Tuesday, June 6, 2017

Economic News , Data & Views.....June 6 , 2017....Quick Hits for Tuesday -1) Markets : Asia - Economic Calendar For Wednesday , Market Moving News And Data Updated As Available ; US - US Stock Indexes Lower ( S&P Down 0.28% / Nasdaq Down 0.23% / Dow Down 0.23% , US Bond Yields Moved Lower ( 2 Year 1.294% / 5 Year 1.710% -3 bp. / 10 Year 2.143% -3.8 bp ) , Spot Gold Surged $13.81 to $1293.24 , WTI Crude Oil $48.38 +$1.00 or 2.07%. 2) UK General Election News & London Attack Updates. 3) France - ISIS Inspired Hammer Attack At Notre Dame Foiled By Police. 4) Spain - Banco Popular In Play , Spanish Banker Still Missing From London Attack. 5) Greece - Debt Talks Updates. 6) Italy - Bank Rescue For Veneto Banks Still Under Consideration , Polling Data , Migrant Smuggling Report. 7) Germany Open To Restart TTIP Talks With US After German Election , Soldiers And Planes In Turkey May Be Moved To Jordan. 8) US Politics - Round Up On Domestic & International Items Involving US. 9) Qatar - Saudi Arabia Et Al GCC Rift Updates For Tuesday.



Markets.....





Asia.....




Economic data due from Asia today (Aussie GDP ... but who cares?)





New Zealand - ANZ Job Ads for May: -0.6% m/m (prior +0.4%)



Japan press - MoF wants direct exchange of yen without using USD as intermediary



China Likely To Seek To Establish Additional Overseas Military Bases In Friendly Nations - Pentagon Report To Congress






US.....





US stocks end the day with negative signs





Forexlive Americas FX news wrap: Dollar retreat to the downside led by USDJPY

OIL - private inventory data shows US crude stocks bigger than expected draw


UK....




UK election modelling indicates 60+ seat majority for Conservatives



Replying to 
💥 WOW: 's PM Theresa May says she will "rip up human rights laws to fight terror"





Something to file away for Thursday post vote analysis. ..





FRENCH INTERIOR MINISTER COLLOMB SAYS THE ATTACKER CARRIED IDENTITY CARD OF ALGERIAN STUDENT. SHOUTED "THIS IS FOR SYRIA": RTRS





RTRS - OPINIUM POLL WAS CONDUCTED ON JUNE 4-6, AFTER SATURDAY ATTACK IN LONDON





Nine in ten older voters want a social care cap - survey






NEW Theresa May tells Brits: Go out and vote to defy the terrorists






Boris Johnson sees ‘no reason’ to withdraw Donald Trump state invite despite Sadiq Khan feud





Key seats to watch on Thursday. ..








No seems to be carrying the day in this particular poll regarding Scottish independence.....




BREAKING: Reports that the London bridge is on lockdown for unknown reason. Updates soon...





More on London Bridge office buildings evacuations...






Quite a read...why polls may be very misleading heading into Thursday's General Election.






Southwark offices evacuated today and lockdown may continue for Wednesday..






EU braced for UK to quit Brexit negotiations over summer - FT






Replying to 
Metropolitan Police: Zaghba was an Italian national and 'not a police or MI5 subject of interest.' He and 2 others shot dead on Saturday.







Replying to 
BREAKING: British police name 3rd London Bridge attacker as 22-year-old Youssef Zaghba. Italian media say he was Moroccan-Italian.







France.....




1) Reports indicate incident involved man attempting to attack police w/ hammer&knives, resembles previous -inspired attacks





Replying to 
2)Though no name or claim released, pro- channels promoting attack; posting pictures/updates, and celebratory messages.










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3)Incident comes 2 days after pro- channels disseminated French-language letter warning gov to end its role in"oppression of Muslims"








Replying to  
UPDATE: French media reports a police officer shot a man who tried to attack him front of Notre Dame .




Man who attempted to attack a police officer with a hammer , shot and wounded..





Spain....





BANCO SANTANDER CONSIDERING CAPITAL INCREASE OF ABOVE 5 BLN EUROS AS PART OF POTENTIAL OFFER FOR ITS SMALLER RIVAL BANCO POPULAR ESPANOL





So for now still no official news—from Spain or the UK—on the whereabouts or condition of Ignacio Echeverría.







Spanish Home Office to us just now: "OK Diario screwed up. Home Office has not said anything [about Ignacio Echeverría]".





HSBC, Ignacio Echeverria's employer in London, responds to request for comment on his whereabouts or their own investigation: "No comment".




. refuses to confirm or deny report in OK Diario of death of Ignacio Echeverría, which cites Spanish Home Office sources.




Spain's Interior ministry labels as "false" reports Tuesday afternoon on Spanish website about 39 year-old banker Ignacio Echeverria






Greece....





Greek ruling party says IMF debt proposal not helpful in impasse: RTRS





SYRIZA's political secretariat meeting under Tsipras since 10am. Difficult subjects on the table: debt talks, Eurogroup




Italy.....





Italy said to review option for rescue of Veneto banks





Italy, EMG poll: M5S-EFDD: 30% PD-S&D: 28% FI-EPP: 13% LN-ENF: 13% FdI-*: 5% MDP-S&D: 3% AP-EPP: 3% SI-LEFT: 2%





Italy Economy Undersec: Failure Of The Veneto Banks Would Create A Systemic Crisis, Hit The Entire Italian Economy – RTRS






Once again, discord between & bursts into the open. Not aware of anything like this happening with any other €Z country.







Italian police bust migrant trafficking ring in Sicily







Germany....




German Chancellor Merkel: Willing To Restart TTIP Negotiations With US





Germany Mulls Transferring Troops from Turkey to Jordan





US Politics...





RTRS - U.S. SUGAR PRODUCERS SAY THEY ARE CONCERNED U.S.-MEXICO SUGAR TRADE AGREEMENT CONTAINS 'MAJOR LOOPHOLE' -STATEMENT





Down-sizing expectations for the Comey Hearing already? It's just Tuesday !






In statement tonight, US-led coalition says it "destroyed additional pro-Syrian regime forces" advancing near its al-Tanf air base today.





Anthem still in 13 Obamacare Exchanges in other states-but logic for exiting Ohio probably not state specific.








MNUCHIN SAYS U.S. PRIORITY IS TO NEGOTIATE VERY SPECIFIC MARKET ISSUES IN RELATIONS WITH CHINA, NOT BILATERAL INVESTMENT AGREEMENT





I think a bet on Trump tweeting during Comey's testimony is money in the Bank. My over/under # is 3.






Anthem pulls out of Ohio Exchange ! Another insurer hits the road from Obamacare.






MEXICO ECONOMY MINISTER SAYS U.S.-MEXICO SUGAR DEAL TO CUT PROPORTION OF MEXICAN EXPORTS OF REFINED SUGAR TO 30 PCT





Goldman catching flak from US Officials regarding bond deal involving Venezuela. ..





Qatar shouldn't expect any help from POTUS..






...extremism, and all reference was pointing to Qatar. Perhaps this will be the beginning of the end to the horror of terrorism!





So good to see the Saudi Arabia visit with the King and 50 countries already paying off. They said they would take a hard line on funding...






POTUS tweets on Qatar vs " The Avengers" political and economic war...







Trump seems to be siding with "The Avengers" and against villain Emir of Qatar , aka "Loki"...







Sorry folks, but if I would have relied on the Fake News of CNN, NBC, ABC, CBS, washpost or nytimes, I would have had ZERO chance winning WH





The FAKE MSM is working so hard trying to get me not to use Social Media. They hate that I can get the honest and unfiltered message out.





"It's the greatest hoax of all time. I was there throughout the campaign," Eric Trump on Russia collusion, in interview with .








Leaking of this NSA document gives credence to claims of political leakage..






US military confirms battle for Raqqa, in Syria, is underway. 24 airstrikes launched in past 24 hours against ISIS fighting positions etc





Qatar Vs KSA Et Al...

( Most recent key items , more at timeline )





Important thread listing the 10 demands that Saudi Arabia has made to Qatar re terrorism. Includes immediately closing





1 hour ago
Replying to 
💥⬆️ 2) Officially apologizing for all GCC governments for the insults, fake news they've tolerated from broadcaster by Aljazeera




Replying to 
💥⬆️ 3) Expelling all Hamas and Muslim Brotherhood leaders and members from Qatar. 4) Stop interfering in Egypt's affairs immediately




Replying to 
💥⬆️ 5) Stop sponsoring or funding any terror groups in any way, shape or form.





Replying to 
💥⬆️ 6) Freezing Hamas leaders bank accounts and prohibiting any financial transactions with/by them in that regard




Replying to 
💥⬆️ 7) Vowing not to have any future policies or political roles that contradict the GCC unified polices





Replying to 
💥⬆️ 8) Shutting down Aljazeera TV network immediately and abiding by the pact agreed upon by Doha in 2012 during late King Abdullah rule





Replying to 
💥⬆️ 9) Expelling all the personalities, figures who have known aggressive stances against GCC countries from Qatar






Replying to 
💥⬆️ 10) In case Qatar fully agreed to all above, an urgent meeting of GCC leaders to be held in Jeddah,KSA 2mrw to ink the irrevocable deal





Replying to 
💥⬆️ ’s airlines cancels trips via " "





مصادرنا: أبلغت بـ10 شروط يجب أن تطبقها الدوحة خلال 24 ساعة بدءا من هذه الليلة
Translated from Arabic by 
Sources: 10 reported terms of Doha must apply within 24 hours starting from tonight





Jordan cuts back relations with Qatar and closes local Al Jazeera outlet.









Replying to 
💥 Oh the irony: & begged to mediate and ask for 's help: Putin calls Sisi. "





Trump tweet means Saudis less likely to back down off likely extremely punishing terms of surrender by Qatar.





Qatari Foreign Minister: We are willing to sit and talk. We are not a superpower. We are not believing in solving things with confrontation.





Replying to 
💥The world's biggest container shipping line, Maersk ,says its no longer able to transport goods in or out of Qatar after GCC,Egypt blockade





PENTAGON GRATEFUL TO QATAR FOR SUPPORT OF U.S. MILITARY PRESENCE AND "ENDURING COMMITMENT TO REGIONAL SECURITY even if you fund terrorists




''NOT PART'' OF DISPUTE OPPOSING SAUDI ARABIA, GULF COUNTRIES TO - IRAQI PM ABADI: RTRS.




HAS NO PLAN TO SHUT DOLPHIN PIPELINE TO , DESPITE POLITICAL DISPUTE - ENERGY INDUSTRY SOURCES: RTRS.





Riyal under pressure as KSA , UAE Banks halt transactions w/ Qatari Banks and Bahrain Banks delay business.






UAE CENTRAL BANK MET TODAY TO DISCUSS QATAR CRISIS, PREPARING GUIDELINES FOR BANKS ON QATAR-RELATED TRANSACTIONS -SOURCES





FWIW....






Qatar flights using alternative flight plans as crucial airspace access cutoff...





BREAKING: Philippines temporarily suspends deployment of Filipino workers to crisis-gripped Qatar.






Setting out the state of play and updates as of early Tuesday morning for GCC crisis featuring Qatar....







Saudi, UAE banks hold off on Qatar deals; central banks investigate exposure: sources






GCC Crisis set to cause considerable logistical problems for shipping of oil....