Friday, October 7, 2016

Economic News , Data & Views ..... October 7 , 2016...... Quicks Hits For Friday - 1) Hurricane Matthew Updates - 5 AM Report Notes Matthew Poised To Crawl Up Along East Coast ( Mid Florida , Georgia and South Carolina ) Before Possibly Looping Back Toward Florida. 2) Around The Horn For Europe - Greece ( IMF & Secretary Lew - US Treasury Call For Actual Debt Relief For Greece , Additional Items De Jour ) Germany ( Deutsche Bank Holding "Informal Talks " On Capital Raising Options , Industrial Production Data Released - August , IBM Cuts 600 Jobs In Europe ) , UK ( Pound Suffers Sudden Flash Crash , Asian Markets Roiled , Industrial Production & Trade Data Released ) , EZ ( Examining Trade ) , Spain ( Industrial Output For August Data Released ) , France ( YTD Budget Balance , Industrial Production Data Released - August. ) 3) Asia Data & Highlights - China & Japan In Primary Focus.




Hurricane Matthews.....






Evening Items....



(  South Carolina and to a lesser extent Georgia  becoming next area of focus.... )








Very good live blog to keep an eye on...







Center of hurricane forecast to move near or over the coast of Northeast Florida & Georgia thru tonight.








North Charleston PD reporting rising water on some streets and a tree down on Buist Ave.









JUST IN: Power outages from in Charleston County have jumped from 6,500 to nearly 22,000.







SCE&G: 5,418 without power in Charleston area; 11,704 without electricity in Beaufort area.








SCE&G says Beaufort County up to 10,883 power outages. Charleston County has about 4,339.








Streets of Charleston already filling up with water.











Important screen grab from TWC regarding conditions in Charleston.







Hurricane Intermediate advisory 39A issued.







UPDATE, 8 p.m.: remains Cat. 2 storm, continues path towards Georgia





I swear South Carolina is under there somewhere.









Flooding has begun at King & Huger @ Charleston, South Carolina














Flood Warning SC to 1:45 a.m. Counties: Charleston, Dorchester, Berkeley, Colleton High tide, storm surge















What we're seeing at 7:30pm in Savannah, Georgia. Winds are really gusting now -- worst not for several hours.







State of Emergency, Evacuations Issued in Georgia Ahead of Hurricane Matthew








Georgia: Liberty, Long, Evans, Wayne,and McIntosh Counties Sheriff, Fire, EMS







Info you need as the rain keeps coming. Be safe. Turn Around, Don't Drown.








Gov. Haley warns will put South Carolina islands 'under water'








& could receive 12-18" of from ; storm surge & flooding remains the greatest threat.









South Carolina braces for Hurricane Matthew's "triple threat"







Power outages being reported already - nearly 7,000 total in as the wind from picks up







Hurricane Matthew news update for Savannah Ga, Brunswick Ga. and Charleston SC





. & EMCs reporting 48,000 outages. Stay away from downed powerlines.







Photos show devastating damage as Hurricane Matthew heads toward South Carolina







Latest windstream shows 's eye fastly approacing the GA coast, and now slowly moving and weakening.








So far FOUR deaths reported in Florida due to .










McCrory says Matthew now poses deadly threat; Hurricane warnings issued in NC












Here's the latest track of as of 8 a.m.









Morning News.....








This is good news. Staying further off the coast than predicted. Still will get hammered, but not with the Thor...








Death toll in from Hurricane Matthew rises to at least 478, say officials









More than 340,000 customers are without power as a result of







The eye of is still 20-30 miles off shore. Landfall is when the center of the eye hits the coast.





















Florida / Southern East Coast crawl ( Friday-Sunday ) and Loopback , on display in simulation feature...










5 minutes agofred walton Retweeted NWS Jacksonville
5am update.....Matthew is going to travel along the coast for the next several days , it appears. Looping seems very possible presently.





















Chaos in Haiti after hurricane, but neighbors help out






Disney World theme parks in Florida closed early on Thursday and will stay closed Friday due to Hurricane Matthew.









Hurricane Matthew's coastal path makes it so frightening, experts say







Around The Horn - Europe....







This is a big reversal of prior position. IMF now calls for actual debt haircut!










Lew calls for debt relief, Thomsen questions fiscal targets










Greek firms far more solvent that the state









Judges in turmoil over talks with Tsipras on pay








Air-traffic controllers to hold 4 days of strikes








Lesvos islanders settle for Nobel nomination







Englehart announces cut of staff by 20% on 10/5 , now we see Trafigura selling iol tankers to a Chinese Bank today...









'S DRAGHI SAYS IF WARRANTED, WE WILL ACT BY USING ALL THE INSTRUMENTS AVAILABLE WITHIN OUR MANDATE - RTRS







ECB'S DRAGHI SAYS WE WILL PRESERVE THE VERY SUBSTANTIAL AMOUNT OF MONETARY SUPPORT







PSOE might support Rajoy after all, but at a significant cost - its Catalan sister party might split


















From February: "The Liquidity Just Dries Up In A Stressed Market" - How HFT Killed FX Trading








*EU MANDATORY REFUGEE QUOTAS ARE ‘DEAD,’ SLOVAK PREMIER SAYS








Exclusive: Qatar won't sell Deutsche Bank shares, might buy more - sources









BREAKING: A new wave of selling being seen in $1.223. Large sell orders hitting market.







GBP selling being attributed to US desks waking up to margin calls...








Flash crash occurs before Non Farm Payroll ( Employment Situation ) Report at 8:30 am - EDT...








| DEUTSCHE BANK FACES `ENORMOUS CHALLENGE': GERMANY'S GABRIEL - BBG








The rebirth of the Deutschland AG, different style: German Blue-Chips Open to Rescue Plan for Deutsche Bank.









Now we're seeing currencies flash crash....












| German Finance Ministry Official: Decline to comment on whether or not considering a stake in the bank









Deutsche Bank's key German rival has launched a new ad campaign poking fun of it









*BOE SAYS IT'S `LOOKING INTO' CAUSE OF POUND FLASH CRASH …maybe start looking for a teenager living with his parents in Hounslow?









| Eurozone exports to UK vs. EURGBP (inverted)










As goes Pound, so go exports: EZ exports to UK can be expected to fall by 15-20% within 6-9mths as result of Pound plunge, GK says









UK Trade Balance Non-EU (GBP) Aug: -3.76B (est -3.70B; prev R -2.22B) -Trade Balance (GBP) Aug: -4.73B (est -4.00B; prev R -2.20B)










UK Industrial Production (YoY) Aug: 0.70% (est 1.30%; prev 2.10%) -Mfg Production (YoY) Aug: 0.50% (est 0.80%; rev prev 0.70%)









| Aug Industrial Output NSA Y/Y: +6.9% v -5.2% prior; SA Y/Y: 4.0% v 1.6%e










| France Aug YTD Budget Balance: -€96.0B v -€80.8B










| AUG INDUSTRIAL PRODUCTION M/M: +2.1% V +0.6%E; Y/Y: +0.5% V -1.3%E









| AUG INDUSTRIAL PRODUCTION M/M: 2.5% V 1.0%E; Y/Y: 1.9%V 0.4%E








*EU IMPOSES DUTIES UP TO 73.7% ON HEAVY-PLATE STEEL FROM CHINA










Trade links make vulnerable: Trade w/ UK makes up 20% of Germany’s trade surplus. (via Barc)









*WALL ST. FIRMS SAID TO OFFER DEUTSCHE BANK SHARE SALE BACKING … *BANKS SAID TO OFFER TO UNDERWRITE ABOUT EU5B FOR DB IF NEEDED







*IBM CUT 600 JOBS IN GERMANY THROUGH FORCED LAYOFFS: WIWO









Deutsche Bank is holding informal talks on cap-raising options. Would dilute shareholders as book priced w/ only 26%








Here's why the British pound fell out of bed in Asia, according to the CBA — via







Pound flash crash spooked traders after 6.1% slump in Asia trading.








Good morning from Berlin. Asia mkts slide as sudden Pound flash crash spooked investors ahead of US payrolls data. Gold hit a 3-1/2mth low.







Asia Data & Highlights....






| SEPT FOREIGN RESERVES: $3.166T V $3.183TE biggest monthly drop in 4 months








| PM Abe advisor Honda: Japan needs to double monetary and fiscal stimulus; BOJ should expand stimulus in Nov …”double”!








Quick, bring back the PBOC fix! Offshore yuan weakens for a sixth day to fresh six-year low, past 6.7 for a second day







China Sep FX Reserves drops to 3.166 trln USD, lowest since 2011-5.







China home purchase restrictions imposed in 19 cities during Golden Week holiday.


















BoJ offers to buy: - JPY 410bln in 5-10yr - JPY 190bln in 10-25yr (prev. 200bln) - JPY 110bln in 25+ (prev. 120bln) - Also JPY 3trln bills









BoJ offers to buy total JPY 710bln of JGB's from market, reduce sizes slightly








Australia hires ANZ, Citi, CBA, DB, UBS & WBC for 2047 bond, sale during week of Oct. 10. Plans linker sale Oct.18, note sale Oct. 20








Japan Labour Cash Earnings (YoY) Aug: -0.1% (est. 0.40%, prev. 1.20%) -Real Cash Earnings (YoY) Aug: 0.5% (prev. 1.80%)








Japan Official Reserves Assets (USD) Sep: 1.26T (prev. 1.256T)