Markets & Market Moving News...
Asia Friday News - 10/28.....
BoJ's Kuroda: Strongly expects govt to take steps to raise potential growth rate and the natural rate of interest --Rtrs
Japan FinMin Aso doesn't view BoJ bond buys as debt monetisation #quellesurprise
Tokai Tokyo Research: Japan's economy likely posted no growth in 3Q
BoJ's Kuroda: The September decision was completely different to tapering --BBG
JN Tokyo CPI (YoY) Oct: 0.10% (est -0.40%, prev -0.50%)
JN National CPI (YoY) Sep: -0.50% (est -0.50%, prev -0.50%)
JN Unemployment Rate Sep: 3.00% (est 3.10%, prev 3.10%)
JN Household Spending (MoM) Sep: 2.80% (prev -3.70%)
People’s Bank of China sets yuan reference rate at 6.7858 (vs. yesterday at 6.7736)
Four straight weeks of weaker yuan fixes - the longest run since March 2015, according to BBG
This week the PBOC injected 595bn yuan net (prev 95.5bn)
PBOC to inject 195bn (95bn via 7-day reverse repos, 65bn via 14-day, 35bn via 28-day)
*AMAZON PLUNGES 9.0% POST-MKT AFTER 3Q EPS MISSES EST.
U.S.-BASED DOMESTIC-FOCUSED STOCK FUNDS POST $14 BLN OUTFLOWS OVER WEEKLY PERIOD; LARGEST WITHDRAWALS SINCE SEPTEMBER 2015 -LIPPER
Bond Bloodbath Sinks Stocks As Dollar Spikes To 9-Month Highs http://www.zerohedge.com/news/2016-10-27/bond-bloodbath-sinks-stocks-dollar-spikes-9-month-highs …
Good morning from Rhineland. Asia mkts extend losses as stronger Dollar weakens global risk appetite. Probability of Dec US rate hike at 73%
Ouch! Global selloff in bonds in one picture. US 10y yields has jumped to highest level since Jun1.
Bond selloff deepens amid speculation that major CenBanks may be moving closer to scaling back stimulus measures. http://www.bloomberg.com/news/articles/2016-10-26/asian-shares-poised-for-mixed-open-as-china-banks-come-in-focus …
#Russsia | meeting with Pres Putin this week, PM Medvedev says budget based on #oil price of ~$40/bbl. via UPI. #OOTT
#Libya | NOC media office thurs: crude #oil production has now hit 670kbd. from 580-600kbd last announced. #OOTT
Around the Horn In Europe.....
IMF says decision on new loan possible by year-end http://dlvr.it/MXd8XP
Lavrov is expected to visit Greece next week http://dlvr.it/MXd8dv
Deutsche Bank Reviewing Asset Management Business, Cryan Says: BBG
Overall liquidity for DB was 223 bn on June 30-Q3 report shows liquidity down to 200bn. Sight deposits off 13%.
DB CET1 11.1% vs 10.8% in Q2
DB net income in Q3 256m EUR (est loss 394m)
Deutsche Bank Rev 7.49bn (est EUR 7.57bn)
DB: Settlement discussions with DOJ are ongoing
DB: negative perceptions of business resulted in reduced business volumes and asset outflows at end of Q3
DB says liquidity reserves end-Sept @ 200bn eur vs 223bn end-June
Deutsche Bank CEO: Need Faster, Higher Intensity Restructuring - RTRS
Deutsche Bank CEO: Must Reduce Litigation Overhang By Settling Matters, Remains Top Priority - RTRS
2 months after moving to sell its Argentine subsidiary , DB announces sale of its subsidiaries in Mexico
DB had been depository bank for Level 1 ADR since October of 2012....confidence in DB fading ?
Germany, Emnid poll: CDU/CDU-EPP: 33% ↑ SPD-S&D: 23% ↓ AfD-ENF: 13% GRÜNE-GREEN: 11% LINKE-LEFT: 10% ↑ FDP-ALDE: 5% ↓ #btw17
CETA Set To Be Approved , Belgium Reaches Agreement
Walloon PM #Magnette: What we got important for Walloons & World https://twitter.com/mad_soir/status/791585941139980288 … No changes to actual #CETA text, only Belgian declr
Looks like Belgium has reached a deal regarding CETA after all.
EU-Renzi battle rachets higher as EU deadlines Renzi & Italy regarding the Budget.
Italian Earthquake devastation...
Under the settlement agreement, a 6-month jail sentence for the executive has been converted into the payment of a 45,000 euro fine.