Thursday, September 14, 2017

Economic News , Data & Views.....September 14 , 2017.....Quick Hits For Thursday -1) Markets : Europe - Mixed Markets For Stocks ( UK & Germany Down Today While Spain & Italy End In The Green , Key News Impacting Markets Today) ; US- Stock Inexes Here Mixed As Well - Dow Ends Higher While S&P And Nasdaq Ends Lower , Oil Continues Recent Strength Ending Close To $50 , Gold Bounces A Bit , US Treasuries Tred Water Today ; Asia - Economic Calendar For Friday , Market Moving News And Data , North Korea Updates. 2) US Politics - Swampland Items , Russia/Mueller Probe Items , Hurricane Related Items , Mexico / Border Wall / DACA & DREAMERS & More. 3) Europe Highlights : Spain - Another Of Incredible Tensions & Confusion Surrounding October Catalan Independence Referendum ; UK - Exit Talks , Domestic Politics In Focus ; Greece - News De Jour. 4) Odds & Ends - Syria , Libya , Gulf Rift , Kurdistan + Iraq & More !


Markets......


Europe.....



's banking index drops almost 6% despite Greek bank reliance on ELA falls to €30.8bn in August.





Shares of Swiss National Bank (SNB) keep rallying. Closed at a fresh lifetime high amid a baby step toward MonPol normalization.




This chart shows that is more active in markets than its headline QE purchases indicate as it reinvests maturing bonds. (via Jefferies)




STERLING HITS $1.34 FOR FIRST TIME IN OVER A YEAR



*DUTCH STATE TO SELL 7% STAKE IN ABN AMRO VIA PLACING



FRANCE'S CAC 40 UP 0.2 PCT, GERMANY'S DAX DOWN 0.1 PCT, SPAIN'S IBEX DOWN 0.2 PCT




US.....



NASDAQ UNOFFICIALLY CLOSES DOWN 31.19 POINTS, OR 0.48 PERCENT, AT 6,429.00



S&P 500 UNOFFICIALLY CLOSES DOWN 2.60 POINTS, OR 0.10 PERCENT, AT 2,495.77



DOW JONES UNOFFICIALLY CLOSES UP 47.92 POINTS, OR 0.22 PERCENT, AT 22,206.10



TRUMP ON FED CHAIR YELLEN: SAID HE RESPECTS YELLEN, SAYS "THE STOCK MARKET IS DOING VERY WELL"



U.S. CRUDE OIL FUTURES SETTLE AT $49.89/BBL, UP 59 CENTS, 1.20 PCT



AT LEAST 2 CANADIAN OIL SUPPLIERS NO LONGER ALLOWED TO TRADE DIRECTLY WITH CITGO FOLLOWING U.S. SANCTIONS -SOURCES



EXCLUSIVE-BANKS, CRUDE SUPPLIERS RELUCTANT TO EXTEND CREDIT TO CITGO FOLLOWING U.S. SANCTIONS ON VENEZUELA -SOURCES



Asia....


Calendar For Friday pertaining to Asia !



Initial estimates of ballistic missile launch places splashdown roughly 2000km downrange. Sounds like a similar profile to last




BREAKING: North Korea fired missile over Hokkaido at 7:06 a.m. that splashed down in Pacific about 2,000 km east of Cape Erimo at 7:16 a.m.




BREAKING



OK Coin and Huobi to meet with China Regulators Friday. Lee says Bitcoin Exchange suspensions a good thing. Book it.


Bitcoin down 13.73% at coindesk bpi.A chilly 531 point cliff dive today.



North Korean workers returning home from China , as contracts aren't being renewed by Employers.





US Politics....



If true , shocking. Wonder why this is being put out there now though ?







Non-Existent Foundation for Russian Hacking Charge Sent to Mueller, Rosenstein+House/Senate Judiciary/Intel Comms






Trump says he has "total confidence" in Mnuchin. Says he has 'confidence' in Cohn.





Replying to 
Update: Texas Gov. Greg Abbott says the state expects to seek more than $50B in federal housing funding post Harvey.




Power outage percentage From Dan Noah at the NWS in Ruskin.






I Will testify voluntarily for the House Intell committee Sept 26th . Time to clear the air on the Russian collusion delusional





JUST IN: President Trump tweets he spoke to president of Mexico to give condolences after deadly earthquake




Trump says he plans to visit China, Japan, South Korea in November




TRUMP: IRMA, HARVEY HAVEN'T CHANGED HIS MIND ON CLIMATE CHANGE




TRUMP TELLS REPORTERS HE WILL INSIST ON WALL AT SOUTHERN BORDER AS PART OF IMMIGRATION DEAL: "THEY CAN'T OBSTRUCT THE WALL"



U.S. TREAS SAYS SANCTIONS 11 ENTITIES & INDVIDUALS FOR ENGAGING IN SUPPORT OF DESIGNATED IRANIAN ACTORS OR MALICIOUS CYBER-ENABLED ACTIVITY





Europe....



Spain.....




Catalonia launches referendum campaign






1 hour ago
At least two injured by riot police in Murcia AVE train protest, witnesses report.
 




So now we have a "referendum campaign" for a suspended vote. Separatist parties will treat this as a normal thing for the next two weeks.




Jean-Claude Juncker: I would respect Catalonia 'yes' vote





Replying to 
LATEST: Third clarification from Juncker's office on Catalonia: "referendum outcome can only be accepted" if vote is constitutional.





LATEST: 4th clarification from Juncker's office on Catalonia. Their original French transcription. "If [a [legal] vote] were to happen…"





So far, the only information about the Barcelona deal for October 1 is the tweet from Colau.



Replying to 
Situation with delayed weapons for Mossos still not resolved even after August terror attacks in Catalonia, says regional government.






Catalonia to launch campaign for independence referendum




UK....




May will have to listen to lawmakers who oppose her Brexit legislation, minister says





“A Rabbit is Not a Cute Pet” Venezuelan Government Tells Starving Citizens










BMW calls Brexit a "very uncomfortable scenario" amid concerns over tariffs






I think he's going to be proven correct.






This really isn't news , as UK simply can't make trade deals with other countries presently.



Carney is caught in a rate decision dilemma with U.K. inflation on the rise again




That wasn't the sort of innovation I was suggesting....







The question of Brexit and the “Norway model” hasn’t gone away






New podcast! Behind the scenes covering Brexit and Trump - and now free to say what he really thinks about both.




UK's May stressed importance of Iran nuclear deal to Tillerson: spokesman




Greece.....



Air arrivals rise 9.3 pct in year to end-August




IMF is set on asset quality review for banks




ELA dependence dropped 11 percent in August




Trainose sale to Ferrovie dello Stato Italiane is sealed





Budget fears as revenues slump




Odds & Ends...



Venezuela....



While this reads like a piece from The Onion , this is a true story.




Syria.....




Replying to 
Captured by Syrian Army locations from ISIS.
 






MAP.SAA captured fron north axis,Nishan gas station+water pumping station, secured Thardah mountain range from E &S






Syrian Democratic Forces fully captured al-Husayniyah. ISIS is now besieged by SAA and SDF in a new pocket Map:






Syrian Arab Army captured Bughayliyah, Ayyash Storage Terrain, Saiqa Camp and Camel Corps Army Base Map:




Global Hurricane Data Over Past 50 Years




Something to keep in mind.





Libya....











National Council on U.S-Libya Relations Completes First Assessment Mission to Eastern ... -













Gulf Rift...



President Trump expected to meet w/ Qatar's Emir Tamim in NY next week (also Jordan's King Abdullah & Mahmoud Abbas)




Emir, Erdogan stress on dialogue to solve Gulf crisis





Al-Murrah: has to ‘quickly and openly’ resolve the issue of revoked citizenships





Qatar has injected a sizable sum to hold off the effects of the Gulf blockade...




The head of al-Murrah tribe , Sheikh Taleb bin Lahom bin Shreim , said Wednesday that Doha revoked his citizenship along w/ 54 relatives.





Kurdistan / Iraq.....




37 killed and 90 wounded in double suicide attacks (restaurant and check point) in Nasera, Thi-Qar, south of .





US allegedly speaking for all nations part of the global coalition fighting - says now is not the time.






Despite threats from Turkey , Baghdad & delay calls from the US - Kurdistan still determined to go forward on September 25th with the vote.





Turkey threatens Kurdistan regarding its Referendum




PM Abadi asks Iraqi parliament to vote to remove Kirkuk Governor Najmaldin Karim from his post: parliament speaker's media office