Today's Headlines
Bloomberg:
- Ukraine Cease-Fire Evaporates as Government Says 200 Rebels Dead. (video) Ukraine’s military said it killed as many as 200 rebels in an attack
in Donetsk, inflicting the biggest blow from either side in the conflict
in more than two months and removing pretense that a Sept. 5 truce is
holding. Accusing Russia of sending dozens of tanks and other
military vehicles across its border yesterday into separatist-held areas
in eastern Ukraine, military spokesman Andriy Lysenko said Ukraine’s
army was preparing for “an adequate reaction.” Lysenko said artillery
strikes had killed the rebels and destroyed tanks and other armored
vehicles after Ukrainian forces took fire at the Donetsk airport, where
they have faced almost daily attacks.
- Russia Signals Ruble Defense ‘Any Time’ Amid Currency Rout. Russia’s central bank said it’s ready to step in at any time to prop up the ruble as the world’s worst-performing currency over the past three
months extended declines. The demand for dollars is creating
conditions for risks to financial stability to emerge, the Bank of
Russia in Moscow said in a statement on its website today. The monetary
authority said it’s also ready to “use its other financial-market
tools.”
- German Industrial Production Rises Less Than Economists Forecast.
German industrial production (GRIPIMOM) rebounded less than analysts
forecast in September, signaling that Europe’s largest economy is
struggling to recover. Production, adjusted for seasonal swings, rose
1.4 percent from August, when it contracted a revised 3.1 percent, the
biggest decline since January 2009, the Economy Ministry in Berlin said today. Economists surveyed by Bloomberg News predicted a 2 percent increase in output. Production declined
0.4 percent in the third quarter.
- European Stocks Decline, Erasing Gains, as Banks Retreat. European stocks fell from a five-week
high, posting a weekly drop, as bank shares slumped amid signs the region’s common supervisor is tightening scrutiny. The Stoxx Europe 600 Index slid 0.5 percent to 335.25 at the close. Sixteen of the 19 industry groups on the benchmark
gauge dropped, led by technology companies and Greek banks.
- Gold Climbs Most Since June as U.S. Jobs Trail Forecast. Gold futures headed for the biggest
gain since June after U.S. employers added fewer jobs than
forecast last month, reviving demand for a haven.
Trading in New York was more than double the 100-day
average for this time of day, data compiled by Bloomberg show.
- Obama to Move on Immigration Even With Warning, Aide Says.
President Barack Obama won’t scale back plans for unilateral action on
immigration and will press forward with his agenda even as Republican
leaders warned of a poisoned relationship, a top aide said today. “We’re
going to do what we think is best for the country,” senior Obama
adviser Dan Pfeiffer told reporters and editors at a Bloomberg breakfast
in Washington. “If they have disagreements about the things we do, they
have the capacity to
legislate.”
- Treasuries Rise as Dollar Falls on Payrolls Report.
Treasuries climbed with gold while the dollar slid as
weaker-than-forecast payrolls data spurred speculation the Federal
Reserve will keep interest rates low for longer. U.S. stocks fluctuated
near record levels while European equities slumped. The yield on
10-year Treasuries fell 6 basis points to 2.33 percent at 1:27 p.m. in
New York. The Bloomberg Dollar Spot Index slid 0.5 percent.
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