Tuesday, July 18, 2017

Economic News , Data & Views....July 18 , 2017 ....Quick Hits For Tuesday -1) Markets : Asia - Economic Calendar , Market Moving Data & News ; US - Another Day Of Record Closes For S&P & Nasdaq , TIC Flow Data , USD Still "Punkish" Looking , Oil Up 38 Cents Amid Saudis Trying To Calm Concerns Over OPEC & Global Inventories , Europe Sells Off Hard Today , Additional Items Of Note. 2) US Politics : Replace & Repeal D.O.A But Also Straight Repeal D.O.A - Back To The Drawing Board It Appears ; Russia Probes Updates ; US Sanctions Imminent For Top Venezuelan Officials , Perhaps As Soon As Today ; US Imposes News Sanctions ( Iran) On 18 Individuals & Groups & Additional Items Of Note. 3) Europe - Political & Economic News Touching On Greece , Italy , UK & Germany. 4) Syria Battlefront News For Tuesday. 5) Venezuela - State Of Play Post Opposition Referendum , Post Trump Threat Of Sanctions And Maduro Rejection Of Same And Ahead Of Thursday's 24 Hour Strike - Tensions thick Enough To Cut With A Machete. 6) Odds & End - Global !


Markets.....




Asia....




Economic data due from Asia today (& some late RBA speak!)



PBOC sets USD/CNY central rate at 6.7451 (vs. yesterday at 6.7611)






Abe approval sliding more: Japan Defense Minister Approved Military Report Cover-up: Kyodo





Good morning Asia. Bearish dollar tone. Bloomberg Dollar Index at 10-month low; 10-year yield falls through the 200-DMA crack




Reuters Tankan: Japan Manufacturers Index +26 In July, Unchanged From June Japan Non-Manufacturers Index +33 In July, Flat From June





Dalian up another 3%. $70 today? Iron ore is just below $70 a tonne after rallying 30% in a month ()






S.Korea June Producer Price Index +2.8 Pct Y/Y (Prev Rev 3.4 Pct In May) -C.Bank





BOJ meeting begins today, concludes tomorrow - Goldman Sachs preview




US.....



US Total Net TIC Flows (USD) May: 57.3B (rev prev 74.4B) -Net Long-Term TIC Flows (USD) May: 91.9B (rev prev 9.7B)






Nasdaq closed at fresh life-time high on a return of the FANG stocks w/ Netflix up double-digit after good subscriber numbers.





Nasdaq and S&P close at records.



ForexLive Americas FX news wrap: Washington not doing the dollar any favors



1 hour ago
Saudis Hope To Accommodate Rising Nigerian & Libyan Production, Says Must Work Together With All Producers - RTRS






1 hour ago
Saudi Arabia Committed To Mkt Stability By Drawing Down Overall Inventories – RTRS Sources






OIL - Private inventory data shows surprise build in US crude stocks




Crude oil futures settle at $46.40 /bbl. Up $0.38.


Europe....





European stocks end the session with losses.





US Politics...



Venezuela Sanctions...



US Official Responding To Question On If Potential Venezuela Sanctions Could Include Barring Oil Imports; Says ‘All Options On Table’ - RTRS





Here we go..






Replace & Repeal..





Joe Manchin is organizing a bipartisan group of senators , who are former governors , to discuss possible bipartisan action on healthcare.







More on the US Senate vote to take up Obamacare repeal next week




US senate's McConnell says senate will vote on repeal of Obamacare early next week




Healthcare stocks will crap the bed once the markets grasps magnitude of "shitte storm" of confusion to be uncorked.







Proposal to repeal Obamacare without replacement looks DOA


Senate Republicans lack votes for straight Obamacare repeal -- BBG





"Latest McConnell healthcare plan is political suicide"





CAPITO: "I cannot vote to repeal Obamacare without a replacement" COLLINS: "I will vote no on the motion to proceed..without a replacement"




  

5 hours ago

Replying to 
VP Pence says he and Pres. Trump "fully support" Sen. McConnell's plan to vote on Obamacare repeal with a 2-year transition period.




Capito is a wrecking ball...






JUST IN: Trump proposes letting ObamaCare fail after GOP healthcare bill dies







Russia & Russia Probes...





Trump spoke with Putin for an hour during undisclosed talk at G-20 dinner: reports






Trump, Putin Held A Second, Undisclosed Meeting At G20 Summit In Germany -White House Official






BREAKING: Lawyer says eighth person at 2016 Trump Jr. meeting with Russian attorney was Ike Kaveladze





.: Mueller has given the green light for Trump Jr. and Paul Manafort to testify publicly before the Senate Judiciary Committee.





Special Counsel investigators want to hear from an 8th person at Trump Jr.'s Russia meeting, person's lawyer says








Is Rinat Akhmetshin playing the media ? “I think I just have a talent for media,” Akhmetshin told lawyers in a 2012 deposition.










Iran....





US sanctions against Iran press release , with groups and individuals sanctioned by Treasury listed.






U.S. IMPOSES NEW SANCTIONS ON . 18 INDIVIDUALS/GROUPS OVER BALLISTIC MISSILE PROGRAMS & OTHER NON-NUCLEAR BEHAVIOR: AP.







Trump keeps Iran deal, but threatens more sanctions: US officials







Europe....




Greece...





GREEK BOND SALE IS SAID TO BE DELAYED BY IMF LOAN REQUIREMENTS





Greek Police clash with migrants at overcrowded Moria camp on Lesvos for second time in a week.



Mayor calls for end to 'lawlessness' in Athens after vandalism spree on central shopping street by anarchists.



Bond issue is shelved for now





Gov't spokesman says bond issue will come when Greece 'fully prepared'





UK....





Labour member goes on hunger strike to force party to stand candidates in Northern Ireland







Labour granted emergency Commons debate on tuition fees tomorrow






Electoral Commission 'troubled' by reports of double-voting






Government is ‘struggling’ to spend foreign aid budget in calendar year - report






Irish minister decries 'lack of UK leadership' over Brexit:





Italy....




Italy temporary visa plan is doa , when you realize what it would require.







Italy FinMin Padoan: EU Govts Still Disagree On Bank Risk Sharing, Reduction





Let's see if Italy actually does this , rather than make threats.







According to new rules, NGO ships will have to go back to ports to offload migrants = less rescues?








Cleanup continues. UniCredit frees itself from €17.7bn bad loans, reaches an agreement for sale.






Germany.....





Daimler Announces Voluntary Recall Of 3 Mln Diesel Vehicles In Europe - RTRS






Merkel: No, we’re not putting a limit on new refugees






Outcry after Turkish court orders German human rights activist to be kept in custody







Bavaria introduces new pollution rules to try and save diesel cars






Syria....




A dozen Turkey-backed Syrian rebels have been killed in clashes with US-backed SDF forces. Just what northern Syria needs.






Updated Control & Influence 18 July 2017 by Shows % of Gains & Losses in the last 30 Days HD:








Coalition position - No pause in Raqqa Offensive , but SDF working to adjust tactics , adapting to fight.








Good map showing surge toward Deir Ezzor...











NEW MAP: Military situation in , + Gov.: forces continue their advance+liberated more areas from .






Venezuela....






Venezuela is #3 supplier of foreign oil to US and officials not ruling out barring oil imports: "all options are on the table."








U.S. prepares to sanction Venezuela officials, Maduro defies threat








Venezuela defies President Trump, says vote for constitution body going ahead








RESPONSE TO THE ERRATIC STATEMENT ISSUED BY THE GOVERNMENT OF THE UNITED STATES AGAINST VENEZUELA







BREAKING: Venezuela opposition calls for 24-hour national strike against President Maduro on Thursday







Some members of Venezuela's opposition think more should be done than holding a national strike







Maduro defends the Bolivarian process from interference by Western capitals - lashing out at criticism from Rajoy & Mogherini.








Odds & Ends...




Vodafone Qatar says its engineers are working thru night to ensure that the network was "reliably restored", services impacted since Monday.








Jimi Hendrix playing guitar while stationed in Kentucky with the 101st Airborne, 1962






Iran’s Parliament Designates US Forces, Spies as Terrorist Backers






The Saudi-led blockade on Qatar isn't going well



Translation-North Korea has range to hit the US , but neither US nor N.K will have a clue where the missiles may go.






Opinion: Empty US threats over North Korea are serving China’s interests





Prime Minister Erdogan engaging in shuttle diplomacy , visiting KSA , Kuwait and Qatar on 7/23 and 7/24.















Panic selling over feared network split , replaced by panic buying now that split seems to be avoided ?







Indian note ban: Nepalis could lose their savings













is repaying half a billion dollars to for its electricity debts