Wednesday, October 01, 2014

Today's Headlines

Bloomberg: 
  • Ukrainian Truce Frays as Rebels Step Up Airport Attacks. Ukrainian government forces repelled a separatist assault on the Donetsk airport and shelling killed 10 civilians in the eastern city, fraying a cease-fire that had curtailed violence and casualties for most of last month. Government forces still hold the airport of the biggest city in the combat zone after repelling a one-hour attack this morning, the army said on Facebook. The civilians were killed and at least nine more were wounded, including by a shell that exploded meters from a school where 70 children were in class, the Donetsk regional council said on its website. 
  • Specter of Russian Capital Controls Puts Market on Edge. Holders of Russia’s ruble-denominated bonds, stung by the worst losses in emerging markets in the third quarter, are weighing the consequences of possible capital controls as the currency sinks. “It would be very negative for your investments in the local currency,” Peter Schottmueller, who helps manage $17 billion as head of emerging-market fixed income at Deka Investment GmbH in Frankfurt, said by e-mail yesterday. Foreign ownership of ruble bonds has dropped and any curbs on capital flows would further “increase the investment risk,” he said.
  • Dallas Ebola Patient Let Go After Telling of Africa Trip. (video) The first man to be diagnosed in the U.S. with Ebola was sent home by a Dallas hospital after showing initial symptoms, even after he told a nurse he was recently in Africa, the center of the disease outbreak. The man would return by ambulance two days later, when he was placed in an isolation unit and confirmed as infected. The two-day gap, when the man was in the community and contagious, occurred because “regretfully, that information was not fully communicated” to other health professionals, said Mark Lester, a hospital system official.
  • Hong Kong Students Threaten Escalation as Councilor Seeks Talks. Hong Kong’s pro-democracy student leaders threatened to besiege government offices if demands for free elections and the resignation of the city’s top official aren’t heeded, as the government sought to start talks. Demonstrations swelled for a sixth day, with one student leader estimating the crowd at 9 p.m. at close to 200,000 people. Regina Ip, a member of the city’s executive council, said today she tried to reach out to protest organizers.
  • Emerging-Market Bond Sales Surge Over $900 Billion on Asia Deals. Emerging-market bond sales are headed for an unprecedented year after the busiest nine months on record as borrowers seek to issue debt before U.S. interest rates start to rise. Governments and companies in developing nations raised $942 billion in the first three quarters in overseas and local markets, up 11 percent from the year earlier, data compiled by Bloomberg show. While sanctions over the Ukraine crisis brought Russian issuance to a halt, Asian sales jumped by a fifth, led by China. Ghana sold its longest-maturity Eurobond, while Hong Kong and South Africa lured Muslim investors with debut sukuk. 
  • Europe Stocks Drop as Italy’s Forecasts Cloud Euro-Area. European stocks fell to the lowest level in more than five weeks after Italy cut its economic-growth forecasts and U.S. manufacturing data missed estimates. J Sainsbury Plc slumped to the lowest price in more than 11 years after saying it won’t see a return to growth in same-store sales this year. Orange (ORA) SA fell 4.1 percent as Bpifrance sold a stake in the company for 580 million euros ($731 million). Adidas AG rose after announcing a plan to return as much as 1.5 billion euros to shareholders. The Stoxx 600 Europe Index slid 0.8 percent to 340.22 at the close of trading.
  • Nickel Falls to Six-Month Low as Inventories Increase. Nickel prices fell to a six-month low as inventories monitored by the London Metal Exchange extended an increase to a record. Aluminum dropped to the cheapest since July. This year, nickel stockpiles have jumped 37 percent even as Indonesia, the world’s biggest producer of the mined metal, maintains an ore-export ban. China is the top user of the metal. Prices entered a bear market on Sept. 29, falling more than 20 percent from the 2014 closing high on May 13
  • Commodity ETF Outflows Reach Highest This Year on Supply. Investors last month pulled more money out of U.S. exchange-traded products backed by commodities than they have all year, as signs of supply gluts drove the biggest price slump since the financial crisis. About $1.05 billion was removed from the ETFs in September, the biggest monthly withdrawal since December, data compiled by Bloomberg show. Outflows were led by redemptions from precious metals and energy. Money mangers have cut their combined bullish bets across 18 U.S. traded commodities for 13 straight weeks, the longest streak since the data begins in 2006, while open interest in raw materials fell last quarter by the most in two years.
CNBC:
ZeroHedge: 
Business Insider: 
IBD:

@PZFeed:
  • BREAKING NEWS: 5 students from 4 different schools in Dallas are being monitored after contact with Ebola patient.
Reuters:
RT:

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