Friday, September 30, 2016

Economic News , Data & Views ...... September 30 , 2016......Quick hits - 1) Markets & Market Moving News : Rumor of Looming Deutsche Bank Settlement of 5.4 Bn with DoJ ( Pertaining To Mortgage Bonds ) , Lifts Not Just DB - But US Stocks & Dax ; Despite DB "Rumor " , Commerzbank & Ing Chopping Employees Like Mad ; US Wrap - News & Data Of Note ; Interbank Liquidity Squeeze Underway ; Additional Items Of Note. 2) Around The Horn For Europe - Spain , Greece , Italy & Germany. 3) Odds & Ends....



Markets......





U.S. stocks end higher, post biggest quarterly gains of the year







Deutsche Bank: all-time low yest on record volume of 51 million. Up 14% today on new record volume of 70 million

















Rumor Rescues Deutsche From Banking Bloodbath But Gold Tops Stocks In September








Deutsche Bank shares jump as Deutsche Bank near $5.4bn settlement over mortgage bonds, AFP says in Twitter post, citing unidentified person.








DEUTSCHE BANK MUST `MAKE IT ON ITS OWN', DIJSSELBLOEM SAYS







DEUTSCHE BANK <DBKGn.DE> DECLINES TO COMMENT ON MEDIA REPORT IT IS CLOSE TO SETTLEMENT WITH DOJ <DBKGn.DE>








Regarding the rumor sparked by a call between POTUS and Merkel - DOJ case against DB not discussed during call.









Commerzbank Union Sees at Least 12,000 Jobs at Risk: Spiegel









ING apparently set to become latest European Bank to fire thousands...










US WRAP: Rumours of Deutsche Bank fine cut stokes risk sentiment








Chart: US overnight deposit rate going into quarter-end shows an interbank liquidity squeeze -








Chart: Much of the overnight liquidity ended up in the Fed's reverse repo operations (RRP) -










Global contagion in one chart: Deutsche Bank rout hitting financials worldwide. No1 bank for global systemic risk is entwined w/ everyone.











Around The Horn For Europe......









Or does Sánchez really want third elections, wonders Podemos number three .










So the choice for the PSOE tomorrow is:
- Sánchez + Podemos + regional nationalists; or - Rebels + abstention to allow Rajoy to continue










Sánchez: "Either we call in the administrators and allow Rajoy to govern or we call a congress and maintain our no".








BREAKING: Pedro Sánchez Refuses To Step Down As PSOE Leader






"As secretary general of the Spanish Socialist Party, it is my firm conviction that Spain does not deserve another four years of Rajoy".











Spain to Tax its Bitcoin Miners up to 47% of Profits via









Eurostat: Greece Is Still the Unemployment ‘Champ’ of the European Union










Minister admits gov't struggling to tackle migration









Athens is likely to meet tranche conditions in time










Stournaras: Greek banks safe from Deutsche impact










Tsipras Warns Erdogan That Questioning Lausanne Treaty Is ‘Dangerous’ for Bilateral Ties











For those thinking a debt deal will occur before the end of 2016...












Italy, Constitutional Referendum, Index poll: Yes: 48% (-1) No: 52% (+1)











EU regulators open to Italy request for more time to sell banks vía







| PASCHI SAID TO RECEIVE BIDS FOR BAD-LOANS PLATFORM TODAY - BBG









Bank of head says "wise to get ready" for more taxpayer bailouts of banks








LOL! econ min says Deutsche Bank's problems must be solved quickly












Fate of ’s econ at risk if Renzi’s referendum fails. Finnish CenBank says Rome weakness worrying like Brexit.











Wow.... Just revise refugee problem away...












'Islamic State' attack suspect extradited to










Police release video of bombing suspect









Germany tells Philippine envoy Duterte Hitler remarks 'unacceptable'







Now would be a good time for Germany to issue 100 year debt at a yield of 0.05%








Odds & Ends....






7 fully post-debate national polls show Clinton +4.3, on average. State polls pretty consistent with that too.







Trump: Obama should "pledge" not to pardon Clinton for "crimes"









US 'on verge' of ending Syria talks with Russia









JASTA is an arrow launched by the US Congress at its own country - Foreign Minister Sheikh Khaled bin Ahmed al-Khalifa.





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