Tuesday, October 4, 2016

Economic News , Data & Views...... October 5, 2016....... Morning Items 1) Markets -End Of The Day Wrap - US Stocks Rebound After 2 Down days , Bond Yields On The Rise Again , Gold Continues To Slump , Oil Continues To Move Higher ; Early Morning Items From Europe & Asia . 2) Europe - Greece , CETA , Data From Italy , UK , Germany , Spain Items Of Note . 3) Hurricane Matthew - Morning , 2PM & 5PM Updates . 4) Odds & Ends : MENA Focuses On Libya & Syria ; Russia & US Lurching Toward War.



Markets......




Evening wrap....






US Stocks rebound after 2 days of loses...









Oil Climbs Near $50 After U.S. Stockpiles Decline for Fifth Week via






’s Post Plan Off to a Rough Start in Year One via









The Gold ETF is now down 8 days in a row. Longest since inception in 2004 was 9 straight down days.








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...









Translated from German by 








European govt bonds continue to fall on ECB taper talk. '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 's banking system amid resilient operating environment.







Merkel faces too-big-to-fail dilemma over Deutsche Bk as Germany's default probability drives in tandem w/Deutsche's








UK SEPT AUG BRC SHOP PRICE INDEX Y/Y: -1.8% V -2.0%








| Europace House Price Index









Good morning from Berlin. Global stocks, bonds and gold slide on taper talk. climbs on drop in US crude inventories.









| SEPT SERVICES PMI: 48.2 V 49.6 PRIOR; COMPOSITE PMI: 48.9 V 49.8










| SEPT CPI Y/Y: 0.3% V 0.4%E; WPI Y/Y: -4.0% V -3.9%E
















Europe......








Anarchist Group Disrupts SYRIZA Conference on Greek Economy








Thessaloniki bus drivers threaten to resume strike









More refugees arrive on Chios








Erdogan’s motives









Senior Greek official urges global response to refugee crisis








: Council of State Vice Presidents resign from the Union of Judges & Prosecutors









Greece heading toward another Snap Election ?









DOMBROVSKIS: EUROPEAN COMMISSION 'NOT COMMENTING ON INDIVIDUAL BANK CASES'







*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









| *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.


















*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...









Hurricane Matthew....






How Florida could get slammed twice by Hurricane Matthew in one week via








It looks like is going to turn around to give the Caribbean another beating. Haven't they had enough??










reddit: 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.






















warnings for much of the today from and extend into east coast.










11 deaths reported but most affected area of Haiti still cut off









Odds & Ends.... Libya & Syria In Focus








22 migrants suffocate to death off 's coast on overcrowded boat carrying over 1,000 people.




















Off the coast of : 4655 migrants trying to reach EU rescued Tuesday Over 6000 rescued Monday All go to








Two Russian navy ships equipped with Kalibr cruise missiles from the Black Sea fleet entered the Mediterranean Sea.









Strike kills 19 civilians in IS-held Syria village: monitor










SYRIA: 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'










.: We will work to create the conditions that allow for the resumption of talks between the parties.









Mike Pence goes further than Donald Trump on military action in Syria











IS suicide bomber strikes Syria wedding killing 32










One point of consensus between & : both disagree with current Obama Administration 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.











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