Monday, October 17, 2016

Economic News , Data & Views..... October 17 , 2016 - Quick Hits 1) Markets & Market Moving News : Asia Items For Tuesday ; Calendar For The Week Of October 17-21 ; US Market Wrap - Stocks Moderately Lower , Bonds Recover , Gold Has A Decent Monday ; Front Running - Overnight Report , Asia & Europe Stocks Start Off Weak Soggy Style , Bond Rout Overseas ; Oil Patch News. 2) Around The Horn - Europe Financial News Of Note. 3) MENA Items - Libya ( Domestic Politics , International Politics , Battlefront Reports ) , Iraq ( Mosul Campaign Begins ) & Syria ( Battlefront & Political Developments.)


Markets.....





Asia Early Morning Items ( October 18th )






Asian stocks advance on higher oil, China data in focus








China will actively support Chinese steel companies facing anti-dumping accusations --Rtrs cites MOFCOM spox








RBA Oct. meeting minutes: Appreciating AUD could complicate economic rebalancing







Aussie dollar's basically fallen asleep following August's plunge in volatility. When's prince charming coming to rouse it from its slumber?








PBOC fixes yuan midpoint at 6.7303 (prev fix 6.7379, prev close 6.7385)








PBOC to inject 80bn yuan (40bn via 7-day reverse repos, and 40bn via 14-day)










Key Events In The Coming Week



















DOW JONES UNOFFICIALLY CLOSES DOWN 52.93 POINTS, OR 0.29 PERCENT, AT 18,085.45









S&P 500 UNOFFICIALLY CLOSES DOWN 6.61 POINTS, OR 0.31 PERCENT, AT 2,126.37









 

5 hours ago
NASDAQ UNOFFICIALLY CLOSES DOWN 14.57 POINTS, OR 0.28 PERCENT, AT 5,199.59










Frontrunning: October 17









10Y gilt yield rises to 1.184% highest since the EU referendum









Bond rout continues ahead of this weeks meeting. Acc to HFE, those expecting more sovereign bond purchases about to disappoint.









Deutsche Bank starts unch to the week as DB is exploring shrinking its U.S. operations











Good morning from Berlin. Global risk markets & bonds start lower to the week on inflation fears. Dollar at 7mth high after Yellen comments.









Production freeze working out fine , I see..










OIL PRICES EXTEND LOSSES, U.S., BRENT CRUDE HIT SESSION LOWS








| VP Jahangiri monday: need to regain lost market share in order to use revenue to develop the country. reuters.









| dep min: current output "almost" sufficient to agree to freeze. will decide in Nov after discussion of quotas. RTRS










Let's add this up shall we. latest figures +752kbd over Sept MoMR 33.394mbd = 34.146mbd current production. 🤔











Around The Horn - Europe









GREEK CENBANKER STOURNARAS SEES GROWTH OF 2.5 PCT IN 2017, 3PCT IN 2018 IF GREECE IMPLEMENTS REFORMS AND PRIVATISATIONS









GREEK CENTRAL BANK GOVERNOR SAYS DISCUSSION ON DEBT RELIEF IS A COMMITTMENT UNDERTAKEN BY GREECE'S PARTNERS SINCE 2012








GREEK CENTRAL BANK GOVERNOR STOURNARAS SAYS IF GREEK DEBT IS DEEMED NON-VIABLE ANTICIPATED ACCESS TO MARKETS IN 2018 WILL NOT BE POSSIBLE









GREECE CENTRAL BANK GOVERNOR SAYS 'SUBSTANTIVE' TALKS ON DEBT RELIEF SHOULD START AND CONCLUDE THE SOONEST










GERMANY SAID TO WELCOME PROPOSAL FOR SMALLER DEUTSCHE BANK. Has one been offered?






 
ERDOGAN: DID NOT KEEP ITS PROMISE TO ON REFUGEE AID - BBG







EU Spokesperson: Yet To Receive Portuguese Budget Plan - RTRS








UK PM MAY'S SPOKESWOMAN SAYS DECISION BY NATWEST TO WITHDRAW BANKING SERVICES FROM RUSSIAN BROADCASTER RT IS A MATTER FOR THE BANK








BOE'S BROADBENT SAYS QUANTITATIVE EASING CAN HAVE AN EXTRA BEARING ON LONG-TERM INTEREST RATES AND PENSION FUNDS







BANK OF ENGLAND DEPUTY GOVERNOR BROADBENT SAYS LONG-RUN FALL IN INTEREST RATES IS NOT DUE TO BOE POLICY





MENA Items....





Libya.....


















Despite return of Ghwail/GNC, UN's GNA PM Sarraj visited a hospital & a graduation, protected by notorious militiaman Gnaiwa







Khalifa Ghwell (Natl Salvation Govt): Ending the war is the first point of consensus between GNC and HoR.








: Bunyan Marsous forces burn flags, place flags on top of buildings.









American plane drops leaflets on area in . Calls for women & children to leave, promises fair treatment.









Indiscriminate shells hit military hospital in .








Re presidential guard, it appears some elements remain with UN-backed GNA govt, other elements switched to rival salvation govt.








US jets blitz IS at Sirte. 92 targets hit in 3 days. (Half of all strikes since Aug 1 were in past 10 days)







If the GNA does present a Cabinet , it will be interesting to see how this is received by the HoR...








Interior ministry UN-backed government supports attorney general in investigating rival government takeover of Tripoli congress hall.






Iraq.....






Yes.Battle of Mosul is still ongoing btwn 20-40km away from the city. The battle is going 2be long. Many villages still on the way.







Day1 of op: 11 villages liberated from at the exception of Lazaka where inhabitant upraising alone tool control of the village.







defenses in collapse, new recruits escape battle






flag raised this morning over GranMosque where leader Baghdadi delivered his 1st speech. looking4 d hero who defy d group






security forces advancing toward , recovering alHamdaniyeh, Ibn Nayef, Najmeh & Adleh defeating small groups left behind.









LIVE — President Erdoğan: We will take part in the operations to liberate Mosul, and we will be at the table







Syria......





Norwegian P-3 shadows Admiral Kuznetsov task force as it sails towards Syria -










FWIW - Several rebel commanders (1 senior commander from Jabhet Fateh al-Sham) taken out by drone strike on vehicles in Idlib, as per SOHR.









US, Europe mull sanctions on Russia over Syria as prospect of military response recedes








Watch: ISIL suffers another blow in Syria as Dabiq falls








Two major cities in Iraq and Syria are about to fall. But the wars in those countries aren't close to ending.








rebuts UK's accusations over Russian military's involvement in attacks against civilians in , Syria








Russia announces humanitarian pause in Syria's on Thursday









: Russian Foreign Ministry says Syria peace talks could continue in "Lausanne format" - RIA









: EU not considering Russia sanctions over Syria: Mogherini - via










US Secretary of State Kerry met officials in London on Oct. 16 as part of renewed Syria & Yemen peace efforts, .







Syria peace talks in Switzerland with foreign ministers of Iran, US, Russia, Turkey, Saudi, Qatar, Iraq, Egypt end without a breakthrough.











Artillery every 20-30 seconds, heavy machine gun fire, and roar of jets: Sunday morning



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