- Soothing Fed sounds send shares, emerging markets higher (Reuters)
- Belgian Police Conduct Raids in Connection With Paris Attacks (WSJ)
- The Paris Attacks Can’t Lead to a Closed Europe (BBG)
- Alleged Mastermind of Paris Attacks Was ‘Emir of War’ (WSJ)
- U.S. Eyes Russia-Iran Split in Bid to End Syria Conflict (WSJ)
- Despite tensions, Asia-Pacific nations close ranks against terrorism (Reuters)
- Security jitters drive European investors back to safe havens (Reuters)
- Global Anti-ISIS Alliance Begins to Emerge (WSJ)
- Merkel says cancelling soccer match was 'responsible' decision (Reuters)
- Paris attacker may have had accomplice on journey through Balkans (Reuters)
- Drop Assad demands if you want to unite against Islamic State: Russia to West (Reuters)
- Putin sets up commission to combat terrorism financing (Reuters)
Global Stocks Tread Water After Two Consecutive Terrorist Scares; Oil Rises, Industrial Metals TumbleSubmitted by Tyler Durden on 11/18/2015 07:03 -0500
If this weekend's gruesome terrorist attack on Paris ended up being hugely bullish for stocks, then two subsequent events, a stadium-evacuation scare in Hannover (where Angela Merkel was supposed to be present) and a raid in north Paris which left several dead in the ongoing manhunt against the alleged ISIS mastermind, appear to have but some question into if not stocks then algos whether a rising wave of terrorist hatred across Europe is truly what central bankers need to unleash more QE. That said, we expect the current weakness to last only until the traditional USDJPY carry ramp pushes stocks traditionally higher.
As Q3 Earnings Season Winds Down, A Summary Of Where We Stand And The 4 Main Themes From Conference CallsSubmitted by Tyler Durden on 11/09/2015 20:55 -0500
With the third quarter earnings season almost over, and 90% of companies having reported, here is a quick look at where we stand and what has emerged as the 4 main themes during earnings calls.
The re-enserfment of Western peoples is taking place on several levels...
Bernie Sanders supporters seem to be everywhere. 49% of Democrats now have a favorable view towards socialism. This is scary. And sad. No matter how it is wrapped, socialism is still the belief that we can raise people out of poverty by taking money out of the hands of those who have learned how to produce. And it has never worked. Socialism always fails because at some point people realize they don’t have to work as hard to get the same amount of stuff. It takes all the incentive away to really succeed.
The great buyback manio of the past 3 years may soon be ending, for two key reasons.
"Red meat, under which the IARC includes beef, lamb and pork, was classified as a 'probable' carcinogen in its group 2A list that also contains glyphosate, the active ingredient in many weedkillers."
We expect the ultimate outcome of Carl Icahn's Super PAC will be to make it easier for activists to pressure management teams into buying back even more of their shares - perhaps by granting them a tax amnesty on repatriating some of the $2 trillion in offshore cash if used for shareholder friendly activity - but then again we tend to be cynical.
It's Back To The Future As Stocks, Futures Jump On The Latest Abysmal Economic News; China Tremors ReturnSubmitted by Tyler Durden on 10/21/2015 05:57 -0500
26 years ago, today was envisioned as day when cars flew, holographic movies were box office hits, hoverboards roamed, and people were fired by fax. None of the happened. Instead the only "back to the future" moment this morning is a deja vu one we have seen every day for the past 7 years: bad economic news leading to surging stocks.
News That Matters
This is what happens when the corporate buyback bonanza bursts. If the CFO loved it at $116 - which is Monsanto's average stock buyback stock over the past 5 years - he'll love it at $84.
Q3 Earnings Bloodbath Continues With Terrible Monsanto Results: Company Fires 2,600 As It Boosts BuybackSubmitted by Tyler Durden on 10/07/2015 07:29 -0500
It had been quite a downcast start to the third quarter earnings season following very disappointing earnings from Illumina, Adobe and Yum Brand. Then Moments ago agri-giant Monsanto made it four out of four when it reported absolutely terrible results, cut guidance, but at least announced a new $3 billion stock buyback, one that will soak up all the company's net cash flow. The cost of all of this: some 2,600 worker terminations.
The big overnight story was certainly the BOJ's announcement at 11pm Eastern whether or not the Japanese central bank would boost QE. This is how we previewed it: "now all eyes to the BOJ when tonight around 11pm Eastern, Japan's central bank is expected do and say precisely... nothing." Sure enough, nothing is precisely what the BOJ delivered, leading to a big, if brief tumble in the USDJPY suggesting many were expecting at least a little tip from the BOJ.
RANSQUAWK WEEK AHEAD - 5th October: BoJ, RBA and BoE are all set to announce their latest rate decision this week, while the FOMC will release the minutes from their September meeting, while Alcoa unofficially kick off earning season on Wall St.Submitted by RANSquawk Video on 10/05/2015 06:53 -0500
· BoJ, RBA and BoE are all set to announce their latest rate decision this week, while the FOMC will release the minutes from their September meeting
· Alcoa unofficially kick off earning season on Wall St., with analysts forecasting the first Y/Y EPS decline since 2009