Look at this move in the yuan , really strengthened a lot since yesterday !
PBoC Open Market Ops: -PBoC To Inject CNY 50 Bln Via 7 Day Reverse Repos -PBoC To Inject CNY 40 Bln Via 14 Day Reverse Repos
Japanese PPI (Y/Y) Jul: 2.6% (exp 2.4%; prev 2.1%; rev prev 2.2%) -PPI (M/M) Jul: 0.3% (exp 0.2%; prev 0.0%; rev prev 0.1%)
Japanese Machinery Orders (M/M) Jul: -1.9% (exp 3.7%; prev -3.6%) -Machinery Orders (Y/Y)Jul: -5.2% (exp -1.0%; prev 0.6%)
New Zealand Card Spending Retail (M/M) Jul: -0.5% (exp 0.3%; prev 0.0%) -Card Spending Total (M/M) Jul: -0.7% (prev 0.1%)
RBNZ’s Wheeler: One Of The Risks Around Global Outlook Is That Markets Assume Central Banks Will Remain Accommodative For A Long Period
RBNZ decision and statement - analyst responses coming in
RBNZ leave cash rate unchanged (as expected)
Economic data due from Asia today (RBNZ up first, due at 2100GMT)
North Kore threatens to fire four missiles toward Guam
North Korea: Their Hwasong-12 Rockets To Be Launched Will Land 30 To 40 Km Away From Guam -KCNA
KCNA: Hwasong12 will go above Shimane, Hiroshima & Koichi Pref, fly 3 356.7 km for 1 065 sec and hit the waters 30 to 40 km away from Guam.
It would be a coercive demonstration—not a test. This is a coercive threat to halt B-1 flights. Reflects DPRK perception of Minuteman tests.
If they salvo test four HS-12s like they claim in KCNA, I don't imagine interception would be at all feasible.
Politically impossible for NK not to respond to bellicose statements from US , with their own bellicose statements.
Predictably, NK fires back at comments from Trump Administration speakers...
US stocks end with modest losses (it could have been worse)
Forexlive Americas FX news wrap: Gold up. Flight into CHF, but NY session mellow
US crude oil futures settle at $49.56
Crude: -6.451MM Gasoline: +3.42MM Distillates: -1.73MM Cushing: +569K Production: -7K
some foreboding theme music.....
Sec of Defense Mattis on N Korea:US-allies have the demonstrated capabilities & unquestionable commitment to defend themselves from attack
Polling on NK..
Window for non military solution ( from NK pov) , depends on US eliminating threats and hostile policy to DPRK.
Clear statement from DoD Mattis & redline -today's threat is end & destruction of Regime if NK doesn't cut the crap.
Director of US Missile Defense: “We absolutely believe that the currently deployed ballistic missile defense system can meet today’s threat”
MATTIS WARNS N. KOREA TO STAND DOWN ON PURSUIT OF NUKES
Tillerson: US has a "very active, ongoing" behind the scenes diplomatic effort re: North Korea & telephone lines are open to China, Russia
This is a train-wreck from Tillerson.
US slaps new sanctions on Venezuela https://cna.asia/2hLsH62
US oil industry pushes back on sanctions against Venezuela -
Venezuela sanctions imposed by US hit Chavez brother , seven other individuals.
Treasury sanctions 8 individuals involved in Venezuela’s illegitimate Constituent Assembly: https://www.treasury.gov/press-center/press-releases/Pages/sm0145.aspx …
Some video of Chief of Staff John Kelly's speech to the White House staff on Friday.
"You know who’s not golfing? Bob Mueller, that’s who," a GOP operative texts me.
Trump responds to GOP leader McConnell's comment earlier this week. AM tweet from close aide Dan Scavino was good hint on Trump's thinking.
Trump favors bypassing the FTC's acting Republican leader in favor of an outside candidate. https://www.bloomberg.com/news/articles/2017-08-09/trump-favors-joseph-simons-to-lead-ftc …
Tens of thousands of pages being sorted by Judiciary staffers:
(AP) _ Trump Jr. has turned over 250 pages of records to a Senate panel investigating Russian interference in the 2016 presidential election
WSJ coming for Bannon , blame his warring habits for WH dysfunction..
Whoa ! FBI raided Manafort's house a couple of weeks ago and this just finding it's way into the news today ?
More details on Manafort raid and seizure of documents..
"The documents included materials Manafort had already provided to Congress," Post reports.
Christopher Sign follows up on the Tarmac Meeting controversy...
Chris Grayling: Jeremy Corbyn's promises will 'melt like ice cream' under scrutiny: http://bit.ly/2vEEY1L
ICYMI Union leader challenges Jeremy Corbyn over 'fallacious' migrant claims - http://bit.ly/2fpfnUg
David Davis responds to criticism of male-dominated Brexit negotiating team
Ruth Davidson tells Tories to reconsider tens of thousands migration target: http://bit.ly/2vi4Bmo
UK and Scottish ministers set to have Brexit devolution talks: http://bit.ly/2vMhxmW
Bank of England urges post-Brexit transition deal to protect finance sector: http://bit.ly/2fsipqP
Odds & Ends....
More reinforcement displaced 2area: planned attack continue towards Deir al-Zour despite losses (was told) #Syria.
The gathering was a prep of a huge attack (several hundreds) #SAA and allies towards Deir al-Zour front.
ISIS apparently struck a big blow with this attack...
Important read by @hxhassan on changing regional views toward the Syrian opposition.
#Libya Weapons seized Tripoli airport
Serraj in talks in Zintan with mayor and councillors - https://www.libyaherald.com/2017/08/09/serraj-in-talks-in-zintan-with-mayor-and-councillors/ …
#Libya UN-backed GNA government chief says will not allow migrants to be resettled in Libya (presumably those transiting Libya for Italy)
#Libya EU says training, but not funding, Libya coast guard
Hafter has a role to play Salamé insists in Rome - https://www.libyaherald.com/2017/08/08/hafter-has-a-role-to-play-salame-insists-in-rome/ …
Turkey - Iran - Qatar working on trade routes...
Turkey, Qatar join forces for cybersecurity
Find the latest updates on the Qatar-Gulf crisis here: http://aje.io/7cws8