Markets & Market Moving News....
Gold's drop below 200-day average may trigger more losses http://bloom.bg/2dyiODT
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
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.
#Spain sold 5Y SPGBs at record low “yield”
Deutsche Bank shares extends current gains as Berlin in "discrete" talks with US on Deutsche. http://www.macrobusiness.com.au/2016/10/germans-discrete-talks-us-deutsche/ …
Latest trial balloon floated ( even as prior rumor of German Gov't "discreet talks" with US Gov't deflates.)
#Germany | AUG FACTORY ORDERS M/M: 1.0% V 0.3%E; Y/Y: 2.1% V +1.6%E
#Italy | *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
$DB #DBK | *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. http://bloom.bg/2dgeXJD
Fed's Fischer says low neutral rate a sign of potential econ trouble. BUT Taylor rule suggests Fed Fund rate of 3.6% http://reut.rs/2dtaTLF
https://www.wunderground.com/blog/JeffMasters/once-again-a-cat-4-storm-potentially-disastrous-matthew-rolls-toward- … Very comprehensive report from Jeff Masters on Hurricanes Matthew and Nicole !
Dangerous Hurricane Matthew Strengthening in Record Hot Environment — May hit Florida Twice
All eyes Hurricane Matthew. Category 3 storm expected to strengthen as it approaches the US. Landfall expected tonight in FL. @fox6wakeup
Hurricane #Matthew continues to regain strength and better structure. Major Hurricane threat to the United States!
5pm update from @NHC_Atlantic. Forecast models have it moving slightly to the west (closer to Tampa). Now is the time to check your supplies
Around the Horn - Europe....
IMF made a killing off of Greece..
Improvisations and reversals http://dlvr.it/MPh4Jf
IMF EUROPE CHIEF PROPOSES EXITING GREECE ALTOGETHER: SOURCE - MNI
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 https://www.thespainreport.com/articles/939-161006111446-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.
Germans think that the threat of violence by right-wing extremists is bigger than by islamists (high risk 84% vs 68%). via @ARDde
Interesting poll on German displeasure with Gov't..
IMF really is a piece of work...
Any referendum that doesn't go the right way gets ignored..