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Daily Archives: September 13, 2017

THE U.S. DAYBOOK: U.S. DAYBOOK & OVERNIGHT: Seadrill Bankruptcy, Cracker Barrel

(Bloomberg) — U.S. stock-index futures retreat slightly with European shares while oil rises. Economic data include MBA mortgage applications, PPI and oil inventories. Cracker Barrel and United Natural are reporting earnings. U.S. MARKETS: S&P 500 futures down 0.1% to 2,493.00 Brent futures up 0.5% to $54.56/bbl Gold spot up 0.1% …

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EUROPEAN DAYBOOK & OVERNIGHT: Eurozone Industrial Output, Bonds

(Bloomberg) — Euro-area July industrial production report due. Danish Central Bank publishes third-quarter review. Germany, Switzerland to sell bonds. Richemont provides five-month trading update. WHAT TO WATCH: TOP OVERNIGHT NEWS: Seadrill Files Bankruptcy to Shrink Offshore Driller’s Debt Load PR Firm Bell Pottinger Collapses After Racial-Tensions Scandal Malaysia Airlines Agrees …

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Won Gains for 2nd Day on Measured N.Korea Response: Inside Korea, By Hooyeon Kim

(Bloomberg) — South Korea’s won advances for a second day as traders considered North Korea’s first official response to the latest UNSC sanctions to be less-threatening than feared. * USD/KRW falls 0.3% to 1,125.90 * North Korea’s Foreign Ministry says Wednesday it “condemns in the strongest terms and categorically rejects” …

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MACRO VIEW COLUMNS: Bitcoin’s Power Needs Are Unbelievable and Uneconomic: Macro Man

(Bloomberg) — Are you a cranky skeptic of crypto-currencies and tired of adherents promising that Bitcoin can do everything from protecting your privacy to curing the common cold? Are you dubious that it’s as scalable as its prophets claim? Perhaps in this case, the Luddites are correct. A look at …

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THE ASIA FX/RATES DAYBOOK: FX/RATES DAYBOOK ASIA: Treasuries Fall, Dollar Steady

(Bloomberg) — Treasury yields extended rebound from YTD lows reached at end of last week, while pound saw strong advance on better-than-expected U.K. inflation data. Yen tumbled and dollar eked out a small gain. WHAT TO WATCH Australia Westpac Consumer Confidence Bank of Japan bond purchases; see more below OVERNIGHT …

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