Thursday, August 31, 2017

Economic News , Data & views......August 31 , 2017....Quick hits for Thursday -1) Markets : Asia - Economic Calendar For Friday , Market Moving News & Data ; US - Stocks End Month On Positive Note , Major Indexes ( US & Europe Survive Turmoil Of August To End In The Green For August ) , Oil Patch News. 2) Tropical Storm Harvey Updates For Thursday. 3 Hurricane Irma Barreling Toward US - Now A Major Storm. 4) ) US Political Round Up - Non Hurricane Related News For Today. 5) Europe Financial News For Thursday. 6) Odds & Ends !


Markets....



Calendar for Friday....





BoJ: Reserve Balance Stands At JPY 322.3 Tln (prev JPY 322.4 Tln) BoJ: Current Account Balance Stands At JPY 363.5 Tln (prev JPY 363.6 Tln)



New Zealand Terms of Trade Index (Q/Q) Q2: 1.5% (est 3.0% ; prev 5.10%)




US.....




We're getting close to Dow 22K again




Market Performance For August - US & Europe Major Indices...






WTI Futures Settle At $47.23/Bbl, Up $1.27




Employment report for US due Friday - Preview...




This !




*COLONIAL SHUTTING DOWN ANOTHER PIPELINE TODAY, ELAINE DUKE SAYS: BBG.




Tropical Storm Harvey Updates....




VP decided to do an impromptu meet-and-greet with 18 people waving to him near Victoria, TX airport.




*TRUMP PLEDGING $1 MILLION TO DISASTER AID: BBG




Sweat dripped off Pence's face as he helped Texas's Greg Abbott haul tree debris, both in blue work gloves. No coastal breeze, roasting hot.







As of this morning crews have rescued over 9,000 people & more than 1,000 pets total since hit. Rescue missions continue.




200k customers in Texas with no electricity, 11k in Louisiana, acting Homeland Security chief Elaine Duke told press.




RESCUE CALLS: 900 calls for rescue per hour still rolling in, per Elaine Duke; fewer in Houston, more in Beaumont, Port Arthur, Orange, TX.




Trump and 1st Lady will return to Texas Saturday, VP Pence told press on AF2 en route to Corpus Christi. Destination announced later today.



Rick Perry: 30% of production at Texas refineries off line. "I don't know how long it's going to take to get those back on," told us on AF2.




500k barrels released from strategic reserve by US Gov't...





Something to keep an eye on..





Hurricane Irma....





1 hour ago
has become the second major of the 2017-2018 season.





Hurricane Advisory 6: Irma Becomes a Category 3 Hurricane Over the Eastern Atlantic.




Advisory 5 out for Irma.






US Political Round Up....




MEXICAN ECONOMY MINISTER SAYS WOULD CONTINUE TO EXIST BETWEEN MEXICO AND CANADA IF UNITED STATES PULLS OUT OF THE TREATY




TRUMP, TRUDEAU BOTH STRESSED HOPE TO REACH AN AGREEMENT IN NAFTA RENEGOTIATION BY YEAR END -WHITE HOUSE




Interesting....





SANDERS SAYS FINAL DECISION ON NOT MADE YET. CONTRARY TO REPORTS OF FRIDAY ANNOUNCEMENT: WH PRESS BRIEF




TRUMP'S ANNOUNCEMENT ON ENDING PROGRAM COULD COME AS EARLY AS FRIDAY - SENIOR OFFICIAL: RTRS




Guess we wait and see exactly how they choose to respond -clearly a response is coming.




This naturally will result in further tit for tat countersanctions.




Mattis & DefMin Yoon reportedly discuss redeployment of tac nukes and nuke subs among other issues, according to YTN




Europe Financial News....




Employment subsidy proposal gets nod from European Parliament





| ...but the FT said ...






EZ 'flash' inflation estimate rises to 1.5pct in Aug. Implications for ECB meeting next week. Reaction here









French Pres. Macron: Only EU’s Barnier Has EU Mandate To Negotiate Brexit - RTRS




French Pres. Macron: Dismisses False Information Circulating In UK Press - RTRS




Dutch PM Rutte: Concerned By The Pace Of The Brexit Negotiations - RTRS





FRANCE'S CAC 40 UP 0.70 PCT, GERMANY'S DAX UP 0.60 PCT, SPAIN'S IBEX UP 0.59PCT





Nomura changes call. Expects slower QE tapering b/c of Euro strength. Thinks asset purchases to wound down over 9months of 2018, not 6




What ???





EU OFFICIAL: WE DIDN'T DISCUSS BREXIT TRANSITION COSTS



Catalan government + police: - admit Rambla warning - claim unnamed non-CIA source - attack newspaper editor





LATEST: Now Catalan police chief refuses to reveal HIS sources for Rambla alert(s) before attack, but insists not CIA or NCTC.




David Davis: It's complicated. We've made a lot of progress. Michel Barnier: It's complicated. We've made zero progress.




I am beginning to wonder whether Barnier and Davis are actually attending the same talks. (via )





| *FRENCH PM SAYS DECREES TO IMPLEMENT REFORMS PRESENTED ON SEP.22 - BBG





Odds & Ends....



Syria....





1 hour ago
East / : free Maksar al Janūbī, Al Qasţal ash Shamālī + Al Qasţal al-Wastani from v





: / / free Al-Safa mosque + Kh. Bin Alwaleed School in Dar'iyhah + al Rahma Mosque + O. bin Nafe School in Moroor v ANHA





- : take Mount Bishri + Harbisha from v






Mount Bishri map. 40km to besieged Deir Ezzor, 35km to Ash Sholah






Libya....














1 hour ago
Congolese FM Gasuco: vunerable to partition, urgent action is needed




Brother of Manchester bomber Salman Abedi to be tried in





Gulf Rift.....



Haphazard nature of blockade poses challenge for diplomacy





Foreign Minister Says: Siege Countries Put the at Risk





Replying to 
We're in Day 87 of dispute. Trump will meet Kuwait Emir on 7th, wants diplomatic resolution,but all signals from region say otherwise





Replying to 
Before leaving to Washington today, Emir spoke with Saudi, Bahrain, Egypt, leaders. Kuwait is the mediator in Doha dispute.





dispute Update: •Kuwait Emir travels to US •Lavrov visited Doha •UAE: crisis will drag •Qatar opposition group plans UK conference




emir announces state visit to Washington, talks with