RBS

Frontrunning: November 17

  • Dollar halts charge as bashed bonds steady (Reuters)
  • BOJ Fires Warning at Bond Market With Unlimited Buying Plan (BBG)
  • Trump Flouts Traditions Heading Into an Office Defined by Them (BBG)
  • Mr. Hedge Fund Goes to Washington, Looking for Ally in Trump (BBG)
  • Donald Trump’s Son-in-Law, Jared Kushner, Could Get Key White House Role (WSJ)

Frontrunning: November 8

  • At last, America decides (Reuters)
  • America’s Voters Finally Get Their Day (BBG)
  • This Election Has One Sure Thing: A More Dysfunctional Congress (BBG)
  • Control of the Senate Goes Down to the Wire (WSJ)
  • 2016 Election Day: Live Results and Analysis (WSJ)
  • Dollar Volatility Drops as Clinton Leads in Final Election Poll (BBG)

Global Bond Selloff Resumes; Stocks Rise Following Strong Chinese Data

With October, the worst month for stocks since January, now in the history books S&P futures are eager to telegraph that the streak of five consecutive will end, with a modest gain of 0.3% in overnight trading, coupled with mixed global markets as the global bond selloff returned after strong Chinese economic data prompted concerns about rising global inflation.

Global Stocks Drop On Poor Earnings, Bond "Bloodbath" Ahead Of US Q3 GDP

S&P futures and Asian stocks were little changed while European shares fell as the global bonds sell-off deepened on speculation major central banks are moving closer to reining in stimulus, while stocks retreated after disappointing results from companies including Amazon.com and AB InBev.

Frontrunning: October 27

  • Clinton Foundation’s Fundraisers Pressed Donors to Steer Business to Former President (WSJ)
  • Democrats ask judge to sanction Republicans over Trump (Reuters)
  • Inside the Trump Bunker, With 12 Days to Go (BBG)
  • U.K. Growth Shows an Economy Resilient to Brexit (BBG)
  • Qualcomm to buy NXP Semiconductors for about $47 billion including debt (Reuters)

Cashless Society - Is The War On Cash Set To Benefit Gold?

If governments allow banks to shut down bank accounts of individuals or companies without a fair trial and due legal process, it will create a very dangerous situation indeed. In this environment, buying gold is rational behaviour to even the biggest paper-bugs out there. The current monetary experiment of massive QE is no longer the main concern of prudent investors and institutions, it is now combined with negative interest rates and bail-ins.

ECB Preview: What Wall Street Thinks Mario Draghi Will Say Tomorrow

While expectations are low from Thursday's ECB meeting,  it may ultimately boil down to Draghi’s communication about asset purchases. Any hint of QE tapering would spur a large-scale sell-off in the rates market, according to most Wall Street strategists. Here is what else the sellside thinks will happen.

UK Prime Minister Responds To Blocking Of RT's Bank Accounts

A decision by NatWest to withdraw banking services in Britain from state-funded Russian broadcaster RT is a matter for the bank, British Prime Minister Theresa May's spokeswoman said on Monday. "It's a matter for the bank and it's for them to decide who they offer services to based on their own risk appetite."

RT's Bank Accounts Blocked In The UK; Russia Foreign Ministry Slams RBS' Decision

While we have yet to get an update from Wikileaks on the status of Julian Assange's internet connection at the Ecuadorian embassy in the UK, which as reported overnight was allegedly "severed" by an unknown "state party", moments ago Russia's RT, a media outlet funded by the Russian government, has allegedly seen its bank accounts blocked by the UK, according to a tweet by the station's editor-in-chief, Margarita Simonyan.