Catharsis Ours: Economic News , Data & Views....... September 22 , 2016...... Quick Hits - 1. Markets & Market Moving News : Stocks , Bonds , Commodities All Jump After Fed Once Again Passes On Hiking Rates ; Oil Rises Despite Another Flop Of A "Consultative " Meeting Set For Algiers Later This Month ; Additional Items Of Note. 2 Around The Horn - Europe -- Italy ( Referendum Set For Nov 27th Or Dec 4th / Banks Troubles Detailed ) , Greece - Various Items Of Note , Banks In Europe In Trouble , TTIP/Ceta Items , Brexit Items , Portugal Facing Completely Unsurprising Economic Slowdown After Austerity Chokehold , ECB - Comments From Draghi , France Items ( Presidential Politics / Refugee Concerns ) , Spanish Politics & Additional Items Of Note.

Thursday, September 22, 2016

Economic News , Data & Views....... September 22 , 2016...... Quick Hits - 1. Markets & Market Moving News : Stocks , Bonds , Commodities All Jump After Fed Once Again Passes On Hiking Rates ; Oil Rises Despite Another Flop Of A "Consultative " Meeting Set For Algiers Later This Month ; Additional Items Of Note. 2 Around The Horn - Europe -- Italy ( Referendum Set For Nov 27th Or Dec 4th / Banks Troubles Detailed ) , Greece - Various Items Of Note , Banks In Europe In Trouble , TTIP/Ceta Items , Brexit Items , Portugal Facing Completely Unsurprising Economic Slowdown After Austerity Chokehold , ECB - Comments From Draghi , France Items ( Presidential Politics / Refugee Concerns ) , Spanish Politics & Additional Items Of Note.

Markets......

Fed Inaction Sparks Biggest Stock-Buying-Spree Since Brexit Bounce http://www.zerohedge.com/news/2016-09-22/fed-inaction-sparks-biggest-stock-buying-spree-brexit-bounce …

‏@Schuldensuehner

Stocks, Bonds Climb as #Fed Buttresses Cheap-Money Era; Oil Jumps. http://bloom.bg/2dc0K5v 

‏@Schuldensuehner

Dow Jones rises on slow motion Fed as yield-driven multiple expansion trade from summer is back on the table & stocks are rallying as result

ROGOFF SAYS NEGATIVE RATES `NECESSARY': HANDELSBLATT

Yellen To Wall St: It's Christmas In September So Buy, Buy, Buy! http://www.zerohedge.com/news/2016-09-22/yellen-wall-st-its-christmas-september-so-buy-buy-buy …

*U.S. 9-YR 10-MO TIPS DRAW 0.052%; ALLOTTED AT HIGH 14.04%

JPM's Head Quant Throws In The Bearish Towel; Sees Nothing But Smooth, Levitating Markets Ahead http://www.zerohedge.com/news/2016-09-22/jpms-head-quant-throws-bearish-towel-sees-nothing-smooth-levitating-markets-ahead …

#OPEC | No major breakthrough achieved after 2 days of discussions in Vienna between #Iran #SaudiArabia #Qatar. source to reuters. #OOTT

OIL PRICES PARE SOME GAINS AFTER REUTERS REPORTS NO MAJOR BREAKTHROUGH REACHED AT MEETING OF OPEC OFFICIALS IN VIENNA

IRANIAN PRESIDENT ROUHANI SAYS IRAN RARE OIL PRODUCER WHO HAS BEEN ABLE TO OFFSET "SHARP SLIDE IN OIL PRICES"

OPEC PRESIDENT QATAR SAYS SEPT 28 OPEC TALKS WILL BE AN INFORMAL CONSULTATION IN PREPARATION FOR THE NEXT OPEC MEETING ON NOV 30

Frontrunning: September 22

‏@MktOutperform

"Sell Everything" - RBS on Jan 11
Returns since...
Oil: +38%
EM: +29%
S&P 500: +14%
US High Yield: +13%
$RBS: -41%

Around The Horn - Europe....

‏@Schuldensuehner

Italian constitutional referendum will be Nov27 or Dec4, Renzi says. (Chart via @NatixisResearch)

‏@ekathimerini

Marinopoulos suppliers must decide whether to accept 50 pct debt haircut http://dlvr.it/MK4Wkx 

‏@ekathimerini

Neglect compounding the refugee crisis http://dlvr.it/MK43dP 

‏@ekathimerini

New multi-bill with prior actions heads to Parliament http://dlvr.it/MK43VH 

‏@fredwalton216

Juncker getting "junked"..

PoliticsSense @PoliticsSense

‘Not worth it anymore!’ HAMMER BLOW for Juncker as nations dump EU trade deals post-Brexit http://shr.gs/ssF6U3L 

‏@ekathimerini

Greek 2-year bond yields tumble http://dlvr.it/MK1PdZ 

‏@LondonerVince

French Trade Minister @MatthiasFekl confirms to @LesEchos that he will demand a halt to TTIP talks tomorrow, but voices support for CETA.

DEUTSCHE BANK WOES SAID TO SPARK CONCERN AMONG GERMAN LAWMAKERS

‏@Jack_Blanchard_

BREAKING. Boris Johnson says the Government will trigger Article 50 early next year and set out the 'parameters' for a Brexit deal

‏@Schuldensuehner

#Portugal faces slowdown amid anti-austerity moves, #IMF warns. http://www.imf.org/external/pubs/ft/scr/2016/cr16300.pdf …

This puts total impaired lending at close to EUR 333bn, or 16% of total lending (20% of GDP) - #BNPParibas

‏@Schuldensuehner

Time for another chart of doom: #Italy GDP is 8% below its 2008, pre-crisis level, while the level of #Eurozone GDP is 1.4% above. (via BNP)

‏@minefornothing

Eurozone Official: Growing concern that Monte Paschi recap will fall short, may need state led bailout

‏@Schuldensuehner

EU banks may need rescue funds equaling twice #ECB capital. http://bloom.bg/2cqmzNv 

ECB'S DRAGHI SAYS MARGIN AND HAIRCUT REQUIREMENTS COULD IMPROVE FINANCIAL STABILITY

ECB'S DRAGHI SAYS MARGIN AND HAIRCUT REQUIREMENTS COULD IMPROVE FINANCIAL STABILITY

‏@Schuldensuehner

#ECB's Draghi says Europe has too many banks. http://on.ft.com/2cYOD6o 

‏@ekathimerini

In interview, Tsipras sketches out path for Greece to exit crisis http://www.ekathimerini.com/212232  #greece

‏@ekathimerini

Juncker lashes states over refugee failings http://www.ekathimerini.com/212236  #greece

‏@ekathimerini

Amnesty slams conditions for migrants in Greece http://www.ekathimerini.com/212237  #greece

‏@faisalislam

French presidential favourite Juppe tweeting that Le Touquet deal with UK on Calais migrants must be "reset"

Alain Juppé @alainjuppe

Il faut remettre en cause les accords du Touquet. #8h30Aphatie

‏@fredwalton216

Another tragic ship capsize with hundreds of people possibly drowned.

EUobserver @euobs

[Ticker] Hundreds feared drowned in Egypt capsize https://euobserver.com/tickers/135200 

‏@fredwalton216

Belgian police actions spark international incident. How often has this occurred ?

The Daily Star @DailyStarLeb

Belgian police found with vanload of migrants in France http://bit.ly/2cNwKNk 

COMMERZBANK SEEN PLANNING TO CUT MORE THAN 1,500 JOBS: REUTERS

‏@thespainreport

Pedro Sánchez to propose a new attempt at a socialist government. Read our August 13 editorial for context:
https://www.thespainreport.com/articles/835-160813204548-is-sanchez-playing-for-a-second-chance-at-pm …

EL MUNDO @elmundoes

#ÚltimaHora Pedro Sánchez propondrá al Comité Federal del PSOE intentar formar gobierno.

‏@ekathimerini

Second Athens Ledra Hotel auction fails to attract bidders http://dlvr.it/MJvmbY 

‏@fredwalton216

Italian prosecutors have dropped a money laundering case against the son of Turkish President Recep Tayyip Erdoğan.

Hürriyet Daily News @HDNER

Italian prosecutors drop case against Erdoğan’s son http://hry.yt/WDKYJ  

‏@moved_average

*DEUTSCHE BANK SAID TO RESTRUCTURE AUSTRALIA WEALTH MGMT BIZ:AFR

‏@moved_average

#Italy | *PADOAN: PUBLIC SPENDING CUTS PENALIZED ITALY MORE THAN OTHERS

‏@moved_average

*GUINDOS SAYS CARETAKER GOVT CANNOT PRESENT BUDGET

‏@Schuldensuehner

FT piece says that #ECB are looking for a LEGAL way to extend QE, and expand the pool of eligible assets under QE. http://on.ft.com/2d1DR33 

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