Thursday, June 22, 2017

Economic News , Data & Views.....June 22 , 2017.....Quick Hits For Thursday -1) Markets : Asia - Economic Calendar For Friday , Markets Moving Data & News ; US - Another Mixed Market Day For US Stock indexes With Dow & S&P Modestly Red While Nasdaq Modestly Green , Spot Gold Up $3.70 While Oil Has Modest Bounce Back Day Rising 26 Cents ( Jawboning Doesn't Trigger HFT Trading Today ) , Ten Year Treasury Catches A Bit Of A Bid Today. 2) US Politics : House Dems Rebellion Against Pelosi Brewing ; Replace & Repeal May Be In Serious Trouble Or Already D.O.A ; Foreign Policy Items ( Gulf Crisis / North Korea / Syria / Turkey ) ; No White House Comey Recording - Confirmed By POTUS Today ; Trump Tweets ; Additional Items Of Note. 3) UK : Political Round Up For Thursday. 4) Broader Europe News Of Note - Greece , Germany , Spain & Italy In Focus. 5) MENA Updates - Iraq , Syria , Libya & Gulf Rift Updates.



Markets....





Asia....





Good morning! Asia stocks flat as oil halts losing streak & China yield curve normalizes. Nomura sees 1st BoE rate hike in a decade in Aug.






Nikkei 225 closes up +0.11% at 20,132.67






The economic data calendar in Asia today is sparse, here's what's up






New Australian iron ore mine ... development deferred due to market conditions





North Korea fires off another rocket engine test


Toshiba To Ask WesternDigital To Join US - Japan - South Korea Chip Bid – Yomiuri




Biggest 2 day steepening of the Chinese yield curve on record after sharp selloff in 10 year




US...





1 hour ago
Another day around the way...








1 hour ago
US stocks end little changed






Forexlive Americas FX news wrap: Stronger retail sales send the loonie higher



This could collapse sooner than during 2018. Nigeria/Libya/US production overwhelming OPEC "phantom menace" cuts.





Biggest US banks clear first hurdle in Fed's annual stress tests





Ongoing TSY yield curve flattening remains biggest macro story in the market but stocks are taking price action in stride for now, JPM says.






Sad , alarming , aggravating , frustrating news ....








US Politics....






Interesting, if this turns out to be both correct and reflective of the sentiment of key House Dems...








North Korea has conducted new rocket engine test, likely for a ballistic missile or space launch vehicle, US officials say -





1 hour ago
Ted Cruz Reveals Details Of His Amendment Proposal To Senate Healthcare Bill






Top hospital group to Senate Republicans: "Go back to drawing board" on ObamaCare repeal






Obama in a long Facebook post, makes argument against GOP's health care bill: would raise costs, reduce coverage, ruin Medicaid.






Self-explanatory and 2018 will be worse..








PAUL, LEE, JOHNSON, CRUZ SAY SENATE HEALTHCARE BILL IMPROVES CURRENT SYSTEM, BUT DRAFT WOULD NOT REPEAL OBAMACARE AND LOWER HEALTHCARE COSTS




PAUL, LEE, JOHNSON, CRUZ SAY THEY ARE "OPEN TO NEGOTIATION" AND OBTAINING MORE INFORMATION ABOUT THE HEALTHCARE BILL




SENATORS RAND PAUL, MIKE LEE, RON JOHNSON, TED CRUZ ANNOUNCE THEY ARE "NOT READY TO VOTE" FOR THE SENATE HEALTHCARE BILL




Here we go -Humana to leave Individual Insurance Market permanently !





Erdogan must think whomever wrote that letter to him believes he's a fool...







CBO will score Senate's healthcare bill next week





There we go and as expected -Trump did not tape,former FBI Director Comey...




With all of the recently reported electronic surveillance, intercepts, unmasking and illegal leaking of information, I have no idea...





I certainly hope the Democrats do not force Nancy P out. That would be very bad for the Republican Party - and please let Cryin' Chuck stay!




...Why did the DNC REFUSE to turn over its Server to the FBI, and still hasn't? It's all a big Dem scam and excuse for losing the election!





UK....





Replying to 
PM: offer made to allow EU citizens remain in Britain after Brexit would depend on the same rights being offered to UK citizens in Europe








Friday's Telegraph: "Three million migrants to get right to stay" (via )






Friday's Independent: "'We feel helpless': tenants demand answers as towers fail Grenfell tests" (via )









DUP MP warns Theresa May: 'We're no pushover':






UK exports to EU, 2015: $294 billion EU exports to UK, 2015: $383 billion









1 hour ago
Amber Rudd announces review into handling of recent terror attacks








1 hour ago
Brexit plans - Morgan Stanley looks close to choosing Frankfurt for its new Europe HQ






Who Is On Question Time Tonight >>








BREAKING - AFP - Britain's May promises EU citizens can stay after Brexit, but rejects all EU court oversight





Tusk says 'leaders will only take note' of May's Brexit briefing, 'this is not the forum for negotiations'





Philip Hammond mocked after suggesting Brexit is like buying a house






Seven tower blocks found to have combustible cladding after Grenfell disaster:






Europe....



Greece Gov't bows down once again..






  
Analysis: Greek Debt Relief With a ‘Fiscal Straitjacket’





Islands lack ambulances and trained staff to drive them



Greek municipal workers' strike hinders trash collection


The road ahead for the coalition



| 'S RICE SEES BOARD CONCLUDING GREEK LOAN TALKS BY JULY 27 - BBG






Germany...






Merkel rebuffs UK, saying EU future more important than Brexit








'Germany for the Germans': explosive WhatsApp leaks pile pressure on AfD







Merkel's chief rival Martin Schulz fights to save election campaign





Germany spied on the White House over years: report







Spain....






Spanish Congress says 'no' to Catalan independence vote








Weathermen warn of 'extreme' fire risk, but cooler weekend forecast










Ronaldo to pay Spanish tax authorities €14.7 million he owes "as a show of good will", reports TVE.









Spanish court reins in Catalan foreign policy ambitions






Italy...





Pope Francis to send funds to South Sudan after Vatican rules out papal visit






Popolare Di Vicenza Chairman: Intesa Offer For Veneto Banks Seen As The Best Possible Offer, Need To Wait For Gvt Response - RTRS





Popolare Di Vicenza Chairman Tells Reuters Hopes Deal On Veneto Banks Can Be Reached This Weekend - RTRS






risk spread over Germany continues to shrink, hits to lowest since Jan as 5-Star Movement relegated Euro referendum pledge to Plan B.






Analysis: Rome mayor's anti-migrant stance signals a shift to the right for the Five Star Movement






Convicted Italian 'Years of Lead' bomber arrested in Portugal







MENA....




Syria...




All reports of Syrian Gov planning to attack Afrin are false. No coordination with Erdogan & any issues are separately related to SyAF pilot






Replying to 
consider proxies as enemies if they defend US occupation of northeastern






is not preparing any battle against in , neither is joining in any battle.







Raqqa almost isolated , just a kilometer left at this point.









Raqqa map. ISIS is now besieged in the city














foreign ministry stated that "we can say with a high degree of certainty that leader Al- has been killed".







Iraq.....




forces are advancing toward the Latin church also known as "Our Lady of the Hour Church" in Old city. might blow it up.







joint operations officially announce Hamidine mosque in Old city completely liberated by Federal Police Units.






The first images of what's left of Al-Nuri Mosque and its minaret in Old City.







Libya....




's National Oil Corporation discusses upgrades to Nafoura oilfield with Austrian company OMV






Fayez Serraj in Brussels: refuses to establish refugee camps on its territory








Haftar forms security room to deal w/ banking hours, calls on businessmen to deposit money in banks to ease crisis







NATO Secretary General: NATO views the Unity Gov't as the sole representative of the Libyan people














Mitiga airport temporarily closed: contradictory reasons given -



& runs military factories in , those facilities supplies weapons and ammunition to terrorists in and others





We have meeting records of Sudanese Army leaders & , states conspiring W & supporting terrorism in





We have full cooperation W Qatari opposition who provided documents proving -n citizens are Qatari intel operatives





In reference to 's decree of military zone segmentation and upgrading some Military officers , we deny any cooperation in that regard





Qatar - Gulf Crisis...



List of demands presented below...




List of demands from Arab Quartet to Qatar - 1-13 , ten days accept.











A list of 13 demands by Saudi et al to Qatar has been released.










crisis Day 17: •Demands "in days" via Kuwait •Libya, Syria, Bahrain,figures in Qatar high on list •Doha seeks 10%of American Airlines





Expats working for Qatar Petroleum and other orgs say their employers have cancelled holidays and barred them from leaving Qatar




Replying to 
Qatari official tell Reuters some leave had been cancelled in "essential government sectors" to keep staff on hand to cope with the crisis





"Iran..began exporting food to Qatar..as unprecedented Gulf crisis left the isolated emirate w/o..links it usually relies on to import food"






First ship carrying food departs Turkey for Qatar









Stakes in 18 companies were transferred earlier this year, before Qatar's diplomatic rift with other Gulf states.