Monday, September 18, 2017

Economic News , Data & Views ...September 18 , 2017...Quick Hits For Monday -1) Markets : US - US Ends In The Green For Dow / Nasdaq / S&P - Dow Has Strongest Day , Market Moving News To Ponder ; Europe Markets - Also Green On The Day For Major Markets , Additional Items To Consider ; Asia - Economic Calendar For Tuesday , Market Moving News & Data. 2) US Political Round Up : Replace & Repeal Given One Last Shot In Senate ; UNGA - POTUS Addresses UN Today ; Afghanistan To Receive More Than 3,000 Troops ; Swampland News ; North Korea Items : And More. 3) Europe In Focus : UK Domestic Politics & Brexit Related Matters ; Spain - Catalonia Region's Independence Drive And Fierce Central Gov't Resistance Dominates News From Spain ; Greece - Economic And Political News De Jour. 4) Odds & Ends - Hurricane Maria Barrels through Atlantic Toward Dominica , North Korea Related News Today , Kurdistan Referendum Updates , Syria News De Jour.



Markets.....


Asia....



Asia calendar For Tuesday ....




2-week SHIBOR near YTD high, another 2bps higher will be the highest level since 2015 April... Qtr-end pressure?



Replying to 
China Aug First Home Mortgage rate 5.12%, +8 mths in a row, +15.35% fr 4.44% YoY. Beijing raises mortgage rate 6 times or halts mortgage biz




From tomorrow till Oct.18 Nat'l Congress, strict monitor internet social media ...




Australia Q2 House Price Index 1.9pct q/q (est 1.3pct, prev 2.2pct) Australia Q2 House Price Index 10.2pct y/y (est 9.2pct, prev 10.2pct)



Japan Finmin Aso: Would Have To Maintain Fiscal Discipline If Govt Changes Use Of Sales Tax Revenue



New Zealand Q3 Westpac Consumer Confidence 112.4 (prev 113.4)





US.....



Equifax Said To Suffer Hack Earlier Than Date Of Disclosure



*TOYS `R' US IS SAID TO PLAN BANKRUPTCY FILING AS SOON AS TODAY




Around the horn....




DOW JONES UNOFFICIALLY CLOSES UP 63.31 POINTS, OR 0.28 PERCENT, AT 22,331.65



NASDAQ UNOFFICIALLY CLOSES UP 5.20 POINTS, OR 0.08 PERCENT, AT 6,453.67



S&P 500 UNOFFICIALLY CLOSES UP 3.53 POINTS, OR 0.14 PERCENT, AT 2,503.76



US Total Net TIC Flows (USD) Jul: -7.3B (prev R 5.9B) -Net Long-Term TIC Flows (USD) Jul: 1.3B (prev 34.4B)



WTI Futures Settle At $49.91/Bbl, Up $0.02




Europe....



European stocks have a green Monday !




FRANCE'S CAC 40 UP 0.3 PCT, GERMANY'S DAX UP 0.4 PCT, SPAIN'S IBEX UP 0.2 PCT




Another slap for Juncker: His idea of expansion to all EU members has been criticized by >3/4 of economists.




US Politics....


Very interesting...






Whoa !!!!!!!





Mueller told Manafort to expect an indictment, per LaFraniere,



Schumer threatens to jam up Senate to block GOP ObamaCare repeal bill





McCain rips his own party for trying to quickly pass ObamaCare repeal bill





Rand Paul: I'm afraid that the new ObamaCare repeal bill will pass





US to send 3,000 more troops to Afghanistan






Pelosi gets shouted down by DACA protestors at press conference







1 hour ago
NEW: Dems fear that Trump is the only winner in Sanders and Clinton's bitter feud






Clinton: I'm open to challenging the legitimacy of the election





1 hour ago
Certainly , that's a lot of drills...




Wonder if Seoul agrees with this ?




Conflict with NK heading to two options - escalated confrontation with China or military action.





Trump at UNGA....







Pres.Trump, the SG & 128 other countries pledged support for reforming the UN to be more effective, efficient &transparent




North Korea , Syria , Venezuela and Iran will be topics of POTUS message at UNGA.






Europe....


UK...




1 hour ago
UK PM May Calls Special Brexit Cabinet Meeting Reports Times





1 hour ago
The story on the front page of tomorrow's papers >>







May not moved by CETA + option...




Another departure....










Spain



SPANISH FOREIGN MINISTRY SAYS HAS ASKED AMBASSADOR TO LEAVE SPAIN BY END OF MONTH: TWITTER




Looks like Spain's Central Gov't plans to control finances for sometime...





Spain warns Catalonia faces "brutal" impoverishment if it leaves






El País reports Spanish Socialist Party (PSOE) no longer averse to suspending home rule in Catalonia.






Greece....




Hellas Gold calls for issue of Skouries mine licenses




Greece EU laggard in e-payments despite big acceleration in 2016





Bid to clean up Greek tanker oil spillage is beset by problems





Tsipras calls on ministers to speed up reforms





PM tells minister must complete most pending bailout reforms by November





Odds & Ends....



Bitcoin...




back >$4k despite widens bitcoin crackdown beyond commercial trading.





Bitcoin reg actions may include not just shutting down domestic Exchanges-but blocking access to foreign Exchanges.





CHINA IS SAID TO WIDEN BITCOIN BANS BEYOND COMMERCIAL TRADE:WSJ




Hurricane Maria,,,,



A Hurricane Warning is in effect for Guadeloupe, Dominica, St. Kitts, Nevis , Montserrat, U.V. I, B.V.I, Puerto Rico, Culebra and Vieques.
 




Maria Becomes a Potentially Catastrophic Category 5 Hurricane - as of the time of this tweet , 5 miles SE of Dominica , moving at 9mph.






Eyewall moving over Dominica....








1 hour ago
Oh






7 PM AST position update for : Eye of dangerous Hurricane nearing Dominica.




model trends today are more encouraging for the Carolinas. Most of the GFS/Euro ensemble members show it out to sea. Far from a lock!







1 hour ago
6 PM AST position update for Maria: Eye of dangerous Hurricane approaching Dominica.





becomes an extremely dangerous category 4 hurricane. Here are the 5 PM EDT key messages.







In past hour, eye of has begun to clear & warm. Intensification continues rapidly. Not good at all. It's T-time





Here are the 11 am EDT key messages regarding and .






Replying to 
Since 1851, just one hurricane has made landfall in Dominica at Cat 3+: David (1979, Cat 4). Maria is on track to be the second.



Expecting NHC to upgrade into a Category 3 major hurricane in a few minutes.






Recon just found 104kt (120mph) and 111kt (128mph; suspect) surface winds in . Will see if NHC upgrades to major hurricane shortly





A warm spot popping thru the central dense overcast (CDO) of powerful nearing major status this morning. Eye is visible.





Replying to 
Persistence, low-wind shear, good ocean heat content all point toward to quickly developing a clear eye.






Replying to 
Track of eye expected to pass over or very near Puerto Rico as a strong Category 4 storm (120-knots)




North Korea...




In essence-Cheong Wa Dae on Monday urged South Korean media outlets not to take Trump remarks at face value or give them much value at all.




“We must be ready to confront any consequences and any eventualities, including military options, to address (North Korea’s threat.)”





Front page from Korean Herald notes NK nuclear crisis...








Kurdistan...




Neither Iraq , Western interested parties or UN will meet requirements of Kurdistan -imo.



Global pressure grows on to postpone referendum vote 🗳





: Kurdistan’s FM meets with Turkish Foreign Minister in New York, United States.










Iraq’s PM says ’s independence referendum invalidates the Iraqi constitution, territorial integrity and sovereignty.





Seoul plans to decide Thursday whether to provide US$8 million in aid for infants and pregnant women in NK through U.N. organizations.





Iraqi Prime Minister named President Masoud Barzani and parliamentary speaker of as defendants in the case.





The Iraqi Supreme Court has now stepped into the Kurdistan Referendum quagmire......and ordered it suspended.






Iraq PM has finally showed his hand - despite the promises made to the Kurds over the years , they will never be allowed to leave.





Syria.....



Replying to  
: Russia DefMin said "shock troops" had already captured several villages on river's eastern banks from IS & were pushing further east




Replying to  
"Today, Syria govt forces, reinforced by unit of 4th Armoured Division & with support of Russian aviation, crossed Euphrates." - RusDefMin




: Regime forces have crossed from western bank of Euphrates to eastern bank today, Russian defence ministry & SOHR both say - via




East Hama pocket melting away...





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