( Asia Wednesday Items Of Note )
CH Industrial Production (YoY) Sep: 6.10% (est 6.40%, prev 6.30%) CH Industrial Production (YtD) (YoY) Sep: 6.0% (est 6.10%, prev 6.00%)
CH Retail Sales (YoY) Sep: 10.70% (est 10.70%, prev 10.60%) CH Retail Sales (YtD) (YoY) Sep: 10.40% (est 10.30%, prev 10.30%)
CH GDP SA (QoQ)Q3: 1.80% (est 1.80%, prev 1.80%) CH GDP (YoY) Q3: 6.70% (est 6.70%, prev 6.70%)
Japan finance minister Aso says need to raise wages to escape deflation
What drives China's growth? Exports (while a key source of employment) has never been a massive pillar of the economy. #ChinaGDPDay
China Injects Economy With A Quarter Trillion In Debt In One Month, But The Full Story Is Even Worse http://www.zerohedge.com/news/2016-10-18/china-injects-economy-quarter-trillion-debt-one-month-full-story-even-worse …
Schematic of China shadow banking
China credit growth: with and without govt bonds and shadow banking
China's real debt/GDP: 275%
Another day around the way..
DOW JONES UNOFFICIALLY CLOSES UP 73.73 POINTS, OR 0.41 PERCENT, AT 18,160.13
S&P 500 UNOFFICIALLY CLOSES UP 13.22 POINTS, OR 0.62 PERCENT, AT 2,139.72
NASDAQ UNOFFICIALLY CLOSES UP 43.50 POINTS, OR 0.84 PERCENT, AT 5,243.32
Good morning from Berlin. Asia risk markets rise on weaker Dollar and firmer oil amid speculation US mon pol will remain accommodative.
Asia on Tuesday: Equities up; Philippines leads USD lower Commodities mostly up, palm oil going nuts again Bonds mixed; Taiwan's get whacked
Chinese holdings of US Treasuries fall to lowest since 2012
#Russia | energy minister Novak to meet #SaudiArabia's #oil minister al-Falih this saturday & sunday. TASS. #OOTT
#OOTT | OPEC WILL USE SECONDARY SOURCES FOR ALGIERS DEAL, BARKINDO SAYS - BBG
Russia NOT Involved in production cut discussions. Russia is involved in production FREEZE talks. OPEC SecGen should get this straight.
Around The Horn - Europe...
Greece to play "austerity now and always , debt relief somewhere down the road" game -until the cows come home.
Judges uphold TV appeals against auction, slam ‘fascist’ tactics http://dlvr.it/MTXzkt
Tourism SMEs under threat from taxation http://dlvr.it/MTXZ2W
EU official warns of jihadist influx http://dlvr.it/MTX80T
Turkey allegedly giving EU until end 9f the year to institute visa free travel or the migrant deal may be off..
Just minor disasters?
Agree w/ German Interior Minister-concern about terror attacks should already be considered a clear & present danger
My comments on the new EU border guard: problematic that it can intervene in EU countries also when not invited
PSOE faces tough political call Sunday...
BREAKING: The European Union has postponed a final decision on the CETA trade agreement with Canada, due to issues convincing member states
Germany, INSA poll: CDU/CSU-EPP: 30% SPD-S&D: 22% AfD-ENF: 14% ↓ LINKE-LEFT: 13% ↑ GRÜNE-G/EFA: 12% ↑ FDP-ALDE 7% #btw17
Italy, Constitutional Referendum, EMG poll: Yes: 48% (+1) No: 52% (-1)
Portugal plans to remove NPLs from balance sheets of the country’s banks, including possibility of a bad bank financed by private sector.
MENA - Iraq , Libya & Syria.....
Flashing red lights- if accurate..
Mohamed Ghasri (BM spox): We are ready to fight, with all our strength, anyone who seeks to create chaos in Tripoli & undermine the state
No attempt has been made to arrest the coup members and this is the third day of the coup now.
Peshmerga on sinjar frontline say they have seen ISIS escaping towards syria using ba'aj - raqqa road.
BREAKING: Safe exit routes from Mosul have been secured for civilians - Iraqi prime minister
"Outside powers" tried to negotiate the evacuation of ISIS cells to Syria. The Iraqi Air Force had different ideas.
Syria rebels reject Aleppo withdrawal after Russian statement http://reut.rs/2dZTMxB
ISIS won't return as before but will adopt hit-and-run tactics. History won't repeat itself in Iraq. ISIS Syria is a problem @bzyqer
#Baghdad said "a large convoy of #ISIS leaving #Mosul and heading toward #Syria was destroyed by #Iraq/i Air Force".
YPG militia will be removed from Manbij after ISIS is driven from Al-Bab, Turkish President Tayyip Erdogan said Tuesday.
FWIW - Several rebel commanders (1 senior commander from Jabhet Fateh al-Sham) taken out by drone strike on vehicles in Idlib, as per SOHR.
Odds & Ends....
KSA Alert - Riyadh Bank and National Industrial Co in the news..
If any Saudi Princes are getting restless , a shot across the bow to stay in your lane !
Saudis set to launch first international bond sale on Wednesday. Could raise as much as $15bn. https://www.ft.com/content/c8d1bbe6-9478-11e6-a80e-bcd69f323a8b … via @OlafGersemann
NEW DEAL: SAUDI ARABIA $BMAKR 5Y +160A, 10Y +185A, 30Y +235A
Tragic death and outrageous act , this brave Judge had many enemies among various Cartels and not just El Chapo.
In a premonitory message to her ill mother, Génesis Urrutia recorded the following statement: “Death has no age.” Especially in Veracruz.
PDVSA extends $5.3bn bond swap for a third time after poor take-up, warns on paying debt if unsuccessful
"Wall" of taco trucks to line up at Trump's Las Vegas hotel in protest http://nbcnews.to/2dlMh6n
Melania Trump says Bill Clinton’s history is fair game http://www.mcclatchydc.com/news/politics-government/election/article108808602.html#storylink=cpy …
Fires destroy millions of dollars in equipment at Dakota Access Pipeline http://hotair.com/archives/2016/10/18/fires-destroy-millions-dollars-equipment-dakota-access-pipeline/ …
No place in politics or society for firebombing. Kudos to those concerned Democrats who did the right thing here.
Head of jurists union says Gulen-linked inmates undergone surgeries due to rampant rape while under arrest http://t24.com.tr/video/chd-genel-baskaninin-iddiasi-feto-zanlilari-arasinda-tecavuze-ugrayip-bagirsak-ameliyati-olanlar-var,3445 …
Pro-government circles have started circulating this map.
Erdogan keeps repeating Misak-ı Milli (National Oath) when speaking about Mosul operation. Here is Turkey's borders according to the oath.