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Sep 15 - US Rate Hikes Will Bring Volatility To EMs

 

EMOTION MOVING MARKETS NOW: 13/100 EXTREME FEAR

PREVIOUS CLOSE: 14/100 EXTREME FEAR

ONE WEEK AGO: 10/100 EXTREME FEAR

ONE MONTH AGO: 11/100 EXTREME FEAR

ONE YEAR AGO: 43/100 FEAR

Put and Call Options: EXTREME FEAR During the last five trading days, volume in put options has lagged volume in call options by 15.22% as investors make bullish bets in their portfolios. However, this is still among the highest levels of put buying seen during the last two years, indicating extreme fear on the part of investors.

Market Volatility:  NEUTRAL The CBOE Volatility Index (VIX) is at 24.25. This is a neutral reading and indicates that market risks appear low.

Stock Price Strength: EXTREME FEAR The number of stocks hitting 52-week lows exceeds the number hitting highs and is at the lower end of its range, indicating extreme fear.

PIVOT POINTS

EURUSD | GBPUSD | USDJPY | USDCAD | AUDUSD | EURJPY | EURCHF | EURGBPGBPJPY | NZDUSD | USDCHF | EURAUD | AUDJPY 

S&P 500 (ES) | NASDAQ 100 (NQ) | DOW 30 (YM) | RUSSELL 2000 (TF) Euro (6E) |Pound (6B)

EUROSTOXX 50 (FESX) | DAX 30 (FDAX) | BOBL (FGBM) | SCHATZ (FGBS) | BUND (FGBL)

CRUDE OIL (CL) | GOLD (GC)

 

MEME OF THE DAY – HEY GIRL…

 

UNUSUAL ACTIVITY

TEVA SEP 63 CALL Activity 850+ @$.72 on offer

TSCO OCT 85 Put Activity @ 2.30 on the offer

ESRX NOV 95 CALL ACTIVITY on the OFFER @$.75 .. 1750 block

VTL purchase 4k @ 3.07, 2k @ 3.1, 2k @ 3.16, 6k @ 3.04

CONN .. SC 13G/A Filed by Tourbillon Capital Partners .. 8.9%

NVET Director P    10,000  A  $ 4.786v

More Unusual Activity…

HEADLINES


Malcolm Turnbull becomes Australian PM after Abbott ousted

NY Fed: Consumers Expect Lower Short- and Medium-Term Inflation

Opec raises 2015 global oil demand growth forecast, cuts 2016

Genscape data shows a potential inventory draw --ForexLive

ECB PSPP: +13.022bn to EUR314.469bn (prev +11.91bn to 301.447bn)

ECB CBPP: +3.892bn to EUR116.107bn (prev +1.099bn to 112.215bn)

ECB ABSPP: +366m to EUR11.86bn (prev +382m to 11.494bn)

ECB Bonnici: Too early to decide on new stimulus

ECB Weidmann: Data shows need for steady hand

ECB Coeure: Euro members need to share more sovereignty on economic policy

CA Teranet/National Bank HPI (YoY) (Aug): 5.40% (prev 5.10%)

ESMA raises its market risk indicator to highest level

BIS Highlights Trouble Spots for Global Economy --WSJ

S&P: US rate hikes will bring volatility to EMs

 

GOVERNMENTS/CENTRAL BANKS

Malcolm Turnbull becomes Australian PM after Abbott ousted --Rtrs

NY Fed: Consumers Expect Lower Short- and Medium-Term Inflation

ECB Bonnici: It's 'Too Early' To Decide On New Stimulus --ForexLive

ECB Coeure: Euro members need to share more sovereignty on economic policy --BBG

ECB Weidmann: Data Shows The Need For A Steady Hand -- ForexLive

ECB Review Of Greek Banks Under Way, Could Be Done End-October --BBG

Draghi seen expanding QE by economists fearing shallow recovery --BBG Poll

Bloomberg survey of economists has the majority seeing the ECB raising QE --ForexLive

BoE Weale: Rates Will Rise Relatively Soon --Rtrs

EU Dijsselbloem: Eurozone Must Share More Banking Risks --Rtrs

Riksbank Gov Ingves Sees Flaws In Crisis-Busting Tools --FT

Syriza and ND deadlocked in polls --Kathimerini

 

GEOPOLITICS

Russian Envoy: Syria seeks peace conference in Moscow --BBG

French President Hollande: French airstrikes will be necessary in Syria --Rtrs

MARKETS RISK WARNINGS:

ESMA raises its market risk indicator to highest level

BIS Highlights Trouble Spots for Global Economy --WSJ

FIXED INCOME

ECB PSPP: +13.022bn to EUR314.469bn (prev +11.91bn to 301.447bn)

ECB CBPP: +3.892bn to EUR116.107bn (prev +1.099bn to 112.215bn)

ECB ABSPP: +366m to EUR11.86bn (prev +382m to 11.494bn)

PBOC allows liquidity injection tools in interbank market --MNI

Italy Public Debt At E2.199.2 Trillion in July, State Revs Rise --MNI

UK households are sitting on a £173bn debt time bomb --Mail

CORPORATES: Sanofi tests waters with chunky offer --IFR

FX

EM FX: EM currencies tumble back to 2002 levels --FT

HKD: HKMA sells $6.59bn to market to bolster HKD within trading band --Rtrs

JPY and EUR COMMENT: Goldman says QE to weigh on yen and euro as Fed holds this week --BBG

ENERGY/COMMODITIES

WTI futures settle -1.4% at $44.00 per barrel

Brent futures settle -3.7% at $46.37 per barrel

CRUDE: Opec raises 2015 global oil demand growth forecast, cuts 2016 estimate

CRUDE: Genscape data shows a potential inventory draw --ForexLive

CRUDE: Moody's: Sustained overcapacity, low oil prices will pressure global offshore drillers through 2017

METALS: Copper Slides, China Data Reinforces Demand Fears --CNBC

GASOLINE: Gasoline Leads Oil Prices Lower --WSJ

EQUITIES

S&P 500 provisionally closes -0.4% at 1,952

DJIA provisionally closes -0.4% at 16,370

Nasdaq provisionally closes -0.4% at 4,805

M&A: Mylan commences offer to acquire Perrigo

M&A: Oil Search Turns Down Woodside's $8bn Takeover Plan --Rtrs

M&A: Solera Agrees To $6.5Bln Acquisition By Vista Equity Affiliate --MW

M&A: Qualcomm Acquires Capsule, No Terms Disclosed --Forbes

M&A: Trinity Mirror in talks to buy rival Local World --Rtrs

RETAIL: Alibaba blasts Barron's story that warns of 50% stock drop --MW

TECH: Apple says iPhone pre-orders are looking good --CNBC

TECH: Nintendo Names Tatsumi Kimishima As President to Succeed Iwata --BBG

TECH: Facebook Looks to Bring Virtual Reality to Mobile Devices

BANKS: Bank Of America Officials Worried About Moynihan Vote --WSJ

BANKS: Credit Suisse Said Nearing $80 Million Settlement Over Dark Pool --BBG

BANKS: Deutsche Bank to cut workforce by a quarter --Rtrs sources

BANKS: Deutsche Bank Prepares To Shut Russian Operations --Rtrs source

AUTOS: Ford Europe Post 12% Increase In Sales For August --BBG

AUTOS: Porsche and Audi unveil electric cars to take on Tesla --Rtrs

CRA: Moody's changes outlook on E.ON's Baa1 rating to negative

INDUSTRIALS: Airbus Set to Open Jetliner Production Plant in the US --WSJ

EMERGING MARKETS

CHINA: PBOC Ma Jun: Chinese Economy Will Do Better Than Market Expectations --Forexlive

CHINA: China Banks Sell Massive CNY723.8 Bln In Forex In August --MNI

CHINA: China seizes up to $157bn of unspent local government budgets --Rtrs

S&P: US rate hikes will bring volatility to EMs

CHINA: Bank lending accelerates in China --FT

 

MALAYSIA: Malaysia central bank keeps rate on hold --MW