Saturday, October 15, 2016

Today's Headlines

Bloomberg:
  • No Progress Made at Syria Talks as Russia Warns of U.S. Conflict. Talks on Syria’s civil war among Russia, the U.S. and Middle East powers ended without result amid a warning in Moscow that the risk of conflict is increasing between the two former Cold War rivals. Russian Foreign Minister Sergei Lavrov left Lausanne, Switzerland, for Moscow after about four hours of talks on Saturday, saying the sides had discussed certain “ideas” for advancing a resolution of the 5 1/2 year war and agreed to pursue efforts again soon. The negotiations over the deepening conflict in Syria marked a bid to pull back from a diplomatic collision over the Russian-backed siege of Aleppo by President Bashar al-Assad’s forces in a standoff that has brought ties between Russia and the U.S. to a recent low. Secretary of State John Kerry met with Lavrov and their counterparts from Saudi Arabia, Qatar, Iran, Jordan, Iraq, Egypt and Turkey, aiming to restore a truce to deliver aid supplies to Aleppo and other besieged areas. Kerry said there was no agreement on any concrete steps to halt the violence, the Associated Press reported. He said some ideas under discussion could prove helpful to restarting the peace process.
  • Bulls Unshaken as Profit Duds Rattle U.S. Stocks in Winding Week. A gloomy beginning to earnings season sent U.S. stocks to a second week of losses. A trio of Wall Street’s biggest bulls say don’t worry. It was a week of twists as the S&P 500 Index alternated between gains and losses, a rarity during the bull market but one that’s now happened four times this year as sentiment is swinging on everything from central-bank policy to the U.S. election and perceptions on the economy’s strength. Earnings took a turn in the spotlight in the latest week, as a profit miss from Alcoa Inc. rattled the market before signs of life from the largest banks buoyed optimism.
Wall Street Journal: 
Barron's:
  • Had bullish commentary on (X), (FMC) and (PVH).
  • Had bearish commentary on (AMZN).
Fox News:
Zero Hedge:
The Telegraph:
FAS: 
  • Merkel Said to Seek More Sanctions on Russia Over Syria. German Chancellor Angela Merkel to seek more sanctions at European Council meeting on Thursday and Friday, citing officials.
21st Century Business Herald:
  • PBOC Said to Summon Big Banks Over Mortgage Risk. PBOC called a meeting of senior officials at state-owned and commercial banks on Oct. 12 to discuss property market lending, citing people familiar with the matter. PBOC officials said residential mortgage loan growth is currently too fast, and an overheated property market could affect economic stability. Mortgage loans in some regions have doubled since the end of last year. In some areas, mortgages account for 90% of new lending.

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