TOP NEWS: Week 09/21 – 09/27

Weekend 09/26 & 09/27

Catalan Separatists Close to Majority, Election Exit Poll Projects – Bloomberg
A German Explains Why VW’s “Moral Demise” Is A Burden For The Entire Nation – Zerohedge
Saudi Arabia repatriates overseas funds – ft
It used to be a good thing that the US stock market wasn’t the US economy — not anymore – businessinsider
Catalonia holds ‘historic’ election on independence – france24Why Catalonia matters to Spain: the numbers – france24

Emerging market ETFs bleed $19bn so far this year – ft
As A Very “Grim” Earnings Season Unfolds, All Eyes Will Be On This Company – Zerohedge
The Volkswagen scandal: A mucky business – economist
Abenomics 2.0: Shinzo Abe tweaks his economic programme for Japan – economist
Catalan separatists eye election boost to defy Spain over independence – Reuters
Tesla will introduce the most important car of the year next week – businessinsider
$50 oil puts Saudi budget deficit beyond reach of spending cuts – Bloombergview
John Boehner’s resignation shows the wheels have come off the Republican party – qz
Boehner Leaves Chaos in the House and Clarity in the Presidential Election – Bloomberg
The world’s population will grow from 7.3 bn today to 9.7 bn by 2050, mainly in Asia and Africa – db
4 new S&P 500 ‘Ex-Sector’ ETFs by ProShares – etftrack


Friday 09/25

VW scandal: carmaker expected to name Porsche chief as new CEO – business live – guardian
Spanish Mortgage Lending Surges 48% as Homes Recovery Takes Hold – Bloomberg
Volkswagen’s best shot at a comeback now has the automaker right where Elon Musk wants it – qz
Let’s See What Republicans Learn From Losing Boehner – Bloombergview
Boehner Is Out: What This Means For Government Shutdown Odds And The Debt-Ceiling Fight – Zerohedge

China Capital Outflows Hit Record in August on Yuan Weakness – Bloomberg
UMich Consumer Confidence Tumbles To Lowest Since October, Worst Drop In 4 Years – Zerohedge

Catalan Election Concern Sends Spanish Stocks Into Bear Market – Bloomberg
US Services Economy “Bounce” Is Dead, “Warning Lights Are Flashing Brighter” – Zerohedge
Final Q2 GDP Revision Spikes To 3.9% From 3.7% On Jump In Consumer Spending – Zerohedge

European Stock Winners and Losers Upended as China Effect Reigns – Bloomberg
French Consumer Confidence Jumps to Eight-Year High on Cheap Oil – Bloomberg
UTES: new Active  US Utilities equity ETF by Reaves
QLC: new Smart-Beta U.S. Large Cap Equity ETF by FlexShares
Japan effectively downgrades view of economy – Marketwatch

Japan consumer prices fall for first time since launch of BOJ stimulus – Reuters
Goldman Cuts Coal Forecast as Indian Demand Seen Following China – Bloomberg
Scandal of Europe’s 11m empty homes – guardian


Thursday 09/24

Volkswagen scandal: German economy threatened as CEO quits – live – guardian
Fed still on track for rate hike this year, Yellen says – Reuters
Will Volkswagen’s scandal be the death of diesel? – Marketwatch
Nike beats estimates on high-margin product sales; orders jump – Reuters
Elections in Catalonia may launch a secession battle Europe is not ready for – economist
Impact Of China’s Economic Slowdown On Brazil – emergingequity
The Shale Party’s Over: “Closed” Bond Market Means “Restructuring Is Inevitable” – ZeroHedge
Brazil central bank ready to act to halt currency meltdown – Reuters
Yale endowment soars 11.5%, tops Harvard performance – cnbc
The Five Most Popular ETFs Launched This Year – Bloomberg
Resurgent India monsoon eases drought fears, boosts crop outlook – ct
Central banks will struggle to raise rates from zero: ECB’s Praet – Reuters
This is the only winning sector this quarter – cnbc
Recession Imminent – Kansas Becomes 6th Regional Fed Survey Flashing Red – ZeroHedge
Citi slashes its Twitter price target, and warns it’s ‘high risk’ – businessinsider
Caterpillar Shocker: Industrial Bellweather To Fire Up to 10,000; Slashes Revenue Outlook – Zerohedge
The hottest trade of the year could soon cool – cnbc
An Un”real” Move: Brazil Currency In Freefall After Record Low Consumer Confidence – ZeroHedge
British banks are far more exposed to China’s economic quagmire than any of their competitors – businessinsider
Another Regional Fed Survey Collapses – Chicago Activity Index Hits 6-Month Lows – ZeroHedge
ALBERT EDWARDS WARNS: The next US recession will surprise investors, and a desperate Fed’s next move will be unprecedented – businessinsider
Recession Countdown: Durable Goods Orders Drop Most Since March, Shipments Tumble – ZeroHedge

Norwegian Krone Drops to 13-Year Low as Central Bank Cuts Rates – Bloomberg
Glencore crashes lower than £100 for first time ever after Goldman Sachs says credit rating might be screwed – businessinsider

Aussie Tumbles on Rate Cut Fears – bk
BMW Drops on Report That X3 Diesel’s Emission Exceeded EU Limit – Bloomberg
Taiwan central bank is the latest to move over China fears – forexlive
German Business Confidence Rises in Sign of Resilient Recovery – Bloomberg
HSBC Thinks China Stocks Rout Is Nearly Over – Bloomberg
Japan September manufacturing PMI slows as export orders tumble – Reuters
Japan Manufacturing PMI: Operating conditions improve at weaker rate – markit


Wednesady 09/23

Volkswagen crisis and Chinese economy fears weigh on markets – business live – guardian
‘Stay away from the DAX’ as auto sector downgraded, Société Générale says – Marketwatch
Is The Bank Of Spain Quietly Pulling Its Gold From Catalonia Ahead Of This Weekend’s Vote? – Zerohedge
Volkswagen scandal is starting to weigh on the euro – Marketwatch
Palladium Rise to Two-Month High on China Auto-Emissions Push – Bloomberg
The Anatomy of Brazil’s Financial Meltdown – Bloombergview
Wall Street’s Biggest Dollar Boosters Are Throwing In the Towel – Bloomberg
Budget Deficit Explodes Higher In Portugal After Government Throws In Towel On Bad Bank Sale – Zerohedge
Citigroup Strategist: Central Banks Will Try to Monetize Government Debt When the Next Crisis Hits – Bloomberg
VW CEO Winterkorn Steps Down Despite Being “Unaware Of Any Wrongdoing” – Zerohedge
Despite Fed ‘Fold’, Emerging Market Currency Carnage Continues – Zerohedge
The Case for Credit: Three reasons why the outlook for developed credit markets remains constructive – pimco
US Manufacturing Economy Weakest In 2 Years As New Orders, Prices, Jobs Slow – Zerohedge
VW Had Previous Run-In With U.S. Regulators Over ‘Defeat Devices’ – cnbcnews
Draghi Says Time Needed to Judge If More Stimulus Necessary – Bloomberg
Bill Gross’ Latest: “Mainstream America Is Being Slowly Cooked Alive” – Zerohedge
ECB’s Nowotny Says He’s Wary of Expanding Bond-Buying Program – Bloomberg
Total Cuts Oil Output Target as Low Prices Expected to Persist – Bloomberg
Eurozone: Flash PMI rounds off best quarter for 4 years despite dip in September – markit
Germany PMI: New orders and employment rise at stronger rates – markit
Australian Stocks Sink to Two-Year Low on China Economy Concern – Bloomberg
Containing China’s Slowdown – ps

France: Output rises at modest rate in September – markit
Slower growth necessary for China’s health – financeasia
Chinese Factory Gauge Drops to Lowest Level Since March 2009 – Bloomberg
CHINA: Production declines further as total new orders fall at faster pace – markit
U.S. Government Shutdown Would Drag Down Dollar, Barclays Says – Bloomberg



Tuesday 09/22

Tsipras to form new Greek cabinet; VW scandal deepens – business live – guardian
Financial crisis lingers for boomers, Generation X – cnbc
MORGAN STANLEY WARNS: Americans are starting to do ‘dumb things’ with their money – businessinsider
Putting a Price on Volkswagen’s Emission-Fraud Mess – Bloomberg
France’s Tepid Recovery Hits Crossroads After Summer Soft Patch – Bloomberg
Greek Bank Review Holds Key to 3 Billion-Euro Payment, EU Says – Bloomberg
Volkswagen scandal may put car maker’s survival on the line – Marketwatch
Invesco: 75% of High Yield Issuers ‘in Good Fundamental Shape’ – barrons
The Drug With a 5,000 Percent Markup – theatlantic
GSLC: new Smart-Beta U.S. Large Cap Equity ETF by Goldman Sachs – etftrack
Gundlach: Longer-duration bonds would benefit from December hike – Reuters
Bad-Loan Hiatus Ending for Canada Banks as Oil and Economy Slump – Bloomberg
Italy to probe VW cars for possible smog test cheating – aljazeera
How UBS Spread the Pain of Puerto Rico’s Debt Crisis to Clients – Bloomberg
Volkswagen shares are getting crushed for a second day – businessinsider
ADB cuts Asian growth forecasts as China and India slow – bbc
Volkswagen emissions-cheating probe spreads to Asia – Reuters
Two scenarios for Turkish re-elections – hurriyet
Spanish banks warn of financial meltdown if Catalonia votes for independence – businessinsider
Former AVG investors build cyber security fund to chase growth – Reuters
China’s banking sector is as risky as Brazil’s: S&P – cnbc
This Startup Wants To Fix Everything Wrong With GoPros – Bloomberg


Monday 09/21

Greek elections: Tsipras to be sworn in as PM again – live updates – guardian
Biotech falls on Clinton ‘price gouging’ comments – cnbc
The Mystery Of The “Missing Inflation” Solved, And Why The US Housing Crisis Is About To Get Much Worse – Zerohedge
Euro – Look Out Below! – bk
Elderly Japanese Population Hits New Record – Demographic Death-Rattle Continues – Zerohedge
HSBC’s technical analysis chief: The US stock market ‘is putting in a bigger top than eight years ago’ – businessinsider
This is the one thing that matters to the Fed – businessinsider
What On Earth Is Going On With Caterpillar Sales? – Zerohedge
Sales of Existing U.S. Homes Fell More Than Forecast in August – Bloomberg
Housing “Brightspot” Burns Out – Existing Home Sales Plunge Most In 7 Months – Zerohedge
Goldman Sachs Has Some Bad News for Investors Who Like to Pick Stocks – Bloomberg
“US Profit Growth Has Never Been This Weak Outside Of A Recession” – Zerohedge
Yellen Pause Ups Pressure on Draghi as Global Pessimism Mounts – Bloomberg
Volkswagen Drops 23% After Admitting Diesel Emissions Cheat – Bloomberg
The Rent Crisis Is About to Get a Lot Worse – Bloomberg
El Niño: a global weather event that may save California — and destroy the tropics – guardian
China’s Xi Jinping Arriving in U.S. at a Moment of Vulnerability – nyt
Trading Meat for Tires as Bartering Economy Grows in Greece – nyt
The Rage of the Bankers – nyt
Japan Monetary Policy Outlook—One Dream, One Team – wisdomtree
India Could Become A Top Three Global Market Says RB Global CEO – forbes
These are the 20 biggest hedge funds in the world – businessinsider
Asia Stocks Slide With U.S. Futures as Bonds Gain on Growth Woes – Bloomberg

Oil Speculators Most Bullish in Two Months as OPEC Calls for $80 – Bloomberg
Canada: No pressure on BoC for further easing – ING – fxstreet
Volkswagen Shares Decline After U.S. Recall – nyt
De-Dollarization: Russia Wants Firms To Default On Western Loans, Ban Firms From Using FX/FX Loans – emergingequity
A weaker currency can sometimes be bad for growth – cnbc
Fed’s delay is an opportunity for the ECB to do more – BNP Paribas – fxstreet
BOJ brainstorms stimulus overhaul as options dwindle -sources – Reuters
Morgan Stanley’s Pioneer of China Investing Falls on Hard Times – Bloomberg
Capital flight from China: Flow dynamics – economist
There’s no way around it: Brazil is a disaster – businessinsider
The two Mexicos – economist

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