Friday, September 29, 2017

Economic News , Data & Views....September 29 , 2017......Quick Hits For Friday-1) Markets - Europe - Major Indexes End Higher On Last Day of Week / Month & Quarter , Financial News Of Note From Europe ; US - Stocks Are Like The Fabled Mississippi River , They Just Keeping Rolling , Rolling Along ( Daily / Weekly / Monthly & Quarterly Data) , Interview Process For New Fed Head Underway - Trump Plans To Decide In A Few Weeks , Energy Sector News De Jour. 2) US Politics : Controversial HHS Secretary Tom Price Resigns Due To Private Jet Use On Public Dole Scandal ; Puerto Rico Restoration Updates For Friday ; State Department Messages Regarding Kurdistan ; US & SK Military Both Have Spy Planes Up In The Air Again In Asia Wary Of A NK Nuclear Test ; Additional Items Of Note. 3) Catalonia Updates - Numerous Items Of The Day In Contentious Cat & Mouse Referendum Game Between Central Gov't Of Spain And Catalonia Region. 4) Odds & Ends - Kurdistan Referendum Aftermath , Syria Items Of Note , North Korea News Of Interest , Coalition Items After Germany's Recent Election , JCOPA Items , Bitcoin/ Digital Currencies !



Markets....


Europe.......


Europe stock indexes end on positive note...daily & weekly returns and 10 yr bond yield data.




S&P affirms at BBB+; Outlook pos BUT Catalonia tensions could start to weigh on business confidence & weaken Spain's growth prospects




In case you missed it: Core inflation fell to 1.1% in Sept. Subdued Euro Area inflation reflects sizeable econ slack, Fathom says.



marches ahead w/level of unemployment down another -23K in Sep as holiday period ended. UR at post-unification low of 5.6% (via AP)




Macron Vision Runs Into EU Realpolitik as Merkel Holds Back. France risk spread remains at elevated levels.



US......



For stocks " So much winning..."





FOR THE QUARTER, THE S&P ROSE 4 PCT, THE DOW ADDED 4.9 PCT, THE NASDAQ GAINED 5.8 PCT


FOR THE MONTH, THE S&P ROSE 1.9 PCT, THE DOW ADDED 2.1 PCT, THE NASDAQ GAINED 1.05 PCT



FOR THE WEEK, THE S&P ROSE 0.67 PCT, THE DOW ADDED 0.23 PCT, THE NASDAQ GAINED 1.07 PCT


NASDAQ UNOFFICIALLY CLOSES UP 40.94 POINTS, OR 0.63 PERCENT, AT 6,494.39


S&P 500 UNOFFICIALLY CLOSES UP 8.59 POINTS, OR 0.34 PERCENT, AT 2,518.65



DOW JONES UNOFFICIALLY CLOSES UP 16.45 POINTS, OR 0.07 PERCENT, AT 22,397.65




1 hour ago
S&P 500: 226 consecutive trading days without a 3% pullback, 2nd longest run in history. 3 more weeks to tie record.





1 hour ago
At 2.8%, the maximum drawdown in the S&P 500 this year would be the 2nd lowest in history, trailing only 1995.



The S&P 500 closed at its 39th all-time high of the year today, 165th since 2013.




*TRUMP SAYS FED CHAIR DECISION COMING IN 2 TO 3 WEEKS




TRUMP & MNUCHIN INTERVIEWED FED GOV JEROME POWELL FOR FED CHAIR - WH OFFICIAL: WSJ



TRUMP IS SAID TO MEET WITH WARSH ABOUT FED CHAIR POST: WSJ





U.S. crude futures settle at $51.67/bbl. ⬆$0.11. +0.21%. _X7 volume: ~509k



Replying to 
US gasoline demand down 5kbpd y/y to 9.573mbpd, distillate +110kbpd y/y to 3.707mbpd, kerosene +8kbpd y/y to 1.728mbpd -EIA




Baker Hughes U.S. rig count 9/29: +6 w/w. 750 rigs total.



Iraq looks set to take control of checkpoints at Turkey & Iran borders. Blockade set to expand.






🔴U.S. OFFICIALS DESCRIBE "WORRYING SIGNS" OF IRAQ, IRAN, TURKISH COOP TO ENTER AUTONOMOUS REGION OF IRAQ: AP.




🔴IRAQ MILITARY PLANNING TO TAKE CONTROL OF KURDISH BORDERS BY MOVING THROUGH IRAN & TURKEY - IRAQI OFFICIALS: AP.



*PDVSA REVIEWING PLANS WITH HALLIBURTON TO INCREASE OUTPUT: BBG.




keeps pace w/ stocks in 2017.




Is there room at Fed for angry young man? Stocks hit highs, bonds fall as Trump said to meet w/Warsh about Fed chair




US Politics....



GOP budget quietly eliminates rule requiring lawmakers to wait for CBO score before voting:





"In light of recent events...we thus owe it to the taxpayer to work as hard managing that money wisely as the taxpayer must do to earn it."



Price has resigned.





Don Wright, currently a deputy assistant secretary, will serve as acting Health & Human Services secretary as at 11:59 p.m. tonight.





"Something will happen today" on Tom Price, Trump told reporters before boarding Marine One. "I'm not happy. I can tell you, I'm not happy."





Replying to 
Pres. Trump: 100s of truck drivers being taken to Puerto Rico to assist with aid distribution because truckers there are disaster victims.




Puerto Rico was "flattened" says who adds that his Admin has done an "incredible job" since there was "nothing to work with"





Mexico Warns US Is Trying to Tip the Scales of NAFTA Negotiations




Department of State says that the US does not recognize Kurdistan Regional Gov’s unilateral referendum”vote and results lack legitimacy”




Tillerson urges calm , but wheels already in motion....





Hmmmm.....





To relieve massive lines for gas Puerto Rico to allow gas stations to operate 24 hours a day despite the curfew.






Budget packet released by Senate.




Fwiw-some scale as to relief efforts made to confront a biblical scope disaster w/immense logistical problems.







  
News: Around 1/2 of Puerto Rico residents now have running water, according to federal coordinating officer at San Juan press conference




Replying to 
Official said 2 million liters of water have been delivered and 1 million meals




Replying to 
Update: 36 hospitals opened and powered, as well as 34 dialysis centers, and 90 banks, Puerto Rico’s Governor said at presser




: Cobra Ball Ballistic Missile Detection Platform has just gone up somewhere around the Korean Peninsula




Add an E7 Airborne Early Warning & Control platform to the mix. No position. 🇰🇷 Republic of Korea Air Force E7 Peace Eye 65-329 ALLIED1





U.S. INDEFINITELY HALTS ISSUING VISAS IN OVER ATTACKS ON U.S. PERSONNEL - SOURCES: AP




Catalonia.....




Catalonia update.....16
Replying to 
Google statement to us: "we remove content from our platforms when we receive a court order or when it violates our terms and conditions".



Catalonia update....15
Replying to 
Spain's Civil Guard has been holding Google employees at their office in Barcelona as court ruled on app for independence vote - CCMA




Catalonia update ....14




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Catalonia update......2






Catalonia Update......1




Odds & Ends....


Yemen....


Finally....



Syria.....




Syrian army captures key supply route in Deir Az Zor




Good work !






  
Replying to 
& Resistance forces almost repelled all attacks Clashes continue near HD MAP:




Mine clearance operations underway in Deir Ezzor City..






North Korea.....



October could be another month for potential NK provocative actions-October 10th and 18th dates have significance.




RUSSIA TELLS OFFICIAL MOSCOW PREPARED TO WORK WITH N.K. TO FIND PEACEFUL RESOLUTION TO MISSILE CRISIS - FOREIGN MINISTRY: RTRS




North Korea insists they are ready for war. ‘Tank traps’ are on the side of motorways and near the DMZ, the concrete structures have 1/2



Replying to 
Explosives at the bottom of them which in case of invasion will make the structures fall onto the road, blocking enemy tanks.




Bitcoin.......



Japan's FSA gives official endorsement to 11 cryptocurrency exchanges





South Korea bans ICOs.....






JCOPA......



THERE ARE NO GROUNDS FOR IAEA TO REQUEST MANDATORY INSPECTIONS OF 'S MILITARY FACILITIES - RUSSIAN FOREIGN MINISTRY: IFX



Opposed to a deal they barely grasp...



Germany......



Underreported: also liberal did well in German elections. Lured many Merkel-voters with platform of free markets and EU subsidarity





Greens & FDP smell opportunity !



Replying to 
FDP wants to fill the Ministry of Finance, the Ministry of Education with technology and digital as well as the Ministry of Justice. 2



Replying to 
The Greens want Ministers for the Federal Foreign Office, the Ministry of Development and the Environment Center. 2




Kurdistan...



Iraq looks set to take control of checkpoints at Turkey & Iran borders. Blockade set to expand.





KRG may unilaterally declare independence if Baghdad continues on current path of hostility. Catalonia listens.





Nah , that isn't the reason Baghdad -or did these problems just pop up overnite ?





Forces not deployed yet...






: Lufthansa and Austrian Airlines will cancel flights to Erbil Saturday and Sunday: Lufthansa Group spokesperson




suspends carrying products to northern Iraq



Sistani weighs in regarding Kurdistan....





KRG reject border surrender demand.






Sunni tribal leaders met Thursday in Erbil & lashed out at recent rulings from the Iraqi parliament and government against the Region.


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