Natural Gas

IMF's Lagarde Slams Globalization, Warns Of A "Groundswell Of Discontent"

"... growing inequality in wealth, income, and opportunity in many countries has added to a groundswell of discontent, especially in the industrialized world—a growing sense among some citizens that they “lack control,” that the system is somehow against them. Financial institutions are being seen as unaccountable to society.... Corruption remains endemic."

Frontrunning: September 7

  • Trump and Clinton look to pass U.S. commander-in-chief test (Reuters)
  • Undecided GOP-Leaning Voters Provide an Opening for Donald Trump (WSJ)
  • Stage set for iPhone 7, but many await 8 (Reuters)
  • Dollar Slides Versus Yen as Prospect of September Fed Hike Dims (BBG)
  • World stocks hit one-year highs as Fed hike prospects fade (Reuters)
  • Merkel strikes back, defends migrant policy after election rout (Reuters)

Frontrunning: September 2

  • Donald Trump Revised Immigration Speech After Mexican Leader’s Tweet (WSJ)
  • Hillary Clinton Raised $143 Million in August for Democrats and Her Campaign (NYT)
  • Putin says he doesn't know who hacked U.S. Democratic Party (Reuters)
  • Samsung issues recall for Galaxy Note 7 after battery fires (Reuters)
  • Putin Joins "OPEC Headline" Fray, Pushes For Oil Production Freeze, Iran Exemption (ZH)

Putin Joins "OPEC Headline" Fray, Pushes For Oil Production Freeze, Iran Exemption

Overnight the debate over the fate of the OPEC oil production got a new and unexpected entrant when Russian president, Vladimir Putin said he’d like OPEC and Russia to reach a deal to freeze supply and expects the dispute over Iran’s participation can be resolved. Putin sided with Iran saying that oil producers recognize that the middle-eastern nation, which has mostly restored the output halted during three years of trade restrictions, deserves to complete its return to world markets

Futures Flat, Global Stocks Higher As Dollar Resumes Rise

The quiet overnight market had been focused on the upcoming comments by Stanley Fischer, who is set to give a Bloomberg TV interview at 6:30am ET, where he was expected to expand on his recent hawkish comments. Heading into Fischer's appearance, the dollar strengthened, global stocks rose, oil hovered around $47, while US index futures were largely flat and Treasuries fell.

Don't Think Armageddon, Think "A Thousand Balls Of Flame... And Then Crickets!"

A whiff of World War III hangs in the air. In the US, Cold War 2.0 is on, and the anti-Russian rhetoric emanating from the Clinton campaign, echoed by the mass media, hearkens back to McCarthyism and the red scare. In response, many people are starting to think that Armageddon might be nigh - an all-out nuclear exchange, followed by nuclear winter and human extinction. It seems that many people in the US like to think that way. But most of the recent American warmongering toward Russia can be explained by the desire to find anyone but oneself to blame for one’s unfolding demise.

Bolivian Minister Kidnapped, "Savagely Beaten To Death" By Striking Mineworkers

In a shocking development in Bolivia, striking workers - who were demanding more mining concessions with less stringent environmental rules - kidnapped and "savagely beat to death" 56-year-old Deputy Interior Minister Rodolfo Illanes. The fatal beating came after the killings of two protesters in clashes with police Wednesday, deaths that likely fueled the tensions.

When The Trucks Stop Running...

"... Then within two weeks, clean water supplies would run out. Within four weeks to eight weeks, there wouldn’t be coal delivered to power plants and electricity would start shutting down. And when that happened, about a quarter of our pipelines use electricity, and so natural gas plants wouldn’t be fed natural gas and they’d start shutting down. It’s a big interdependent system. That’s part of the problem..."

European Stocks Drop, Futures Flat As Rising Dollar Pressures Oil, EMs: All Eyes On The Fed Minutes

European stocks are down led by tech, chemicals, alongside EM stocks which retreated from near a one-year high and oil fell for the first time in a week after hawkish comments from Federal Reserve officials revived bets on U.S. interest rate rises this year, and pushed the dollar higher from 7 week lows ahead of today's Fed Minutes. S&P 500 futures were little changed following yesterday's drop from record highs

Producer Prices Unexpectedly Slide -0.4%, Missing Expectations, As Prices For Clothing, Jewelry, Beef Tumble

Just as moments ago a far weaker than expected retail sales report once again confounded economic watchers who, in the aftermath of the second month of surprisingly strong payrolls, were expecting the upward momentum to continue, so at the same time we got the latest producer price report, according to which PPI for final demand decreased 0.4% in July. 60% of the decrease in prices for final demand services is attributable to margins for apparel, jewelry, footwear, and accessories retailing, which fell 6.0 percent, while a major factor in the decrease in the index for final demand goods was prices for beef and veal, which fell 9.8%.