TOP NEWS: Week 10/24 – 10/30

Weekend 10/29 & 10/30

Prices Are Skyrocketing, But Only For Things You Actually Need – Zerohedge
BOE’s Carney May Announce Decision To Step Down This Week – Zerohedge

Friday 10/28

WTI Tumbles To $48 Handle After Iraq, Iran Refuse To Freeze Output; OPEC Admits “It’s Getting Complicated” – Zerohedge
Asset Managers Bleed $50 Billion as Industry Crisis Deepens – ZeroHedge
Moody’s Warns Deutsche Bank Is Dangerously Close To Falling Below Its “Default Point” – Zerohedge
BNP’s Capital Relief Should Be Contagious – wsj
US Consumer Confidence Crashes To 2 Year Lows – Zerohedge
Q3 GDP Jumps 2.9% On Rise In Inventory And Exports, Offset By Weak Consumption And Investment – Zerohedge


Thursday 10/27

Business Live – guardian

Amazon Plunges After Missing Earnings, Guides Below Expectations – ZeroHedge
Bank Jog: Deutsche Bank’s Demand Deposits Tumble By 13% In Q3 – ZeroHedge

Inflation Fear Fuels Bond Rout – wsj
US Real Estate Stocks Plunge To 7 Month Lows As Rate Hike Odds Soar – ZeroHedge
Here’s Why USDJPY Broke 105 – bk
Core Durable Goods Orders Extend Longest Non-Recessionary Streak In US History As Business Spending Plunges – ZeroHedge
Qualcomm Buys NXP For $47 Billion: Biggest Semiconductor Deal Ever – ZeroHedge
BOE Buys About 2 Billion Pounds of Company Debt in Brexit Buffer – Bloomberg
Venezuela Throws In The Towel On Hyperinflation: Will Print 200x Higher-Denominated Bills – ZeroHedge
Twitter Beats Revenue, User Estimates and Cuts 9% of Workforce – Bloomberg


Wednesday 10/26

£84bn Brexit black hole warning looms over the City – business live – guardian

Stock Funds Suffer Biggest Outflow Since 2011; Hedge Funds Most Since 2009 – ZeroHedge
BOJ’s JGB Purchase Target Is Seen Fading Away Before Too Long – Bloomberg

Another Black Market Record for Plunging Egypt Currency: Chart – Bloomberg

Germany Approves 4 Percent Rise in National Minimum Wage – nyt

Gundlach Says ‘Look Out’ for Exploding Deficits in 2018-2020 – Bloomberg

Japanese Fleeing Negative Rates Take Refuge in Indian Yields – Bloomberg
This analyst thinks China’s enormous debt isn’t worth worrying about, yet – businessinsider
Australian inflation rises higher than forecast – Marketwatch
China’s Banks Are Running Out of Ways to Keep Profits Growing – Bloomberg


Tuesday 10/25

Japanese stock market hits six-month high as dollar rallies – business live – guardian

Apple revenue dips, but rebound expected – Marketwatch
SocGen Presents The “Toxic” Difference Between QE In The US And Japan – Zerohedge

China Can Resist a Crash But Can’t Prevent One – Bloomberg
NATO seeks troops to deter Russia on eastern flank – Reuters
Cure for Negative Rates Is Fiscal Policy in This Nordic Example – Bloomberg
Draghi in Berlin Asks for Action to Reverse Long-Term Rate Slide – Bloomberg
ECB aware ultra-low rates have rising cost: Draghi – Reuters
Consumer Confidence ‘Bounce’ Dies, Plunges Most In 11 Months – Zerohedge
Caterpillar Warns Of “Economic Weakness Throughout Much Of The World”, Cuts Guidance – Zerohedge
UK government gives green light to Heathrow expansion – cnbc

Gulf Banks Feel the Pain as Investors Wonder What Will Come Next – Bloomberg

Austria’s 70-Year Debt Sale Expands Europe’s Ultra-Long Universe – Bloomberg

European stocks gain as German business mood rises to 2.5-year high – Marketwatch
Monte Paschi Swings to Quarterly Loss on Loan-Loss Provisions – Bloomberg
N.Z. Central Bank to Publish Cash Rate Forecasts From November – Bloomberg

It’s 0.3% Inflation or Bust for Any Chance of Australia Rate Cut – Bloomberg

Chinese commodity futures just staged a gravity-defying rally – businessinsider
Monte Paschi to Cut 2,600 Jobs, Sell Units in Rescue Plan – Bloomberg
Property Boom Supported Korea’s Economy in Third Quarter – Bloomberg


Monday 10/24

Business Live – guardian
World Markets Live – cnbc

Twitter set to slash 8% of workforce: report – Marketwatch
Loonie Soars After BOC’s Poloz Says Fiscal Stimulus Has Eased Pressure For Lower Rates – Zerohedge

Currency Volatility Falls to Lowest This Year Before U.S. Vote – Bloomberg

Europe’s Banks Think They’re Incredibly Safe – Bloomberg

Caterpillar Retail Sales Decline For 46 Consecutive Months; Worst Month For North America Since 2010 – Zerohedge

U.S. manufacturers record strongest upturn in business conditions for 12 months in October – markit
Angola Becomes China’s Largest Oil Supplier As Beijing Stockpiles Record Amounts Of Crude – Zerohedge
A referendum unleashes forces that could change Europe. Again. – Bloomberg
China’s HNA Group Acquires 25% Stake In Hilton For $6.5 Billion – Zerohedge
Canada Sticks With G-7’s Longest-Running Inflation Target – Bloomberg
Monte Paschi Extends Gains as CEO Prepares New Business Plan – Bloomberg

Bitcoin Jumps to Three-Month High as Yuan Weakness Fuels Buying – Bloomberg

North Face Owner Falls After Calling Retail Climate ‘Sluggish’ – Bloomberg

Inflows At U.S. ETFs Rose To $5 Billion Last Week – barron’s
BOJ Warns Banks May Take Excessive Risks to Stay Profitable – Bloomberg

Oil Investors Ease Back as Market Steadies Before OPEC Talks – Bloomberg
Do you want to know where Morgan Stanley are looking to short AUDUSD? – forexlive
Cold war 2.0: how Russia and the west reheated a historic struggle – guardian
Euro-Area Economy Gathers Momentum as Price Pressures Increase – Bloomberg

GERMANY: Activity growth rebounds as service providers pull out of their recent funk – markit

FRANCE: Stronger manufacturing growth fails to offset slower services expansion – markit

Key Events In The Coming Week – Zerohedge
Philips profit up 18%, lifted by health-care unit – Marketwatch

Couples in China are getting divorced so they can buy more houses – businessinsider
Mobius Doubles Down on India as Fund Exodus Seen Fleeting – Bloomberg

ChemChina has not offered concessions over Syngenta deal – Reuters
JAPAN: Manufacturing conditions improve at fastest pace since January – markit
Here’s the Real Winner from the AT&T-Time Warner Merger – barrons
The Chinese Buyers Are Back: China Oceanwide Acquires Genworth For $2.7 Billion – Zerohedge
Japan’s Exports Drop for 12th Month in Dismal Year for Trade – Bloomberg
Spain Prepares for Government at Last as Bonds Back Breakthrough – Bloomberg

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