The Heisenberg Report | TalkMarkets | Page 2
Contributor's Links: The Heisenberg Report
Perhaps more than any other time in the last six decades, the fate of markets is inextricably intertwined with the ebb and flow of geopolitics. From the ECB's attempts to use the central bank's balance sheet to influence political outcomes across the eurozone to Saudi Arabia's efforts ...more

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Tencent Plunges, Logs Record Losing Streak But Don’t Tell Wall Street…
If there's any stock on the planet that could have done without a global selloff catalyzed by a bloodbath on the Nasdaq, it's Tencent.
Italian Stocks On Precipice Of Bear Market As Tria Fails To Put Out Fire
Equities don’t seem to be buying what Tria is selling either. Italian stocks pared a brief bounce and are on the precipice of a bear market.
Don’t Look Now, But The Chinese Yuan Just Staged A Massive Coup In Global Reserves
For all the talk of quantitative tightening, it turns out global central banks actually accumulated reserves in the second quarter.
'There Are Clouds On The Horizon': Why The IMF Just Slashed Their Global Growth Outlook
It comes as no surprise that the IMF cut their outlook for global growth. The fund has for months warned that a variety of headwinds (not the least of which are trade frictions) could serve to undermine the global economy in the year end.
European High Yield Faces Two-Headed Hydra From Italy, EM FX
Over the past several months, Italian budget risk and EM FX woes have taken turns denting risk sentiment.
Maybe Amazon Will Just Put Google Out Of Business Now, Because Why Not?
Midway through the session, the Wall Street Journal reported that hundreds of thousands of users might have had their private Google+ data exposed.
Don’t Look Now, But Turkish Banks Are On Fire (In A Good Way)
Halkbank shares are on fire, rising more than 6% in Istanbul, on pace for their third-best day of what has otherwise been a truly horrible year.
China Delivers RRR Cut, Unleashing 1.2 Trillion Yuan In Liquidity
For the fourth time this year, China has cut the reserve requirement ratio for some banks in a bid to counter a deceleration in the economy and ensure trade frictions with the U.S. don’t end up raising the odds of a hard landing.
Dollar Guns For Best Streak Of The Year Ahead Of Make-Or-Break Jobs Report
The greenback is gunning for its longest winning streak since December and is sitting near its highest levels since mid-August.
Reflation Madness! Treasury Selloff Turns Unruly As U.S. Economy Is Screeching Tea Kettle
The bond selloff accelerated, with 30Y and 10Y yields hitting their highest levels since 2014 and 2011, respectively.
Expensive Dollars And The Return Of Negative Hedged Yields
Late last week, hedged Treasury yields turned negative for European and Japanese investors.
Goldman Traced The History Of S&P Divergences – Here’s What They Found…
Well, the “convergence/divergence” market debate has officially gone mainstream.
China Publishes Full List For November Tariff Cuts, As Xi Maneuvers Around Trump
On Sunday, the Chinese finance ministry published the full list of nearly 1,600 items on which tariffs will be slashed starting on November 1. The average tariff rate on those goods will fall to 7.8% from 10.5% last year.
Mob Hit: Italian Assets Whacked In Bloody Friday Rout
It’s not terribly surprising that the market is aghast at the utter lack of regard for decorum Italy’s populist leaders demonstrated on Thursday when they announced their budget deficit target.
'We Do Not Think Markets Will Appreciate This': Italy’s Populists Successfully Blow Up Budget
Italian assets came under pressure on Thursday when Salvini and Di Maio made a last-minute push for a more expansionary budget over the objections of Finance Minister Giovanni Tria, who attempted to draw a line in the sand at 1.9%.
Racing A Thunderstorm: Indonesia’s Fifth Rate Hike Since May Underscores EM Fed Angst
Well, you can’t say Bank Indonesia isn’t trying.
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