Zephyr Global Report

Headliners

-Obama holds 2nd fake Inauguration ceremony today. Empty seats, black audiences bused in to fill  the empty seats belies the election results. Scorn and derision abound in the heartland for the magic Negro from England.

-UK firm comes under Suspicion in B787 take down by Japanese Government

-EU Finance Ministers Meet

-Merkel loses to Greens/SPD in Lower Saxony, FDP Gains

-UK Finance To  Cut 43k Jobs

-USA Markets closed for MLK holiday.

-China and USA exchange war of words over disputed Japanese Islands

-French DM vows to reconqueror Mali (good luck)

-FAA rules out batteries overcharged /over voltage in B787 Fire

Commentary

-That concludes the ZGR today. I’m going to turn my back on the Anglo-Zionist Obama Administration and go out and get some work done in the fields. No one gives the ZGR a day off with pay on OPM. Not that the ZGR would take OPM (other people’s money). Hopefully this guy will do a Richard Nixon in his 2nd term before he destroys what little is left of the Republic and economy.

 

-1145 Europe Closing Prices

We had a bit of drubbing of bonds into the close and run up in equity as the Bundesbank boys chatted up the markets and German economy. See last summary of European markets which I updated.

German 10yr 1.53+0.04,-2.44%
Italy 10yr 4.18+0.06, -1.53%
Spain 10yr 5.15+0.09, -1.86%
U.K. 10yr 2.06+0.05, – 2.33%

Country: Index Last Change % Chg
Europe Dow 1734.86 9.25 0.54
Stoxx Europe 50 2638.31 4.35 0.17
Stoxx Europe 600 287.71 0.68 0.24
Euro Stoxx 50 2725.73 16.14 0.60
Euro Stoxx 270.59 1.27 0.47
Austria: ATX Index 2445.11 -13.43 -0.55
Belgium: Bel-20 2545.17 5.66 0.22
Denmark: OMX Copenhagen 20* 534.77 4.52 0.85
Estonia: OMX Tallinn* 764.16 -5.66 -0.74
Finland: OMX Helsinki* 6149.08 58.69 0.96
France: CAC 40* 3761.59 20.01 0.53
Germany: DAX* 7747.18 44.95 0.58
Greece: Athens General* 975.67 1.72 0.18
Greece: DJ Greece TSM* 737.27 -1.32 -0.18
Greece: FTSE/ATHEX 20* 327.10 -1.24 -0.38
Iceland: OMX Iceland All-Share* 732.69 -2.20 -0.30
Ireland: ISEQ Overall * 3482.35 2.66 0.08
Italy: FTSE MIB 17631.99 77.86 0.44
Latvia: OMX Riga* 407.68 0.40 0.10
Lithuania: OMX Vilnius* 369.51 0.14 0.04
Netherlands: AEX* 353.01 2.12 0.60
Norway: OSE All-Share* 516.55 0.45 0.09
Portugal: PSI 20 6305.05 50.23 0.80
Russia: DJ Russia Titans* 6601.53 32.42 0.49
Spain: IBEX 35* 8652.70 48.70 0.57
Sweden: OMX Stockholm* 356.76 2.32 0.65
Switzerland: Swiss Market* 7336.05 -32.75 -0.44
UK: FTSE 100* 6179.08 24.67 0.40
UK: FTSE 250* 12981.89 35.77 0.28
UK: FTSE AIM All-Share* 737.48 -0.62 -0.08

-Naked Gold Short Citi Talks its Book

Citigroup on Monday, analysts cut their gold forecasts for 2013 by 4.2% to $1,675 a troy ounce and 0.2% to $1,653 a troy ounce for 2014. Their silver price forecasts remained unchanged.
“Indeed, gold’s recent struggle to sustain itself beyond the $1,800 technical resistance level despite seemingly conducive conditions such as record low interest rates and fiscal uncertainty has cast doubt onto the bullish case for gold among the investor community,” said the analysts in a note.
Some downers pointed out by Citigroup: Central bank net purchases for gold have fallen from their 2009 peak, jewelry demand continues to fall and private-sector demand may be set to follow. Public and private net investment into gold was positive in 2012.“Investors appear to be losing faith in the bull story for gold, if net managed money positions on Comex provide a reasonable guide,” said the analysts, who noted that net long managed money positions on Comex have dropped by 50% since the start of October 2012. Positive flows for exchange traded fund investing — an important gauge of investor sentiment — has also stalled since that month, with 17 metric tons of redemptions seen so far in 2013. MW

-1131  Ha, ha, plenty of empty seats for Obama’s fake inauguration. The Zionist fanatic Schumer is speaking. A sea of black faces. How embarrassing. With modern CGI they can at least paint in a few more non-blacks.

-The ‘Real’ Obama Administration and the Wanton Terrorism upon Small Businesses and the American public. What ‘tribe’ prides itself on being ‘destroyers’. Terrorism against an ignorant and propagandized public in such  a wanton manner is the beginning of the end of the USA dollar. Lets honor the whores in the USA Federal Government and Obama administration with the ‘truth’ for the fake inauguration today. Both are must watch videos. Pass them along. Impeach Obama, don’t inaugurate this MI6 agent.

Sandy Hook Disappearing Video

http://beforeitsnews.com/alternative/2013/01/sandy-hook-disappearing-video-2541340.html

Rampant Destruction

http://www.rampantinjustice.com/

 

-Obama Inauguration , Live

This is the 2nd one. The official one was yesterday. I suppose with the NFL profaning the Sabbath, his TV numbers would have been too low had he not moved his dog/pony/freak show for the masses to today. So far the first crowd shot showed nearly an all black Audience on BBN-TV.

http://www.bloomberg.com/live-stream/

-Sony Corp. , the electronics maker struggling after four straight annual losses, will introduce a new tablet computer in Japan this year as it tries to lure customers from Apple Inc. (AAPL) and Samsung Electronics Co.The Xperia Tablet Z will be 6.9 millimeters (.27 inches) thick, weigh 495 grams (17 ounces) and have a 10.1-inch (26- centimeter) display, Sony said in a statement today. The waterproof device may debut in Japan as soon as March before appearing elsewhere. BBN

-100 European shares inched towards two-year highs and German Bunds dipped on Monday, as a political attempt to break a budget impasse in the United States and expectations of aggressive Japanese stimulus bolstered the bidding for shares in Europe, despite some dismal earnings reports.

The DAX offers an attractive price for short selling price given earnings releases so far from Global USA firms and China’s continued laggard performance, at least if you believe earnings drive the markets and not central banks. The DAX equity market performance at the very least is ‘freakish’ and black box driven and largely an ESM prop job.The Bundesbank today said the German economy, Europe’s largest, has started to show signs of recovery after a probable contraction in the final quarter of last year.“The largely stable labor market and a better outlook for output suggest that the economic weakness won’t last all that long,” the Frankfurt-based central bank said in its monthly report today. A recovery “is already appearing in the first quarter of 2013,” it said. This is largely CB blather in the ZGR’s opinion and based on overly optimistic German Business forecasts. The Germans are in a bubble of their own making.

Europe lives for a big massive USA deficit spending and for the Chinese to continue to spend their USA dollar surplus to pump their economy up, neither of which are wise bets. Meanwhile key European finance ministers, not widely reported in the press have dire expectations for the European economy. Spain is expected to report over 6 million unemployed this week and that their economic spiral downward in trade and their domestic economy continues. Markets and Germany and Europe in particular are running on ESM/ECB fuel and back door market rigging although Japan is now going to get into that act as well in a major way. Certainly we could see another round of competitive easing by the EU next as it attempts to ease its way out of its malaise or if the crisis flares up again , probably from Spain.  That Bernanke has started the real QE4,  certainly indicates the next round of currency debasement is beginning.  I  suspect ahead of Merkel’s election there will be no additional buy down of Spain’s debt to reflate their economy and equity markets, simply as Spain won’t agree to any sort of reasonable controls on OMTs, and Merkel’s gang is unlikely to want to flash the currency debasement plan or go to the ESM well again for Spain without some quid pro quo they can show the German voters. Look at the shameless pandering to the Greeks to not upset the EU apple cart. Merkel is a key illuminist, satanist and Crypto Zionist operative and her election is paramount to the globalists plans.

U.S. House Republican leaders said on Friday they would seek to pass a three-month extension of federal borrowing authority in the coming days to buy time for the Democrat-controlled Senate to pass a plan to shrink budget deficits.

Ahead of the first European finance ministers’ meeting of the year, most euro zone government bonds were trading  flat and the euro was steady at $1.33 .One of the factors that drove 2-year German yields higher last week was also the prospect of early repayments of the 1 trillion euros euro zone banks took from the ECB roughly a year ago.The central bank will publish on Friday how much banks plan to return at the optional first repayment date on January 30.  Some predict it could be as high as 250 billion but the markets are looking for  100 billion Euros.

German markets showed little reaction after the Germany’s center-left opposition party edged Chancellor Angela Merkel’s conservatives from power in a regional election on Sunday. This indicates the election fix is in, much like it was in for the MI6 operative Obama.

Oil prices took their cues from a report in the United States at the end of last week that showed consumer sentiment at its weakest in a year as a result of the uncertainty surrounding the country’s debt crisis. Concerns about demand overshadowed supply disruption fears reinforced by the Islamist militant attack and hostage-taking at a gas plant in Algeria,  which is a  member OPEC. Brent futures are at 110.61 for the March contract and WTI is at 95.17 for the Feb Contract.

Gold may climb over the next three months as U.S. lawmakers attempt to tackle the country’s debt ceiling and the world’s largest economy slows, Goldman Sachs Group Inc. said, advising investors to place bets on advances.“We see current prices as a good entry point to re- establish fresh longs,” analysts Damien Courvalin and Alec Phillips wrote in a Jan. 18 report. The bank reiterated a three- month target of $1,825 an ounce, as well as a forecast for prices to weaken in the second half as the U.S. economy rebounds.  Goldman is well known to use these forecasts to take the opposite side of the trade from what they predict. The firm is beyond scandalous and into the realm of  the leading Global Market fixing Mafia with few peers. Gold futures are at $1688.05, and silver at$ 31.97

 

Stoxx Europe 600 287.68 0.65 0.23
 Belgium: Bel-20 2542.19 2.68 0.11
 France: CAC 40 3755.18 13.60 0.36
 Germany: DAX 7737.28 35.05 0.46
 Italy: FTSE MIB 17624.43 70.30 0.40
 Sweden: OMX Stockholm 356.26 1.83 0.52
 UK: FTSE 100 6172.77 18.36 0.30

-Algeria’s prime minister says 37 foreign hostages were killed during the four-day-long standoff at a natural gas plant, and that at least one Canadian was among the Islamist militants who took hundreds hostage.Abdelmalek Sellal said Monday kidnappers came from Egypt, Canada, Mali, Niger, Mauritania and Tunisia.Algerian forces stormed the site killing 32 militants and gained control on Saturday.Algeria’s prime minister says 37 foreign hostages were killed during the four-day-long standoff at a natural gas plant, and that at least one Canadian was among the Islamist militants who took hundreds hostage. AP

- Japan Chief Cabinet Sec Suga stated that Japanese Govt and BOJ to release statement following Tuesday’s rate decision.  Japan Trade Min Motegi commented that a weak JPY currency has brightened the outlook somewhat for Japan. He reiterated govt stance that beating deflation, strong yen currency were top priority. Second day of BOJ Monetary policy meeting to begin at 8:00 JST (23:00 GMT) on Tuesday Jan 22nd, earlier than usual.

- Sweden Fin MIn Borg: Sees very weak economic growth in 2013 and 2014 period and noted that it was significantly likely that the EMU crisis could flare up again. He also reiterated the view that it would be an advantage if the SEK currency (Krona) weakened somewhat.

- Portugal Govt said to expect more flexible aid financing conditions from Euro Area Finance Ministers. Announcement of flexible financing conditions might be delayed until Feb after European Leader Summit and new meeting of Euro Area Finance Minister meeting
- Germany Econ Min and FDP party leader Roesler said to call for early FDP party conference and offered to step aside as FDP leader. He is said to want Bruederle as the next head of FDP
- Poland Central Bank member Glapinski said to favor another Base Rate cut at the Feb monetary policy meeting and that the current easing should end after Feb. Poland Fin Min Rostowski noted that Poland 2013 economy was in better shape compared to 2009 period.

- China outgoing Premier Wen: Reiterates view of still pushing for market determined rates and expanding Yuan in use of cross-border trade

- Caterpillar plans to take a $580M charge in Q4 due to accounting misconduct at Siwei in Zhengzhou, China. Caterpillar’s investigation determined several Siwei senior managers engaged in deliberate misconduct beginning several years prior to Caterpillar’s acquisition of Siwei. Caterpillar removed several senior managers at Siwei who were responsible for the misconduct and a new leadership team has been put in place.

 

- The Japan Ministry of Transport will launch a joint investigation with FAA into Boeing 787 battery maker. Boeing has suspended deliveries of new 787 Dreamliner jet until a battery problem is resolved saying that the Dreamliner units may remain grounded for longer than expected. Boeing plans to fully cooperate with all investigations. The FAA said on Sunday it had ruled out the charging/voltage circuits, implying it might be the battery and lot specific, which would be good for Boeing although it would indicate a fail for the battery manufacturer. Typically you can easily spot a bad battery by measuring its hysteresis curve through several charge/discharge cycles. So if it was the battery lot, someone ‘failed’ in the testing or test program. Another clear fail is all these batteries should have voltage and current and temperature sensors, and the temperature should be reported in real time to the control computer and the battery taken off line if it gets too hot. To me that indicates the Boeing Engineers were directed to cut cut costs and did not put in the level of sophistication you typically see on Satellite batteries charging circuits. Again, probably a complete fail by the $200k a year government employees at the FAA, who rubber stamped the French charging circuit design. Mainly FAA jobs go to retired USAF hacks so they can ‘triple dip’. I would also not rule out sabotage as the Battery mfg Boeing chose has an excellent reputation for quality, in fact I use quite a few of their Li  batteries myself. Personally if I was in charge, Boeing would have to improve the battery monitoring and shut down circuits, and the certification of the batteries, and they would have to be checked after ever flight by the flight control computer. It is pretty easy to switch a batter out of a circuit, into a load and test the charge and discharge and temperature/voltage /hysteresis profile. Boeings political influence will be at play here. If Americans knew how corrupt the average Washington DC employee was, and how ill suited they were, there would be another tea party. I have zero confidence in the FAA, which had to be involved in 911 and the cover-up. The Japanse government announced a UK firm was under suspicion in the failure and were sending an investigative team in there, as well as to the battery manufacturer.
- IMF said to have doubts on Cyprus debt sustainability and believed that debt level of 100% would be sustainable vs. projections of 140% for Cyprus.  German Fin Min Schaeuble: Germany not yet prepared to decide on Cyprus aid and was not certain if the problems were a threat to the euro region.

-  Greece creditors, the Troika, have agreed to a 6-month moratorium on any additional austerity measures. The time to be used to implement already agreed upon measures and make Greece less of a pre-election issue for Germany, who is holding Federal elections in Sept. Merkel intends to go to the well for another bailout package for Europe right after she is elected. She just does not want voters to know.

-EU Session, Economic Data Release Summary

- Germany Dec Producer Prices M/M: -0.3% v 0.0%e; Y/Y: 1.5% v 1.7%e
- Taiwan Dec Export Orders Y/Y: 8.5% v 10.0%e
- (CH) Swiss Dec M3 Money Supply Y/Y: 9.8% v 9.3% prior
- (EU) ECB: €1.032B borrowed in overnight loan facility vs. €900.0M prior; €196.4B parked in deposit facility vs. €179.1 prior
- (CH) Swiss Q3 Industrial Production Y/Y: 2.2% v 4.7% prior
- (NL) Netherlands Jan Consumer Confidence: -35 v -36e
- (NL) Netherlands Dec House Price Index M/M: -0.4% v +0.3% prior; Y/Y: -6.3% v -6.8% prior
- (HK) Hong Kong Dec CPI Composite Index Y/Y: 3.7% v 3.8%e
- (UK) Dec Gross Mortgage Lending: £11.7B v £12.7B prior – CML

-By law Obama was inaugurated Jan 20. I guess in light of 21 st being a Federal Holiday he wanted all the criminals in the government who helped fraud his way to attend from the far flung states so he will reduplicate yesterday festivities. It will be interesting to see the demographics of the crowd. He held some parties yesterday and today. The sum total will cost the USA taxpayers over 100 million dollars per WND. I won’t be watching on TV, largely as I don’t own one due to the fact at least with your computer you can turn your camera and microphone off and prevent someone from hijacking it. Not so with the TVs these days. If you have TV in the USA at least a new one, while you may not watch Obama’s 2nd inauguration, his people or he may be watching you through your TV to see o listen to what you say!! Welcome to the Queen of England’s Amerika! His jobs council has not met in over one year. His agenda is your destruction. The man is straight from hell, aka England. Jewish mass murderers in history like Joseph Stalin have often been ‘charming’ , charm is a key gateway to power, maybe more important even than lying.

-0925 Europe

Country: Index Last Change % Chg
Europe Dow 1732.01 6.40 0.37
Stoxx Europe 50 2636.63 2.67 0.10
Stoxx Europe 600 287.51 0.48 0.17
Euro Stoxx 50 2719.51 9.92 0.37
Euro Stoxx 270.13 0.81 0.30
Austria: ATX Index 2437.75 -20.79 -0.85
Belgium: Bel-20 2541.50 1.99 0.08
Denmark: OMX Copenhagen 20 533.80 3.55 0.67
Estonia: OMX Tallinn* 764.16 -5.66 -0.74
Finland: OMX Helsinki 6136.80 46.41 0.76
France: CAC 40 3754.36 12.78 0.34
Germany: DAX 7732.80 30.57 0.40
Greece: Athens General 979.96 6.01 0.62
Greece: DJ Greece TSM 741.88 3.29 0.45
Greece: FTSE/ATHEX 20 329.61 1.27 0.39
Iceland: OMX Iceland All-Share 729.53 -5.36 -0.73
Ireland: ISEQ Overall 3483.71 4.02 0.12
Italy: FTSE MIB 17604.89 50.76 0.29
Latvia: OMX Riga* 407.68 0.40 0.10
Lithuania: OMX Vilnius* 369.51 0.14 0.04
Netherlands: AEX 352.51 1.62 0.46
Norway: OSE All-Share 516.29 0.19 0.04
Portugal: PSI 20 6306.86 52.04 0.83
Russia: DJ Russia Titans 6593.80 24.69 0.38
Spain: IBEX 35 8635.70 31.70 0.37
Sweden: OMX Stockholm 355.86 1.42 0.40
Switzerland: Swiss Market 7335.83 -32.97 -0.45
UK: FTSE 100 6172.33 17.92 0.29
UK: FTSE 250 12927.33 -18.79 -0.15
UK: FTSE AIM All-Share 737.86 -0.24 -0.03

-421

Asia
Country: Index Last Change % Chg
Asia Dow 3008.30 -4.90 -0.16
DJ Asia-Pacific TSM 1349.93 -1.30 -0.10
Australia: All Ordinaries* 4802.20 7.50 0.16
Australia: S&P/ASX* 4777.50 6.30 0.13
China: DJ CBN China 600* 21642.23 131.26 0.61
China: DJ Shanghai* 295.57 1.77 0.60
China: Shanghai Composite* 2328.22 11.15 0.48
China: Shenzhen Composite* 942.50 6.81 0.73
China: Shanghai 50* 1898.44 11.64 0.62
Hong Kong: Hang Seng* 23590.91 -10.87 -0.05
India: BSE Sensex 20108.01 68.97 0.34
India: S&P CNX Nifty 6081.05 16.65 0.27
Indonesia: JSX Index* 4439.97 -25.51 -0.57
Indonesia: JSX BISNIS 27* 380.57 -4.97 -1.29
Indonesia: JSX Islamic* 610.29 -5.16 -0.84
Indonesia: JSX LQ-45* 760.00 -6.92 -0.90
Indonesia: PEFINDO-25* 483.37 -2.37 -0.49
Indonesia: SRI-KEHATI* 239.98 -2.38 -0.98
Japan: DJ Japan TSM* 563.92 -3.97 -0.70
Japan: Nikkei Average* 10747.74 -165.56 -1.52
Japan: TOPIX Index* 905.16 -6.28 -0.69
Malaysia: DJ Malaysia TSM* 3039.38 -76.43 -2.45
Malaysia: FTSE Bursa Malaysia KLCI 1635.63 -40.81 -2.43
New Zealand: NZX 50* 4185.18 21.00 0.50
S. Korea: KOSPI* 1986.86 -0.99 -0.05
S. Korea: KOSPI 50* 1708.46 -4.49 -0.26
S. Korea: KOSPI 100* 1981.73 -3.73 -0.19
S. Korea: KOSPI 200 Composite* 261.30 -0.41 -0.16
Singapore: FTSE Straits Times 3221.32 10.10 0.31
Taiwan: TAIEX* 7724.92 -7.95 -0.10
Thailand: SET 1441.51 7.07 0.49
*close

Europe

Country: Index Last Change % Chg
Europe Dow 1730.31 4.70 0.27
Stoxx Europe 50 2633.98 0.02 0.00
Stoxx Europe 600 286.95 -0.08 -0.03
Euro Stoxx 50 2713.57 3.98 0.15
Euro Stoxx 269.41 0.09 0.03
Austria: ATX Index 2447.82 -10.72 -0.44
Belgium: Bel-20 2543.43 3.92 0.15
Denmark: OMX Copenhagen 20 531.24 0.99 0.19
Estonia: OMX Tallinn 767.29 -2.52 -0.33
Finland: OMX Helsinki 6112.32 21.93 0.36
France: CAC 40 3740.33 -1.25 -0.03
Germany: DAX 7721.91 19.68 0.26
Greece: Athens General 986.60 12.65 1.30
Greece: DJ Greece TSM 744.41 5.82 0.79
Greece: FTSE/ATHEX 20 330.86 2.52 0.77
Iceland: OMX Iceland All-Share* 734.89 -5.93 -0.80
Ireland: ISEQ Overall 3476.05 -3.64 -0.10
Italy: FTSE MIB 17498.63 -55.50 -0.32
Latvia: OMX Riga 407.27 -0.02 0.00
Lithuania: OMX Vilnius 368.82 -0.55 -0.15
Netherlands: AEX 351.98 1.09 0.31
Norway: OSE All-Share 515.17 -0.93 -0.18
Portugal: PSI 20 6268.17 13.35 0.21
Russia: DJ Russia Titans 6578.10 8.99 0.14
Spain: IBEX 35 8616.10 12.10 0.14
Sweden: OMX Stockholm 354.63 0.20 0.06
Switzerland: Swiss Market 7320.30 -48.50 -0.66
UK: FTSE 100 6163.80 9.39 0.15
UK: FTSE 250 12927.17 -18.95 -0.15
UK: FTSE AIM All-Share 738.72 0.62 0.08

-European stocks climbed, following a late-day rally in the Standard & Poor’s 500 Index on Friday, as euro-area finance ministers meet for the first time this year. Asian shares fell while U.S. futures were little changed. Admiral Group Plc (ADM) and International Consolidated Airlines Group advanced more than 1.5 percent as analysts recommended the shares. Cie. Financiere Richemont SA sank 4.9 percent after the world’s second-biggest luxury-goods company reported sales that missed estimates. The Stoxx Europe 600 Index (SXXP) increased 0.3 percent to 287.82 at 8:06 a.m. in London, extending this year’s advance to 2.9 percent. The MSCI Asia Pacific Index fell 0.3 percent, withJapan’s Nikkei 225 Stock Average tumbling 1.5 percent as the Bank of Japan began a two-day policy meeting. S&P 500 futures added 0.1 percent as U.S. markets are closed for Martin Luther King Jr. Day.Euro-area finance ministers, gathering in Brussels today, will begin talks on how to channel firewall funds directly to banks. Policy makers are likely to clash over how and when the 500 billion-euro ($666 billion) European Stability Mechanism can bypass governments. An assessment of Spain, Cyprus and Greece is also expected to feature. BBN/Reuters

 

-German Chancellor Angela Merkel’s party lost control of Lower Saxony state as the Social Democrats and Greens took a single seat majority, buoying the opposition parties eight months before federal elections.The state election director, Ulrike Sachs, said the SPD and Greens took 69 seats in state parliament in Hanover in yesterday’s election, compared with 68 seats for Merkel’s Christian Democrats and the Free Democrats. A surge in support for the FDP, junior coalition partner to Merkel’s party nationally and regionally, wasn’t enough to allow CDU state Prime Minister David McAllister to remain in power. The SPD candidate, Hanover Mayor Stephan Weil, said he can set up a government with the Greens. BBN

-Mea Culpa, USA equity markets as well are bond markets are slated to be closed for MLK day.

-300 Europe Opens

French CAC 40 index up 0.2% to 3,749.75

German DAX 30 index up 0.3% to 7,727.96

FTSE 100 index up 0.3% to 6,172.2

Stoxx Europe 600 index up 0.2% to 287.53

Key Bonds

German 10y 1.50+0.01, -0.44%

Italy 10yr 4.14+0.02, -0.55%

 Spain 10yr 5.06-0.04, 0.75%

-Geopolitical Headliners

News-www.antiwar.com
Updated January 21, 2013 – 1:06 AM EST
British PM: N. Africa War Could Last ‘Decades’
Over 80 Hostages Confirmed Slain in Algeria Siege
Algerian Hostage-Takers’ Arms Came From Libyan Govt.
Branding the African War: The ‘al-Qaeda’ That Wasn’t
French DM Vows ‘Total Reconquest’ of Mali
Report: French-Backed Mali Army Torturing, Executing Civilians
African Troops Flock to Mali, Light on Training and Gear
UN Report Slams Afghan Torture, Secret Prisons
Afghan Forces Reluctant to Patrol Where Insurgents May Have Support
Army Paid Millions on Repair Contracts for Already-Destroyed Vehicles
Legal and Ethical Questions on US Drone Strikes
US Drone Strike Kills Nine in Yemen
MLK: ‘A Time Comes When Silence Is Betrayal’
How the Gaza Strip Blockade Came About
Viewpoints
The Moral Torment of Leon Panetta by Ray McGovern
France in Mali: The Longue Durée of Imperial Blowback  by Mark LeVine
Algeria, Mali, and Why This Week Looked Like an Obscene Remake of Earlier Western Interventions by Robert Fisk
The Algeria Incident and Counterterrorist Strategy  by Paul Pillar
Torture and Zero Dark Thirty by David Bromwich
The Iraq War ‘Surge’ Myth Returns by Robert Parry

-Chancellor Merkel’s CDU/FDP coalition loses State elections for Lower Saxony to Social Democrtas/Greens by 1 seat . Die Welt

-  Greece creditors, the Troika, have agreed to a 6-month moratorium on any additional austerity measures – ekathimerini

- ECB’s Weidmann  warns ‘wrong and dangerous’ to rely on ECB to resolve crisis – BBN

-  Britain is approaching a triple dip recession – Times

- Cyprus Central Bank: Due diligence review to determine the impact on the banking system from Greece that was due on Jan 18th is yet to be finalized

- Difficulty and high cost of obtaining a license plate in Shanghai is forcing many drivers to purchase it before the car. Price of pork in China is up about 10% in 2 months.  China Bank of Communications (BoCom) analyst: Sees 2013 GDP around 8.5% – Chinese press . Beijing Municipal Air Pollution Control Regulation draft proposes to lower the number of vehicles allowed to be on the road on days with particularly dangerous air quality. According to CASS researcher Li Yang, China’s 2013 fiscal revenue growth may be below 10% seen in 2012 – Chinese press

-  Hong Kong Chief Exec Leung: May impose a vacancy tax on unsold properties to prevent hoarding of inventory by developers – HK press

- Australia Treasurer Swan: Agrees not to implement “savage” cuts to public spending in order to achieve budget surplus in the election year – financial press

- Bank of Korea (BOK): Liquidity at Korean savings banks is at a 5-year low amid soft deposits and large proportion of non-performing loans – Korean press

- Japan Econ Min Amari: Gap between the govt and the BOJ on the joint statement is narrowing.  Joint BOJ/govt policy statement may call on the BOJ governor to make quarterly progress reports toward achievement of 2% inflation target / Size of Japan’s main budget may top ¥93T in FY13/14; 7th consecutive year of expansion . Japan PM Abe’s Economic Adviser Hamada: BOJ will need to slow monetary easing if effects on prices/yen go too far. Three Chinese govt ships said to have entered Japan’s territorial waters near the disputed Senkaku islands on Saturday . US State Sec Clinton: Japan’s PM Abe to visit US in February; Would oppose any “unilateral action” undermining Japan  Nikkei News, Kyoda etc.

-  China Foreign Ministry spokesman Qin Gang: “strongly dissatisfied with and resolutely opposes” comments made by US State Secretary Clinton warning against unilateral actions on disputed Senkaku islands

-Economic Release Summary Asian Session

(JP) JAPAN DEC FINAL MACHINE TOOL ORDERS Y/Y: -27.5% V -27.5% PRELIM
(UK) UK JAN RIGHTMOVE HOUSE PRICES M/M: +0.2% V -3.3% PRIOR (first rise in three months); Y/Y: 2.4% V 1.4% PRIOR

- 0215 Asia

Asian equity markets are trading mixed and in a thin opening session due to the MLK day, a Federal Holiday in the USA. The  Nikkei225 resurfaced as the under-performer, dropping 1.5 pc,  ahead of tomorrow’s BOJ rate decision. The USD/JPY briefly hit 31-month highs above ¥90.20 but reversed those gains to trade below ¥89.50. Investors  are concerned that the BOJ revision to a goal of 2% inflation has been priced into the markets. Economics minister Amari suggested there is still some room for negotiation between cabinet officials and the BOJ before they can iron out a joint statement. On the geopolitical front, Senkaku-driven saber-rattling was more audible after US State Sec Clinton called on China not to undertake any “unilateral action” that would undermine Japan – sentiment that was greeted with contempt from China Foreign Ministry spokesman, and China warned the USA ‘to chose its words carefully’. Japan also threatened to fire warning shots if Chinese plans continued to invade Japanese airspace around the disputed Islands over the weekend.

In China  the government’s leading think tank said Growth levels will remain about the same in 2013 but inflation is likely to rebound moderately.GDP growth is projected to stay at 2012 levels, about 7.8 percent, and the Consumer Price Index, a main gauge of inflation, may go up from 2.6 percent in 2012 to 4 percent, said the director of macroeconomic research at the State Council Development Research Center.The Shanghai composite is up .48 pc, the Hang Seng is down -.14.

In Europe, German Chancellor Merkel’s coalition suffered a surprising blow with a 1-seat defeat in the state of Lower Saxony. The election was billed as a blueprint for the national elections in September of this year and Merkel’s election to a third term.  In  Greece the Troika was reported to have agreed to a 6-month moratorium on any additional austerity measures, while Cyprus Central Bank said it was late in concluding a study on the impact of the Greek banking crisis.

In the USA Obama was inaugurated in a 2nd term sending the people who did not vote him in office a bill for over $100 million for his inaugural parties. USA and International elites met at the Sundance Film festival as much about politics as films, the precursor to the Davos meeting in Switzerland. Sodomy, and films endorsing gun violence and state sanctioned violence seemed to be the main themes. It has devolved from an independent film festival to a political platform for the neo-liberal NWO elite. Labor Secretary Bob Reich and others who could not get coveted tickets to the inaugural function in Washington DC attended.

Futures point to a slight bounce in Europe and a flat opening in the USA.

Futures

DJIA INDEX FUTURE Mar13 13,574.00 -0.01% 13,590.00 13,590.00 13,574.00 02:20:03
S&P 500 FUTURE Mar13 1,478.70 -0.01% 1,478.00 1,481.50 1,478.00 02:14:23
NASDAQ 100 FUTURE Mar13 2,736.75 +0.11% 2,738.25 2,740.75 2,736.75 02:20:48
EURO STOXX 50 Mar13 2,712.00 +0.22% 2,713.00 2,714.00 2,711.00 02:16:36
FTSE 100 IDX FUT Mar13 6,132.00 +0.16% 6,132.00 6,149.00 6,131.00 02:16:39
DAX INDEX FUTURE Mar13 7,725.50 +0.10% 7,723.50 7,726.50 7,721.00 02:16:36

Asia

Country: Index Last Change % Chg
Asia Dow 3004.93 -8.27 -0.27
DJ Asia-Pacific TSM 1348.50 -2.73 -0.20
Australia: All Ordinaries* 4802.20 7.50 0.16
Australia: S&P/ASX* 4777.50 6.30 0.13
China: DJ CBN China 600* 21644.55 133.58 0.62
China: DJ Shanghai* 295.61 1.81 0.62
China: Shanghai Composite 2328.11 11.04 0.48
China: Shenzhen Composite 942.13 6.43 0.69
China: Shanghai 50 1898.31 11.52 0.61
Hong Kong: Hang Seng 23568.36 -33.42 -0.14
India: BSE Sensex 20081.18 42.14 0.21
India: S&P CNX Nifty 6070.15 5.75 0.09
Indonesia: JSX Index 4451.44 -14.04 -0.31
Indonesia: JSX BISNIS 27 382.43 -3.11 -0.81
Indonesia: JSX Islamic 612.73 -2.71 -0.44
Indonesia: JSX LQ-45 762.80 -4.12 -0.54
Indonesia: PEFINDO-25 485.88 0.13 0.03
Indonesia: SRI-KEHATI 240.84 -1.51 -0.62
Japan: DJ Japan TSM* 563.98 -3.91 -0.69
Japan: Nikkei Average* 10747.74 -165.56 -1.52
Japan: TOPIX Index* 905.16 -6.28 -0.69
Malaysia: DJ Malaysia TSM 3036.14 -79.67 -2.56
Malaysia: FTSE Bursa Malaysia KLCI 1635.05 -41.39 -2.47
New Zealand: NZX 50* 4185.18 21.00 0.50
S. Korea: KOSPI* 1986.86 -0.99 -0.05
S. Korea: KOSPI 50* 1708.46 -4.49 -0.26
S. Korea: KOSPI 100* 1981.73 -3.73 -0.19
S. Korea: KOSPI 200 Composite* 261.30 -0.41 -0.16
Singapore: FTSE Straits Times 3220.91 9.69 0.30
Taiwan: TAIEX* 7724.92 -7.95 -0.10
Thailand: SET 1439.68 5.24 0.37
Gold 1689.65 +2.65 +0.16%
Silver 31.920 -0.012 -0.04%
Copper 3.667 -0.009 -0.24%
Crude Oil 95.59 -0.45 -0.46%
Natural Gas 3.603 +0.032 +0.88%
US Cotton No.2 78.72 +0.94 +1.21%
US Coffee C 155.68 +0.70 +0.45%
EUR/USD 1.3329 +0.0014 +0.11%
GBP/USD 1.5876 0.0000 0.00%
USD/JPY 89.65 -0.43 -0.48%
USD/CHF 0.9332 -0.0014 -0.15%
AUD/USD 1.0514 +0.0005 +0.04%
USD/CAD 0.9916 -0.0003 -0.03%
EUR/GBP 0.8396 +0.0009 +0.10%

Japan 10yr 0.74-0.02, 2.43%

-Welcome back. It is MLK day in the USA, a Federal Holiday. Bond markets , banks, and Federal offices as are stock markets.

Time Cur. Imp. Event Actual Forecast Previous
Monday, January 21
All Day   Holiday United States – Martin Luther King, Jr. Day
02:00   EUR     German PPI (MoM) -0.3% 0.0% -0.1%  
02:00   EUR     German PPI (YoY) 1.5% 1.7% 1.4%  
03:30   HKD     Hong Kong CPI (YoY)   3.80% 3.70%  
08:30   CAD     Wholesale Sales (MoM)   1.0% 0.9%  
09:00   EUR     French 12-Month BTF Auction     0.057%  
09:00   EUR     French 3-Month BTF Auction     -0.002%  
09:00   EUR     French 6-Month BTF Auction     0.017%  
09:00   MXN     Mexican Unemployment Rate   4.8% 5.1%  
Tentative   JPY     Interest Rate Decision   0.10% 0.10%  
23:30   JPY     All Industries Activity Index (MoM)   -0.3% 0.2%

Newslinks

-Acid Attack on Bolshoi Boss Adds to Porn, Pimping Claims

http://www.bloomberg.com/news/2013-01-19/acid-attack-on-bolshoi-director-adds-to-porn-pimping-claims.html

 

-Britain’s Plan to Rework Its Ties to Europe Is Risky

http://www.nytimes.com/2013/01/22/business/global/britains-plan-to-rework-its-ties-to-europe-is-risky.html?_r=1&

 

-GS Yuasa Searched After Boeing 787s Are Grounded

http://www.bloomberg.com/news/2013-01-20/boeing-787-deal-puts-battery-maker-gs-yuasa-in-spotlight.html

 

-Dell Said to Hire Evercore to Seek Higher Bids After Buyout

http://www.bloomberg.com/news/2013-01-21/dell-said-to-hire-evercore-to-seek-higher-bids-after-buyout.html

 

-Spain Recession Scars Exposed as Jobless Seen at 6 Mln

http://www.bloomberg.com/news/2013-01-20/spain-recession-scars-exposed-as-jobless-seen-reaching-6-million.html

 

-Algeria Vows to Boost Security After 85 Killed in Sahara

http://www.bloomberg.com/news/2013-01-21/algeria-gas-plant-seizure-ends-as-militants-hostages-die.html

-Goldman Forecasts Gold Rally Amid Debt-Ceiling Confrontation

http://www.bloomberg.com/news/2013-01-21/goldman-forecasts-gold-rally-amid-debt-ceiling-confrontation.html

 

-JPMorgan Embraces Offshore Yuan as Trading Doubles

http://www.bloomberg.com/news/2013-01-21/jpmorgan-embraces-offshore-yuan-as-trading-doubles-china-credit.html

 

-Facing Drought USA farmers return to crop rotation

http://www.reuters.com/article/2013/01/18/us-usa-drought-corn-idUSBRE90H0KR20130118

-Dreamliner Troubles Put Boeing On Edge

http://www.cnbc.com/id/100393657

-U.K. Finance Industry to Cut 43,000 Jobs, CBI Survey Says

http://www.bloomberg.com/news/2013-01-21/u-k-finance-industry-to-cut-43-000-jobs-cbi-survey-says.html

-Tubular bells made me a million but the tax bill came to £860,000′

http://www.telegraph.co.uk/finance/personalfinance/fameandfortune/9811942/Tubular-bells-made-me-a-million-but-the-tax-bill-came-to-860000.html

-Revolutionary Japan, now Center of World Affairs- AEP

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/9814218/Revolutionary-Japan-is-suddenly-the-centre-of-world-affairs.html

-Emma O’Reilly, who was called an “alcoholic whore” by Lance Armstrong, is considering taking legal action against him.

http://www.telegraph.co.uk/sport/othersports/cycling/lancearmstrong/9814557/Lance-Armstrong-may-be-sued-by-Emma-OReilly-the-former-masseur-and-assistant-on-the-US-Postal-team.html

-Weidmann says ECB is not the only crisis manager: paper

http://www.reuters.com/article/2013/01/20/us-ecb-idUSBRE90J04W20130120

- Praet Says Euro Zone Economy Still Shrinking

http://www.nytimes.com/reuters/2013/01/20/business/20reuters-eurozone-praet.html?src=busln&_r=1&

-Japan government, Bank of Japan “getting closer” on monetary policy statement

http://www.reuters.com/article/2013/01/20/us-japan-economy-idUSBRE90J00Z20130120

-BOJ Should Slow Easing If Yen Weakens Too Much, Hamada Says

http://www.bloomberg.com/news/2013-01-20/boj-will-face-challenge-if-yen-weakens-too-far-abe-adviser-says.html

-Japan And China Pledge Peace and Calm after Weekend Melt Down

http://www.businessweek.com/news/2013-01-19/china-seeks-peaceful-end-to-dispute-as-japan-pledges-calm

-Franco-German motor sputters in crucial euro year

http://www.reuters.com/article/2013/01/20/us-germany-france-treaty-idUSBRE90J0CJ20130120

-Merkel’s Party Loses Lower Saxony Election Even as FDP Surges

http://www.bloomberg.com/news/2013-01-20/merkel-s-cdu-holds-lower-saxony-as-fdp-rallies-projections-show.html

-Euro Minsters Set to Clash over channeling Aid

http://www.bloomberg.com/news/2013-01-20/euro-ministers-set-to-clash-over-terms-of-channeling-aid.html

 

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