Natural Gas

Frontrunning: October 21

  • Trump, Clinton trade barbed jokes for charity (Reuters)
  • Islamic State retaliates as Iraqi forces push on Mosul (Reuters)
  • Hedge Fund Managers Struggle to Master Their Miserable New World (BBG)
  • Woebegone Stock Pickers Vow: We Shall Return! (WSJ)
  • Madonna pledges oral sex for Clinton voters (The Hill)

Global Stocks, US Futures Modestly Higher As Debate Digested, Draghi Eyed

Global stocks were modestly higher, before the European Central Bank gives its policy update, while investors weigh mixed earnings results. Asian stocks rise, U.S. equity-index futures are little changed.  The euro touched its weakest level since July and stocks in the region fell after their first back-to-back gains in two weeks.

Cass Freight Index Takes Another Dive Killing August's "False Hope"

It’s difficult to make a case for a great holiday sales season or robust third quarter GDP based on the Cass Freight Index which shows shipments sank 0.4% for the month and are down 3.1% from shipments a year ago. As Cass warns, the "glimmer of ‘less bad’ hope in August" was "false hope."

Global Stocks Rebound As Fed Fears Ease, Dollar Falls From 7 Month High

If yesterday's session was marked by concerns about Fed tightening and rising long-end rates, today concerns about a hawkish Fed have subsided, with European, Asian stocks and S&P futures all rising amid speculation Federal Reserve policy will remain accommodative after yesterday's dovish comments by Fed vice-Chair Stan Fischer, as well as weak economic data helped push the US Dollar off its 7 month highs.

Producer Prices Rise Most Since 2014 After Jump In Gasoline, Investment Advisory Costs

Following the unexpectedly hot Chinese inflation data, where PPI posted its first annual increase since March 2012, moments ago the BLS reported that like in China, US wholesale prices also rose more than the 0.2% expected, up 0.3% in September, following an unchanged print the prior month.  On an annual basis, the final demand index increased 0.7% in September from a year ago, the largest 12-month rise since advancing 0.9% in December 2014.

Can The Price Of Oil Hold Above $50 Per Barrel?

"I am doubtful that the price of oil can rise very high, for very long. Our oil price problem is part of a much larger problem. Once we understand the reason for our low-price problem–diminishing returns and the economy’s tie to the use of energy - it is clear that there is no way out of the problem over the longer term."

Turkey And Russia Sign Strategic "Turkish Stream" Gas Pipeline Deal

Turkey and Russia signed the strategic Turkish Stream gas pipeline agreement on Monday. The pipeline will carry Russian natural gas to Turkey and on to Europe under the Black Sea. Moscow and Ankara are also moving forward with plans to create a major energy hub in Turkey, Putin said at the press conference following the signing of the agreement.

European, EM Stocks Slide On ECB Taper Concerns; US Futures Flat

With China on holiday, overnight sessions remain relatively quiet: at this moment, S&P500 futures are little changed as European stocks fall for first day in seven, on yesterday's concern that the ECB is moving toward tightening monetary policy; Asian indices rose slightly for third day. WTI climbs to $49.40, the highest since June 30 after yesterday's surprisingly large API crude draw report.

40 Million Russians To Take Part In "Nuclear Disaster" Drill, Days After US General Warns Of War With Moscow

An unprecedented 40 million Russian citizens, as well as 200,000 specialists from "emergency rescue divisions" and 50,000 units of equipment are set to take part in a four day-long civil defense, emergency evacuation and disaster preparedness drill starting tomorrow, one which will test Russian preparedness in response to "disasters and fires" as well as the rehearsal of "radiation, chemical and biological protection."

Frontrunning: October 3

  • Donald Trump’s Tax Numbers Sharpen Focus on Treatment of Losses (WSJ)
  • Qatari funds nurse €1bn loss on Deutsche Bank stake (Telegraph)
  • Colombian Voters Reject Peace Deal With FARC Rebels (WSJ)
  • Hungarians vote to reject migrant quotas, but turnout too low to be valid (Reuters)
  • Clinton expected to hit Wells Fargo in speech on 'bad corporate actors' (Reuters)

"I'm A Bernie Sanders Voter.. Here's Why I'll Vote Trump"

"Even if he’s as bad as he sometimes projects to be, he’s not as bad as Hillary’s policy-record already is." Sometimes, things in politics are the opposite of the way they seem. The Presidential contest between the ‘liberal’ Hillary Clinton’ and the ‘conservative’ Donald Trump is perhaps the most extreme example of this - for these ten reasons...