“The mistake was rapidly identified and eliminated, and the amounts overpaid were successfully demanded back. We regret that during works on the systems, this incident could happen due to human error owing to a configuration mistake.”
Nearly half of all French voters have yet to decide who they want to be president with only a month to go until the election, an opinion poll showed on Friday, as scandal-hit conservative candidate Francois Fillon launched an extraordinary attack on Socialist President Francois Hollande, accusing him of orchestrating a plot against him. The big question therefore remains - Is a “European Spring” in the making?
On a day when all eyes are on Washington and the healthcare vote, President Trump just won an important victory as a Virginia judge refused to block his revised travel ban against six predominantly Muslim countries (even though, as Bloomberg reports, the directive remains on hold because of court orders in two other states).
Passengers on an NJ Transit train said their train bumped into an Amtrak train in Penn Station at the height of Friday's morning commute, damaging the side of the NJ Transit train and possibly knocking the Amtrak one slightly off the tracks, NBC New York reports.
Following Europe's surging PMIs (to six year highs), US data was extremely disappointing. Both Services and Manufacturing PMI disappointed, tumbling to the lowest levels since before the election. Simply put, the 'soft' data is converging back lower to the dismal reality of the 'hard' data.
For those curious if today's healthcare vote will take place during market hours, the answer is: it will be dicey. An email from the majority whip Steve Scalise notes that the tentative timing of today's vote will be sometime between 3:45pm and 4:45pm, with a walk off the Floor expected between 4:30pm and 5:30pm.
"Of course I know that the election campaign in France is actively developing," said Putin during his meeting with Le Pen. "We do not want to influence events in any way, but we reserve the right to talk to representatives of all the country's political forces."
Core Durable Goods Orders have risen YoY for 3 straight months (after 21 months of decline) but February saw growth slow dramatically (from 4.0% to 2.5%) as the 0.4% MoM gain missed expectations. Even more concerning is Capital Goods New Orders (non-defense, ex-aircraft) declined 0.1% MoM - the first drop since September.
"Considering that the passage or non-passage of the health care legislation was a veritable coin toss circumstance we moved to cover those short derivatives positions early in the day and took to the sidelines. We remain there this morning."
It's official: moments ago TransCanada said the U.S. Department of State issued a presidential permit for the construction of the Keystone XL Pipeline, ending a multi-year controversial, at times acrimonious debate over the future of the pipeline linking Canadian oil sands to U.S. refiners.
The latest evidence that rumors of Trumpflation trade's death are not greatly exagerated came overnight from Bank of America which reported that based equity funds saw net outflows of $8.9 billion, the largest in 38 weeks. The most impacted sector was, not surprisingly, banks - the biggest beneficiary of the post-Trump election victory rally, which suffered the biggest outflows in over a year.
The Russian Central Bank surprised markets when it unexpectedly cut interest rates by 25 bps to 9.75% (30 economists expected no change, 8 predicted a 25 bps cut), its first rate cut in four meetings or 7 months, as inflation, which has dropped from a peak of 17% to just 4.6% last month, appears to be under control.
Asian shares and S&P futures rose on optimism that today's rescheduled U.S. vote on health care will pass following Trump's Ultimatum to the Freedom Caucus. European stocks gave up some of Thursday’s gains, falling for the fourth time in five days, and moving further away from a 15-month high reached a week ago while the yen weakened for the first time in nine days.
"Republican congressional investigators expect a potential “smoking gun” establishing that the Obama administration spied on the Trump transition team, and possibly the president-elect himself, will be produced to the House Intelligence Committee this week."