Thursday, June 15, 2017

Economic News , Data & Views....June 15 , 2017....Quicks Hits For Thursday -1) Markets : Asia- Economic Calendar For Friday , Market Moving Data And News ; US - Stock Indexes All End In The Red , But Well Off Lows , Gold & Oil Fall Once Again , Treasury Yields Move Upward Today In Contrast To Manic Plunge Yesterday ; Bitcoin Price Takes Another Sharp Plunge today. 2) US Politics : Congressman Scalise Undergoes Another Surgery , Remains In Critical Condition ; Booz Allen Hamilton Under Probe By DOJ - Civil & Criminal Investigation ; Congressional Russia Probes & Special Counsel Investigation Updates ; Seamy , Dangerous Side Of Political Life Emerges - Georgia Congressional Candidate Receives Threats & Suspicious Package At Home ; US-Qatar ( State Department Not Holding Gulf-Dispute Summit ) ; Senate Passes Sanctions Bills On Iran & Russia Today ; 16 Additional Individuals Hit With Criminal Charges In Connection With Violence Outside Turkish Embassy ; Additional Items Of Note. 3) Greece & Its Creditors Reach Deal At June 15th Eurogroup. 4) UK : Grenfell Fire Updates ; Political News De Jour. 5) Odds & Ends For Thursday.



Markets.....




Asia...





On the calendar for Asia - its Bank of Japan day




BOJ announce policy remains unchanged




People’s Bank of China sets yuan reference rate at 6.7995. (vs. yesterday at 6.7852)




Singapore May trade data: NODX down 1.2% y/y


NZ data - BusinessNZ Performance of Manufacturing Index: 58.5 (prior 56.8)



US....





Forexlive Americas FX news wrap: Dollar rises as traders digest Fed



Today all the indices close lower




Crude oil weakens further to $44.46. Down -$0.27




Coinbase Recovers After (Another) Outage During Bitcoin Price Fall






Concerns include bitcoin platform upgrade , recent spate of cyber attacks and anti-money laundering concerns.








US Politics....





Reporters question Justice Dept statement warning against anonymous sources






McChrystal: Trump responsible for Mattis' decision to send more troops to Afghanistan







Scalise is out of his latest surgery, source says, and remains in critical condition





U.S. congressman undergoes another operation after shooting





Fox is told Scalise's medical situation is "complicated." Will need later surgeries for broken bones. But dealing w/internal issues now.






BOOZ ALLEN HAMILTON INC. INFORMED THAT U.S. DEPARTMENT OF JUSTICE IS CONDUCTING CIVIL,CRIMINAL INVESTIGATION ON UNIT: RTRS





Boom !





Georgia GOP candidate receives suspicious package, threatening letters at home





PENCE HIRES OUTSIDE COUNSEL TO DEAL WITH RUSSIA PROBE: W POST






Chips will fall , where they fall. If someone broke the law , that's on them.






No point since Qatar's leader already said he wouldn't come to DC.







.: US wasn't fully aware of Otto Warmbier's condition until 2 US doctors arrived with envoy Yun in Pyongyang to examine him





*SENATE PASSES BILL TO STRENGTHEN SANCTIONS ON AND : BBG





DC US Attorney’s Office filed criminal charges against an additional 16 individuals in connection with the violence outside Turkish Embassy






Why is that Hillary Clintons family and Dems dealings with Russia are not looked at, but my non-dealings are?





Crooked H destroyed phones w/ hammer, 'bleached' emails, & had husband meet w/AG days before she was cleared- & they talk about obstruction?





You are witnessing the single greatest WITCH HUNT in American political history - led by some very bad and conflicted people!




Maddow: It's "absolutely possible" Trump didn’t know about Russia hacking





NEWS: Utah AG Sean Reyes has fallen out of consideration for chair of Federal Trade Commission, Trump admin sources tell me and .




White House Has Not Settled On A Final Way To Address Raising The Debt Ceiling -OMB Director Mulvaney




White House Would Like To See Congress Deal With Debt Ceiling In July, Discussions With Lawmakers Ongoing-OMB Director Mulvaney






Former Independent Counsel Ken Starr (Whitewater)opines no obstruction case based on evidence known to date. Fwiw.







June 15th Eurogroup Deal Between Greece & Creditors


( Much More At Twitter Timeline - Reverse Chronology )





President says today's meeting won't take final decision on debt relief, which will be discussed in 2018





Schaueble: The IMF will probably join the programme for without making payments until August 2018




EU FINMIN TO CONSIDER BETWEEN 0 AND 15-YR EXTENSION OF LOAN MATURITIES TO GREECE AS PART OF DEBT RELIEF IN 2018, BUT NO DECISION TAKEN




Lagarde:We have recently seen significant progress by GR gov on policy reforms followed by supportive legislation from Gr Parliament




Lagarde:We have seen progress on debt relief although further discussions are needed on scope/type of measures to be provided b EU creditors




ESM's Klaus Regling: First tranche for at beginning of July about 6.8 bln for debt repayments, another 0.8 bln for arrears clearance




Lagarde:release of resources would be conditional upon EU creditors providing commitments for debt relief sufficient to secure debt sustain



Lagarde:release of IMF funds would be contingent on policy implementation + receipt of relief assurances so debt can be deemed sustainable




Lagarde:assessment of debt sustainability would be guided solely by IMF’s own debt sustainability analysis




Lagarde:I hope that the discussion over specific debt relief measures can soon be brought to conclusion





"We wont need access to the IMF financing envelope"- 30 bil will still be unused at the end of the program says G. Chouliarakis






. says that there are going to be 2 DSA's one before july 27th and one at the end of program







IMF "AIP"...







Eurogroup Statement -June 15th...







Eurogroup Statement -June 15th...






UK....



Grenfell Tower Fire....




Unofficial numbers (hundreds) on the casualties start to spread. This is insane if true.






If this is accurate , death toll for adults and children could catapult...







Wait , what ?









Theresa May announces full public inquiry into Grenfell Tower blaze







Yikes...







Good on Raheem Sterling. ⚡️ “Raheem Sterling to make donation to Grenfell Tower fire victims”





refurbishment/beautification cost £10million including the cost for cladding Cost of putting sprinkler system: £200k







1 hour ago
'The building wasn't safe': Angry Grenfell Tower fire survivors say their concerns were ignored




Political News...





Britain's May confident on deal to stay in power, to open parliament next week







Brexit negotiations to start on Monday, Government confirms





Theresa May's popularity plunges below Jeremy Corbyn after election campaign







Theresa May challenges DUP to bring down the Government as talks drag on






Odds & Ends....





Once defeated in Syria and Iraq, ISIS will look for another territory to rise again. My take via







LNA secures arrival of 13 million dinars to banks in Jufrah.








French Ambassador to says considering opening embassy in soon









Following the control of LNA in Jufrah airbase, a cargo plane bringing 14 million landed today. Banks in Hun, Waddan, Sawknah received money






's main opposition launches (Justice March) from to in protest of the arrest of elected reps.









Very interesting item !







Hell on earth for civilians in Raqqa...







Very logical pov..








( First Of 12 Tweets From Elijah On Deir Ezzor - At T.L )


Deir al-Zour situation update btwn & allies surrounded in the city among with over 100.000 civilians since 30 months & : +






After 30 hrs-Jury having problems reaching an unanimous verdict so far. Allen ( "Dynamite" ) Charge given by Judge.










paper lists 6 reasons behind crisis w , 3 of them mention Doha support for pro groups in Bahrain, East Saudi, & Yemen







Replying to 
•Other 3 mention media incitement,"spreading terrorists' narrative" •Mention of Bahrain been consistent by Saudi •No mention of Syria, Egypt












Since split, Tamim has met/spoke with: Kuwait's Emir twice; France's Macron twice; Trump once; Turkish FM once. Still no public address tho.








crisis Day 11: •EU FMs meeting Mon. •Yemen rebels target UAE 🚢 •Macron ready to meet parties •Turkey FM says he's going to Saudi tom