Tuesday, November 1, 2016

Economic News , Data & Views ........ November 1 , 2016......Quick Hits For Tuesday 1) US Markets & Market Moving News : US Stocks Continue Their Slump , Oil Off Slightly , Gold Catches Strong Bid , Two Year Yield Falls To Low On October 24th ; Coming Data From Asia Overnight ; Europe Stocks In the Red On Moderate Risk Off Day , Asia Buoyant Monday. 2) Election Update : Trump Makes Headway Over Past Week Against HRC As Trump Campaign Has Out-Performed HRC Campaign Heading Into Stretch Run ; Updates Touching On FBI/DoJ Investigation Of Huma Abedin Emails ; State Of Play Today. 3) Around The Horn In Europe - Greece , Italy , Germany , EU Politics , UK , Refugee Items De Jour. 4) Odds & Ends From MENA - Libya , Saudi Arabia , Iraq


Markets & Market Moving News....






Economic data due from Asia today








Stocks taking notice of state of play in Election 2016 ?







DOW JONES UNOFFICIALLY CLOSES DOWN 105.12 POINTS, OR 0.58 PERCENT, AT 18,037.30




S&P 500 UNOFFICIALLY CLOSES DOWN 14.48 POINTS, OR 0.68 PERCENT, AT 2,111.67





NASDAQ UNOFFICIALLY CLOSES DOWN 35.84 POINTS, OR 0.69 PERCENT, AT 5,153.29





Forexlive Americas Forex new wrap: Election jitters send the dollar lower




U.S. DOLLAR DOWN 0.6 PCT VS YEN, HITS SIX-DAY LOW OF 104.20 YEN AS U.S. STOCKS EXTEND FALL








US TWO-YEAR TREASURY NOTE YIELDS FALL TO 0.83 PERCENT, LOWEST SINCE OCT 24









Nov FOMC: On hold; Too early to say a December hike is a done deal - Danske





Private oil inventory data shows much bigger than expected build, oil price drops








CRUDE +9.3mb GAS -3.6mb DISTILLATES -3.1mb CUSHING +1mb






Europe packs up its bags with negative numbers





Good morning from Berlin. Upbeat China factory surveys buoy Asia stocks but US election jitters weigh on risk sentiment. stabilizes.









US Election Updates.....







Big money flowing , 25 million bet by Adelson on Trump & GOP made this past weekend...







Polls will be especially pertinent in the days ahead







Huma Abedin remains off campaign trail with HRC for fifth consecutive day.










Debbie's turn to go under the bus , move over Huma !













FBI was just responding to a FOIA request....probably just a coincidence that Comey & Holder in focus.










Real nice overview from Plum Line.That Nightmare scenarios are being considered-underlines race really tightened.











CNN head: Brazile’s dealings with Clinton camp "disgusting"










Per : DOJ/FBI officials say Lynch & Comey met privately Monday after a regular NatSec mtg; Lynch pulled Comey aside. (1/3)











They discussed the ongoing effort to examine emails found on the Weiner laptop and their shared desire to move as quickly as possible. (2/3)











Both DOJ and FBI officials describe the mtg. as cordial; a DOJ official says Lynch expressed her continued confidence in Comey. (3/3)










This may take more than a few days for even a "preliminary assessment" , is my surmise.











As mentioned , The Hill has been generating hard hitting material. This time featuring this wikileaks bombshell.











BOMBSHELL: Podesta ordered deletion of emails on the very day news of Clinton's illegal server broke












Of course the DOJ assigned a Clinton crony to oversee the new email investigation







All interestingly , the emails went bye bye...nothing to see here , move along.










Fwiw , Russia -Trump connection was looked into and nothing of substance uncovered.










Hacked Podesta Email Reveals Clinton Foundation "Coercing" Saudi Billionaire For Millions Of Dollars









Trump takes the lead on msm poll.
Oct 22: Hillary 50% - Trump 38%
Oct 30: Hillary 45% - Trump 46%










National LA Times/USC Daily Tracking Poll (10/25-31): Trump 47 (+4) Clinton 43









National Rasmussen Tracking Poll: Clinton 44 Trump 44 Johnson 5 Stein 2 A 3 point shift toward Trump in a day











Around The Horn - Europe.....









Turkey rejects Europe's 'red line' on press freedom after detentions








ECONOMIC ADVISORS SEE 2016 REAL 1.9% GDP GROWTH: FAZ - BBG *GERMAN ECONOMIC ADVISORS SEE 2017 REAL 1.3% GDP GROWTH: FAZ










risk spread over keeps widening as investors see higher risk that the country could leave the .













(3) | PPI is likely to accelerate in October (Nov. 15th).










UK PMI fell in Oct but still 2nd highest in past 27 months, boding well for Q4 GDP













When do the threats start against Italian voters ?














Thousands of pensioners will be dealt a fresh blow on Wednesday as they pick up their lighter auxiliary pensions....














220 migrants broke through a fence between Morocco and Ceuta on Monday, clashing with police in an incident that injured 35.














French demolition teams cleared the last shacks in the Calais , concerns mount for thousands of migrants sleeping rough in Paris..











Italexit is the new Grexit: No longer Greece, but is now country that is most likely to leave Euro within 1y










Pound pops higher as Mark Carney to stay at Bank of England until June 2019 to help address .




















Downturn in ’s manufacturing sector intensifies in October. Manufacturing PMI down to 48.6, a five-month low




Odds & Ends....





Libya......






Reports of agreement in London btwn Kabir & Prez Council to release LYD 11bn for PC to address security, power, health & salaries.







London Meeting can't end in success when East not present at the Meetings...









Iran has suspended recognition of GNA - until approved by the HoR...









Saudi Arabia....






Do you know in 10% taxes implemented and the price of electricity increased almost 10 times more?







King Salman has empowered Prince Mohammed-to oversee economic reform plans.The removal of fin min allows new blood in senior cabinet role.







Iraq.......






Very direct message from Abadi. Extremely important to note Iraq is not going to allow ISIS to melt away into Syria.








(2) Total disappearance of ISIL from the Western bank, except for few check points.






(6) The Western bank still witnessing minimal people's activity, while the Eastern bank's streets are entirely empty people.






(9) ISIL forced all young men to leave their homes and to gather them at the mosques at







(11) It is believed that ISIL is detaining all the former members of the security forces.







(13) The bombardment was very heavy at Al-Karama neighborhood. The bombardment was ground artillery, rockets, morter shells, & airstrikes.







(14) The situation at Al-Karama is very concerning and scary. The civilians are stuck in the cross fire.







Latest Updates on the ops advances in Mosul Nov.1st., 2016 - Dusty weather in Mosul today. The residents are in...







(3) Total disappearance of ISIL from Al-Karama. People are anticipating when the liberation is declared.





(4) Sections of ICTS is controlling Gugjali & Mosul's TV station in its entirety, after causing ISIL great loses among their fighters.








(10) The Iraqi forces are now 5 km deep into the administrative borders of Mosul from the East.







(12) Today, ISIL released tens of detainiees who were detained for the past couple of years.