TOP NEWS: Week 10/12 – 10/18

Weekend 10/17 & 10/18

Saudis Poke The Russian Bear, Start Oil War In Eastern Europe – Zerohedge
El Niño is coming – businessinsider
NIRP Goes To Nippon: Japan Auctions 1 Year Paper At Most Negative Yield On Record – Zerohedge
PNC CEO: The Fed is forcing America’s retirees to bail out the younger generation – businessinsider


Friday 10/16

Markets rally as investors see no early US rate hike – business live – guardian
Party time is over for Norway’s oil capital – and the country – Reuters
Gold ETF Holdings Surge Most In 9 Months – Zerohedge
China could be what determines whether the bottom is in for commodities – cnbc
Rate-Hike Looms As The Fed’s Much-Watched Consumer Confidence Bounces – Zerohedge
New Credit Suisse Survey Shows Clients Are More Confused Than Ever – Bloomberg
Poll shows China’s exporters downcast as orders slow, costs rise – Reuters
US Industrial Production Growth Slowest Since Dec 2009, Led By Oil & Gas Drilling Collapse – Zerohedge
Here comes more QE in Europe as ECB combats deflation – Marketwatch
Euro zone inflation confirmed at -0.1 percent in September – Reuters
Unnerved Investors Pull Shutters as Capital-Market Cracks Spread – Bloomberg
Russia’s Growing Rate-Cut Bets Drive Best Bond Rally Since 2010 – Bloomberg
World’s Worst Currency Prompts Call for Divine Intervention – Bloomberg
Volkswagen market share declines in September – guardian
Hugo Boss Shares Slide as China Slump Hurts Full-Year Forecasts – Bloomberg

Nestle Cuts 2015 Forecast as Nine-Month Sales Miss Estimates – Bloomberg
China’s Economy May Be Even Bigger Than You Think – Bloomberg

RBA Sees Signs Home Market Slowing, Oversupply in Some Areas – Bloomberg
Strong El Niño could drench all of California this year – cnbc



Thursday 10/15

Business live – guardian
Deutsche Bank Said to Plan Sale of U.S. Private-Client Brokerage – Bloomberg
‘The world is still in love with debt’ and there’s $50 trillion more of it since the financial crisis – businessinsider
The Latest Evidence That Global Trade Has Collapsed: India’s Exports/Imports Plunge By 25% – Zerohedge
Diverging Inflation Ends Worst Dollar Run Versus Euro in a Month – Bloomberg
BlackRock Warns Of “Land Mines” As Benefits Of Lower Yields For Corporate Issuers Fades – Zerohedge
One part of Goldman Sachs’ business blew it — and everyone wants to figure out why – businessinsider
Schlumberger: This Is “The Most Severe Downturn For Decades”, “The Recovery Now Appears To Be Delayed” – Zerohedge
What China selling US Treasurys really means – cnbc
Philly Fed Misses Again As New Orders, Jobs, Workweek, & Inventories Crash – Zerohedge
Empire Fed Misses Again As New Orders Collapse To 5 Year Lows – Zerohedge

Economic recovery? Nearly one in three Spaniards at risk of poverty – thelocal
Fitch Cuts Brazil Rating to Cusp of Junk as Recession Deepens – Bloomberg
Citigroup’s Profit Surges for Quarter – nyt
Let the Recalls Begin: Germany Tells VW to Fix 2.4 Million Diesels – nbc
Retired truck drivers could see their pension checks cut in half – cnn
Gundlach’s Main DoubleLine Fund Hits $50 Billion in Record Time – Bloomberg
Can Russia’s economy really get any worse? Maybe – cnbc
Get ready for ‘panic’ signals from the Fed – Marketwatch
ECB’s Nowotny Says Euro-Area Core Inflation `Clearly’ Below Goal – Bloomberg
ECB’s Nowotny says additional sets of instruments are necessary – forexlive

Australian Jobs Unexpectedly Fall in September – Bloomberg



Wednesday 10/14

Chinese deflation fears hit markets – business live – guardian
NFLX Plunges After Missing Sales, Subs And Earnings; Cuts Forecast; Burns Quarter Billion Dollars – Zerohedge
HSBC sees Canada as priority market as lender retreats elsewhere – theglobeandmail
Illinois To Delay Pension Payments Amid Budget Woes: “For All Intents And Purposes, We Are Out Of Money Now” – Zerohedge
World’s Biggest Leveraged ETF Halts Orders on Liquidity Concern – Bloomberg
Dollar Crushed by Retail Sales, What’s Next for USD/JPY – bk
WTI Crude Plunges Back To $45 Handle After API Reports Biggest Inventory Build In 6 Months – Zerohedge
Paulson Hedge Funds Said to Drop in September as Stocks Fell – Bloomberg
Fastenal CEO: “The Industrial Environment Is In A Recession – I Don’t Care What Anybody Says!” – Zerohedge
Traders push chances for Fed rate hike out to April – cnbc
WalMart Carnage: Stock Plummets Most In 17 Years After Slashing Earnings Guidance, Blames Wage Hikes – ZeroHedge
Gold Advances as Signs of Slowing in U.S. Fuel Fed Rate Bets – Bloomberg
A Desperate Sweden Looks To “Fix” Broken QE With Massive Muni Monetizing Madness – ZeroHedge
Are You Missing Out on Emerging Markets? – wisdomtree
US Retail Sales Tumble Most Since January, Signal Sustained Recessionary Environment – Zerohedge
GoPro’s stock hits record low after Piper Jaffray downgrade – Marketwatch
Recession Looms – Business Inventories-to-Sales Surge To Cycle Highs – ZeroHedge
China’s got a GDP report coming up, and it’s not going to be great – businessinsider
Wells Fargo posts earnings of $1.05 a share vs. $1.04 expected – cnbc

Could Europe’s historical trade links offset China slump? – cnbc
Bank of America Profit Rebounds to $4.5 Billion as Expenses Drop – Bloomberg
Costly Yuan Hedges Hamstring ETFs Seeking to Lure Cash to China – Bloomberg
U.K. Jobless Rate Unexpectedly Drops to 5.4%, Least Since 2008 – Bloomberg
BlackRock: US Won’t Catch Recession Off China – morningstar
HSBC: The ‘toxic mix’ of low growth and high debt has spread to the developing world – businessinsider
Goldman’s 1MBD Role Probed by FBI, Justice Department, WSJ Says – Bloomberg
Opinion: Europe shows everything we knew about QE was wrong – Marketwatch
Brazil’s Next Big Crisis Is Scaring Bankers and Wiping Out Jobs – Bloomberg
Singapore avoids technical recession, Q3 GDP grows 0.1% – cnbc
SGD: MAS hits the ball in the middle – Deutsche Bank – fxstreet
China third-quarter growth seen dipping to 6.8 percent, weakest since 2009 – Reuters
The Great Escape: How Singapore Swerved A Recession – Bloomberg

Westpac raises home loan rates – smh
RBNZ Governor Wheeler sees NZD bounce back in his face – forexlive
A $70 oil floor? Fat chance, but OPEC price plan may be first step – Reuters

The Next China Default Could Be Days Away as Steel Firms Suffer – Bloomberg

China September inflation cooler than expected, producer prices extend slump – Reuters



Tuesday 10/13

UK inflation data awaited after Chinese imports slump 20% – business live – guardian
It Begins – Managed High Yield Bond Fund Liquidates After 17 Years – Zerohedge
CLSA Just Stumbled On The Neutron Bomb In China’s Banking System – Zerohedge
Walmart’s CEO just revealed troubling news about the economy – businessinsider
FXEP, FXJP: new Currency Hedged Low Volatility ETFs by PowerShares – etftrack
JPMorgan Misses Across The Board On Disappointing Earnings, Outlook; Stealthy Deleveraging Continues – Zerohedge
Pipeline Politics: Russia, Turkey Clash Over Energy As Syria Rift Shifts Focus To German Line – Zerohedge
DWTR: new Tactical Sector Rotation ETF by PowerShares – etftrack
Black swan risk rises to highest level ever – cnbc
By This Metric, We Are Already In A Global Recession,” HSBC Warns – Zerohedge
“There’s No More Fat To Be Cut:” Desperate Oil Producers Cut Salaries To Save Mission Critical Jobs – Zerohedge
TWTR Up 5% On Major Job Cuts, Lowered Guidance – Zerohedge
J&J posts earnings of $1.49 a share vs $1.45 expected – cnbc
South Africa Seen in Seven-Year Slouch as IMF Cuts Growth View – Bloomberg
Why Russian inflation will fall ‘abruptly’ next year – cnbc
VW to cut investment in core brand to cope with scandal – cnbc
Worldpay Rises After $3.4 Billion IPO, Largest in U.K. This Year – Bloomberg
German Investor Confidence Drops as Volkswagen Woes Damp Outlook – Bloomberg
Britain’s Inflation Rate Unexpectedly Drops Back Below Zero – Bloomberg
Oil Surplus to Persist in 2016 as IEA Sees Demand Growth Slowing – Bloomberg
Switzerland Said to Impose 5% Leverage Ratio on Biggest Banks – Bloomberg

A major investment bank just broke down the world’s astonishing and warped distribution of wealth – businessinsider
Global Wealth Report 2015 – cs
Why does a market-oriented China need a plan? – xinhuanet
China to put growth before reform ambitions amid slowdown fear – Reuters
Brewers SABMiller and AB InBev agree 44 pound a share takeover – Reuters
Barclays Plans to Appoint Jes Staley as Bank’s Next CEO – Bloomberg
Pimco Times Treasuries Market by Adding Before Second-Half Rally – Bloomberg
Europe Investors Buy Just 1% of Chinese Bank’s London Yuan Bonds – Bloomberg
China September exports fall less than expected, imports slump for eleventh month – Reuters
Europe’s crisis of confidence – cnbc


Monday 10/12

Another Week of Pain for the Dollar? – bk
Here’s Why Goldman Economists Expect Even Lower U.S. Unemployment – Bloomberg
If You Thought China’s Equity Bubble Was Scary… – Zerohedge
Goldman: Three Hurdles the Market Faces in the Fourth Quarter – Bloomberg
World’s Biggest Leveraged ETF Drops, and Investors Just Buy More – Bloomberg
Aussie, Kiwi Extend Gains as Commodities Rebound on Fed Outlook – Bloomberg

Baltic Dry ‘Bounce’ Is Dead – Freight Index Lowest In 29 Years For Time Of Year – Zerohedge
Ferrari sets $1 billion IPO. Ticker symbol? RACE – cnn
Fortress Said to Plan Closing Macro Fund Run by Novogratz – Bloomberg
ECB Said to Increase Capital Demands for Greek Bank Stress Tests – Bloomberg
Which Commodites Are Most Levered To A Chinese Crash – Zerohedge
The Russians Are Going: London Listing Exodus as Prices Sag – Bloomberg
Last Week’s “Savage Reversal” Was The “Biggest Momentum Whiplash Since 2009” – Zerohedge
The Fed’s “Communication Strategy” In Just Three Headlines – Zerohedge
JPY: Easing not in sight at least for now – Rabobank – fxstreet
Why Gold Is Surging: BofA Says To Expect A “Massive Policy Shift In 2016” – Zerohedge
China sets October 26-29 date for key plenum that will draft 13th five-year development plan – scmp
U.S. oil supply to drop for first time in eight years in 2016: OPEC – Marketwatch
GOLDMAN SACHS: Welcome to the ‘third wave’ of the financial crisis – businessinsider

Is the kiwi rally getting overripe? – cnbc
Citi’s Willem Buiter has called it: we’re about to go into ‘global recession’- businessinsider
Insight: Cyber insurance premiums rocket after high-profile attacks – Reuters
Hedge Funds Are Playing ‘Dangerous Game’ With Copper – Bloomberg
Dell to Buy EMC for $65 Billion, a Record Takeover in Technology – nyt

Glencore Starts Process to Sell Some Assets in Chile and Australia – Bloomberg
China stocks surge after PBOC says correction ‘almost over’ – cnbc
China Stocks Lead Asia Rally on Stimulus Bets as Ringgit Weakens – Bloomberg
China shares surge on fresh stimulus plans from Beijing – Marketwatch
China stocks surge over 3 pct on Monday – xinhuanet
China’s January-September FDI up more than 9% – Marketwatch
BoJ’s Kuroda hints October stimulus is unlikely – cnbc
Central bankers meeting at IMF say Fed shouldn’t delay on rate hikes – Marketwatch
EUR/USD, USD/JPY: The Calm Before The Storm – Barclays – efxnews
Debt and alive: A shakeout is finally hitting debt-strapped shale producers – economist

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