Friday, November 4, 2016

Economic News , Data & Views..... November 4 , 2016....... Quick hits For Friday - ! ) Markets & Market Moving News : US Stock Markets Slump For 9th Straight Day ; " Fang Stocks " Bite Investors For 1 BN Last Week ; Global Stocks Troubled By High Anxiety Including US Election ; Fed Hike For December Jawboning , Almost Like OPEC Production Freeze Jibber Jabber ; OIL News De Jour ; NFP Report & Employment Data ; Additional Market Moving News To Consider. 2) Around The Horn - Europe : Greece Reshuffle ; Commerzbank Results Released ; Turkish Purge Of HDP Roils Europe Especially Germany ; Italy News De Jour.; UK Items To Consider. 3) Us Election News De Jour - Polls And Information To Consider. 4) Odds & Ends - Libya , Morocco , Turkey , Jordan Iraq , Japan In Focus.



Markets......







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.







Bang !








| after objects to limiting prod in Vienna, Saudi delegate threatened to raise prod to 11-12mbd. sources. RTRS







OIL PRICES EXTEND LOSSES, BRENT CRUDE DOWN BY $1 AT SESSION LOW OF $45.31 A BARREL








Below 44 level ...










This moves the market more than the 200-day average








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










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 -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.








Greek Government Reshuffle Announced: Meet the New Ministers







List of new Cabinet members..










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.






Giorgos Stathakis replaces Panos Skourletis as Energy and Environment Minister in Greek government reshuffle.





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












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






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"






Credibility of fight against terror conducted by US and its Gulf allies , stretched by WikiLeak disclosures.










police aware of possible plot for eve of US election-"credibility...still being assessed" - Deputy Commissioner










US Intel warns of possible terror attack in US for Monday-note ISIS Head Bagdadi issued threat vs West Nov 2nd.Fwiw









Internal vulnerability document shows what attacks worried campaign before launch...there was a lot









Trump And Clinton Remain Deadlocked Amid New Clinton Scandal Revelations: IBD/TIPP Poll via









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.










UN Libya envoy calls for migrant smuggling to be fought.






Tripoli life - currency shortages continue.














A week on, protesters gather in hometown of Moroccan fisherman crushed by rubbish truck








Note thread on Turkish repression of opposition leadership.








: Seven opposition HDP lawmakers arrested, including co-chairs








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.







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...