the close


ForexLive Americas FX news wrap: Hawkish hike, dollar rebounds




nosedives to $1,260/oz after fed raises rates .25%.




US Yield Curve nearing its flattest level of the expansion: 80 bps spread between 10-yr and 2-yr yields.




SPREAD BETWEEN 2- AND 10-YEAR U.S. TREASURY YIELDS NARROWEST SINCE EARLY SEPTEMBER AFTER FED DECISION




U.S. crude futures settle at $44.73/bbl. ⬇$1.73. -3.72%. _N7 volume: ~842k






FED FUND FUTURES SHOW ODDS OF SEPTEMBER RATE HIKE NEAR 10%




*FED MAINTAINS BALANCE SHEET REINVESTMENT, LAYS OUT UNWIND PLAN



*FED SAYS IT'S `MONITORING INFLATION DEVELOPMENTS CLOSELY'




*FED RAISES RATES, MAINTAINS FORECAST FOR ONE MORE HIKE IN 2017




DOE Crude Inventories -1.661MM, Exp. -2.45MM




*DISTILLATE INVENTORIES ROSE 328,000 BARRELS, EIA SAYS





Latest bitcoin rollercoaster ride...






US Politics....




Travis AFB....





ALL CLEAR at , per spokesperson Bobbie Textor. They responded to a report of an active shooter on base. No shooter was found.






Travis AFB gates are now open. Traffic going in and out. No official word on status of lockdown or security threat.






I think this is the third high publicity incident today ( DC / San Fran / Travis AFB )










there is a security incident at Travis Air Force Base. Officials ask the public to stay away and say this is not an exercise.







Shooting At Congressional Baseball Practice....






Pool reporters covering Trump asked to wait in vans outside while president, on his birthday, pays visit to wounded GOP leader Steve Scalise








BREAKING: Trump has arrived at Medstar Washington Hospital Center, where Steve Scalise is hospitalized after this morning's shooting.






Scalise received multiple units of blood transfusion; will require additional operations, hospital said in statement.






Bullet that hit Scalise traveled across his pelvis, fractured bones, injured internal organs. Critical condition.






GOP lawmaker received threatening email after shooting: "One down, 216 to go..."







Update on the wounded...








Strange story getting stranger...








FBI says it wants to figure out "motive" & why Hodgkinson was at ballpark when he opened fire at baseball practive





Backstory on today's shooter in Virginia.




Mood in White House turns more grim as word circulates that Congressman Steve Scalise injuries are critical, his health precarious.




Matt Mika, former staffer-turned-lobbyist who was shot this AM, in critical condition





Sanders discusses fact shooter "allegedly" was a campaign volunteer. Sanders denounces action in strongest terms.







Hearings, events, votes at Capitol postponed or canceled due to shooting at congressional baseball practice.




JUST IN: GOP Whip Steve Scalise undergoing surgery after being shot, in stable condition





Replying to 
JUST IN: White House: After Virginia shooting, Pres. Trump will no longer attend event at the Labor Dept. this afternoon.



Fwiw -shootings today just "might" have a political angle , "if" this is accurate...






CONGRESSMAN SHOT: House Majority Whip Congressman , aides shot at baseball practice in Virginia, Fox News confirms.






Swampland News....






Mueller started investigating Trump for possible obstruction of justice just after Comey firing: Washington Post







As suspected - cyber sleuths sniffed this out in days , North Korea tied to WannaCry hack.






Mnuchin: US will stop development funds to countries that support terror






1 hour ago
F-15 deal confirmed KSA must be fuming...





TWO U.S. NAVY VESSELS ARRIVE IN DOHA TO TAKE PART IN JOINT EXERCISE WITH QATARI NAVY -QNA AGENCY





USA: Senate overwhelmingly approves new package of sanctions to punish for meddling in 2016 election -




Speaking only as to information in public domain-collusion claims melting away like ice cubes on a sidewalk in July.





BREAKING: FLINT, Mich. (AP) — The head of Michigan's health department is charged with involuntary manslaughter in the Flint water crisis.




VA secretary: Trump didn't make us praise him in Cabinet meeting





The ugly question: What if the Russia Russia Russia story was nothing?




Europe....



Greece....



GERMAN FINANCE MINISTRY SPOKESWOMAN SAYS NO GUARANTEE THERE WILL BE DEBT RELIEF FOR GREECE




Greek official pessimistic about Thursday’s Eurogroup meeting






Same old song and dance between Greece and Germany...







UK....




Theresa May's new chief of staff under pressure over tower block fire -






Absolute upmost respect for these guys.All too often Emergency Services are taken for granted in this country







., I want to share my sympathy & pain for the victims of the blaze at . I salute the courage of the firefighters.







JUST IN: Latest updates on the massive fire in London













: At least six people confirmed dead from the tower block fire, fatalities expected to rise.






1 hour ago
'Sorry' Theresa May promises to reflect on changes after election setback -







1 hour ago
Employment rate matches record high but wage squeeze worsens - ONS





Arlene Foster: DUP will work with Tories to bring stability to the UK -





Tim Farron quits as Lib Dem leader over Christian faith





UPDATING LIVE: Theresa May's post-election reshuffle






Pound rises as Chancellor Hammond to lead battle within govt to soften by keeping UK inside EU customs union






Italy...



Italy & Eu trying to pull off a rescue without bailing in senior bondholders and depositors.Junior bondholder and shareholders to take hit.







Generali CEO: Unwilling To Contribute To Veneto Banks' Rescue





Local News - France & Germany......




PayPal acts over French far-right group's plan to thwart migrant rescue boats in the Mediterranean





French father of four ties wife to TGV rail tracks before committing suicide





Spelling mistake triggered terror alarm at Germany's biggest music festival





Outcry over politician's tweet celebrating Munich policewoman getting shot






Spain's dockers up fight for jobs with two-day strike







Real Madrid have 'full confidence' in Ronaldo over tax






Qatar - KSA " MENA Tussle" ...






Turkey media offensive against UAE includes allegation spent 3bn to bankroll failed Turkish Coup..






UAE Ambassador must not have heard the news that the US is set sign deal to sell Qatar 36 F-15 Fighters !






Qatar Airways says service 'unaffected' by Gulf ban






Qatar signs LOA for the purchase of the F-15QA fighter jets creating 60,000 new jobs in 42 states across the United States





Qatar just signed a $12B deal with the US to buy F-15 fighter jets - 5 days ago accused it of funding terrorism at the highest levels





Replying to 
Al-Hayat also reporting Egypt, Saudi, UAE & Bahrain working on joint list of demands from (Per US request)






Update: FM going to Kuwait after Doha, and to on Friday. Ankara looking to resolve this before Ramadan.






withdrew troops from Djibouti & Eritrea for their siding with ...+increases military presence in Doha



crisis Day 10: •Iraq PM Abadi in •Turkey FM in Doha •Tillerson efforts stumble to host summit •Qatar airways CEO upset w Trump





tweets: Calls 's bluff on claims of siege and starvation







The CEO of Qatar Airways discusses the Gulf blockade and its impact on the aviation industry







's Minister of Foreign Affairs scheduled to arrive in today where he will meet the country's Emir amid Gulf crisis.





Bahrain arrests a prominent human rights lawyer after launching a lawsuit against the government over Qatar blockade






Libya...























Update: New Midlle Eastern candidate has emerged as Mauritanan faces opposition!
















ICC calls on anyone who has info on whereabouts of Sayef al Islam "to contact either their national or local police"-a tad tricky in











Iraq....




These are the homes that set on fire after they sneaked in to Al-Dawasa , All the militants were killed by federal police units.








For the 5th day in a row successfully repelled attack on the / borderline west All ISIS attempts have failed







map on the left in February 2015 when controlled 40% of the country and map on the right June 2017 ISIS controls three areas.






Replying to 
have set homes on fire to avoid strikes by helicopters and coalition A-10. Smoke covers the sky of Old city.







A very large attack on federal police units south Old city was successfully repelled by federal police units, 9 car bombs used.







Syria...




One of the first FSA officers in , Nidal Haj Ali, was kidnapped by near Kansafra today. Fate/whereabouts now unknown.








Replying to 
Commander of 21st Division’s Artillery Battalion, Ahmed al-Mousa, also kidnapped by in last night. x2 FSA figures in a night.






Important item regarding Raqqa..if accurate , good news for efforts to remove ISIS from Raqqa.











Replying to 









Map of battle /peta pertempuran per 14/4/17 - 19 ramadan 1438










Very smart...








Replying to 
is trying everything to storm & control Deir Al-Zor so & allies have no more incentive to reach the city





Replying to 
Both and will move forces accordingly and in perfect harmony to push in the same direction






Syrian Army liberated Arak village,oil/gas field,T3 Pumping station east of Palmyra. HD:






Political Chief Zayd al-Attar has announced his resignation. No reason given, but HTS attempts to gain political credibility failing.






ex-FM Hamad Bin Jasem: "We all made mistakes n . We had, w/ , 2 ops room n & , supplying weapons & training"






With the fall of Arak oil field, is losing more income, on the run, on the defensive (even if counter attacks sporadically) in .