TOP NEWS: Week 09/28 – 10/04

Weekend 10/03 & 10/04

The Unwind Of QE Means The “S&P Should Be Trading At Half Of Its Value”, Deutsche Bank Warns
Australia Is “Going Down Under”: “The Bubble Is About To Burst”, RBS Warns – Zerohedge



Friday 10/02

Markets rise ahead of US jobs report – live updates – guardian
DoubleLine’s Gundlach says risk assets globally face ‘another wave down’ – Reuters
Turkey’s government plays a two-faced role in the regional refugee crisis – economist
US Factory Orders Flash Recession Warning – Drop YoY For 10th Month In A Row – Zerohedge
Time to worry about the manfacturing-skills gap – cnbc
BNP: The jobs report was a ‘game changer’ – businessinsider
Payrolls Disaster: Only 142K Jobs Added In September With Zero Wage Growth; August Revised Much Lower – Zerohedge
Walmart Cuts 450 Jobs at Headquarters to Be ‘More Nimble’ – nyt
Ratings agency Fitch cuts global growth forecast to 2.3 per cent, weakest since financial crisis – scmp
Deutsche Bank just hiked its GDP forecast for Germany because of its migration surge – businessinsider

Spain is hurdling towards political breakdown – businessinsider
It’s the worst ever golden week, say Hong Kong retailers – scmp
Capital Flows to Emerging Markets – iif



Thursday 10/01

Chinese factory output keeps shrinking, but stock markets rally – business live – guardian
Global Coffee Shortage Looms as Market Braces for Climate Change – Bloomberg
El-Erian: Emerging markets are ‘completely unhinged’ – cnbc
Chinese Cash Flow Shocker: More Than Half Of Commodity Companies Can’t Pay The Interest On Their Debt – Zerohedge
Glencore’s Wild Ride Has Investors Asking: Can It Happen Again? – Bloomberg
The Best And Worst Performing Assets In September, Q3 And 2015 YTD – Zerohedge
U.S. Is Net Oil Exporter to Mexico for First Time in Two Decades – Bloomberg
ISM Manufacturing Weakest Since May 2013 Amid Collapse In New Orders – Zerohedge
US Manufacturing PMI Stagnates at 2-Year Low With Weakest Employment Since June 2013 – Zerohedge
Deflation Warning: The Next Wave – Zerohedge
Uncertainties around China and prospect of Fed tightening create an inflection point, not turning point, for global market outlook – russell
This Is The Endgame, According To Deutsche Bank – ZeroHedge
EUR: Fed Hike & ECB QE2; October Outlook & Forecast – BofA Merrill – efxnews
In Latest Sign Of EM Chaos, Turkey’s FX Reserves Fall Below Key Threshold Ahead Of Pivotal Elections – Zerohedge

Canada: PMI signals sharpest deterioration in business conditions in survey history – markit
Brazil: Manufacturing recession eases at end of third quarter – markit
Emerging Market Net Capital Flow Negative in 2015-IIF – nyt
Kenya launches first mobile-only bond – cnbc
Eurozone Manufacturing expands at modest pace through third quarter – markit
Growth slows and confidence sinks for UK manufacturers – bbc
German PMI falls slightly, but rounds off best quarter for over a year – markit
French manufacturing sector returns to expansion territory in September – markit
Italy: Manufacturing PMI at 7-month low, but still signalling growth – markit
Spain: PMI drops to 21-month low in September – markit
Strategist Known as Mad Dog Says Yen Can Reach 100 Vs Dollar – Bloomberg
India: Manufacturing loses growth momentum in September – markit
PIMCO sees a 7% devaluation in the yuan as Chinese economy slows – forexlive
China’s Official Factory Gauge Stabilizes Near 3-Year Low – Bloomberg
Taiwan: PMI continues to signal marked deterioration in operating conditions – markit
Growth in the Japanese manufacturing sector slowed in September – markit
Putting China’s “Devaluation” in Context – wisdomtree


Wednesday 09/30

Markets suffer worst quarter since 2011 after $11tn rout – live updates – guardian
Carl Icahn says ‘joyride’ for stock market is over – Marketwatch
Risky Strategy Sinks Small Hedge Fund – nyt
Brazil Said to Consider Key Rate Hike If Budget Plan Derails – Bloomberg
Bad quarter for stocks; dire one for commodities – cnbc
Government Avoids Shutdown: House Passes Bill To Keep Funding Through December 11 – Zerohedge
Brazilian Nightmare Worsens On Bad Budget Data, Record Low Confidence, Horrific Government Approval Ratings – Zerohedge
$18 Trillion In Emerging Market Corporate Debt: Insolvency Risk? – barrons
Even Evercore ISI Is Now Using The “R” Word, And What Happens Next – Zerohedge
Japanese Pension Funds Find New Ways To Lose Money, Will Blow Retirement Funds On Junk Bonds – ZeroHedge
Chicago PMI “Bounce” Is Dead – PMI Plunges Back To Recessionary Levels – Zerohedge
Another Regional Fed Survey Collapses – ISM Milwaukee Crashes To 2009 Lows – Zerohedge
US Private payrolls grew more than expected in September – businessinsider
ECB Will Boost QE By 120% To €2.4 Trillion, S&P Predicts – Zerohedge
Euro-Area Inflation Rate Turns Negative as ECB Debates Stimulus – Βloomberg
Are you ready for the next bear market? – fortune
U.S. dollar share of FX reserves dips in Q2, euro’s at 13-yr low – Reuters
More Shocks Seen Roiling Commodities After Worst Drop Since 2008 – Βloomberg
Hong Kong sees 2-4 percent growth as ‘new normal’, no change to dollar peg – Reuters
Czech Economy Grows Faster Than Reported, Most Since 2007 – Bloomberg
Austerity a vote-winner? This poll could be a shocker – cnbc
German Unemployment Unexpectedly Rises in Sign of Economic Risks – Bloomberg
Japan output slide hints at recession – Marketwatch
Japan retail sales rise 0.8% in August on year – Marketwatch

Has Indonesia’s president lived up to expectations? – bbc
Taiwan Dollar Poised for Worst Quarter Since 2011 Amid Outflows – Bloomberg
Tesla delivers Model X electric SUV to take on luxury carmakers – Reuters


Tuesday 09/29

Asian markets hit by commodity rout, but Glencore shares rebound – business live – guardian
Why The Fed Can’t Stop The Next Market Crash – Zerohedge
Crude Tumbles After API Reports Surprisingly Large Inventory Build – Zerohedge

Warren Buffett cuts Munich Re stake to below 10% – Reuters
BofA Sees Junk-Bond Train Wreck as Pain Spreads Across Market – Bloomberg
Nikkei to regain momentum, seen up 15 percent in 2015 on stimulus hopes: Reuters poll – Reuters
Carl Icahn Darling Chesapeake Energy Fires 15% Of Its Workforce – Zerohedge
BofA Said to Cut Dozens of Traders, Bankers as Revenue Drops – Bloomberg
The oil crash just gave this industry its best quarter in 7 years – businessinsider
Investment Grade Credit Risk Hits 2 Year High (And Why That’s A Disaster For Stocks) – Zerohedge
Credit Suisse: There’s a Growing Threat of a Major Top in the S&P 500 – Bloomberg
Consumer Confidence Spikes Near 8-Year High Amid Global Turmoil But “Hope” Fades – Zerohedge
Case-Shiller Home Prices Disappoint (Again), Tumble Most In 13 Months – Zerohedge
Romanian Premier Wins Confidence Vote as Graft Trial Looms – Bloomberg
IMF Flashes Warning Lights for $18 Trillion in Emerging-Market Corporate Debt – wsj

`Cold Fusion’ Needed as Central Banks Look for Help With Growth – Bloomberg
German inflation could slip to zero in Sept, state data suggests – Reuters
Malaysia faces another bond litmus test as contagion worries grow – Reuters
Going down: Goldman cuts forecasts for S&P 500 – cnbc
Copper Flirting With Key Long-Term Support Into Month-End: Analysis – Bloomberg
GOLDMAN: China’s economic slowdown will be bumpy and last for years – businessinsider
Euro-Area Confidence Unexpectedly Rises on Industry, Services – Bloomberg
Glencore faces balance sheet ‘Armageddon’ – businessinsider
Caterpillar digs hole for world economy – cnbc
Asian Stocks Tumble Amid Glencore-Led Rout as Credit Risk Soars – Bloomberg
Spanish inflation dives, falls to -1.2% – Marketwatch
Vietnam growth accelerates to 6.81% – Marketwatch
August Rout Means 32% of Chinese Hedge Funds Losing Money – Bloomberg
Glencore’s Trading `Black Box’ Leaves Analysts Split on Future – Bloomberg

Rajan Unexpectedly Cuts India Rate More Than Economists Expected – Bloomberg
Australia Mining Stocks Have Never Mattered Less After 21% Slump – Bloomberg

Gender inequality is costing the world $28 trillion – qz
Bond Investors Win No Matter Who Loses the Portuguese Election – Bloomberg

IMF currency study shows power of devaluation – guardian
Morgan Stanley Has Given Up on Energy Stocks – Bloomberg


Monday 09/28

Chinese growth fears and Catalan vote weigh on markets – business live – guardian
Mexico Extends Intervention After Currency Hits Record Low – Bloomberg
Nasdaq Composite completes the ‘death cross’ grand slam – Marketwatch
MLP Investors, Driven by Disappointment with Williams Deal, Rush for Exits – barrons
S&P 500 Shows Pattern Similar to Start of Last Two Bear Markets – Bloomberg
Canada Stocks Fall as Commodities Producers Slide to 7-Year Low – Bloomberg
HSBC raises year-end euro forecast to $1.14 – Marketwatch
From Ferraris to Cement, Europe’s Rich Families Turn Dealmakers – Bloomberg
Glencore is Having a Terrible Day, Credit Default Swap Edition – Bloomberg
Zambia’s Kwacha Falls Most Since 2001 After Moody’s Downgrade – Bloomberg
|Goldman: Get Ready For Another Bumpy Ride This Earnings Season – Bloomberg
Cantor: Republicans won’t shut down the government – cnbc
Glencore Slumps Most Ever as Investec Sees Value Evaporating – Bloomberg

Catalonia’s Push for Independence Falls Short of Majority – Bloomberg
Catalan vote pressures Spain ahead of general election – afp
Alcoa to split into two publicly traded companies; shares jump 5.6% – Marketwatch
Spain readies fight to keep Catalonia after vote – cnbc
Why Catalan Elections Results is a Big Risk To the Euro – bk
Qatar commits to invest $35 bln in United States – Reuters

Big-money investors get active in volatile times – cnbc
Another Year Near Zero? – Bloombergview
Volkswagen’s scandal is ‘worse than Enron’ and reports say the company was warned about ‘cheat’ devices – businessinsider
No let-up for Volkswagen as scandal spreads to Audi – cnbc

U.S. Junk Bond Rout Pushes Yields Past 8% as Treasuries Gain – Bloomberg
China Stocks Fall to One-Week Low on Slumping Industrial Profits – Bloomberg
Catalan Separatism Refuses to Die as Mas Claims Mandate With 48% – Bloomberg
Shell to cease further exploration in Alaska – Reuters
Vodafone says Liberty Global tie-up talks ended – Reuters
German Transport Authority Asks VW to Present Car Clean-Up Plan – Bloomberg
How Sweden’s negative interest rates experiment has turned economics on its head – telegraph
The “Hard-Landing” Has Arrived: Chinese Coal Company Fires 100,000 – Zerohedge

Exit polls: pro-Catalan independence parties likely to win – live – guardian
Global regulators reach agreement on bail-in bonds plan for top banks – Reuters

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