Thursday, September 21, 2017

Economic News , Data & Views.....September 21 , 2017......Quick Hits For Thursday -1) Markets : US - Stock Indexes Have One Of Those Rare Red Days , Gold Hammered Lower , Oil Off A Touch ; Asia - Calendar For Friday , Market Moving Data , New North Korea Sanctions Imposed By US ; Europe - Stocks Indexes Generally Stronger Today - Spain Being Weakest Performer & With Good Reason , Market Moving News Of Interest. 2) US Politics - News Sanctions Imposed On North Korea By US - Europe Set To Follow With Its Own Sanctions , UNGA Highlights From Today , Puerto Rico Aftermath From Hurricane Maria Updates. 3) Spain - Catalonia Continues To Press Forward With October 1st Referendum , Despite Best Efforts Of Spain's Central Gov't. 4) UK- State Of Play Regarding Brexit , Looming Key Speech From PM May. 5) Odds & Ends - From Europe , Syria , Kurdistan , North Korea And Other Global Spots Of Interest.


Markets...


US......



Rare off day for stocks..



The day that was...




DOW JONES UNOFFICIALLY CLOSES DOWN 51.02 POINTS, OR 0.23 PERCENT, AT 22,361.57



S&P 500 UNOFFICIALLY CLOSES DOWN 7.35 POINTS, OR 0.29 PERCENT, AT 2,500.89



NASDAQ UNOFFICIALLY CLOSES DOWN 33.20 POINTS, OR 0.51 PERCENT, AT 6,422.84




Oil off a touch..




Gold hit an air pocket today..




TREASURY 5Y-30Y CURVE FLATTENS TO 91.5BP, LOWEST SINCE 2007 so buy banks?




Asia.....



Calendar for Friday..




N.Korea's Formin Ri Yong Ho Believes N.Korea May Consider Nuclear Test On The Pacific Ocean Of An Unprecedented Scale -Yonhap




N Korea Counter-Measure May Mean Hydrogen Bomb in Pacific Reports Yonhap Citing N Korea Foreign Minister




N.Korea's Kim Jong Un Says Us President Donald Trump Is "Mentally Deranged" -KCNA




Kim Jong Un Says North Korea Will Consider Utmost Measures Equal To Trump's Comments That Were A "War Declaration" -KCNA



K.J-u responds to Trump....back to the barking dog canard today.....







Kim Jong Un just released a statement calling Trump a "mentally deranged U.S. dotard" who will "pay dearly" for his U.N. speech







1 hour ago
Ambassador Haley: If China Continues To Do Business With N Korea The Sanctions Would Impact Them





1 hour ago
US Ambassador To UN Haley Says Anyone Doing Business With N Korea Will Face Sanctions Too Wants To Get N Korea To The Negotiating Table


Chinese ForMin: Still Hope For Peace, Negotiation Is The Only Way Out Of N.Korean Crisis - RTRS



EU Officials Said To Reach Draft Deal For More North Korea Sanctions – RTRS Citing Officials And Diplomats



Europe.....



Thursday's action in Europe...






SNB shares spike as even WSJ has become aware. Says investors treat stock like bond proxy. Div 0.34% > 10y yld -0.1%




SOURCES SAY DECISION ON AIR BERLIN HAS BEEN MADE SOURCES SAY LUFTHANSA SHALL RECEIVE THE LARGEST PART OF AIR BERLIN




FRANCE'S CAC 40 UP 0.59 PCT, GERMANY'S DAX UP 0.30 PCT, SPAIN'S IBEX UP 0.09 PCT








Spain govt fearmongering: “Catalonia faces brutal impoverishment if leave wins” Mkts stay calm. Risk spread drops.




US Politics....



Trump back up to 40% approval..




Trump says South Korea trade deal is "so bad" for US while sitting next to South Korean president




Erdogan slathering the butter on POTUS today....




This should be interesting.....






Trump announces executive action to expand U.S. authority to target people and companies that trade with or finance North Korea.




China's central bank has told their "massive banking system" to stop doing business with North Korea, Trump says at photo opp at UN lunch.



"Foreign banks will face a clear choice: Do business with the US or facilitate trade with the lawless regime in North Korea," Trump says.




POTUS Trump gives executive order to target individuals and companies that trade with North Korea



Replying to 
US seek a complete denuclearization of North Korea.




Replying to 
Puerto Rico faces floods, misery after 'obliteration' from





*EU IS SAID TO ADD 8 N. KOREAN OFFICIALS TO SANCTIONS LIST: RTRS




Trump announcement to resolve NK situation short of War , relates to apparent new sanctions being imposed.




President Trump designates 52 Puerto Rico municipalities hit by Maria as "major disaster" areas







Pence on Fox says fedl govt about to deliver 8 million meals, 8M liters of water and generators to Puerto Rico. Aid prepositioned nearby.







One of Puerto Rico's main media outlets preparing to publish tomorrow. Hopefully all back up quickly.





WaPo piece makes Manafort appear to be a rogue Campaign Chairman...






Manafort may soon be looking up at the underside of a bus




Video shot approximately 12 hours ago-shows incredible aftermath from Maria in Toa Baja-a municipality of Puerto Rico located in N coast.






Spain....



CATALAN REGIONAL GOVERNMENT HEAD SAYS HAS CONTINGENCY PLANS IN PLACE TO CARRY OUT REFERENDUM




Spain steadfast in trying to put down Referendum !




Monetary fines to hit Electoral Board...






Catalan President undeterred regarding Referendum !








Second round of protests on detentions of Catalonia officials.






I don't think Catalonians will care much to hear thoughts of parties aligned against them.






Hard sell to convince Catalonia...




Getting uglier...





As expected..




Won't work..



Protests continue. ..






No shortage of imagination..








Brexit Talks / PM May Speech...



PM May to bring olive branch to EU ?





May: It is EU's duty to agree a Brexit deal - the front page of The Daily tomorrow





Tusk meeting May in London next Tues, Barnier to respond within 15 mins; they already know what's in the speech, and it seems v. v. pro-EU






Oops - Germany's European Commissioner says Brexit talks 'stall'






EU's chief Brexit negotiator Michel Barnier expects new UK exit proposals next week




Nice note to consider ahead of PM May key speech on Friday.




Odds & Ends....



Europe




Germany, based on Civey poll: CDU/CSU-EPP, SPD-S&D: 406 seats CDU/CSU, FDP-ALDE, GRÜNE-G/EFA: 371 Majority: 329 CDU/CSU, FDP: 319


Germany, based on INSA poll: CDU/CSU-EPP, SPD-S&D: 404 seats CDU/CSU, FDP-ALDE, GRÜNE-G/EFA: 382 Majority: 351 CDU/CSU, FDP: 331



Germany: Since "hype" after Schulz took leadership of , party dropped from 38 to 14% among voters below the age of 30, polls.




Euro zone (real) banking union at last: Unicredit bids for Commerzbank, possibly bracing for fight against BNP-Paribas...




Kurdistan....



Ball in court of Baghdad...





Barzani flatly rejected demand made by French President Macron to postpone Referendum -said talks would continue.




Referendum getting another stamp of approval to go forward.







Buried in piece is reference to anger of Peshmerga to West who once again have failed to support kurdish ambitions.






Region’s neighboring Turkey, Iran and Iraq issue joint statement on counter-measures considered against Kurdish referendum.





: If referendum proceeds, international support for Erbil- talks ‘foreclosed’




forces launch Hawija offensive without troops, here’s everything you need to know





Peshmerga troops rally behind Region’s upcoming independence referendum, scheduled for 25/09 despite Int pressure (📷 AFP).






There are less than 1,000 fighters in , which is 55 kilometers southwest of





Syria....



So much for that...







This could get ugly fast...







SAA fighting ISIS on the East Bank and not ceding oilfields.





Russia warn US it would target areas in Syria where US SFs and SDF were operating if its own forces came under fire from them.





Russia MoD: Syrian gov. troops have been shelled twice from areas on the western bank of the Euphrates controlled by SDF & US military



North Korea...









THIS !



Trump can never sell that here in the US - that would go down worse than his reversal on DACA...






NK Testing Program nuggets...