Wednesday, October 19, 2016

Economic News , Data & Views ....... October 19 , 2016......Quick Hits - 1) Markets & Market Moving News : US Stocks Modestly Higher ; Europe & Asia Stock Indexes Also Modestly Higher ; Oil Patch Items Of Note ; Comments From Fed Speaker Kaplan ; Saudi Bond Issuance Is Story Of Day From Bond Land. 2) Around The Horn - Europe : Brexit Items ; Spain In Focus ; EU Summit Complicated By Belgium Bombing In Aleppo , Sanctions On Russia Also Looming For EU ; Erdogan Reminds EU That Visa Free Travel Required For Turkey To Secure Refugee Deal , Reminds EU Another I Million Refugees May Flee To Turkey Due To Aleppo ( And From Turkey To Europe ) ; TTIP Still A Bright Red Letter For "The People Of Europe" - Not The Overlords , Protests Over TTIP Ongoing Through Europe ; Despite Efforts To Circumvent Wallonia Region , Belgium Still Unable To Give Approval To CETA - Thus EU Can't Approve CETA ; Odds & Ends For Europe. 3) US Political News For Wednesday.


Markets & Market Moving News......





Asia 10/20....







Australian employment data - big miss. But what will the CPI do? Preview







Yen is today's bad hombre, USD/JPY higher in Tokyo





PBOC to inject 200bn (100bn 7-day reverse repos, 50bn 14-day, 50bn 28-day)







PBOC fixes yuan at 6.7311 (prev fix 6.7326, prev close 6.7385)






JN Japan Buying Foreign Stocks (JPY) (14/Oct): 145.4bn (Prev 87.1bn) JN Foreign Buying Japan Stocks (JPY) (14/Oct): 72bn (Prev 430.3bn)






JN Japan Buying Foreign Bonds (JPY) (14/Oct): 317.7bn (Prev -737.7bn) JN Foreign Buying Japan Bonds (JPY) (14/Oct): 365.4bn (Prev 289.6bn)








Fed's NY branch head Dudley speaking - no comments on economy, monetary policy







10/19 Items.....








DOW JONES UNOFFICIALLY CLOSES UP 41.19 POINTS, OR 0.23 PERCENT, AT 18,203.13








S&P 500 UNOFFICIALLY CLOSES UP 4.76 POINTS, OR 0.22 PERCENT, AT 2,144.36









NASDAQ UNOFFICIALLY CLOSES UP 2.54 POINTS, OR 0.05 PERCENT, AT 5,246.38








Yeah , just b/c it's Wednesday. ..









European stocks end the session with modest gains






Frontrunning: October 19







Good morning from Berlin. Asian shares manage muted cheer for data. GDP growth stabilized; factory output missed. Oil extends gains.









KAPLAN SAYS NEED TO BE HUMBLE ABOUT THE LIMITS OF MONETARY POLICY







KAPLAN SAYS FED NEEDS TO ACT VERY GRADUALLY AND CAUTIOUSLY








KAPLAN SAYS PATH OF RATE HIKES OVER NEXT 2-3 YEARS WILL BE FLATTER THAN IN HISTORY









US crude oil futures settle at $51.60 per barrel






WTI extends gains to touch highest level since Jul2015 as US inventories unexp declined by 5.25mln bbl last week to lowest level since Jan.











Tyche: Extended outage of Plains All American’s Basin pipeline is part of the reason for the surprise decline in crude stocks — MarketWatch










ClipperData: The large draw in U.S. crude inventories was encouraged by a large week-on-week drop in imports










Bond bubble to pop? "We're seeing probably most important shift in our working lifetime," Bond Bull Edwards says.










Saudi Arabia 3-part bond expected total size of up to $17.5bn, BBG says.











Saudi Arabia makes friends with the bond markets. Pays generous yields in debut.








Around The Horn - Europe....








*EU MEMBERS IN CONSENSUS ON NO PRE-ARTICLE 50 TALKS: OFFICIAL










Immigration the driver for Brexit ? Regaining sovereignty was the driver..










There can be no negotiations before article 50 is invoked says Germany - Reuters








May: these are going to be lengthy [Brexit] negotiations, over the course of those 2 years or more Parliament will have its say









"We're running risk of falling apart. I have no illusions about the EU as it is," says at









IMMIGRATION: Immigrants Barricade Themselves On Detention Centre Roof In Madrid








Spanish media getting slammed for describing Aluche event as a riot, when it wasn't, and an "immigrant welcome centre", which it isn't.











Belgium summons Russian envoy over Aleppo air raid claim, foreign ministry tells AFP. Sets bitter tone for tomorrow's EU summit









Senior EU diplomat - issue of Russia sanctions over Syria 'shd be on table' at EUCO. Idea of dialling back sanx 'disappeared without trace'










LIVE — President Erdoğan: Any refugee exodus from Aleppo could lead to at least 1 million people coming to Turkey










Turkey gives EU to the end of the year to grant visa free travel to Turkey -or else EU -Turkey Deal dies.










TTIP protests continue in Europe , regardless of whether major media is focused on same.








Belgian Region of Wallonia continues to hold the line regarding CETA.










Friday deadline doesn't look like it will be met. Belgium can't agree unless all of its Regions are in accord.










Belgian govt party VLD wants to let the federal govt agree at EU level, risking Belgian Const court challenge











Note-major bank exposure exists regarding shipping sector. In this instance 5 Landesbanks have 20 BN on the line.










I'm sure there is truth to this...










Arrest made October 5th. Announcement delayed until October 19th for "tactical reasons" ? Would that be the Debate ?









Like Russia gives a hoot about the EU's strongly worded condemnation...








US Political Follies....







Recap of tonight's debate









Reminder: it’s unlikely that this debate will change the current polls








MXN spiking after the debate












Recap for those who missed it , one pov....


















JUST IN: GOP senators slam Trump for refusing to say he'll honor election results







VIDEO - Donald Trump: "We are outplayed by Putin, Assad, Iran, nobody believes how stupid our leadership is"









U.S. republican candidate calls U.S. presidency ‘stupid’, says it is outplayed by .









. calls “a nasty woman” during the third U.S. presidential debate.








On Syrian crisis: says No-Fly-Zone would protect civilians, help provide safe zones to help Syrians.







On and : Aleppo is a humanitarian nightmare, but it has fallen from any standpoint.







.: Iran is taking over Iraq. We are not gaining anything.








. says Syrian president Bashar al-Assad is smarter than and .









. says element of surprise missing in Mosul offensive, calls it the “stupidity of America”.







On foreign hotspots: says there are efforts led by Iraqi army, supported by Kurdish forces and coalition to oust .








. refuses to make a commitment to honor results of U.S. presidential election.








. says American media “biased” and “dishonest”.








. to : Undocumented immigrants pay more taxes than a billionaire.









Clinton Trump debate soon - preview








Clinton quotes ? Trump calls for drug testing? Play along tonight with Debate Bingo!









Six in 10 independent voters (and almost nine in 10 Republicans) say the news media is biased against Trump, per new Quinnipiac poll.









Quinnipiac has released new numbers this afternoon of likely voters: Clinton 47 Trump 40 Johnson 7 Stein 1






Bloom: Clinton +9 Quin: Clinton +5 ABC: Clinton +4 NBC: Clinton +11 CBS: Clinton +9 Fox: Clinton +6 Monmouth: Clinton +12 CNN: Clinton +5









Wonder why a member of non political Fed is worried about the Presidential Election ?










new Clinton accuser, via Breitbart:






Don't expect present agents to talk on record/reveal themselves publicly-there may be non disclosure agreements.









Arrest made October 5th. Announcement delayed until October 19th for "tactical reasons" ? Would that be the Debate ?









Undercover video shows Democrats saying they hire agitators to disrupt Trump events



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