European, Asian stocks fell while S&P futures rebounded as investors assessed a mixed batch of earnings reports while the dollar strengthened to 9 month highs versus most of peers on rising confidence that the Fed will raise rates this year, pushing global bond yields higher.
"Policy makers everywhere have somehow convinced themselves that if they engineer higher longer-dated yields, then inflation expectations will rise too,” he explained. “They’re basically saying you can invert causation.” And in today’s new reality, everything’s possible, so why not inverse causation too?
Just as we warned previously, it appears Russia is spoiling the oil-rally party. IFX reports that Russia's envoy has stated that they are "against oil output cuts." Furthermore, seemingly confirming no 'cut', Venezuela's Pino says "freeze" deal may only be temporary. So freeze at best (at record levels) and no cut..
Norwegian authorities reported that a radioactive leak had taken place at a nuclear research reactor in southern Norway. The reactor at the Institute for Energy Technology (IFE) in Halden leaked radioactive iodine, the Norwegian Radiation Protection Authority (NRPA) said.
One provocation follows another against the endless drumbeat of Western media reports about “Russian aggression”. The war preparations greatly reduce European security and the chances for revival of constructive dialogue between Russia and NATO – something Russia has been calling for so many years. Instead, the bloc is doing its best to provoke an arms race with unpredictable results.
It is the government of Ecuador's prerogative to decide how to best guard against the misinterpretation of its policies by media groups or states whilst ensuring that it protects Mr. Assange's human rights.
"We should be producing 9 million if it wasn't for the wars." Falah al-Amiri, head of Iraq state oil marketer SOMO, said, making it clear that Iraq would not cut production (or even freeze): "We are not going back. It’s a question of sovereignty."
“[w]e have the information... If the F.B.I. asks, we are ready to supply the I.P. addresses, the logs, ... but nobody contacted us. It’s like nobody wants to sort this out...analysis of the internal data allows [us] to confidently refute any conclusions about the involvement of the Russian special services in this attack..."
"They are deploying all of the Northern fleet and much of the Baltic fleet in the largest surface deployment since the end of the Cold War," a NATO diplomat said on condition of anonymity. "This is not a friendly port call."
The Norwegian military has released pictures taken by surveillance aircraft of a fleet of Russian warships sailing in international waters off the coast of Norway and reported to be heading to Syria. Among the ships observed was the aircraft carrier Admiral Kuznetsov and the Pyotr Velikiy battle cruiser, on their way to join the Russian military effort in Syria.
Global auto sales just hit an all time high of 78 million units in September, however the explanation is simple: China. Of the impressive 4.4 million unit rise in global auto sales since June, China alone contributed for 84% of this global increase, or 3.7mn units.
EU launches largest cyber war game in history to prepare for cyber attacks designed to "manipulate stock markets, leak sensitive information, tamper with customer data, and sabotage critical infrastructure."
U.S. equity index futures fell, with European, Asian stocks also declining before the September payrolls data, following the stunning 2-minute "flash crash" meltdown in sterling which plunged as much as 6.1%, the most since Brexit and is set for its biggest weekly loss since 2009.