France
ISIS Axis Assemble! Turkey To Establish Military Base In Qatar
Submitted by Tyler Durden on 12/18/2015 17:00 -0500"Turkey and Qatar face common problems and we are both very concerned about developments in the region and uncertain policies of other countries. We confront common enemies. At this critical time for the Middle East cooperation between us is vital."
Syria Stunner: German Intelligence "Cooperating" With Assad, Berlin May Reopen Embassy In Damascus
Submitted by Tyler Durden on 12/18/2015 09:28 -0500On Friday we get still more evidence that the West is begrudgingly coming to terms with the fact that Assad will be sticking around for the foreseeable future in Syria, as Bild (citing anonymous sources) says German spies have been "cooperating" with Assad for "some time" and are set to establish an intelligence cell in Damascus.
Futures Slide As Quad-Witching Has A Violently Volatile Start After Massive BOJ FX Headfake; Oil Tumbles
Submitted by Tyler Durden on 12/18/2015 06:49 -0500- Australia
- Bank of Japan
- Beige Book
- Bond
- Central Banks
- China
- Copper
- CPI
- Crude
- Crude Oil
- default
- Economic Calendar
- Equity Markets
- Federal Reserve
- fixed
- France
- Germany
- headlines
- Hong Kong
- Hungary
- Initial Jobless Claims
- Japan
- Jim Reid
- Kuwait
- Markit
- Mexico
- Monetary Base
- Monetary Policy
- Natural Gas
- New Zealand
- Nikkei
- Norges Bank
- Philly Fed
- Precious Metals
- Price Action
- RANSquawk
- Real estate
- Sheldon Adelson
- Ukraine
- Volatility
- Yen
Following the latest BOJ statement, the market found itself wrongfooted assuming the BOJ was actually launching another episode of easing, sending the USDJPY soaring, until suddenly the realization swept the market that not only was the incremental action not really material, but even Kuroda spoke shortly after the announcement, confirming that "today's decision wasn't additional easing." The result was one of the biggest FX headfakes in recent days, perhaps on par with that from December 4 when EUR shorts were crushed, as the biggest carry pair first soared then tumbled and since the Yen correlation drives so many risk assets, also pulled down not only Japanese stocks but US equity futures.
Global Stocks, US Futures Greet Historic Fed Day With Euphoria
Submitted by Tyler Durden on 12/16/2015 06:48 -0500The day has come when the boxed-in Fed has no choice: with the vast majority of the market expecting a rate hike, Yellen has to deliver or suffer a crushing confidence blow like no other. And deliver she will, with expectations that said hike will be "as dovish as possible." For now however, the market is desperate to convince itself that just as more easing and more QE were bullish for the market, so rate hikes are just as bullish. Recall from late 2013: "tapering is not tightening," then the 2015 version of this refrain is "tightening is not tightening."
European Nations Throw Up On EU Plan To Seize Border Sovereignty, Impose Standng Border Force
Submitted by Tyler Durden on 12/15/2015 15:13 -0500“Strengthening Frontex, creating a kind of border guard would by all means be needed, beneficial,” he said on his way into a meeting of EU foreign ministers in Brussels. “But the way the commission proposed it—for it to be a structure independent from nation states—is astounding.” He added: “There’d be an undemocratic structure reporting to no one knows who.”
As US Commandos Arrive In Syria, Kurds Ask "Is This It?"
Submitted by Tyler Durden on 12/15/2015 13:24 -0500"The U.S. troops are about to see for themselves what they're up against, and if America is serious about defeating ISIS, it will need to contribute more than guns and bullets; America's new allies will need artillery, armored vehicles and antitank weapons to match ISIS' firepower."
And Another: Junk Bond Fund Run By Clintons' Close Personal Friend Slammed With Heavy Redemptions
Submitted by Tyler Durden on 12/15/2015 08:54 -0500News that billionaire Marc Lasry's Avenue Credit Strategies Fund open-ended mutual fund has been slammed with redemptions in recent weeks will hardly ease fears about a capital outflow from the junk bond which has sent junk ETFs down 12% for the year and has become the main topic of discussion over the past week following a flurry of reports about panic among holders of below-investment grade bonds.
Ron Paul: "If You Want Security, Pursue Liberty"
Submitted by Tyler Durden on 12/14/2015 20:00 -0500Judging by his prime-time speech last week, the final year of Barack Obama’s presidency will be marked by increased militarism abroad and authoritarianism at home. The centerpiece of the president’s speech was his demand for a new law forbidding anyone on the federal government’s terrorist watch list from purchasing a firearm. There has never been a mass shooter who was on the terrorist watch list, so this proposal will not increase security. However, it will decrease liberty.
Marine Le Pen Will Reap What The EU Has Sown
Submitted by Tyler Durden on 12/14/2015 13:50 -0500Many people are cheering now that yesterday Marine Le Pen and her Front National (FN) party didn’t get to take over government in any regions in the France regional elections. They should think again. FN did get a lot more votes than the last time around, and, though she will be a little disappointed after last weekend’s results, it’s exactly as Le Pen herself said: “Nothing can stop us”.
Key Events In The Coming "Fed's First Hike In 9 Years" Week
Submitted by Tyler Durden on 12/14/2015 09:22 -0500While this may well be the most important week for capital markets in the past 9 years, when the Fed is widely expected to hike rates on Wednesday, precisely 7 years to the day since it cut rates to zero, here are the other key events to watch out for.
France's Far-Right Nationalist Party Swings From First To Worst; "Routed' In Regional Election Run-Off
Submitted by Tyler Durden on 12/13/2015 14:19 -0500A week ago, fear was tangible as France's far-right Front National party won an unprecedented 2 provinces in the nation's first elections since the Paris terror attacks. With 40% of the votes, Marine Le Pen's party dominated the mainstream political parties and status quo maintainers were beginning to quake. Now, a week later, with turnout surging from 50% to 59%, Front National has been "routed" according to AP, failing to win any regions.
Is ISIS Simply A "Saudi Army In Disguise"?
Submitted by Tyler Durden on 12/12/2015 22:00 -0500
What stinks in Saudi Arabia ain’t the camel dung. It’s the monarchy of King Salman and his hot-headed son, Prince Salman. For decades they have financed terrorism under a fake religious disguise, to advance their private plutocratic agenda. It has nothing to do with religion and everything to do with money and oil. Saudi control of that oil wealth (from Iraq to Syria) via their ISIS agents, along with her clear plan to take out the US shale oil competition, or so Riyadh reckons, would make the Saudi monarchy a vastly richer state.
Crushing The Auto-Makers' Dreams (In 2 Depressing Charts)
Submitted by Tyler Durden on 12/11/2015 13:40 -0500Earlier this morning we got another glimpse of reality behind the smoke-and-mirrors, mainstream-media-sponsored last-pillar-standing lovefest that is US auto sales when the business sales data showed a disheartening tumble in sales in October. So where are all the sales going that automakers report? The answer is simple... (and painful).
Bail-Ins “Undermine Confidence” In Banks - Lead to Suicide of Pensioner
Submitted by GoldCore on 12/11/2015 11:36 -0500A tragic example of this was seen in Italy in recent days when a pensioner committed suicide after having his life savings wiped out in a bank bail-in. A pensioner from near Rome, hanged himself after his €100,000 (£72,000; $110,000) investment in Banca Etruria bonds were wiped out in a bail-in. A suicide note was left by the pensioner criticising the bank.
US Equity Futures Suddenly Fall Off A Cliff As Europe Slides, Oil Tumbles, EM Currencies Turmoil
Submitted by Tyler Durden on 12/11/2015 06:41 -0500- Australia
- B+
- BOE
- Bond
- Central Banks
- China
- Consumer Sentiment
- Copper
- CPI
- Crude
- Crude Oil
- default
- Equity Markets
- Fail
- fixed
- France
- Germany
- Glencore
- Global Warming
- Henderson
- Hong Kong
- Initial Jobless Claims
- International Energy Agency
- Iran
- Japan
- Jim Reid
- Michigan
- Monetary Policy
- Nikkei
- OPEC
- Ordos
- RANSquawk
- recovery
- Reserve Currency
- University Of Michigan
- Yuan
It was a relatively calm overnight session in which European stocks wobbled modestly, Japan was up, China was down following its weakest fixing since 2011 as the PBOC continues to aggressively devalue since the SDR inclusion (stoking concerns capital outflows are once again surging), EM stocks stocks were weak and the dollar was unchanged ahead of today's retail sales data and next week's Fed meeting, and then suddenly everything snapped.



