Catharsis Ours: 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

Markets & Market Moving News....

Evening Items.....

Gold's drop below 200-day average may trigger more losses http://bloom.bg/2dyiODT 

‏@Livesquawk

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

‏@DeItaOne

OPEC DEAL NOT A CHANGE IN SAUDI STRATEGY -- SOURCES

‏@DeItaOne

SAUDI ARABIA STILL COMMITTED TO ACCRUING MARKET SHARE -- SOURCES

‏@DeItaOne

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

Morning Items.....

‏@Schuldensuehner

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.

‏@moved_average

#Spain sold 5Y SPGBs at record low “yield”

‏@Schuldensuehner

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/ …

‏@fredwalton216

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

zerohedge @zerohedge

“Market support for Deutsche Bank is in any case better than the use of state money” - HB http://www.zerohedge.com/news/2016-10-06/german-ceo-said-offer-capital-injection-deutsche-bank …

‏@moved_average

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

‏@moved_average

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

‏@Livesquawk

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

‏@moved_average

*DOMBROVSKIS SAYS EUROPE BANKS BETTER CAPITALIZED THAN PRECRISIS …phew

‏@Livesquawk

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

‏@moved_average

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

‏@moved_average

$DB #DBK

‏@Schuldensuehner

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 

‏@Schuldensuehner

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 

Hurricane Matthew......

‏@antoniodelotero

at least 264 people are dead after hurricane matthew plowed through haiti #PrayforHaiti

donate to the relief aid: https://goo.gl/zFxUvx 

‏@MichaelRLowry

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

‏@WxManAJB

In other weather news, #Nicole has become a hurricane. #matthew #wcvb

‏@fredwalton216

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 !

‏@FloridaIssues

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

‏@APDiploWriter

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

‏@WakeupKoglin

All eyes Hurricane Matthew. Category 3 storm expected to strengthen as it approaches the US. Landfall expected tonight in FL. @fox6wakeup

‏@KarenMintonWSB

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

‏@ChrisWTOL

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

‏@NHC_Atlantic

Here are the key messages from NHC regarding Category 3 #hurricane #Matthew at 5 am EDT Thurs. http://www.nhc.noaa.gov/#MATTHEWm  @NHCDirector @NOAA

‏@alroker

This is a potentially devastating track of #HurricaneMatthew from @NHC_Atlantic We have team coverage coming up on @TODAYshow

‏@AlertTampa

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 

‏@weatherchannel

#Hurricane watch has been extended north to Fernandina Beach, FL as of the 5am @NHC_Atlantic advisory. #Matthew

‏@wxjerdman

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

Around the Horn - Europe....

Greece....

‏@fredwalton216

IMF made a killing off of Greece..

Landon Thomas Jr. @Landonthomasjr

Greece/IMF tidbit from P. Kazarian, the largest holder of GGBs: 
Greece has paid over €3.5 billion to the IMF. 37% of fund's net profit

‏@ekathimerini

Improvisations and reversals http://dlvr.it/MPh4Jf 

‏@ekathimerini

Lagarde: #Greece hasn't done enough http://www.ekathimerini.com/212615 

‏@DeItaOne 4

IMF EUROPE CHIEF PROPOSES EXITING GREECE ALTOGETHER: SOURCE - MNI

‏@GreekReporter

U.S. State Secretary Jack Lew Urges for Debt Restructuring in Greece http://dlvr.it/MPgG2P  #Greece

‏@GreekReporter

IMF Chief Calls for Greek Debt Relief and More Reforms http://dlvr.it/MPgFyh  #Greece

Spain.....

‏@thespainreport

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

cristina de la hoz @delahozm

Schulz se reúne con Rajoy y Fernández para mediar ante el bloqueo político http://www.elindependiente.com/politica/2016/10/06/fernandez-bloqueo-politico/?utm_source=share_buttons&utm_medium=twitter&utm_campaign=social_share … vía @indpcom

‏@thespainreport

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

‏@thespainreport

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 …

‏@thespainreport

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.....

‏@alauraschneider 1

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

‏@fredwalton216

Interesting poll on German displeasure with Gov't..

Laura Schneider @alauraschneider

Percentage of Germans being unhappy with the functioning of the country's democracy, as per new @ARDde poll:
West: 37%
East: 53%

‏@fredwalton216

IMF really is a piece of work...

Pieter Cleppe @pietercleppe

IMF plays down risk of imminent #DeutscheBank crisis BUT admits anonymously it aims to avoid more market disruption https://www.euractiv.com/section/euro-finance/news/imf-officials-downplay-risk-of-imminent-deutsche-bank-crisis/ …

Hungary......

‏@hrw

What Does Hungary's Migrant Quotas Referendum Mean for Europe?http://bit.ly/2dxQkKn  by @LydsG

‏@fredwalton216

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

Pieter Cleppe @pietercleppe

EU Commission deputy chief @TimmermansEU: EU to forge ahead despite Hungary’s migration referendum result
http://www.maltatoday.com.mt/news/europe/70293/timmermans_eu_to_forge_ahead_despite_hungarys_migration_referendum_result#.V_Zy_--KTcs … #orban

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Thursday, October 6, 2016

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