Wednesday, November 2, 2016

Economic News , Data & Views...... Quick Hits For November 2 , 2016....... 1) Markets In Focus : Economic & Market Data From Asia For Thursday ; BoJ Not Likely To Upset Markets , As Per Japanese Media ; FOMC Statement & Key Comments - Fed Points To December For Next Rate Hike ; US Stocks Run Losing Streak To Seventh Day ; Europe Stocks Have A Down Day ; Crude Down Again As Well ; Gold Has A strong Showing today ; Additional Items Of Note. 2) US Presidential Contest Updates - Another Wild & Woolly Day. 3) Around The Horn In Europe : May & Tories Remains Popular 110 Days After Brexit Vote ; Items From Italy - Referendum Floundering For Renzi ; Front Running - Overnight News From Europe & Asia ; Deutsche Bank Shares Tipping Over Again. 4) Libya In Focus - State Of Play - Political & Battle With ISIS At Sirte Updates.



Markets.....





Asia Markets - Thursday.....







ForexLive Asia FX news: USD/JPY falls hard







Early Asia 'wrap', USD weaker across the board





China Caixin October Composite PMI is at 52.9 (prior 51.4)






China - Caixin Services PMI (October): 52.4 (prior 52.0)






PBOC sets USD/CNY mid-point today at 6.7491 (vs. yesterday at 6.7562)






Philippine stocks extend losses to a 9th straight day; longest in 12 months. Index has erased ~610 billion pesos in value since mid-October








New Zealand stocks on track to enter a correction this Thursday after the Philippines blew past that threshold Wednesday.








Philippine stocks entered a correction Wednesday. This Thursday, one more market in APAC poised to do the same.....










Good morning (and good luck) Asia... US stocks down for a 7th straight VIX "Market Fear" index up for a 7th Gold above $1,300 Oil below $45






Wednesday Items.....





Economic data due from Asia today





Japan press: BOJ "likely to avoid upsetting markets", take long view on inflation







Complete statement for FOMC meeting for November 2 , 2016.







*FED SAYS CASE FOR A RATE HIKE HAS CONTINUED TO STRENGTHEN






*FED: INFLATION HAS INCREASED SOMEWHAT SINCE EARLIER THIS YEAR






*FED REPEATS RISKS TO ECONOMIC OUTLOOK `APPEAR ROUGHLY BALANCED'









US stocks down for the 7th straight day








DOW JONES UNOFFICIALLY CLOSES DOWN 74.03 POINTS, OR 0.41 PERCENT, AT 17,963.07








S&P 500 CLOSES BELOW 2,100 LEVEL FOR FIRST TIME SINCE JULY 7







S&P 500 UNOFFICIALLY CLOSES DOWN 13.61 POINTS, OR 0.64 PERCENT, AT 2,098.11







NASDAQ UNOFFICIALLY CLOSES DOWN 47.47 POINTS, OR 0.92 PERCENT, AT 5,106.11








Another load of bad numbers packed in the boot as Europe exits








UK'S FTSE DOWN 1 PCT; FRANCE'S CAC DOWN 1.1 PCT






GERMANY'S DAX DOWN 1.4 PCT; SPAIN'S IBEX DOWN 1.8 PCT







US crude oil futures settle at $45.34 per barrel





 




(3) | Crude inventory rose 14.4M (biggest crude oil build in history)









EIA Crude: 14.420M Cushing: 0.089M Gasoline: -2.207M Distillates: -1.828M Imports: 1.990M








Tell me again about the production freeze scheme for November , when oil outputs are booming for Russia & US ?










Fear of Trump pushes above $1,300 as investors seek haven.










Global Negative-Yield debt total plunges 18% to $9.8trn. It’s the biggest drop in less-than-zero bonds since July 2015. (via BBG)









Good morning from Berlin. Stocks, dollar rattled by tightening US election race as mkts see possible Trump victory could create uncertainty.









US Political Updates.....








FBI Sources Tell Fox News An "Indictment Is Likely" In Clinton Foundation Case | Video | RealClearPolitics









FWIW - Potential Bombshells looming , IF ACCURATE ! Key takeaways : A) The Clinton Foundation investigation is far more expansive 1 of 8









FBI Director Comey about to be shown the door ? Obama , Harry Reid , Nancy Pelosi and Chuck Schumer bring out the long knives for Comey...










Comey told of new emails potentially relevant to the investigation of Hillary Clinton’s at least two weeks before Comey notified Congress..









Leaked email shows Clinton team communicating with State Dept. on emails








Comey Is Not the One Whose Unorthodox Actions Are Casting a Cloud over the Election





Nothing to see here....






Weiner has checked into treatment center for sex addiction. Electronic devices banned. He's silenced thru Nov 8th.






There is a lot of truth in this article (IMO) , but read and decide for yourself.





It certainly seems that voters are coming home , remains to been seen to which party.






I think someone will make a decision soon it's time to spend more time with the family. Just saying...






Bit by bit , the possibility that Trump actually might win , is creeping in...









Adelson 25 million to fund ads hitting on corruption showing up. Expect major floggings between now & Election Day.








What Democrats won't tell you about Hillary...








What Republicans won't tell you about Trump..










Both Hillary and Obama have both touched on this theme today. File this "coincidence" away , for now.





Turned out to be a dud....






Jane Doe vs Donald J Trump:







Law firm of Jane Doe vs. had their website hacked today. Anonymous claims responsibility; so Anonymous, Wikileaks . u get the picture








Attorney Lisa Bloom cancels Jane Doe vs. Trump presser says threats made.











A point shift toward Clinton in a day









National, Head-To-Head(10/28-31): ABC/WaPost Poll: Clinton 48% (+1) Trump 47%









National ABC/WaPost Daily Poll (10/28-31): Clinton 46 Trump 46 Johnson 3 Stein 2







National LA Times/USC Daily Tracking Poll 10/26-11/1: Trump 48 (+6) Clinton 42 2 point shift toward Trump in a day








Around The Horn - Europe.....







umimpressed with German politician 's racial slur








Thousands of refugees living on Paris streets after Calais camp destroyed









AMONG GROUP OF BANKS FACING HIGHER CAPITAL HURDLE WHEN NEW BASEL RULES INTRODUCED: REGULATORY SOURCES - RTRS
















Brexit is popular








Morning roundup...









| VICENZA, VENETO BANKS SAID TO NEED UP TO $2.7 BLN OF CAPITAL - BBG










David Folkert-Landau has recently called for a 150 BN Euro bailout for Europe's Banks. Who has entered the DarkSide?








Europe morning wrap for FX. Reminder that today is FOMC policy announcement day , for Nov 1-2 FOMC meetings.







The Article 50 Decision will be handed down tomorrow at 10am in Court Room 4.






Forza Italia Chief Whip Said To Reject Option Of Postponing Referendum -







No wonder Alfano is saying Referendum should be delayed !






'S ALFANO SAYS SHOULD CONSIDER DELAYING REFERENDUM: RTL







Libya.....






State Council holds meeting in new location after headquarters were seized on Oct 14.









Rome to host a meeting on on November 17 to follow up on decisions made at the London meeting








US launches 14 airstrikes on targets in Tuesday. 367 total strikes since August 1.









Leak revealing secret US base in causes tension w/ , diplomats demand clarification of its purpose.








Short version of 'PM' Sarraj interview: Int'l community made me an emperor w/ no clothes. They didn't give me peace, money & an army.









CBL blames GNA's inept Presidency Council&militias for liquidity crisis,"can’t provide money in the wake of the current instability&looting”








Fathi al-Majbri: The political parties assembled [at London Economic Meeting] do not have the legislative power to decide anything








Fathi al-Majbri: I am not worried about any of the decisions taken at the London Economic Meeting becoming reality








Protest at Tripoli kidnapping today









'PM' Sarraj: It isn't my role to amend the LPA or manage a war. If -ns wish to continue fighting, I'm not the right man for this role.








UN-appointed PM Sarraj: I will not propose a new government (GNA) for HoR approval until the HoR passes a constitutional amendment.








3 keys from Sanalla- “1st , the ports and pipelines that are currently open must stay open ; 2nd the blockade of the Riyayna pipeline 1








Waiting in line overnight in Tripoli....This actually may be Benghazi though ( based on Twirp comments.)












Meanwhile, away from the chaos and lawlessness of metro Tripoli, is making business deals in (independent) east and in Zintan










My friend's husband waited 6 hours at the bank today, came home empty handed. Has done this every day this week.




No comments:

Post a Comment