Good morning from Berlin. Global stock markets have lost $1trn in market cap this week as investors de-risk ahead of Tuesday’s US elections.
US stocks close lower once again. First nine day losing streak since 1980.
"FANG" stocks bite investors to the tune of 10bn this week...
Not a great week down on the farm for European stocks
Market signal for upcoming Election ? At a minimal , underlines uncertainty and fear factor.
Fed's Fischer: Most recent data strengthened rate hike case
NFP - key data to consider.
NFP data splash..
News splash from overnight ( Europe and Asia ) and Wall Street preview.
OIL PRICES EXTEND LOSSES, BRENT CRUDE DOWN BY $1 AT SESSION LOW OF $45.31 A BARREL
Below 44 level ...
SENIOR GULF OPEC SOURCE SAYS ALL PRODUCERS INCLUDING SAUDI AND GULF OPEC MEMBERS COULD RAISE OUTPUT IF THERE IS NO AGREEMENT
SENIOR OPEC SOURCE:OPEC COUNTRIES, OTHERS UNHAPPY W/ IRAN FOR NOT WANTING TO FREEZE OUTPUT W/ IRAQ FOR NOT ACCEPTING METHODOLOGY OF FREEZE
SPANISH PMI Services (Oct): 54.6 (est 55.2; prev 54.7)
ITALIAN PMI Services (Oct): 51.0 (est 51.5; prev 50.7)
FRENCH PMI Services (Oct): 51.4 (est 52.1; prev 52.1) FRENCH PMI Composite (Oct): 51.6 (est 52.2; prev 52.2)
GERMAN PMI Services (Oct): 54.2 (est 54.1; prev 54.1) GERMAN PMI composite (Oct): 55.1 (est 55.1; prev 55.1)
EZ PMI Services (Oct): 52.8 (est 53.5; prev 53.5) EZ PMI Composite (Oct): 53.3 (est 53.7; prev 53.7)
EZ PPI (Sept) MoM: 0.1% (est 0.0%; prev -0.2%) EZ PPI (Sept) YoY: -1.5% (est -1.8%; prev -2.1%)
Around The Horn - Europe...
Nothing to see here #BREXIT
EXCLUSIVE Stephen Phillips: I Can't Live With Being Called a Conservative
"Turkish authorities are ... turning their backs on the values, principles, norms and rules underpinning #EU-Turkey relations."
The EU is in contact with the UK over possible state aid to Nissan - Livesquawk
An important article to consider on the multi-level politics of EU-Ukraine Treaty...
Political purge continues...
Commerzbank results for Q3 released...
Dividend may be off the boards for 2017 & 2018...
Italy risk spread over Germany keeps rising. Hit highest level since Jul2015 as Istat sees no acceleration of econ activity in q4 2016.
List of new Cabinet members..
#Greece reshuffle: Tsakalotos & Chouliarakis remain at Finance Ministry, new Economy Min is Levy Institute's Dimitris Papadimitriou.
Efi Achtsioglou replaces Giorgos Katrougalos as Labour Minister in Greek government reshuffle. #Greece #politics
Giorgos Stathakis replaces Panos Skourletis as Energy and Environment Minister in Greek government reshuffle. #Greece #politics
#Greece Powerful Church "ate" Education & Religion Minister Filis - he was replaced in Tsipras Gov't reshuffle, refused to take another post
US Election Updates....
Huma says she's "sad" in first public remarks since FBI letter http://hill.cm/uTDNWRr
So , we tell them this now ?
Seems unlikely any update coming before Tuesday - but who knows , at this point.
Oh damn, bonus early release of #30 just now. Usually only one per day. 33 mins to find a bombshell before the market closes.
Campaign to write in Bernie Sanders sees good news in FBI’s Clinton email probe http://www.mcclatchydc.com/news/politics-government/election/article112113002.html#storylink=cpy …
Another reason to take polling this Election with plenty of salt..
Reminds me of Brexit fearmongering...
Clear as mud. Best way to describe the situation.
Chris Christie saddened by the choices made by his aides...
Fox News anchor apologizes for saying Clinton indictment "likely": "It was a mistake" http://hill.cm/bISr6K4
Credibility of fight against terror conducted by US and its Gulf allies , stretched by WikiLeak disclosures.
#NewYork police aware of possible #alQaida plot for eve of US election-"credibility...still being assessed" - Deputy Commissioner #voaalert
http://www.debka.com/article/25753/ISIS-chief-looses-suicide-bombers-at-W-cities … US Intel warns of possible terror attack in US for Monday-note ISIS Head Bagdadi issued threat vs West Nov 2nd.Fwiw
Internal @HillaryClinton vulnerability document shows what attacks worried campaign before launch...there was a lot http://freebeacon.com/politics/here-are-all-the-attacks-the-clinton-campaign-feared/ …
Trump And Clinton Remain Deadlocked Amid New Clinton Scandal Revelations: IBD/TIPP Poll http://www.investors.com/politics/trump-and-clinton-remain-deadlocked-amid-new-clinton-scandal-revelations-ibdtipp-poll/ … via @IBDeditorials
CBS News reports the FBI has found new, non-duplicate emails related to Hilary Clinton's tenure as Secretary of State on Weiner's laptop.
Odds & Ends....
Bombing campaign in Sirte ends for now...
Something to consider.
#Libya UN Libya envoy calls for migrant smuggling to be fought.
#Libya Tripoli life - currency shortages continue.
#Libya #Libyaoil Military build-up by rival forces near Libya central oil ports https://www.libyaherald.com/2016/11/03/lna-reinforces-in-oil-crescent-against-predicted-attack-by-barghathi-force-report/ … …
A week on, protesters gather in hometown of Moroccan fisherman crushed by rubbish truck http://ow.ly/Mxde305RjFQ
Note thread on Turkish repression of opposition leadership.
Breaking: US military -1 service member killed, 2 critically injured in Jordan attack, corrects Jordan govt statement earlier saying 2 dead
It never actually worked , to be frank.
#Turkey Lira falls to fresh life-time low on court order for HDP party co-chairs to be jailed.
From Mosul Eye- How Mosul has resisted ISIS imposition of caliphate rule....
Important , if correct...