TOP NEWS: Week 10/10 – 10/16

Weekend 10/15 & 10/16

Italian Bank Merger Wins Backing as Hurdles Remain to More Deals – Bloomberg
Gundlach says Yellen speech suggests accommodative Fed for longer – Reuters

China Property Boom Spurs Fear of Bubble’s Burst – nyt
September Global Auto Sales Hit Record High Thanks To China’s New Car Bubble – Zerohedge
Will the “fiduciary rule” mean that active and “smart beta” ETFs get left behind? – Marketwatch

 

 

Friday 10/14

Business Live – guardian

Twitter Shares Fall on Report That Salesforce Won’t Bid – Bloomberg
US Oil Rig Count Rises For 16th Straight Week To 8-Month Highs – Zerohedge
US Economy To Grow Just 1.4% In 2016 After Atlanta Fed Slashes Q3 GDP To 1.9%, Half Its Original Estimate – Zerohedge
A Child Born Today Comes Into the World With More Debt Than You – Bloomberg

“Flash Crash Mastermind” Navinder Sarao To Be Extradited To The US, Faces Up To 380 Years In Jail – Zerohedge
Consumer Confidence Crashes To 2-Year Lows, Election Blamed – Zerohedge
US Retail Sales Growth Slumps To Weakest Since Nov 2015 – Zerohedge
Producer Prices Rise Most Since 2014 After Jump In Gasoline, Investment Advisory Costs – Zerohedge

Deutsche Bank Stress Signal Eases as Bond Sale Bolsters Finances – Bloomberg

Renzi Gambles All on Referendum Haunted by Weak Economy – Bloomberg

Deutsche Bank considers thousands more job cuts: source – Reuters
JPMorgan earnings: $1.58 per share, vs. expected EPS of $1.39 – cnbc

Thailand faces uncertainty, grief without King Bhumibol – Reuters

Yuan Set for Biggest Weekly Drop Since January as Pressures Rise – Bloomberg

The rich aren’t getting richer these days – businessinsider
Deutsche says wealth management outflows not significant – Reuters
China’s Days of Exporting Deflation May Be Drawing to a Close – Bloomberg
China producer prices end multiyear negative run – Marketwatch
HP workers brace for 4,000 more job cuts over the next 3 years – businessinsider

 

 

Thursday 10/13

Business Live – guardian

Why the US confronted Iranian-backed militants in Yemen, and the risks that lie ahead – businessinsider
EU Seeks €20 Billion Brexit Divorce Settlement – Zerohedge

China Exports Sink, But Shrinking Imports May Matter More – piie
Thailand’s heir apparent Maha Vajiralongkorn raises fears – and eyebrows – guardian
Something Really Strange Is Happening In Markets With Implications For USD – Deutsche Bank – efxnews
Deutsche Bank Sees Yuan Falling 17% as Outflows Accelerate – Bloomberg

Australia’s economy has grown for 25 years, but it’s come at a cost – businessinsider
China Exports Fall Most in Seven Months, Adding to Yuan Pressure – Bloomberg

 

 

Wednesday 10/12

Business Live – guardian

Fed Minutes Suggest Yellen Made the Difference in ‘Close Call’ – Bloomberg
BNP Paribas to cut jobs, branches in Italy: sources – Reuters

Pimco took part in Deutsche Bank bond offerings: source – Reuters
Lira Poised for Record Low as Deficit Adds to Turkish Risks – Bloomberg
Stocks Slide As ECB Hints At Delaying Additional Asset-Buying Decision – ZeroHedge

ECB may review QE options but decision could be put off until Dec – Reuters

Pound slumps to 168-year low – ft

Even More OPEC Confusion: Unclear Who Cuts First, If Anyone, As Production Hits New Record High – Zerohedge

Lloyds Banking Group cuts a further 1,200 jobs – Reuters

Germany’s Banking Problem Is Bigger Than Deutsche Bank – wsj
Deutsche Bank Said to Boost Size of Private Dollar Bond Sale – Bloomberg

“We Didn’t Know Things Were This Bad” – Ericsson Shares Plunge 17% After Shocking Profit Warning – ZeroHedge
Samsung Elec cuts Q3 operating profit guidance on Note 7 impact – Reuters

Pound Rallies as May Agrees to Let Lawmakers Debate Brexit Plan – Bloomberg
Moody’s: Australia’s economy displays resilience to commodity price declines, but external financing risks linger – MOODYS
Here’s what could spark a housing market collapse in Australia – businessinsider

Thai Stocks, Currency Plunge On Concerns Over King’s Health, Fed Hike – Zerohedge
PBOC Fuels Depreciation Talk as It Weakens Fixing for Sixth Day – Bloomberg

 

 

Tuesday 10/11

Pound under more pressure as City fears cost of hard Brexit – business live – guardian

Fed Minutes Could Show Strength of Hawkish Rebel Camp in FOMC – Bloomberg
Implications of the weaker sterling for the UK economy – berenberg
IMF/World Bank Meetings: A Fiscal Response to the Populist Revolt – pimco
Barclays Warns The Party Is Almost Over As Payouts Exceed Cash Flow By $115 Billion – Zerohedge

Aussie Property Bubble On A Scale Like No Other – Zerohedge

Alcoa Falls as Earnings Fizzle Takes Shine Off Split Plans – Bloomberg
Japan Passes $32 Billion in Extra Economic Stimulus, But Some Seek More – wsj

Dollar Dominates Trade – bk

Hard Brexit will cost Treasury up to £66bn a year, ministers are told – guardian

Samsung Ends Production of Note 7 After Global Recall, New Fires – Bloomberg
Note 7 fiasco could burn a $17 billion hole in Samsung accounts – Reuters

Alcoa’s earnings report missed the mark, in more ways than one – Marketwatch
Foreigners are buying Chinese bonds faster than ever before – businessinsider

China banks may need $1.7 trillion injection as credit quality worsens: S&P – Reuters
Japan’s Current Account Widens to 2.0 Trillion Yen Surplus – Bloomberg
The Australian dollar has been in the wars today – businessinsider

RBNZ Still Expects to Cut Interest Rates to Fresh Record Low – Bloomberg
Greece gets positive review but euro zone withholds part of new loan payment – cnbc

 

 

 

Monday 10/10

Business Live – guardian

China has a new plan to cut corporate debt – Reuters
Saudi Arabia Launches Bond Deal As Oil Spikes Above $50 On Latest Chatter Of Russia, Saudi Output Freeze – Zerohedge
Oil Spikes Above $50 As Russia, Saudis Hint At Output Freeze; Saudi Arabia Launched Bond Deal – Zerohedge
Oil Rises as Saudis, Russia Express Optimism for Output Deal – Bloomberg
Emerging-Market Stocks Back to Pre-Taper Tantrum Values: Chart – Bloomberg
Portugal’s Bonds Rise as Finance Minister Sees DBRS ‘Positive’ – Bloomberg

ECB Allowed Deutsche Bank To Cheat In Latest Stress Test, FT Reports – Zerohedge
Hart and Holmstroem Awarded 2016 Nobel Prize in Economics – Bloomberg

Twitter Shares Fall in Frankfurt After Deal Interest Cools – Bloomberg

Over 55s in England housing wealth worth more than Italian GDP – sky

RBS shares fall on report showing bank pushed businesses into default – Marketwatch
SAUDI OIL MINISTER: OPEC should be very careful not to ‘shock the market’ – businessinsider
Saudi Banking Stocks Cheaper Than Ever as Pressure Mounts: Chart – Bloomberg

Chinese debt is on an ‘unsustainable path’ – businessinsider
Stocks Levitate After Dramatic Debate; Yuan Tumbles To 6 Year Low; Bonds Closed For Columbus Day – Zerohedge
Nigerian Banking Industry Seen in ‘Full Blown Financial Crisis’ – Bloomberg

German exports beat forecasts with August surge – Marketwatch

Deutsche Bank falls after no deal reached with DoJ – Reuters
Mexican peso gains after 2nd presidential debate, Trump video fallout – Marketwatch
Kuroda Signals BOJ May Delay Hitting Inflation Target to 2018 – Bloomberg
Services sales, exports fall post-Brexit vote: BCC – Marketwatch
The Chinese yuan just fell to a 6-year low against the US dollar – businessinsider
Chinese Developers Tumble Most in Two Weeks on Property Curbs – Bloomberg
Samsung halts production of troubled Galaxy Note 7 phone – cnn
Caixin China services PMI drops slightly – Marketwatch

Leave a Reply

Your email address will not be published.

*
*
Website

*