Wednesday, July 5, 2017

Economic News , Data & Views....July 5 , 2017.....Quick Hits For Wednesday -1) Markets : Asia - Economic Calendar And Market Moving Data & News ; US - Mixed Markets For Stocks - Nasdaq Performed Best But Not All Tech Stock Names Were Winners Today , Oil Hit Hard Today But API Inventory Report Shows Big Draw , Treasuries Yields Rise Sharply Today. 2) North Korea Nuclear Standoff Escalates After ICBM Test By North Korea. 3) US Political Round Up : Illinois Budget Drama Coming To A Head As House Set to Vote On Override Of Governor's Veto Thursday ; CNN GIF Overreaction , Statement By CNN On GIF "Tempest In Teapot" ; POTUS Trip To Poland ; 45 States Refuse To Send Voter Data To Trump Commission ; Additional Items Of Note. 4) Gulf Rift Updates - Quartet Have Meeting On Qatar , Agree To Coordinate & Plan Next Moves. 5) Europe In Focus - Quick Hits Touching On Greece , UK , Poland & EU Concerns. 6) Odds & Ends - Libya , Syria , Venezuela , South Africa & More !



Markets...



Asia....



More Japan - BOJ 'output gap' higher for 3rd straight quarter



Japanese forecasters say GDP grew 0.5% in May



US....



Forexlive Americas FX new wrap: FOMC meeting minutes show no clear balance sheet timing



Oil - private inventory data shows big draw



US major indices end the day with mixed gains but some stocks got hammered


North Korea Situation...




*U.S. WILL GO ITS `OWN PATH' IF NEEDED ON - HALEY: BBG





Russia looks set to block sanctions on N.K , China opposed to military action.






China at UN says military means 'not an option' on North Korea



WHITE HOUSE SAYS EXPLORING NEXT STEPS ON , "NEVER GOING TO BROADCAST" THEM: RTRS




Here we go !!!




So , is US going to finally sanction China ? This is the only real question regarding sanctions.




Replying to 
US Ambassador to UN: 'USA seek to avoid conflict.... USA preparing full range of military force & will use it against NK if needs must





Replying to 
New proposed UN resolution on North Korea policy in coming days





US Politics ...




. & are wheels down in Warsaw, Poland on the 1st stop of his 2nd foreign trip.






States rejecting request for voter info from Trump Commission now close to the whole country







Trump admin authorizes strikes on Iranian-backed forces



But, hey, Illinois has halted its road construction projects because of the budget impasse. So, that should help...





Madigan confirms override votes will happen Thursday.






Illinois Governor Bruce Rainer set to hammer House Speaker Madigan and the tax hike...






CNN statement on story









59 of 118 House lawmakers in attendance. Not enough to do anything.





Readout of today's call between Presidents Trump and Sisi. Subjects include Gulf Rift , fighting terror & N.K.








Looks like Secret Service taking Kathy Griffin staged beheading threat to POTUS extremely seriously.....







CNN facing backlash for threat to reveal identity of Trump "wrestling" CNN creator








Gulf Rift....




Both sides squared off and dug into their respective positions..






Quartet don't appear to be in a rush to take actions...





Discussion of upcoming measures and implementation thereof set to continue. No new sanctions announced today.





Foreign Minister says hopes remains neutral. (Reuters)




BREAKING: Qatar boycott to remain until Arab states’ demands met – Saudi FM




BREAKING: Four Arab nations seeking to isolate Qatar say Doha's response to their demands to end crisis was 'not serious.'




Pakistan's Army seen as blazing its own path moving forward , as it looks to heal old wounds and divisions.




Europe....





Greece





Hoteliers to discuss overtaxation with PM






ESM tells gov’t to do its homework by Friday







Eurozone delays Greece bailout payment amid legal row





UK......







Replying to 
Thread on long Eurosceptic pedigree of EEA and EFTA transition as Brexit route







Transitional phase in EEA should have significant amount of Leave and ex-Remain support. (First proposed by Leavers as real world route out)









LISTEN: Queen's Speech turmoil, DUP pact, & secrets of parliamentary reporting in our LATEST podcast:






Specialist magnet manufacturer Tesla Engineering set to create 100 jobs with major expansion in West Sussex






No one who has visited Europe recently believes the EU claims of growth - things are very tough









Poland...




Pres and Mrs Trump descend steps of Air Force One to begin visit to Poland.







Trump expects warm welcome in Poland at start of second Europe trip






Also Thursday, Pres Trump addresses the people of Poland from historic Krasiński Square, epicenter of the 1944 uprising against the Nazis.







EU....




EXCLUSIVE-EU ANTITRUST REGULATORS CONSIDERING ANOTHER RECORD FINE AGAINST GOOGLE IN ANDROID CASE - SOURCE




EU, Japan reach 'political agreement' on trade deal: Commission






Odds & Ends...




Libya...





Breaking || Field Marshall Khalifa Hiftar announces the liberation of the City of










Looks like very set of clashes at Mitiga Airport are wrapped up - for now.








Syria...





New alliances forming , old alliances crumbling...






Russia uses its most advanced Kh-101 missiles to strike ISIS targets in Syria






Turkey warns it's itching for War !





: Russia says no final deal inked on details of Syria safe zones - via






Replying to  
: Russian delegation head Alexander Lavrentiev says mechanisms "need finalising" despite being "essentially agreed" - via







KURDISH YPG SAYS WILL RESPOND TO ANY TURKISH AGGRESSION IN NW SYRIA, SAYS CLASHES COULD ERUPT "IN THE COMING DAYS"





SYRIAN KURDISH YPG SAYS TURKISH MILITARY PREPARATIONS IN NORTHWESTERN SYRIA AMOUNT TO "A DECLARATION OF WAR"-RTRS





Venezuela...






This is pretty nuts...










State Dept condemns Maduro supporter-led assault in Venezuela's National Assembly today






Sooner or later , Maduro is going to get the bum's rush out of office and to prison for many years....










Regime Change Wednesday...





Regime change Wednesday at WSJ - no explanation naturally as to how that occurs with massive loss of lives !







South Africa...




SOUTH AFRICA'S PRESIDENT ZUMA SAYS WHERE IT IS NECESSARY AND UNAVOIDABLE LAND REFORM MAY INCLUDE EXPROPRIATION WITHOUT COMPENSATION