Thursday, October 6, 2016

Economic News , Data & News ..... October 6 , 2016 ...... Quick Hits 1) Market News & Data ( Evening & Morning Items ) - Asia Stock Markets Follow US Market's Strong Performance Of Wednesday , Europe Stocks Moderately Off Thursday Morning ; Deutsche Bank Continues Modest Rebound On Latest Rumor ( Discrete German Gov't Talks With US Gov't ) , Additional Items Of Note For Deutsche Bank ; Data From EZ Countries Of Note & ECB Item ; Bond Items & Fed's Fisher Comment On Rates. 2) Latest For Hurricane Matthew ( Presently Cat 3 , 125 MPH Sustained Winds , 155 Gusts , Movement 12mph NW ) - Landfall Expected In Florida Tonight. 3) Around The Horn Of Europe - Greece , Spain , Germany & Hungary



Markets & Market Moving News....





Evening Items.....








Gold's drop below 200-day average may trigger more losses








NY Fed: FX swaps with foreign cbanks $7bn (6.348bn, with ECB[!!!], $655m with BoJ) --Rtrs








OPEC DEAL NOT A CHANGE IN SAUDI STRATEGY -- SOURCES





SAUDI ARABIA STILL COMMITTED TO ACCRUING MARKET SHARE -- SOURCES






SAUDI PRINCE NEEDED OIL REVENUE TO PROSECUTE YEMEN WAR, FUND DOMESTIC PROJECTS -- SOURCES











Morning Items.....




Good morning from Berlin. Asia stocks up on solid US data & weaker Yen. Samsung at all-time high. Bonds & Gold hit by stimulus taper fears.







sold 5Y SPGBs at record low “yield”








Deutsche Bank shares extends current gains as Berlin in "discrete" talks with US on Deutsche.









Latest trial balloon floated ( even as prior rumor of German Gov't "discreet talks" with US Gov't deflates.)










| AUG FACTORY ORDERS M/M: 1.0% V 0.3%E; Y/Y: 2.1% V +1.6%E











| *ITALY GOVT WANTS TO ADD EU900M TO BANKS' GUARANTEE FUND: ANSA …”wants”









ECB's Praet: ECB committed to providing substantial monetary support that is necessary --Rtrs









*DOMBROVSKIS SAYS EUROPE BANKS BETTER CAPITALIZED THAN PRECRISIS …phew









Deutsche Bank said to be talking to banks regarding capital raising, up to EUR5bln thought to be on the table, also considering asset sales









| *DEUTSCHE BANK MISMARKED 37 LOANS LIKE MONTE PASCHI’S: AUDIT ..*DEUTSCHE ARRANGED 103 DEALS WITH TOTAL VALUE OF $11.8B: AUDIT






















Bond bubble about to pop? Global Bonds hit by stimulus taper fears. Futures price in >60% chance of Fed hike by Dec.











Fed's Fischer says low neutral rate a sign of potential econ trouble. BUT Taylor rule suggests Fed Fund rate of 3.6%











Hurricane Matthew......






at least 264 people are dead after hurricane matthew plowed through haiti donate to the relief aid:
 








Per "this is now a worst case storm surge scenario". Catastrophic damage is anticipated. Get off the beaches.









In other weather news, has become a hurricane.









Very comprehensive report from Jeff Masters on Hurricanes Matthew and Nicole !










Dangerous Hurricane Matthew Strengthening in Record Hot Environment — May hit Florida Twice






LES CAYES, Haiti (AP) — interior minister says in capital that death toll now at 108 from










All eyes Hurricane Matthew. Category 3 storm expected to strengthen as it approaches the US. Landfall expected tonight in FL.











Hurricane has 125 mph winds and gusts to 155mph. I show the projected track at 6:19











Hurricane continues to regain strength and better structure. Major Hurricane threat to the United States!











Here are the key messages from NHC regarding Category 3 at 5 am EDT Thurs.










This is a potentially devastating track of from We have team coverage coming up on













5pm update from . Forecast models have it moving slightly to the west (closer to Tampa). Now is the time to check your supplies











watch has been extended north to Fernandina Beach, FL as of the 5am advisory.











Subtle change in 11am advisory: wind field has grown. Up to 60 mi. north of center of now.







Around the Horn - Europe....






Greece....






IMF made a killing off of Greece..







Improvisations and reversals







Lagarde: hasn't done enough







IMF EUROPE CHIEF PROPOSES EXITING GREECE ALTOGETHER: SOURCE - MNI








U.S. State Secretary Jack Lew Urges for Debt Restructuring in Greece




IMF Chief Calls for Greek Debt Relief and More Reforms





Spain.....








Schulz is coming to Madrid tomorrow to mediate between Rajoy and the new PSOE chief administrator Fernández. Anyone know why?










LATEST: Constitutional Court Lets Public Prosecutor Decide On Criminal Charges For Catalan Speaker Forcadell








LATEST: Spanish Flag Will Fly On Gibraltar "Much Sooner Than Picardo Thinks", Says Foreign Secretary In TV Interview







Rajoy u-turn? A day after PP spokespeople announced a raft of new conditions for a deal with the PSOE, he says he won't impose any at all.







Germany.....






Germans think that the threat of violence by right-wing extremists is bigger than by islamists (high risk 84% vs 68%). via








Interesting poll on German displeasure with Gov't..








IMF really is a piece of work...









Hungary......






What Does Hungary's Migrant Quotas Referendum Mean for Europe? by







Any referendum that doesn't go the right way gets ignored..