Markets.....
Great overview for coming events for June 5th through June 9th !
Bonds didn't shrug off the data though...
More of the same...
Another record close for the major US indices
ForexLive Americas FX news wrap: Dollar drops after weak jobs report
Fed silence screams that a rate hike is coming June 14 http://bit.ly/2qJjuuS
Baker Hughes US oil rig count 733 vs 722 prior http://news.forexlive.com/!/baker-hughes-us-oil-rig-count-vs-722-prior-20170602 …
Atlanta Fed GDPNow Q2 forecast cut to 3.4% from 4.0% http://bit.ly/2qIeJlq
US Aggregate Bonds hitting a 7-month high. $AGG
Gold and the Dollar Index crossing paths, with Gold now outperforming since the election & Dollar at a 7-month low.
Full time jobs take a big hit..
Le Boom...!
Australia has removed taxation on Bitcoin and will allow the currency to be used just as cash.
Russia looking to regulate bitcoin
US Politics ....
Dems furious at Clinton for blaming election loss on DNC: It's "f--king bullsh-t" http://hill.cm/KXcsh3R
JUST IN: House Intel Committee made unmasking requests before Nunes called them abuse of power http://hill.cm/UGnoY7a
Manafort case part of Special Counsel's portfolio...
I'm waiting for near junk bond status State of Illinois to repeat this mantra...
China's officials really should be the last to be "wailing" about Trump pulling out the US from Paris Accord...
White House reviewing whether to use executive privilege, limited right to withhold info, to block Comey's testimony https://www.bloomberg.com/politics/articles/2017-06-02/trump-reviewing-whether-to-block-comey-testimony-spokesman-says …
Trump would be taking a risk asserting Executive Privilege in this instance , but he's a risk taker.
U.S. Adds Fresh Sanctions on North Korea Over Weapons Program https://www.bloomberg.com/politics/articles/2017-06-01/u-s-adds-fresh-sanctions-on-north-korea-over-weapons-program … via @bpolitics
EPA chief Scott Pruitt says “the world applauded when we joined Paris” because knew it was going to put US at economic disadvantage.
.@Acosta says many worry Pruitt/Trump are "putting their head in the sand" over climate science.
Pruitt: "There is no evidence of that."
Der Spiegel takes another shot at POTUS...
Bucking Trump, some cities, states, and companies commit to Paris accord
Keep your eyes on this aspect -I have suspected very fertile field for a probe to plow...
Some in Congress may be unhappy to hear White House saying this is going to happen, no matter what.
We will release tax plan when there's consensus, Gary Cohn on @BloombergTV. "Working as hard as we can to get tax reform done this year."
Europe.....
France....
'Make our planet great again': Macron leads Trump trolling after Paris climate deal withdrawal https://on.rt.com/8dfu
Canada's Trudeau & France's Macron strengthen bromance & pledge to implement #ParisAccord without US #cdnpoli
Macron is happily shwacking Trump to get a massive majority he needs in the National Assembly. De Gaulle and Mitterrand would approve
New @IpsosFrance poll gives Macron's party 395-425 seats in French National Assembly. Landslide territory, given absolute majority is 289.
Europe Market News & Economic Data ...
German stocks lead Europe to strong weekly finish
Greece GDP Q/Q Q1 F: 0.40% (est -0.10%; prev -0.10%)
-GDP NSA M/M Q1 F: 0.40% (prev -0.50%)
-GDP NSA Y/Y Q1 F: 0.80% (prev -0.30%)
Eurozone PPI M/M Apr: 0.00% (est 0.20%; prev -0.30%)
-PPI Y/Y Apr: 4.30% (est 4.50%; prev 3.90%)
Spain Unemployment M/M May: -111.9 (est -110K; prev -129.3K)
UK....
UK PM May: Good Brexit Trade Deal Would Benefit Other EU Members - RTRS
[RTRS] UK PM May: Confident UK Can Get A Good Deal In Brexit Negotiations
-Must Be Prepared To Stand Up For Britain
Campaign Report: 6 Days to Go https://order-order.com/2017/06/02/campaign-report-6-days-go/ …
I'm sure that UK voters can't wait for the campaign to be over..
Jeremy Corbyn approval ratings rise as Theresa May's popularity hits record low #GE2017
Ashcroft Electoral Model Suggests UK PM May Will Win A Majority 60 Seats UK Election - RTRS
The Ashcroft Model’s central estimate is a 60 Con maj, but it depends who votes. If turnout matches 2015, it’s 78. http://LordAshcroftPolls.com
#UK CONSERVATIVES 45%, LABOUR 40%: IPSOS MORI POLL IN STANDARD
PM May denying this as speculation , but....
UK Markit/CIPS UK Construction PMI May: 56.0 (est 52.6; prev 53.1) https://www.markiteconomics.com/Survey/PressRelease.mvc/9c3b75e467c9402fa4c2d07b2c1956a8 …
Europe Catch-All ....
Union of Greek Shipowners rips Schauble's criticism as a very political attack.
ROTFLMAO !
#ESM says Greece’s creditors can restore debt sustainability, limiting GFN to 20.9% of GDP in 2060, by employing medium-term debt measures
ZDF Politbarometer Poll: Germany’s Merkel’s Conservatives On 39%, Social Democrats 25%
Odds & Ends....
GCC crisis...
UAE Minister of State Gargash says GCC faces major crisis , due to Qatar seemingly opening up to Iran. 1
Syria....
Latest @snhr estimate says US-led Coalition killed more civilians in Syria in May than either Islamic State, or Russia/Assad regime combined
"The US does not want ISIS in Deir Ezzor to be defeated by anyone but themselves—certainly not by Tehran’s allies."
Libya....
Acc to @LNASpox Jufra airbase is currently under siege by LNA Zawiyah martyrs brigade
Devil in the details of what the terms are...
LNA not buying into 7 military zone plan of PC. What a shocker ! Sarcasm off...
With fall of Jufrah region, LNA will secure control over vast majority of oil and gas fields that compose of cca 90 prc of Libya revenue.
Reportedly, after Waddan, LNA takes control of both Sukhna and Hun towns as well. Jufra airbase still in SDB hands
Chadian forces involved in clash vs LNA at Waddan..
10 strikes in Al Jufrah region TH night. Local forces aligned w/ Al Bonyan Al Marsoos targeted in Hun & Sawkna.
#Derna residents denounce Egyptian airstrikes on their city
Philippines....
#Philippines #Manila - Death toll rises to 38 (37 + attacker). Police now say they have no 2nd person of interest, because the car they
#Philippines #Manila - identified did not belong to the attacker in the end. Police still claim the attack on Resorts World was no terrorism
#Philippines #Patikul - Gun battle between army and #AbuSayyaf earlier today. 1 soldier of the 41st Infantry Battalion killed.
ISIS formally claims Resorts World Manila attack...thread in progress from Rukmini.....
8. The Nashir claim names the alleged attacker as having the kunya Abu al-Khair al-Arkhabili
10. @Stratfor's Scott Stewart explains the meaning of the nom de guerre cited in the ISIS claim:
1) Breaking: ISIS' Amaq claimed attack @ Resort World #Manila , #Philippines was carried out by #ISIS fighters according to its source
2) Amaq claim not surprising: Since shooting began yesterday #ISIS operative in #Philippines claimed ISIS fighter was behind #Manila attack
3) 2nd claim, 8h ago, named attacker "AbuKhair alLuzonee"who aimed to burn the casino inside, as it's the"main cause of HARAM in the region"
#Philippines #Manila - The #IS statement comes from the same guy reporting from #Marawi. His info there proved to be true.
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