Bloomberg:
- Spain’s on Edge Over Catalonia’s Rebellion — So Are Investors. (video) As Spain confronts its Catalonian rebellion, investors are staring down a decision on whether to bet on a peaceful resolution to the secession upheaval or prepare for the consequences if the region splits off. For some, it’s reminiscent of the early stages of the euro-zone debt crisis, when investors found themselves reading up on the ins and outs of Greek politics and EU treaty articles to gauge the probability of a political and economic shake-up and its likely effects.
- Dark Trading Could Triple in Europe Under New Market Rules. (video) Trading of European stocks on dark markets will probably triple as a result of the MiFID II overhaul, the opposite of what the architects of the law intended, as the new rules give some venues flexibility in how they price shares. That’s according to Alex Gerko, co-chief executive officer of XTX Markets Ltd., an algorithmic trading firm that’s one of the region’s largest traders. He predicts that dark trading will become as significant in Europe as it is in the U.S., where more than one-third of stock trades happen on dark markets. As much as 10 percent of European equity trading currently takes place on dark pools, including invisible over-the-counter trades.
- Here Are the Top-Eight Holders of Puerto Rican Debt.
- Your Evening Briefing.
Wall Street Journal:
- Spain Tense as Catalan Separatist Leaders Called to Testify in Sedition Investigation. Region’s leaders have warned that they could declare independence as soon as this weekend.
- Senators Rip Credit-Reporting Model in Wake of Equifax(EFX) Breach. Ex-Equifax CEO faces questions about how the company handled the breach and whether an industry overhaul is needed.
- Another Thing Amazon Is Disrupting: Business-School Recruiting. Amazon has hired some 1,000 newly minted M.B.A.s in the past year.
MarketWatch.com:
- Spanish stocks lead Europe to lower close as Catalonia dispute intensifies. The Stoxx Europe 600 index SXXP, -0.08% fell 0.1% to end at 390.40, breaking a nine-day winning streak, the benchmark’s longest since July 2015.
CNBC:
- EU cash grab is a huge boost to Trump's tax-reform effort. (video)
- Google(GOOGL) Pixel 2 phones, Google Home Max and more announced — here's a rundown.
- Homeland Security report cited lone offenders as threat to large events in the South, weeks before Las Vegas massacre.
- Facebook(FB) is about to get slammed by US populist backlash, says early Uber investor Calacanis.
- Tropical depression forms in Caribbean; likely to impact Gulf Coast this weekend as a hurricane.
- Buy Netflix(NFLX) before earnings because subscriber growth will top Street: UBS. (video)
- American optimism about the economy hits an all-time high in new CNBC survey. (video)
Zero Hedge:
- 16 Unanswered Questions About The Las Vegas Shooting That Mainstream Media Doesn't Want To Talk About.
- Meet The Next Fed Chair: The Definitive Cheat Sheet.
- Study Of 10-Year State Pension Returns Highlight Full Extent Of Public Pension Ponzi.
- Tillerson Vows To Stay On, Slams NBC 'Moron' Report.
- Robots To Replace All Human Cashiers At New York Shake Shack(SHAK).
- WTI/RBOB Jump After Big Crude Inventory Draw, Exports Hit Record High.
- Nigel Farage Blasts EU, Juncker Over Catalonia: Spain Violates Article 2 Of Lisbon Treaty.
- ISM Services Spikes To 12-Year Highs - Beats Expectations By 5 Standard Deviations (As PMI Slides). (graph)
- Puerto Rico Bonds Crash To Record Low After Trump Says Debt May Need To Be "Wiped Out". (graph)
- Catalonia To Declare Independence From Spain On Monday.
- ADP Employment Grows At Slowest Pace In 11 Months As Small Business Slumps.
- Angry Trump Blasts "Fake News Media" For Puerto Rico Coverage.
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