Tyler Durden's picture

Frontrunning: October 23

  • Canada PM vows crackdown after capital shocked by fatal attacks (Reuters)
  • Canada Gunman Was Convert to Islam With Criminal Record (BBG)
  • Some U.S. hospitals weigh withholding care to Ebola patients (Reuters)
  • But... Great rotation... Bond funds stock up on Treasuries in prep for market shock (Reuters)
  • Saudis at War With Islamic State Confront Echo of Kingdom’s Past (BBG)
  • EU’s Top Banker Warns of Rule Fixation ‘Going Beyond Reason (BBG)
  • U.S.-led air strikes killed 521 fighters, 32 civilians in Syria (Reuters)
  • Growing Kurdish Unity Helps West, Worries Turkey (WSJ)
  • Don’t Be Distracted by the Pass Rate in ECB’s Bank Exams (BBG)
  • Hedge Funds Add to Venture-Capital Bounty (WSJ)
  • Speed-of-Light Trading Grows in Europe With McKay Network (BBG)
Tyler Durden's picture

Frontrunning: October 6

  • Ebola Patient Fights for Life as Contacts are Monitored (BBG)
  • GPIF Unlikely To Announce New Portfolio Until November: Delay Could Rattle Investors Hoping Fund Will Invest More in Stocks (WSJ)
  • High risk Ebola could reach France and UK by end-October, scientists calculate (Reuters)
  • Neves to Face Rousseff in Brazil in Surprise Comeback (BBG)
  • Hong Kong democracy protests fade, face test of stamina (Reuters); A Hong Kong Protest Run on Fumes and Instant Noodles (WSJ)
  • Putin Clans Said Gridlocked Over Arrest as Sanctions Bite (BBG)
  • Surging dollar may be triple whammy for U.S. earnings (Reuters)
  • Lloyds Said to Cut Thousands of Jobs as CEO Cuts Costs (BBG)
Tyler Durden's picture

Frontrunning: September 30

  • Hong Kong protesters stockpile supplies, fear fresh police advance (Reuters)
  • Protesters stay out on Hong Kong streets, defying Beijing (Reuters)
  • Traders Turn Up Grilling Sausages at Hong Kong Protests (BBG)
  • Ukraine Army Sees Worst Day Since Truce as Battles Flare (BBG)
  • Islamic State uses grain to tighten grip in Iraq (Reuters)
  • For Putin Ally, U.S. Sanctions Only Add to Anti-Russia Conspiracy Theory (WSJ)
  • Coinbase Leads Move to Bring Bitcoin to Masses (BBG) - good luck
  • Austria Cracks Down on Spies -- and Jihadis (BBG)
  • EU Believes Apple, Fiat Tax Deals Broke Rules (WSJ); Apple’s Irish Tax Deal ‘Engineered’ to Boost Employment, EU Says (BBG)
Tyler Durden's picture

Frontrunning: September 26

  • Mystery Man Who Moves Japanese Markets Made More Than 1 Million Trades  (BBG)
  • Draghi’s Trillion-Euro Pump Finds Blockage in Spain: Euro Credit (BBG)
  • Apple plays defense on iPhone 6 bending, software concerns (Reuters)
  • U.S. to Shield Military From High-Interest Debt (WSJ)
  • U.S. Outgunned by Extremists on Social Media Battlefield (BBG)
  • Yen Weakens on Pension Fund Reform; Aussie Drops to 7-Month Low (BBG)
  • Secretive Russian oil giant has no fear of sanctions (Reuters)
  • Ride-Sharing Services Face Legal Threat From San Francisco, Los Angeles (WSJ)
  • Putin’s Sell-Treasuries-for-BRICS Bonds Plan Has Limits (BBG)
Tyler Durden's picture

Scottish "No" Vote Pushes S&P To New Record High; Cable, Yen Roundtrip On Quad-Witching Alibaba Day

So much for any Scottish referendum vote "surprise": the people came, they voted, and they decided to stay in the 307-year-old union by a far wider margin, some 55% to 45%, than most polls had forecast, even as 3.6 million votes, a record 85% turnout, expressed their opinion. The gloating began shortly thereafter, first and foremost by David Cameron who said "There can be no disputes, no re-runs, we have heard the settled will of the Scottish people." Queen Elizabeth II, who is at her Scottish castle in Balmoral, is expected to make a rare comment on Friday. But while a No vote was where the smart betting money was ahead of the vote anyway, and is thus hardly a surprise, the most curious thing overnight was the complete roundtrip of cable, which was bought on the rumor and then sold off on the news, roundtripping by nearly 200 pips.

Tyler Durden's picture

Scotland Votes As Andy Murray Provides Last Minute Boost For "Yes" Camp; Wall Street Roundup

The long awaited moment finally arrived after Scots began voting at 7am BST on whether to break away from the U.K. and end the 307-year union, even as latest opinion polls show the campaign against independence maintaining a narrow lead over those favoring independence.  And while the No's are said to have a slim lead into the vote, even if it is really the Undecideds whose vote will determine the final outcome, somewhat surprisingly, the Yes camp got an unexpected boost just hours before the polls opened when 27 year old tennis star, and Scot, Andy Murray declared his support for Scottish independence in an 11th hour intervention on Thursday morning, after years of keeping silent on the issue.

Tyler Durden's picture

Credit Suisse Warns Of "Self-Fueling Negative Feedback" In Scotland; Here's Who Is Exposed

Credit Suisse warns of a self-fuelling feedback loop of rising risks and costs to the Scottish financial and sovereign sectors, and a steady migration of capital, activity, jobs and taxes if the Scots vote "Yes". However, if the vote is a close "no", they warn "the cat is out of the bag," and risk remains.

GoldCore's picture

Panic On The Streets Of London ... Can Scotland Ever Be The Same Again?

There is now less than one week of campaigning remaining before the Scottish Independence Referendum, which takes place next Thursday, September 18.

The pro-union ‘no’ vote campaign is back in the lead this week after the latest opinion poll from pollsters YouGov put them at 52%, marginally ahead of the pro-independence ‘yes’ campaign.

Tyler Durden's picture

Frontrunning: September 11

  • Obama orders U.S. airstrikes in Syria against Islamic State (Reuters)
  • Obama Relying on Mideast Allies to Counter Islamic State (BBG)
  • Scotland Nationalists Claim U.K. Oil in 40-Year Campaign (BBG)
  • Scottish Polls Embolden Catalans Pushing Rajoy for Vote (BBG)
  • Royal Bank of Scotland: RBS will leave Scotland if voters back independence (Guardian)
  • Most Hedge-Fund Managers Are Overpaid, Unigestion Says (BBG)
  • China Inflation Softens to Four-Month Low (WSJ)
  • Munger Hosts Groupies, Mocks Wall Street, Praises Buffett (BBG)
Tyler Durden's picture

Futures Slide On Renewed Catalan Independence Jitters, Disappointing Chinese Inflation

Following yesterday's confusing exuberance, which saw the sluggish market rise in the last hours of trading as the latest Scottish poll showed a reverse of the "Yes" momentum (and fading Gartman's latest reco of course), overnight European jitters have re-emerged once more following a speech by Catalonia's Artur Mas, who has long pushed for independence of the region, and who said that while there are different ways Catalonia can vote, the important issue is that Catalans vote somehow. Mas says Spanish govt will likely try to block Catalan vote "the reasons why the central government is blocking the vote are political not legal", which in turn has once again brought attention to Europe's artificial, unstable and temporary political and monetary union, which threatens a reversion of the nightmare days from 2012 when Mario Draghi was promising he would do everything in his power to send the EUR higher (as opposed to now).

Marc To Market's picture

Scottish Jitters Past Peak?

Quick update, and outline of reasons to suspect anxiety over Scottish independence has peaked. 

Tyler Durden's picture

Frontrunning: September 9

  • Showtime for Apple: Big phones, smart watches and high expectations (Reuters)
  • Bank of England Gov. Mark Carney Signals Spring Rate Rise (WSJ)
  • Quebec Shows Scots Question Returns Even If Answer Is No (BBG)
  • Hush money with a 9 year vesting period: Ex-SAC Fund Manager Martoma Sentenced to Nine Years in Prison (BBG)
  • Dreams on hold, Brazil's 'new middle class' turns on Rousseff (Reuters)
  • Fed to Hit Biggest U.S. Banks With Tougher Capital Surcharge (WSJ)
  • Egypt court sentences Brotherhood leader, cleric to 20 years in jail (Reuters)
Tyler Durden's picture

US Equity Futures Levitate As Yen Fireworks Continue; All Attention Still On Scotland

While overnight US equity futures have done nothing notable, what everyone's attention has been fixed on, in addition to the GBP and the read-through to all things UK-ish ahead of the Scotland independence referendum, is the sudden flare up in USDJPY trading and volatility, which exploded by some 100 pips in the past 24 hours hitting fresh post-2008 highs, on what appears to be a major capital reallocation move (it surely is not driven by any news) and/or forced squeeze. What is more perplexing is the change in correlations signals, because while until recently the USDJPY was synonymous with the E-Mini, and thus the S&P, as of late the USDJPY pair has moved tick for tick with the 10Year yield: almost as if the NY Fed's favorite HFT trading shop was instructed to change its vast array of signal inputs away from the S&P and to force a gentle levitation in the 10Y.

Tyler Durden's picture

Scottish Independence Referendum: The Complete Summary

For those just catching up on the main news event of the weekend, namely the sudden surge in Scotland "Yes" vote polling surpassing 50% for the first time, here is a complete round up of the background, updates and expert reactions from RanSquawk, Bloomberg and AFP.

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