Reuters

Frontrunning: October 18

  • Commodity stocks lift global shares, inflation in focus (Reuters)
  • FBI Papers Show State Department Fought Clinton Email Classification (WSJ)
  • Russia Declares Pause in Aleppo Bombing so Rebels, Civilians Can Flee (NBC)
  • Syria rebels reject Aleppo withdrawal after Russian statement (Reuters)
  • UK lawmakers will 'very likely' have to ratify final Brexit deal: government lawyer (Reuters)

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.

Deutsche Bank Pays $38 Million To Settle Silver Manipulation Lawsuit

The scandal-plagued Deutsche Bank agreed on Friday afternoon to pay $38 million to settle US litigation over allegations it illegally conspired with other banks to manipulated and fix silver prices at the expense of investors. A lawyer for the investors said the deal provides "substantial monetary compensation plus cooperation in the continued prosecution of this case against the non-settling defendants."

 

The Story Changes: The Pentagon Is No Longer Sure Yemen Fired Missiles At A US Ship

The Pentagon declined to say whether the USS Mason destroyer was targeted by multiple inbound missiles fired from Yemen on Saturday, as initially thought, saying a review was underway to determine what happened. "We are still assessing the situation. There are still some aspects to this that we are trying to clarify for ourselves given the threat."

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."

Frontrunning: October 17

  • Bonds Selloff Spreads on Inflation Concern; Stocks Fall With Oil (BBG)
  • Trump charges U.S. election results being rigged 'at many polling places'  (Reuters)
  • CNN’s Stelter Blames Firebombing of NC Republican Office on Trump's 'Over Heated' Rhetoric (Newsbusters)
  • Britain, France seek EU condemnation of Russia over Syria (Reuters)
  • Inside the Secret Society of Wall Street's Top In-House Lawyers (BBG)

The Floodgates Begin To Open

It’s now clear that what governments did to counter the Great Recession may have delayed systemic collapse, but did not resurrect the old normal.

Knave Dave's picture

Wars and rumors of wars are filling the headlines: Russian prep for nuclear war, US accuses Russia of cyberwar and vows retaliation, US military overthrow of Assad, US proxy war with Iran in Yemen, Breakdown in South-Pacific alliances, Pentagon video of dystopian future.