Monday, March 27, 2017

Economic News , Data & Views ..... March 27 , 2017......Quick Hits For Monday -1) Markets : Asia - Economic Calendar For Tuesday , Data & Market Moving News ; US - US Markets Markets Mixed ( Dow & S&P Moderately Down , Nasdaq Moderately Up ) , Bond Yields Fall , Gold Shines , Oil Off Modestly , Dallas Fed Manufacturing Comes In Much Weaker Than Expected Today. 2) US Political Round Up For Monday : House Intel Chair Nunes Mystery Adventures ; DEM-GOP Squabbling On Display ; Tax Reform Agenda Being Set , August Preliminary Target Timeframe ; Russia Related Probe(s) & Leak Investigation Updates ; Russia Protesters Detention Panned By Press Secretary Spicer ; Travel Ban News ; Trump Signing Of Bils (4) Today ; Additional Items Of Note. 3) Europe In Focus - Key News For Monday Touching On : Italy Investigating Africa To Sicily Migration Scheme ; Polling For French & German Elections & Election News ; Greece Economic & Creditor Talks Items ; New For UK's Negotiation With EU ; Turkey Allegedly Infringed In Bulgaria Election ; Northern Ireland Political Turmoil Update ; Nato Invoice Just " Fake News " ; Odds & Ends - Libya , Syria & Iran , North Korea In Focus !



Markets.....




Asia.......





Good morning from Berlin. Risk rout eases after Wall St & Dollar trim losses. Asia stocks climb w/ Japan & Australia led gains. Bonds drop.







Economic data due from Asia today (this is a really short post)



Japan finance minister Aso: No comment on FX levels






Japan economy minister Ishihara: Closely watching market moves












Australia - ANZ-Roy Morgan consumer confidence index: 113.8 (prior week 112.0)





1 hour ago
More Japan press: Odds of BOJ's Kuroda hitting price target grow longer by the day






US.......






S&P 500 finishes 2 points lower





Dow closed lower for the 8th day, longest losing streak since 2011 as investors recalibrating pol expectations on timing & scope of tax bill







1 hour ago
ForexLive Americas FX news wrap: Can't keep risk trades down



U.S. crude futures settle at $47.73/bbl.⬇$0.24. -0.50%. _K7 volume: ~432k






Dallas Fed Manufacturing Outlook for March much weaker than expected-New Orders , Inventories & Employee tumble.








US Politics.....





Trump wants $1B for 62 miles of border wall: report







1 hour ago
Just call him Devin "Austin Powers" Nunes , international man of mystery...












Trump To Sign 'Energy Independence' Order Tomorrow Rolling Back Obama Climate Change Initiatives






Senior Finance Chairman Wyden: Review Mnuchin Comments For Possible Ethics Violation






"We're driving the train on this," Sean Spicer says on tax reform. Trump officials Mnuchin, Cohn, Ross, others to play role, he says.






This Is What Trump's Revised Agenda Timeline Looks Like, In One Chart







Scoop: Trump admin plans simultaneous push on tax reform and infrastructure







White House: Administration Looking At August At Target Date For Tax Reform, But Depends On Consensus On Big Issues







On Thursday: Senate Intelligence Committee open briefing on "Disinformation: A Primer in Russian Active Measures and Influence Campaigns"






Burr/Warner confirm Kushner to talk to Intel: "We expect him to be able to provide answers to key questions that have arisen in our inquiry"






Trump press secretary opens his briefing with Russia protests, repeating statement US "strongly condemns" detention of peaceful protesters.







Nunes explains what went on last week. Possibility of two separate investigations seems high.








Grassley wants answers on opposition research paid for by Trump’s opponents--both GOP and Dems. Dossier was shared with FBI.









NEW: Sen. Grassley writes to opposition research firm requesting information, documents on uncorroborated Trump-Russia dossier.









Democrats force one-week delay in committee vote on Supreme Court nominee, choice still on track with GOP support. - AP





Rep. Nunes had a secret White House meeting before claiming Pres. Trump may have been incidentally monitored.








A government official said Nunes was seen Tuesday night at the NSC offices of the Eisenhower building




AG announces state leads 13 state coalition in filing brief supporting ' revised travel ban.







4 bills Trump signs today reverse Obama on:
-disclosure of labor violations -Planning 2.0 rule -school standards -reporting on teacher prep.





Europe....




Interesting connections drawn here...







France, Ifop poll: Macron (EM-*): 26% Le Pen (FN-ENF): 25% Fillon (LR-EPP): 18% Melénchon (FI-LEFT): 14% ↑ Hamon...





Germany, INSA poll: CDU/CSU-EPP: 32% ↑ SPD-S&D: 32% AfD-ENF: 11% ↓ LINKE-LEFT: 9% GRÜNE-G/EFA: 7% FDP-ALDE: 6% ↓






Why am I not surprised ?





This does seem like a case for Inspector Clouseau....







EU Trade Association warns of Brexit talks collapse: Handelsblatt





France Set To Sell Its Peugeot Shares To Bpifrance For €1.92 Billion







Fillon keeps falling (17.5%), Mélenchon (14%) now half way between him and fading-away Hamon (10.5%)




Bank deposits dropped by 750 million euros in February, official figures show







Fraport Greece signs funding deal with 5 lenders






Turkey alleged to have interfered with Bulgarian Election...






Northern Ireland devolved government under threat after power-sharing talks collapse, warns UK secretary




The EU is struggling with its guidelines and response for after Article 50



UK Lords: Concerns On Post-Brexit Trade As Government Are Failing To Address The Issue






LONDON-QATAR MINISTRY OF FINANCE SAYS TO INVEST 5 BILLION POUNDS IN BRITAIN IN NEXT FEW YEARS





Was the "NATO Invoice" story just more fake news ? Germany Gov't debunks same....






*NOUY SAYS MONTE PASCHI IS `NOT INSOLVENT'






*NOUY: EXPECT A DECISION `SOON' ABOUT MONTE PASCHI SITUATION






*NOUY: SOME EURO-AREA BANKS MAY NEED TO BE WOUND DOWN IN FUTURE




SAYS `SIGNIFICANT PROGRESS' MADE ON REVIEW TALKS - BBG







EU sees significant progress , Greece media sees " a deal with Greece’s international creditors still appears a bridge too far..."







Odds & Ends......




Libya.....







1 hour ago


















1 hour ago








Complaint to the International Criminal Court in The Hague about the "war crimes" against LNA leaders in Libya wrote by E. Zahri Muntasserb.














Crisis Committee: 27 million liters of gasoline smuggled out of Southern in last 25 days, worth 21 mil Dinars






Italian prosecutor: charity-operated ships coordinate with based people smugglers, cause more migrant deaths



Presidential Council's decree basically makes NOC toothless, and transfers serious authorities to ignorant and possibly corrupt, politicians






's UN appointed government transfers full control of the country's oil wealth to its members , opening the door wide open for corruption






1200 more transferred from smugglers to NGOs just offshore this weekend & taken straight to







HoR rejects PC’s new Sirte security force -











Syria......





Al Qaeda not going to win civilian hearts and minds with tactics such as this.








Definitely a great read on the dynamic relationship and state of play in Northern Syria...







Will liberating Raqqa come with the price of high civilian casualties , similar to Mosul ?










SDF take Tabqa airport, temporarily suspend operations near dam








. says coalition forces are taking necessary precautions to ensure dam integrity, says dam not damaged.








people are leaving the city heading North to the Gas victory and the people of AlKasrat are moving to the top of the mountains.








Iran....





Iran issues its own set of reciprocal sanctions as bilateral game of " tit for tat" continues.






North Korea....






Malaysia says Kim Jong Nam's body still in Kuala Lumpur








North Korea ramping up cyber attack activities - said to have plans targeting 100 banks....







North Korea activity involving its ballistic missile program has really spiked....








1 hour ago
Exclusive: North Korea has no fear of U.S. sanctions move, will pursue nuclear arms - envoy via







Commentary: North Korea sparks debate in China








Japanese politicians want the ability to bomb North Korea before getting hit first