TOP NEWS: Week 10/03 – 10/09

Weekend 10/08 & 10/09

There’s One Very Simple Reason Why Precious Metals Were Pummelled This Week – Zerohedge
Deutsche Bank CEO Returns Home Empty-Handed After Failing To Reach ‘Deal’ With DOJ: Bild – Zerohedge
Norway Announces Massive Withdrawals From Sovereign Wealth Fund To Cover Deficits – Zerohedge
Deutsche Bank Raises $3 Billion In Debt, As Hedge Fund Explains What Its “Bail-In” Would Look Like – Zerohedge
Deutsche Bank sells $3 billion bond as investors seek spread – Reuters
Draghi Points to 2019 as Time for Inflation Mission Accomplished – Bloomberg
President Trump vs. President Clinton: What it means for your money – USATODAY


Friday 10/07

Business Live – gaurdian

Consumer Credit Has Second Biggest Jump On Record, As Student And Car Loans Soar – Zerohedge
Wholesale Inventories Contract For First Time In 6 Years, GDP Hockey-Stick ‘Guesses’ At Risk – ZeroHedge
Rumor Of Qatar Investment In Deutsche Bank Denied; Speculation Of A $1.2 Billion Margin Call Remains – ZeroHedge
Gold “Pounded” As Someone Dumps Over $2 Billion In Under A Minute – Zerohedge
Canada Churns Out Most Jobs Since 2012 to Shake Off Oil Gloom – Bloomberg

Payrolls Rise 156K, Missing Expectations, Unemployment Rate Rises To 5.0% – Zerohedge
Brexit will cause the pound to fall to €1 and $1.10 by end of 2017, HSBC predicts – independent
German Production Jumps Most Since January on Investment – Bloomberg

Paschi Said to Plan Debt-Swap Deadline Before Italian Poll – Bloomberg
As China Property Flashes Red, Australia Sees Iron Below $50 – Bloomberg

Goldman Sees ‘Buying Opportunity’ If Gold’s Slump Gets Worse – Bloomberg
China forex reserves shrink at a faster pace – Marketwatch
Pound is the Latest Flash Crash That Traders Won’t Easily Forget – Bloomberg
Deutsche Bank Said to Weigh Capital-Raising Options With Banks – Bloomberg
EU must be firm on ‘hard’ Brexit, warns Francois Hollande – sky


Thursday 10/06

Business Live – guardian

German CEOs Said To Offer “Single-Digit Billions” Capital Injection To Deutsche Bank – Zerohedge
Pound Rally Didn’t Last Long as Brexit Concern Sparks Selling – Bloomberg

Stocks Spike Green After Constancio Denies Report ECB “Near Taper Consensus” – Zerohedge
Gold just tumbled below a key technical level – Marketwatch
Deutsche Bank announces extra 1,000 jobs to go in Germany – cnbc

Initial Jobless Claims Drop To 43-Year Lows – What Now – Zerohedge
Top Forecaster Sees Dollar Gain With Either Trump or Clinton – Bloomberg
WTI Crude Tops $50 – Zerohedge
Global Bonds Retreat as Stimulus Outlook Upended a Second Time – Bloomberg
Something Strange Is Going On In Switzerland: “Is Someone Trying To Buy The Swiss National Bank” – Zerohedge
Japanese Investors So Desperate for Yield They’ll Buy U.S. Munis – Bloomberg
Citi says ‘time to buy’ European banks – Reuters

Portugal Sees DBRS Maintaining Nation’s Investment-Grade Rating – Bloomberg
IMF Warns on European Banks – hb

Nobel laureate Stiglitz sees Italy, others leaving euro zone in coming years – cnbc

German Factory Orders Surge as Domestic Demand Rebounds – Bloomberg

UBS: Australia’s $2 billion trade deficit could be wiped within months – businessinsider

The New ‘Too Big To Fail’ – EU Proposes Taxpayer-Funded Derivatives System Bailout – Zerohedge
This table from HSBC explains the difference between a ‘hard’ and ‘soft’ Brexit – businessinsider

Fed’s Fischer Says Central Banks Need Fiscal Help to Spur Growth – Bloomberg



Wednesday 10/05

Brexit fears send pound to new lows against dollar and euro – Business Live – guardian

Twitter stock plunges 10% after hours on report that Google won’t make a bid – businessinsider
Fitch: More Chinese Cities to Take Steps to Slow Rise in Home Prices – Reuters
Central Banks on QE Highway Worry About Running Out of Road – Bloomberg
Fed’s Lacker says there are signs inflation is heating up – Reuters

Investors piled into ETFs during Q3 – Marketwatch
Factory Orders Decline For 22th Straight Month – Longest Non-Recessionary Streak In US History – Zerohedge
ISM Services Jumps Most In History Despite “Business Optimism At Lowest Level Since Financial Crisis” – Zerohedge
Economic Recovery Won’t Be Enough for 25% of Banks, IMF Says – Bloomberg

Egyptian pound tumbles to record low on the black market – Marketwatch

Trade Deficit in U.S. Widens as Olympics Drive Imports Higher – Bloomberg

ADP Employment Tumbles Near 3-Year Lows As Manufacturing Slump Continues – Zerohedge

BlackRock Cuts Prices on ETFs Anticipating Greater Passive Shift – Bloomberg

Eurozone PMI at 20-month low as growth slows in Germany, Italy and Spain – markit

Negative-Yield Contagion Spreads as Draghi Mania Moves East – Bloomberg

Here’s where Citi thinks you should put your money over the next 12 months – businessinsider
Trump’s Presidential Chances Are Pushing Traders Toward the Yen – Bloomberg
GERMANY: Further fall in headline services PMI rounds of worst quarter in over three years – markit
FRANCE: Services Activity rises at strongest rate in 15 months – markit

Gold Bugs Are Watching the Wrong Central Bank – Bloomberg
Gold Looks 25% Overvalued According to Deutsche Bank’s Chief Global Strategist – Bloomberg
Gold Investors Race to Exit in Biggest Futures Slump Since 2013 – Bloomberg

Fed’s Evans Says Hike Imminent, Wants Clearer Communication – Bloomberg
JAPAN: Service sector activity contracts at sharpest pace since April 2014 – markit



Tuesday 10/04

Business Live – guardian

HSBC’s Major Sees at Least Five More Years of Low Bond Yields – Bloomberg
One Big Sale by Franklin Templeton Gutted Australia-Debt ETF – Bloomberg
Jeff Gundlach thinks a ‘pivot’ is coming to economic policy — and everyone is looking the wrong way – businessinsider
Brazil’s problems keep piling up – cnn
ECB Spokesman Denies The Governing Council Has Discussed Tapering – Zerohedge
Will ECB Announce Tapering In December? – barrons
US Considering Air Strikes On Assad Regime After Top General Warns It Could Lead To War With Russia – Zerohedge

China Shocker: A Quarter Of All Companies Can’t Pay The Interest On Their Debt – Zerohedge
Top-Performing Gold Miner Says Bull Run Intact as Fed Hands Tied – Bloomberg
Why gold’s plunge below $1,300 may be a buying opportunity – Marketwatch
EUR Surges On Report ECB Near Consensus To Taper QE Before Its End – Zerohedge
ECB Said to Build Taper Consensus as QE Decision Time Nears – Bloomberg
New York ISM Employment Crashes At Fastest Pace Ever To 7-Year Lows – Zerohedge

IMF Sees Subdued Global Growth, Warns Economic Stagnation Could Fuel Protectionist Calls – IMF
IMF sees pickup in U.S. inflation sooner than Fed does – Marketwatch

Britain will be fastest growing G7 economy this year, says IMF – guardian

Canada set to introduce carbon tax – cnbc
Italy’s $5.6 Billion Sale of 50-Year Bonds Beats Peers’ in 2016 – Bloomberg
India’s central bank cuts interest rates – bbc

Turkey Lowers Growth Forecasts as Failed Coup Clouds Outlook – Bloomberg

Italy’s First 50-Year Bond Heaps Pressure on Beleaguered Market – Bloomberg

Hong Kong Home Sales Rise to 15-Month High as Demand Improves – Bloomberg

Pound Tumbles to Three-Decade Low as Angst Over Brexit Persists – Bloomberg

British PM May says Brexit timetable important for businesses – Reuters

Japan Inc. lowers inflation outlook further: BOJ – Marketwatch

Australia Holds Key Rate as Commodity Rebound Gathers Pace – Bloomberg


Monday 10/03

Pound falls as City faces up to hard Brexit – business live – guardian

Ericsson May Cut Up to 4,000 Swedish Jobs This Week, Report Says – Bloomberg
Tension With Russia Rises as U.S. Halts Syria Negotiations – nyt
US Suspends Diplomatic Relations With Russia On Syria – Zerohedge

Asia investors turn to smart-beta ETFs as active managers’ results disappoint – Reuters
Greece Sees Economy Rebounding Next Year as New Taxes Kick In – Bloomberg
French Unemployment Soars: Will Hollande Keep His Word Or Will He Humiliate Himself? – Zerohedge

GOLDMAN: Big-money investors are dumping stocks at the fastest pace in years – businessinsider
US Manufacturing “Slowed To A Crawl” In September As New Orders Hit 9-Month Lows – Zerohedge
European Manufacturing growth accelerates at end of third quarter – markit

GERMANY: Manufacturing PMI at 3-month high in September – markit

FRANCE: Business conditions broadly stabilise in September – markit
ITALY: Manufacturing sector sees modest growth in September – markit

Spain Manufacturing PMI: New orders rise at fastest pace in 5 months – markit
Preview Of Key Events In The Coming Week – Zerohedge
Deutsche Bank could handle even high-end DOJ fine -Moody’s – Reuters

Base Metals Are Back in a Bull Market – Bloomberg

Cheaper DOJ settlement for Deutsche won’t remove worries about European banks – cnbc

Money Manager Janus to Merge With Henderson to Boost Assets – Bloomberg

Nickel Market Faces Supply Shock as UBS Sees Risks Next Year – Bloomberg

Japan manufacturing PMI up to 50.4 in September – asianikkei
Japan’s big manufacturers lower profit outlook – Marketwatch

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