US Stocks rebound after 2 days of loses...
The Gold ETF is now down 8 days in a row. Longest since inception in 2004 was 9 straight down days. $GLD
Gold investors are racing for the exit in the biggest futures slump since 2013
COMMODITY TRADER ENGELHART SAID TO CUT AS MUCH AS 20% OF STAFF
U.S. two-year yields reach highest level since June
Factory Orders show another decline..
ISM Services show biggest jump in history..
Early Morning Items.....
August Trade Deficit -$40.7Bn, Exp. -$39.3Bn, Last -$39.6Bn
ADP 154K, Exp. 165K
Morning round up...
Anleger prügeln sich um neue 50jährige Italien-Anleihen. So wird Europas Schuldenkönig nie gezähmt. https://www.welt.de/finanzen/article158553050/So-hintertreibt-Schuldenkoenig-Italien-Deutschlands-Sparanstrengungen.html&wtmc=socialmedia.twitter.shared.web … via @welt
European govt bonds continue to fall on ECB taper talk. #Italy's 10y yield rises to highest since June 30.
*ECB CHANGES COLLATERAL RULES FOR UNSECURED BANK BONDS …cuts usage limit from 5% to 2.5%; effective Jan 1st
*ECB SAYS BANKS DEPOSITED EU396.1 BLN WITH IT OVERNIGHT
LOL! Moody's maintains stable outlook on #Germany's banking system amid resilient operating environment. https://www.moodys.com/research/Moodys-maintains-stable-outlook-on-Germanys-banking-system-amid-resilient--PR_356033 …
Merkel faces too-big-to-fail dilemma over Deutsche Bk as Germany's default probability drives in tandem w/Deutsche's http://bloom.bg/2dcSVrg
#UK UK SEPT AUG BRC SHOP PRICE INDEX Y/Y: -1.8% V -2.0%
#Japan | SEPT SERVICES PMI: 48.2 V 49.6 PRIOR; COMPOSITE PMI: 48.9 V 49.8
#Taiwan | SEPT CPI Y/Y: 0.3% V 0.4%E; WPI Y/Y: -4.0% V -3.9%E
World debt hits $152tn record, says IMF. https://www.ft.com/content/6f561ae2-8ad4-11e6-8cb7-e7ada1d123b1 …
Thessaloniki bus drivers threaten to resume strike http://dlvr.it/MP83nF
More refugees arrive on Chios http://dlvr.it/MP83ZF
Erdogan’s motives http://dlvr.it/MP6jcv
Senior Greek official urges global response to refugee crisis http://dlvr.it/MP6jdR
Greece heading toward another Snap Election ?
DOMBROVSKIS: EUROPEAN COMMISSION 'NOT COMMENTING ON INDIVIDUAL BANK CASES'
#CETA *MERKEL CABINET DELAYS APPROVAL OF EU-CANADA TRADE ACCORD
That didn't take long...
DBRS: No Immediate Impact of Article 50 Timing on UK’s AAA.
U.K. Has 4 Key Red Lines in EU Brexit Talks, Aide to Davis Says. They are migration, no budget contribution, courts, lawmaking
#Italy | *ISTAT SAYS LEADING INDICATOR DOWN FOR EIGHTH STRAIGHT MONTH …thankfully alternate reality PMIs are going the other way
Major flows to Italy..
Berlin finally admits that it is quietly talking to US Gov't re : settlement of Deutsche Bank's DoJ MBS troubles.
Far-right AfD loses support for first time in months. https://www.thelocal.de/20161005/far-right-afd-loses-support-for-first-time-in-months …
*ITALY REFERENDUM: YES 47.6%, NO 52.4%: EUROMEDIA POLL
PSOE weakness is an understatement and PP is ruthlessly twisting the knife into the helpless body...
How Florida could get slammed twice by Hurricane Matthew in one week http://mashable.com/2016/10/05/hurricane-matthew-hit-florida-twice/#9GDStN4gu05T … via @mashable
It looks like #HurricaneMatthew is going to turn around to give the Caribbean another beating. Haven't they had enough??
reddit: http://ift.tt/2d4wDdJ Weather Underground latest tracking map via /r/HurricaneMatthew
Hurricane Matthew seems to be strengthening ( 5pm update) ...
2pm update for Hurricane Matthew. Get ready - caution for anyone in projected path of the storm.
Hurricane Matthew makes landfall in Cuba after ripping through Haiti https://www.theguardian.com/world/2016/oct/04/hurricane-matthew-haitians-flee-inland-as-violent-storm-approaches … #M5S
Odds & Ends.... Libya & Syria In Focus
AFRICOM: 205 US airstrikes on #ISIS in #Sirte since August 1. #Libya http://www.africom.mil/NewsByCategory/pressrelease/28431/u-s-airstrikes-in-support-of-gna-oct-3 …
Two Russian navy ships equipped with Kalibr cruise missiles from the Black Sea fleet entered the Mediterranean Sea. #Syria
#BREAKING Strike kills 19 civilians in IS-held Syria village: monitor
SYRIA: @syriahr claims at least 13 civilians dead in US or Turkish airstrikes on an ISIS-held town near Al-Bab.
Syria: 'The reality is that these talks were never going to bring about a genuine ceasefire' http://ow.ly/AIwy304PSQ7
IS suicide bomber strikes Syria wedding killing 32 http://ow.ly/AQB1304PLSd
One point of consensus between @timkaine & @mike_pence: both disagree with current Obama Administration #Syria policy & call for safe zones
Note the training is ongoing ( 10/4 -10/7 ) , not planned to occur in 2017.
To be taken w/ grain of salt and considered for what it's worth-Russia is telling its citizens war w/ is US coming.