TOP NEWS: Week 10/26 – 11/01

Weekend 10/31 & 11/01

Turkey set to return to single-party rule in boost for Erdogan – Reuters
China’s massive manufacturing sector contracted for the third straight month – Reuters

China’s Manufacturing Misses; Nonmanufacturing Worst Since 2008 Despite Unprecedented $1 Trillion “Debt Injection” – Zerohedge
There’s a $16 billion hole in Greece’s banks and unpaid loans are soaring – businessinsider
A cheaper bill for recapitalising Greek banks – economist
Greek Bad Debt Rises Above 50% For The First Time, ECB Admits – Zerohedge
Crude Supertanker Rates Collapse As VLCC ‘Traffic’ To China Lowest In 13 Months – Zerohedge
Mario Draghi Admits Global QE Has Failed: “The Slowdown Is Probably Not Temporary” – Zerohedge


Friday 10/30

Bank of Japan hints at fresh stimulus after cutting forecasts – business live – guardian
S&P Downgrades Saudi Arabia On Slumping Crude, Ballooning Fiscal Deficit – Zerohedge
Russia Holds Rates, Citing Inflation; December Cut Possible? – barrons

Norway Digs Deeper Into $860 Billion Fund Amid Refugee Costs – Bloomberg
Sliding Inflation Expectations Lean Against Fed’s Faith in Higher Prices – Bloomberg
Introducing a New Approach to Currency Exposure in Emerging Markets – wisdomtree
U.S. Consumer Spending Rose Less Than Forecast in September – Bloomberg
Disney could be the big winner after China ends one-child policy – businessinsider
Steelmaking’s Demise at Place of Its Birth Signals Wider Crisis – Bloomberg
Euro-Area Spell of Sub-Zero Inflation Ends as Unemployment Falls – Bloomberg
Is Turkey a Buy or a Sell? Four Election Scenarios Hold the Key – Bloomberg
SNB Posts Nine-Month Loss as Strong Franc Weighs on Reserves – Bloomberg
RBS Reports Drops in Third-Quarter Profit, Missing Estimates – Bloomberg
Hong Kong Dollar Peg Intervention Swells to Biggest Since 2009 – Bloomberg
Why China’s child policy doesn’t add up for its citizens – cnbc
China’s population expected to reach 1.45 bln by 2030 – xinhuanet
Children-Related Stocks Surge After China Ends One-Child Policy – Bloomberg
China Scrapping One-Child Rule ‘Too Little, Too Late’ for Growth – Bloomberg
Bank of Japan Holds Steady on Its Stimulus Efforts – nyt
Japan’s Consumer Prices Fall 0.1% Before BOJ Decision – Bloomberg


Thursday 10/29

US economy expected to slow as rate hike expectations build – business live – guardian
Venezuela Sells Billions In Gold To Repay Its Debt – Zerohedge
Carl Icahn thinks what Pfizer and Allergan are talking about represents ‘a grave risk to our country’ – businessinsider
Almost a Billion Cubic Feet of U.S. Gas Shut Down by Low Prices – Bloomberg
Shell posts record loss as crashing oil price and writedowns sink profits – telegraph
Eventually The Weight Becomes Too Much To Bear – Zerohedge
3 Emerging Market Investing Strategies For A Lost Decade – barrons
BofA Looks At Europe’s Record €2.6 Trillion In Negative-Yielding Debt, Is Shocked At What It Finds – Zerohedge
Pending Home Sales Tumble Most Since 2013 Amid “Signs Of A Slowing US Economy” – Zerohedge
Here’s how to play El Nino – cnbc
And The Biggest Contributor To Q3 GDP Was… – Zerohedge
Q3 GDP Misses Expectations, Tumbles To 1.5% On Sliding Inventories – Zerohedge

BofAML: Markets Are Once Again Mispricing Tail Risk in the Credit Market – Bloomberg
ALBERT EDWARDS: Mario Draghi is demonstrating hubris, and he’s leading the ECB down the road to financial catastrophe – businessinsider
Owning Half of Japan’s ETF Market Might Not Be Enough for Kuroda – Bloomberg
China Abandons 37-Year-Old “One-Child Policy” – Here Are The Implications – Zerohedge
China’s Baby-Related Stocks Rise on Two-Child Policy – wsj
China Drops One-Child Cap After Three Decades to Lift Growth – Bloomberg
Deutsche Bank to cut workforce by 15,000 – Reuters
British Bookmaker Doubles Probability of Exit From EU – Bloomberg
U.K. House Prices Rise Fastest in Six Months, Nationwide Says – Bloomberg

Japan industrial output unexpectedly rises – Marketwatch
China premier suggests China needs minimum economic growth of 6.5 percent next five years: Bloomberg – Reuters
Pfizer in merger talks with Botox-maker Allergan: WSJ – Reuters
Sony Returns Profit in Second Quarter as Revival Takes Hold – Bloomberg
Samsung Profit Gains Thanks to Phone Components – nyt



Wednesday 10/28

Europe’s Largest Bank Just Scrapped Its Dividend – Zerohedge
Fed keeps rates unchanged, sets up possible December hike – Reuters
A massive Chinese industry is flashing warning signs that the world cannot ignore – businessinsider
China Steel Head Says Demand Slumping at Unprecedented Speed – Bloomberg
How to weather the next economic downturn – businessinsider
RBNZ pauses on rates, but rising Kiwi may force Xmas cut – cnbc
World’s Largest Sovereign Wealth Fund Has Worst Quarter In 4 Years After Losing 21% On Chinese Stocks – Zerohedge
Volkswagen just made its first quarterly loss in 15 years – businessinsider
Why oil is rallying despite 5 weeks of rising supplies – Marketwatch
Brazilians have to pay 414% interest on their credit cards – businessinsider
Early Forecasts Show China Economy Stabilizing in October – Bloomberg
China Stocks Are Trouncing the World Again as Bubble Angst Fades – Bloomberg
Leveraged Funds Leading the Way in Record Year for ETF Creation – Bloomberg
Pension funds ready to enter stock market in 2016 – chinadaily


Tuesday 10/27

UK GDP growth figures released – live updates – guardian
Apple earnings lifted by iPhone sales in China – Marketwatch
IBM Says the SEC Is Investigating Accounting for Revenue Recognition – Bloomberg
Goldman Fund Buying Aussie Banks in Bullish Bet on Dividends – Bloomberg
Poland’s First EU Fight Is Brewing and It’s Not What You Think – Bloomberg
Airwaves, Like Oil Reserves, Cash Cows in U.S. Budget Deal – Bloomberg
Cummins to Cut 2,000 Jobs Due to Weak Demand for Its Engines – nyt
This recession indicator just collapsed to a 6-year low – businessinsider
Debt Totaling $345 Billion Says ECB to Cut Deposit Rate to -0.3% – Bloomberg
ECB Almost Certain to Ease in Dec by Boosting QE, Cutting Deposit Rate-Reuters Poll – nyt
Treasury Bill Rates Slide Below Zero After Debt-Ceiling Accord – Bloomberg
Kazakhstan, Russia Expand Bullion Holdings as Mexico Cuts Back – Bloomberg
US: Slowest expansion of service sector business activity since January – markit
JPMorgan’s Advice to Currency Traders: Keep Calm and Carry on Briefly – Bloomberg
U.S. Business Equipment Orders Unexpectedly Fell in September – Bloomberg
U.S. Natural Gas Falls Below $2 for First Time in Three Years – Bloomberg
Here’s One Europe Central Bank Turning Corner With Its Currency – Bloomberg
Durable Goods Orders Tumble YoY For 6th Consecutive Month As Core Capex Collapses Most Since 2009 – Zerohedge
Durable-goods orders fall 1.2% in September, marks second straight drop – Marketwatch
Alibaba Revenue Up Sharply, Bolstered by Mobile Sales – nyt
U.S. Plans to Sell Down Strategic Oil Reserve to Raise Cash – Bloomberg
Ford Motor reports third-quarter higher profit, but misses estimate – Reuters
UK GDP just came in weaker than expected in Q3 – businessinsider
South Africa’s Jobless Rate Climbs to 25.5% Amid Economic Slump – Bloomberg
Russia’s Reserve Fund could run empty in 2016 – cnbc
Russian finance minister sees danger Reserve Fund will be exhausted in 2016 – Reuters
ABN Amro I.P.O. Will Go Ahead, Dutch Government Says – nyt
Has the world’s largest sovereign wealth fund peaked? – cnbc
The Oil Market May Need to Wait Until 2016 for Iran Supply Boost – Bloomberg
Barcelona is about to launch a cash-less currency – businessinsider
Apple Earnings Will Tell Us Whether to Expect Happy Holidays or a Long Winter – Bloomberg
BP cuts capex for third time this year to deal with weak oil – Reuters

Canon cuts full-year profit outlook on sluggish China and Southeast Asia demand – businessinsider



Monday 10/26

Markets underwhelmed by Chinese rate cut – business live – guardian
We’ve never seen anything like this $5.2 billion energy deal – businessinsider
Peak Housing 2.0: Sam Zell Dumps 23,000 Apartments In 2007 Deja Vu – zerohege
Ex-Goldman Banker and Fed Employee Will Plead Guilty in Document Leak – nyt
“Giant Wave Of Money” Heads For Sweden, As Draghi Creates “Nightmare” For Riksbank – zerohege
Figuring Out China’s Monetary Policy Just Got Trickier – Bloomberg
What Do the Fed and BBQ Have in Common? – wisdomtree
Odds of BOJ Easing Increases on ECB, China Signal: Analysis – Bloomberg
Despite “Bloody” October, Billionaire Hedgie Says “It’s A Good Time To Be Short” – zerohege
China must significantly devalue its currency to remain competitive – businessinsider
Mobius Urges Caution Over China’s Hottest Stock Trade – Bloomberg
Marc Faber Fears No Soft-Landing Of China’s “Credit Bubble Of Epic Proportions” – zerohege
China September industry core earnings fall, third-quarter unemployment stable – Reuters
Eurosceptics claim victory in landmark Poland election – Reuters

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