Clinton Foundation May Be In Ethics Breach With Bill's $1 Million "Present" From State Sponsor Of Terrorism

The State Department has said it cannot cite any instances of its ethics officials reviewing or approving new donations from foreign governments to the foundation while Clinton served as the country's top diplomat from 2009 until 2013, suggesting the foundation may be in breach of its ethics agreement over the not immaterial donation of $1 million from a foreign state.

Standard Chartered Becomes Frst Commercial Issuer Of SDR Bonds In China

On August 31, in what was dubbed a "historic event", the World Bank became the first issuer of bonds denominated in SDR and settled in yuan when it sold 500 million SDR units worth of bonds in China. Then, overnight, in yet another historic event, Standard Chartered Bank said it has obtained approval from the PBOC to be the first commercial issuer of bonds denominated in SDRs in China’s interbank bond market.

Frontrunning: October 14

  • China inflation relief sends stocks, dollar higher (Reuters)
  • China producer prices rise for first time in nearly five years, may ease debt woes (Reuters)
  • Oil rises further above $52 on tighter U.S. fuel stocks (Reuters)
  • Oil From $50 Billion Kashagan Field Starts Flowing to Export (BBG)
  • New Rules Make It Harder for Companies to Manage Their Cash (WSJ)
  • The Sept. 11 Lawsuit Bill Is Weaker Than It Appears (BBG)

Global Stocks, Futures Jump On Strong China Inflation; Oil Rises Above $51

One day after a slump in Chinese trade sparked a global market selloff on concerns the world's second biggest economy had once again hit a downward inflection point, overnight China surprised once again, this time to the upside when the latest inflationary data printed hotter than expected, sending European and Asian stocks higher and pushing the yen lower after China’s producer price index rose for the first time since March 2012.

Obama To Decide Friday On Military Action In Syria

The time has come for the US to make a decision: on Friday President Barack Obama and his top foreign policy advisers are expected to meet to consider their military and other options in Syria as Syrian and Russian aircraft continue to pummel Aleppo and other targets.

Martin Armstrong Fears "We Are Being Prepared For World War?"

The polls are being rigged as they were in Britain for BREXIT. But plan B is clearly being put into play already preparing the public for the accusation that should Trump win, the election will be called a fraud because of Russian hackers. Democrats are now warning foreign governments that cyber attacks against the U.S. will be treated like any other, even if it leads to war.

US Joins Yemen Conflict With Cruise Missile Strikes On Anti-Saudi Targets

Overnight, the U.S. military not only did not rebuke the Saudis for a military campaign that has claimed nearly 10,000 innocent civilian lives, but became the latest entrant in the Yemen offensive, when it launched cruise missile strikes on Thursday to knock out three coastal radar sites in areas of Yemen controlled by Iran-aligned Houthi forces targeted by Saudi Arabia.

Frontrunning: October 13

  • Weak China data, stronger dollar send global stocks skidding (Reuters)
  • Oil price gains limited by higher OPEC output, U.S. crude stocks (Reuters)
  • Wells Fargo CEO Stumpf Quits in Fallout From Fake Accounts (BBG)
  • SEC Said to Demand That Cooperman Agree to Hedge Fund Suspension (BBG)
  • FBI, DOJ roiled by Comey, Lynch decision to let Clinton slide by on emails, says insider (Fox)

Global Stocks Tumble To Three Month Lows As China Fears Return

Remember when two weeks ago the China Beige Book warned that "It’s A Lot More Negative Than People Think" in the world's second biggest economy? Well after months of complacency about the Chinese economy and financial risks emanating from its $35 trillion financial sector, overnight the world got a rude awakening when China export figures tumbled, signalling a deeper slowdown than many anticipated just as the Fed prepares to raise interest rates.