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Aug 18 - PBoC Injection Shows China's Worry

EMOTION MOVING MARKETS NOW: 13/100 EXTREME FEAR

PREVIOUS CLOSE: 11/100 EXTREME FEAR

ONE WEEK AGO: 14/100 EXTREME FEAR

ONE MONTH AGO: 32/100 EXTREME FEAR

ONE YEAR AGO: 14/100 EXTREME FEAR

Put and Call Options: EXTREME FEAR During the last five trading days, volume in put options has lagged volume in call options by 26.85% 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 13.01. 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 is slightly greater than 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 – NYSE GOES DOWN

 

UNUSUAL ACTIVITY

HIGHLIGHTED OPTION ACTIVITY:

CCL JAN 55 CALL Activity @$2.10 on offer 1600+ Contracts

YUM AUG WEEKLY4 84 CALL Activity @$ 1.84 3000 Contracts

UTX AUG WEEKLY4 99.5 CALLS @$.78-.80 on offer 2500+ Contracts

GPRO ACTIVITY in the OCT 57.5 PUTS @$3.95 2000 Contracts

ABBV Nov 72.5 CALL Activity @$2.050 on offer 1400+ Contracts

HIGHLIGHTED INSIDER TRANSACTIONS:

PKE Board Chairmand and CEO Purchase 5,000  @$17.8666

ERI President Purchase    7,400  A  $ 9

KOPN CEO & President Purchase 44,400 @$2.75  Purchase 44,400 @$2.69

More Unusual Activity…

 

HEADLINES

 

PBoC Injection Shows China Worries About Outflows- WSJ

Moody's: Global Eco. On Course For Muted Growth in 2015, 2016- Guardian

China Home Prices Rise For Third Month In July- RTRS

China, Hong Kong Stocks Fall As Yuan Devaluation Fears Linger- RTRS

Japan Govt. Consider Asking Companies For Wage Raise Next Year-RTRS

RBA Steers Steady Policy Course, Less Worried About Currency- RTRS

IMF Calls On Saudi Arabia To Rely Less On Oil- MarketWatch

Persimmon Lifts Profits But Faces Obstacles To Growth- Proactive Investors

Wood Group Says Has Cut About 13% Jobs Since December - RTRS

Shell In Framework LNG Deal With Private Chinese Firm- RTRS

Lindt & Spruengli H1 Profit Beats Analyst Expectations- RTRS

WTI futures settle below $42/barrel for the first time since 2009

Dallas Fed names Robert Kaplan as president and CEO

Kaplan will next vote on Fed policy in 2017

Fitch: Eurozone GDP grows, but gives limited sovereign support

BBK: German growth seen strong in 2H, China a worry

BoE Forbes: Waiting too long to hike may undermine recovery

Global M&A pushes beyond the $3tn mark as QVC to acquire Zulily for $2.4bn, and Pentair bags Erico Global for $1.8bn

 

GOVERNMENTS/CENTRAL BANKS

Robert S. Kaplan named president and CEO of Dallas Fed

New Dallas Fed president Kaplan will next vote on Fed policy in 2017

IRS: Thieves stole tax info from additional 220k --CNBC

ECB: Eurozone Excess Liquidity Drops To EUR464.629 Bln From EUR467.195 Bln

ECB: EUR816 Mln Borrowed Using Overnight Loan Facility, EUR154.2 Bln Deposited

Fitch: Eurozone GDP Grows, But Gives Limited Sovereign Support

BBK: German growth seen strong in 2H, China a worry --Rtrs

BOE Forbes: Waiting Too Long to Hike May Undermine Recovery --MNI

Polish Rate Cut Suddenly More Likely Than Rise as Growth Slows --BBG

GREECE

German chancellor Merkel: She's Confident IMF Will Join Greek Bailout --BBG

German Spox Semmelman: IMF involvement in Greece bailout indispensable --Fiscal Times

Germany's Spox Seibert: IMF involvement in Greek deal to be decided in October --ForexLive

Reuters Poll: Greek bailout deal had no impact on money markets

Eurogroup Mulls Avg 60-Yr Bond Maturity For Greece --HB

GEOPOLITICS

WH tells Beijing to stop covert agents hunting expatriates --CNBC

Bangkok bomb: at least 12 reportedly killed outside shrine in Thai capital --Guardian

FIXED INCOME

ECB PSPP +EUR10.1895bn to EUR269.875 (prev +10.8209bn to 259.698bn)

ECB CBPP: +1.414bn to EUR108.059bn (prev +2.317bn to 106.645bn)

ECB ABSPP: +332m to EUR10.961bn (prev +889m to 10.629bn)

UK DMO says plans 7 conventional gilt auctions in Oct-Dec --Yahoo

Foreign Investors Shift Cdn Debt Holdings Toward S-T in June --MNI

Nomura cuts 60 in London, high-yield and loans desks affected --IFR

FX

USD, CNY: Dollar Inches Higher As Yuan Stabilizes --Nasdaq

USD COMMENT: Fed rate hikes may not be the dollar tailwind many are expecting --MW

EUR, JPY COMMENT: Currency war heating up for yen and euro --FT

BRL, PEN: MS: Brazil's real and Peru?s sol at risk after yuan devaluation --BBG

EM FX: Emerging market currencies extending longest sell-off since 2000 --ForexLive

EM FX, EUR: Looming EUR golden cross maps course for rand to record low --BBG

ENERGY/COMMODITIES

WTI futures settle 1.5% lower at $41.87 per barrel, first settlement below $42 since 2009

Brent futures settle 0.9% lower at $48.74 per barrel

CRUDE: Oil slips closer to six-year low on Japan data, oversupply --Rtrs

CRUDE: Theft attempt halts oil flow in Iraq-Turkey pipeline --Zawaya

CRUDE: Investors pull away from the US oil market --FT

GOLD: Investors cut gold holdings by $2.3bn --Dealogic

ENERGY: Natural Gas Falls on Cooler Weather --WSJ

METALS COMMENT: Why Has Druckenmiller Dived In Gold And Copper --Investing.com

EQUITIES

M&A: Global M&A pushes beyond the $3tn mark --Dealogic

M&A: Liberty Interactive to buy online retailer Zulily in $2.4 billion deal --Rtrs

M&A: QVC to Acquire Online Shopping Site Zulily for $2.4bn --WSJ

M&A: Pentair Agrees to Buy Erico Global for $1.8bn --NYT

M&A: Private equity said to lead bids for Airbus Defense assets --BBG

M&A: Germany's Mann + Hummel agrees to buy U.S. firm Affinia --Rtrs

BANKS: Citigroup to pay $180 million to settle charges of defrauding fund investors --FNB

BANKS: Banks brace for billions in civil claims over forex rate rigging --FT

DEALS: IndiGo finalizes $26.55bn purchase of 250 new Airbus A320neo --BBC

DEALS: Tesco to hold talks with dairy farmers after protests over milk imports --Guardian

DEALS: Sprint announces 'iPhone Forever', a $22/month yearly upgrade plan --Rtrs

BROKERS: Morgan Stanley Massively Hikes Price Target on Tesla --BBG

BOARDROOM: Target names Cathy Smith CFO, moves current CFO John Mulligan to COO

TECH: Samsung to create 30k youth jobs --Yonhap

EARNINGS: Estee Lauder beats profit expectations, but outlook is slightly below --MktWatch

EMERGING MARKETS

CHINA: China FX Stabilizes, Stocks And Bonds Stabilize In Relief --Investing.com

 

EM FX: Emerging market currencies extending longest sell-off since 2000 --ForexLive